Use the following information to answer this question Kudi Local Government Council incurred the following expenditure in 1995: N Payment of salaries 140,00...

Answer Details

The revenue expenditure is the amount of money spent on the day-to-day running of an organization or business, including items such as salaries, supplies, and maintenance expenses. In this case, the revenue expenditure incurred by Kudi Local Government Council in 1995 is the sum of the payments made for salaries, drugs, and books. Therefore, the revenue expenditure for 1995 is: Revenue expenditure = Payment of salaries + Purchase of drugs for dispensaries + Purchase of books for Library Revenue expenditure = 140,000 + 80,000 + 30,000 Revenue expenditure = 250,000 Therefore, the correct answer is N220,000.