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Ifedapo Local Council has the following details for 2008   # Fines 5000 Allocation from state...

Accounts - Principles of Accounts
JAMB 2024

Ifedapo Local Council has the following details for 2008

  #
Fines 5000

Allocation from state government

 20000

Tenement rates

 10000

Licences

 12000

Hospital beds

 8000

Ambulance

 13000

Salaries

 15000

Vehicles fueling

 7000

The council's expenditure was

  • A. #28,000
  • B. #21,000
  • C. #20,000
  • D. #13,000
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Correct Answer: Option B
Explanation

Capital expenditure = Hospital beds (8000) + Ambulance (13000) = #21,000
Note that the question is only asking for the value of capital expenditure

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