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WAEC Financial Accounting 2023 Question 44

Question 44

Public Sector Accounting

Which of the following items is classified as capital expenditure in public sector accounting?

  1. A.Financial charges
  2. B.Construction works' cost
  3. C.Training and conference cost
  4. D.Wages and salaries
Show the answer and explanation

Answer: B (Construction works' cost)

Explanation

Construction works create long-lasting assets, so they are capital expenditure.