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

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?

  • N10,000m checkmark
  • N12,000m
  • N90,000m
  • N11,000m

The correct answer is: A

Explanation

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