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.

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