WAEC Accounting 2012 Objective — Question 34

Question 34 of 50 from the West African Examinations Council (WAEC) Accounting 2012 Objective paper, with the correct answer and a full explanation.

Use the following information to answer questions 34 and 35. The Health Department of Zango Local Government incurred the following expenditure in 2010. Construction of hospital wards Le30,000 Purchase of hospital beds Le40,000 Salaries and wages Le80,000 Purchase of drugs Le55,000 Purchase of X-ray machine Le150,000 The capital expenditure for the year was

A. Le545,000
B. Le450,000
C. Le300,000
D. Le220,000Correct

Explanation

Capital expenditure = expenditure that does not re-occur yearly. Construction of Hospital ward 30,000 + Purchase of hospital beds 40,000 + Purchase of X-ray machine 150,000 = Total = Le220,000.

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