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Which of the following items is classified as capital expenditure in public sector accounting?

Accounts - Principles of Accounts
WAEC 2023

Which of the following items is classified as capital expenditure in public sector accounting?

  • A. Training and conference cost
  • B. Construction works's cost
  • C. Wages and salaries
  • D. Financial charges
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Correct Answer: Option B
Explanation

Capital expenditure are expenditure incurred on long term project. They usually add to the value of the assets. They are normally paid from development fund.


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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts