Use the following information, \(\begin{array}{c|c} & D\\ \hline \text{Construction of classrooms} & 500,000\\ \text{Sinking of boreholes} & 100,000\\ \text...

Assessment: WAEC SSCE - Financial Accounting - 2008 (Objective) Subject: Financial Accounting

Question 1 Report

Use the following information,
\(\begin{array}{c|c} & D\\ \hline \text{Construction of classrooms} & 500,000\\ \text{Sinking of boreholes} & 100,000\\ \text{Staff salaries} & 150,000\\ \text{Electricity} & 14,000 \\ \text{Transport and travels} & 7000\\ \text{office expenses} & 9,000 \end{array}\)
Recurrent expenditure is
Answer Details
Recurrent expenditure refers to the regular and ongoing expenses incurred by an organization or government entity to maintain its day-to-day operations. In the given information, the expenses of staff salaries, electricity, transport and travels, and office expenses are examples of recurrent expenditure because they are incurred regularly and are necessary for the day-to-day operations of the organization. The total amount of these expenses is: 150,000 + 14,000 + 7,000 + 9,000 = D180,000 Therefore, the answer is option A: D180,000.

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