JAMB - Accounts Principles Of Accounts (2024 - No. 62)
Ifedapo Local Council has the following details for 2008
| # | |
| Fines | 5000 |
|
Allocation from state government |
20000 |
|
Tenement rates |
10000 |
|
Licences |
12000 |
|
Hospital beds |
8000 |
|
Ambulance |
13000 |
|
Salaries |
15000 |
|
Vehicles fueling |
7000 |
The council's expenditure for the year was
#43,000
#35,000
#30,000
#22,000
Explanation
Expenditure:
#15,000 (Salaries) + #7,000 (Vehicles fueling)
= #22,000
Note that the question is only asking for expenditure and not capital or recurrent expenditure.
#15,000 (Salaries) + #7,000 (Vehicles fueling)
= #22,000
Note that the question is only asking for expenditure and not capital or recurrent expenditure.
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