Accounts - Principles of Accounts
JAMB 2002
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
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B.
N12,000m
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C.
N90,000m
-
D.
N11,000m
Correct Answer: Option A
Explanation
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