Use the following information to answer the giv... - WAEC Accounting 1997 Question
Use the following information to answer the given question
Kudi Local Government Council incurred the following expenditure in 1995:
\(\begin{array}{c|c} & N \ \hline \text{Payment of salaries} & 140,000 \ \text{Purchase of drugs for dispensaries} & 80,000 \ \text{Purchase of books for Library} & 30,000 \ \text{Sinking of wells} & 70,000 \ \text{Extension of Council offices} & 160,000 \end{array}\)
The amount of capital expenditure for 1995 was
Kudi Local Government Council incurred the following expenditure in 1995:
\(\begin{array}{c|c} & N \ \hline \text{Payment of salaries} & 140,000 \ \text{Purchase of drugs for dispensaries} & 80,000 \ \text{Purchase of books for Library} & 30,000 \ \text{Sinking of wells} & 70,000 \ \text{Extension of Council offices} & 160,000 \end{array}\)
The amount of capital expenditure for 1995 was
A
N260,000
B
N230,000
C
N220,000
D
N160,00
correct option: b
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