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

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

A N10,000m

B N12,000m

C N90,000m

D N11,000m

Answer is A

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