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

Question 11:

• JAMB 2010

The financial plan of the government for a year is contained in the?

A. Budget
B. Cash analysis book
C. Vote book
D. Gazette

Question 12:

• JAMB 2012

The book into which all types of a ministry's expenditure are recorded is the

A. Ledger book
B. Payment book
C. Vote book
D. Expenditure book

Question 13:

• JAMB 2014

The expenses incurred in purchasing a vehicle is a

A. Revenue expenditure
B. Capital expenditure
C. Recurrent expenditure
D. Concurrent expenditure

Question 14:

• JAMB 2015

An expenses is said to be revenue in nature if it

A. Adds or contributes to the operating income of the business
B. Necessitates the introduction of additional capital
C. Reduces the capital of the business
D. Adds to or improves the value of fixed assets

Question 15:

• JAMB 2015

An expenses is said to be revenue in nature if it

A. Adds or contributes to the operating income of the business
B. Necessitates the introduction of additional capital
C. Reduces the capital of the business
D. Adds to or improves the value of fixed assets