The amount by which assets exceed specific liabilities is called

Accounts - Principles of Accounts WAEC 2001

The amount by which assets exceed specific liabilities is called

  • reserve checkmark
  • provision
  • premium
  • bonus

The correct answer is: A

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment