The expenditure on a good or service which is consumed either immediately or within a current accounting government?

  • A annual expenditure
  • B budgetary expenditure
  • C capital expenditure
  • D recurrent expenditure
waec 2001accounting

The correct answer is D. recurrent expenditure

The expenditure on a good or service which is consumed either immediately or within a current accounting period is known as Recurrent Expenditure.

Recurrent expenditures are often contrasted with capital expenditures, which are longer-term investments.

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