Which of the following is NOT one of the three classes of expenditure incurred by local authorities?
A) Public expenditure
B) Current expenditure
C) Capital expenditure
D) Revenue expenditure

Question

Quizplus · Accepted Answer

The three classes of expenditure incurred by local authorities are current expenditure, capital expenditure, and revenue expenditure. Public expenditure is a broader term that includes all types of government spending at all levels, including local, regional, and national. Therefore, option A is not one of the three classes of expenditure specific to local authorities.

Which of the Following Is NOT One of the Three