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

Question 16:

• JAMB 2019

Use the question to answer this question
The following information were extracted from the books of Miliki state

Sinking of bore holesPurchase of Motor carStationeryElectricityPurchase of drugsPurchase of beds

₦2,900,000920,000300,00045,00076,000425,000

Capital expenditure is

A. ₦345,000
B. ₦3,245,000
C. ₦421,000
D. ₦4,245,000

Question 17:

• JAMB 2021

Recurrent expenditures are expenses for the period not exceeding

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

Question 18:

• JAMB 2021

Capital and revenue expenditures of government are usually accounted for under funds which include

A. Technical, special trust and commercial funds
B. Personal advances, technical and public funds
C. Personal advances, treasury clearance and special trust funds
D. Commercial loans and treasury clearance funds