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WAEC Financial Accounting 2024 Question 45

Question 45

Public Sector Accounting

Use the following information to answer questions 44 and 45.
Purchases of motor van: D 370,000
Building of laboratories: D 760,000
Purchase of drugs: D 110,000
Electricity: D 26,000
Repair of equipment: D 10,000
The capital expenditure is

  1. A.D 1,140,000.
  2. B.D 1,130,000.
  3. C.D 870,000.
  4. D.D 760,000.
Show the answer and explanation

Answer: B (D 1,130,000.)

Explanation

Motor van 370,000 + laboratories 760,000 = D 1,130,000.