passwella.
Menu

WAEC Financial Accounting 2022 Question 43

Question 43

Public Sector Accounting

Revenue expenditure of a local government includes purchase of

  1. A.theatre equipment
  2. B.incubators
  3. C.x-ray machine
  4. D.drugs
Show the answer and explanation

Answer: D (drugs)

Explanation

Drugs are used up in the year, so they are recurrent (revenue) spending; the others are equipment.