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Given: Balance at 31st December ............N14,744m Treasury Bills issued ...

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?
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  • A N10,000m
  • B N12,000m
  • C N90,000m
  • D N11,000m
Correct Answer: Option A
Explanation:

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