Capital and recurrent expenditure - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 6:

• JAMB 2000

Recurrent expenditure are expenses for the period not exceeding?

A. 10 years
B. 5 years
C. 2 years
D. 1 year

Question 7:

• JAMB 2003

Which of these is a capital expenditure warrant?

A. Provisional general warrant
B. Development fund general warrant
C. Reserved expenditure general warrant
D. Supplementary warrant

Question 8:

• JAMB 2008

Which of the following is among the categories of government cash book?

A. Receipt cash book
B. Payment cash book
C. Petty cash book
D. Treasury cash book

Question 9:

• JAMB 2009

Expenditure incurred on consumables and goods for resale is?

A. Revenue expenditure
B. Capital expenditure
C. Sunk cost
D. Miscellanous expenses

Question 10:

• JAMB 2009

Replacement and renewal of fixed assets are?

A. Revenue receipt
B. Capital receipt
C. Capital expenditure
D. Revenue expenditure