Which of the following items is classified as capital expenditure in public sector accounting?
FINANCIAL
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
Correct Answer: B. Construction works's cost
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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