GCE Accounting 2023 Objective — Question 44
Question 44 of 50 from the General Certificate of Education (GCE) Accounting 2023 Objective paper, with the correct answer and a full explanation.
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Which of the following items is classified as capital expenditure in public sector accounting?
- A. Financial charges
- B. construction works costCorrect
- C. wages and salaries
- D. recurrent maintenance cost
Explanation
Capital expenditure relates to acquiring or creating long-term assets; construction works cost creates a long-lasting asset, unlike wages, salaries or financial charges.
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