WAEC Financial Accounting 2026 Question 36

Question 36

Public Sector Accounting

Use the following information to answer questions 35 and 36.
Local government common fund allocation: ₦80,000
General administration cost: ₦40,000
Market tolls: ₦5,000
Royalties: ₦10,000
Members of national assembly project: ₦60,000
Market rehabilitation: ₦100,000
Rural electrification: ₦71,000
The total expenditure for the period is

A.₦366,000
B.₦271,000
C.₦176,000
D.₦95,000

Show the answer and explanation

Answer: B (₦271,000)

Explanation

Expenditure = 40,000 + 60,000 + 100,000 + 71,000 = ₦271,000.