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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 for the year was

  • A. #43,000
  • B. #35,000
  • C. #30,000
  • D. #22,000
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Correct Answer: Option D
Explanation

Expenditure:
#15,000 (Salaries) + #7,000 (Vehicles fueling)
= #22,000
Note that the question is only asking for expenditure and not capital or recurrent expenditure.

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