Given:

Balance at 31st December ............N14,744m

Treasury Bills issued Jan-Dec........N7124m

Revenue for the year ................N6387m

Expenditure .........................N8767m

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

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

The correct answer is A. N10,000m

No explanation given
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