WAEC Accounting 2023 Objective — Question 44
Question 44 of 50 from the West African Examinations Council (WAEC) Accounting 2023 Objective paper, with the correct answer and a full explanation.
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Which of the following items is classified as capital expenditure in public sector accounting?
- A. Financial charges
- B. Construction works' costCorrect
- C. Training and conference cost
- D. Wages and salaries
Explanation
Construction works' cost is a capital expenditure since it is a one-off cost that does not recur regularly, unlike the other items.
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