Given: Balance at 31st December ............N14,744m Treasury Bills issued Jan-Dec........N7124m Revenue for the year ................N6387m...

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

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Correct Answer: Option A

Explanation

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