NECO Accounting 2023 Objective — Question 21
Question 21 of 50 from the National Examinations Council (NECO) Accounting 2023 Objective paper, with the correct answer and a full explanation.
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Using the same Banjul Local Government information, the recurrent expenditure for the year is (a) Le445,000 (b) Le370,000 (c) Le320,000 (d) Le125,000
- A. Le445,000
- B. Le370,000
- C. Le320,000
- D. Le125,000Correct
Explanation
Recurrent expenditure = Purchase of stationeries + Salaries and wages + Purchase of drugs = 15,000 + 60,000 + 50,000 = Le125,000.
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