Use the following information to answer the given question Kudi Local Government Council incurred the following expenditure in 1995: \(\begin{array}{c|c} & ...

Assessment: WAEC SSCE - Financial Accounting - 1997 (Objective) Subject: Financial Accounting

Question 1 Report

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 revenue expenditure for 1995 was

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