Question on: JAMB Accounting - 2015
Which of the following is true in public sector accounting? Cost of assets is
A
depreciated on straight line method
B
expensed in the year of purchase
C
charged to federation account
D
depreciated on reducing balance method
Ask EduPadi AI for a detailed answer
Correct Option: B
In government account, assets are written off in their year of purchase.
Add your answer
Please share this, thanks!
No responses