NECO Accounting 2022 Objective — Question 43

Question 43 of 50 from the National Examinations Council (NECO) Accounting 2022 Objective paper, with the correct answer and a full explanation.

Revenue expenditure of a local government includes purchase of

A. theatre equipment
B. incubators
C. x-ray machine
D. drugsCorrect

Explanation

Revenue expenditure covers the day-to-day running costs of government departments, such as drugs for hospitals; the other items are capital expenditure.

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