NECO Accounting 2023 Objective — Question 44
Question 44 of 50 from the National Examinations Council (NECO) Accounting 2023 Objective paper, with the correct answer and a full explanation.
Advertisement
Which of the following items is classified as capital expenditure in public sector accounting? (a) Financial charges (b) construction works cost (c) wages and salaries (d) recurrent maintenance cost
- 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.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.