JAMB Accounting 2025 Objective — Question 34

Question 34 of 41 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2025 Objective paper, with the correct answer and a full explanation.

The capital budget is associated with

A. Long term and short term assets
B. Fixed assets
C. Long term assetsCorrect
D. Short term assets

Explanation

The capital budget records expenses and incomes expected to last beyond a single accounting cycle.

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