Question on: WAEC Accounting - 1998
Use the following information to answer the given question
\(\begin{array}{c|c} & N \ \hline \text{Construction of classrooms} & 500,000\ \text{Purchase of tablets and chairs} & 50,000 \ \text{Purchase of textbooks for library} & 40,000 \ \text{Annual inter-house sports competition} & 20,000 \ \text{Payment of teachers salary} & 80,000
\end{array}\)
Capital expenditure for the year was
\(\begin{array}{c|c} & N \ \hline \text{Construction of classrooms} & 500,000\ \text{Purchase of tablets and chairs} & 50,000 \ \text{Purchase of textbooks for library} & 40,000 \ \text{Annual inter-house sports competition} & 20,000 \ \text{Payment of teachers salary} & 80,000
\end{array}\)
Capital expenditure for the year was
A
N690,000
B
N590,000
C
N500,000
D
N140,000
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Correct Option: B
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