Question on: JAMB Accounting - 2024
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 was
A
#28,000
B
#21,000
C
#20,000
D
#13,000
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Correct Option: B
The council's expenditure includes:
- Salaries: 15,000
- Vehicles fueling: 7,000
- Hospital beds: 8,000
- Ambulance: 13,000
Total Expenditure = 15,000 + 7,000 + 8,000 + 13,000 = 43,000
Total Revenue = 5,000 + 20,000 + 10,000 + 12,000 = 47,000
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