Which of following is a recurrent expenditure i... - WAEC Accounting 2013 Question
Which of following is a recurrent expenditure in public sector accounting?
A
purchase of vehicles
B
purchase of drugs
C
construction of bore holes
D
construction of buildings
correct option: b
Recurrent expenditure on goods and services is expenditure, which does not result in the creation or acquisition of fixed assets (new or second-hand). It consists mainly of expenditure on wages, salaries and supplements, purchases of goods and services and consumption of fixed capital (depreciation).
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