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Accounts - Principles of Accounts
WAEC 2024

Use the following information to answer this question.  
                                                                         D  
Purchases of motor van                              370,000  
Building of laboratories                              760,000  
Purchase of drugs                                       110,000  
Electricity                                                      26,000  
Repair of equipment                                     10,000

The capital expenditure is 

  • A. D 1.140,000.
  • B. D 1,130,000
  • C. D 870,000.
  • D. D 760,000.
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Correct Answer: Option B
Explanation

capital expenditure:  
= D 370,000+D 760,000  
= D 1,130,000  

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC offline past questions - with all answers and explanations in one app - Download for free