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

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