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WAEC Accounting 2013 Paper

Question : 31

Total: 48

\& \text{Le}

\text{---}

\; \text{Fines} \; \& 20,000

\; \text{Market rates} \; \& 120,000

\; \text{Salaries} \; \& 60,000

\; \text{Maintenance of vehicles} \; \& 49,000

\; \text{Park collections} \; \& 100,000

The total expenditure for the period is

Solution:

Concept:

Expenditure includes only costs like salaries and maintenance, not income items such as fines or park collections.

Explanation:

From the list, salaries and maintenance of vehicles are expenditure items.

Salaries

= 60,000

Maintenance of vehicles

= 49,000

Add them together:

60,000 + 49,000 = 109,000

Answer:

Le 109,000 (Option D)

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