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WAEC Financial Accounting 2026 Question 33

Question 33

Company Accounts

Director's remuneration is treated in the profit and loss account as

  1. A.revenue expenditure
  2. B.capital expenditure
  3. C.deferred expenses
  4. D.prepaid expenses
Show the answer and explanation

Answer: A (revenue expenditure)

Explanation

Directors' fees are a running cost of the year, so they are revenue expenditure.