passwella.
Menu

WAEC Financial Accounting 2019 Question 8

Question 8

Public Sector Accounting

In public sector accounting, salaries of employees is classified as

  1. A.capital expenditure.
  2. B.capital receipt.
  3. C.recurrent expenditure.
  4. D.recurrent receipt.
Show the answer and explanation

Answer: C (recurrent expenditure.)

Explanation

Salaries are paid every period: recurrent expenditure.