ADVANCED ACCOUNTING-EBOOK ACCESS
14th Edition
ISBN: 9781264157068
Author: Hoyle
Publisher: MCG
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Chapter 17, Problem 26P
To determine
Identify the correct option out of the given statements.
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Short qusetions?
a) The development budget of a municipality in Ghana includes expenditure on Feeder Roads, Schools and Water supply. The expenditure on roads, schools and water supply are in the ratio 7:15:2. If the expenditure on roads is GH¢28,000,000.00, Find the expenditure on; (i) Schools(ii) Water supply(iii) What is the total budget for these three projects
b) The cost of maintaining the municipality libraries is GH¢900,000.00 and this is met from the expenditure on schools. What percentage correct to three significant figures, of the expenditure on schools is spent on maintaining libraries.
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