Recurrent expenditure are expenses for the period not exceeding
Options
A) 10 years
B) 5 years
C) 2 years
D) 1 year >>>>>>>>>>
The correct answer is D.
N.B
Recurrent expenditure refers to all payments other than for capital assets, including on goods and services, (wages and salaries, employer contributions), interest payments, subsidies and transfers. Capital expenditure, on the other hand refers to payments for acquisition of fixed capital assets, stock, land or intangible assets.
Recurrent expenditure are expenses for the accounting period not exceeding one year.
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