What is the opening balance on the consolidated revenue fund account?

By: |Published on: Dec 8|Categories: Accounting JAMB| 0 comments

Given:

Balance at 31st December …………N14,744m

Treasury Bills issued Jan-Dec……..N7124m

Revenue for the year …………….N6387m

Expenditure …………………….N8767m

A. N10,000m
B. N12,000m
C. N90,000m
D. N11,000m

Correct Answer:

Option A – N10,000m

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