What is the consolidated revenue fund balance?

Given:

(i) the consolidated revenue fund balance b/d ….. N650 000
(ii) issue from contingency fund amount to ………….N240 000
(iii) amount transferred to contingency fund is …..N210 000

A. N1, 100 000
B. N680 000
C. N440 000
D. N410 000

Correct Answer:

Option B – N680 000