WAEC Accounting 2021 Objective — Question 18

Question 18 of 50 from the West African Examinations Council (WAEC) Accounting 2021 Objective paper, with the correct answer and a full explanation.

Recurrent expenditure of a local government include

A. erection of market stalls
B. repayment of loans
C. purchase of office equipment
D. purchase of office stationeryCorrect

Explanation

Recurrent expenditure is expenditure that re-occurs every year; an example is the purchase of stationery, unlike capital items such as market stalls or equipment.

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