by: Admin_LouisPosted on:

The amount by which assets exceed specific liabilities is called

The amount by which assets exceed specific liabilities is called
a) Reserve
b) Provision
c) Premium
d) Bonus

Related posts:

  1. Taiwo is a sole trader who keeps his petty cash on the imprest system, the imprest amount being #4,000. The following transactions took place for a particular month:
  2. Which of the following explains the short term solvency of a company?
  3. Which of the following is a fictitious asset?
  4. A subsidiary record is a book

Leave a Reply

MEET OVER 2000 NOUN STUDENTS HERE. 

Join us for latest NOUN UPDATES and Free TMA answers posted by students on our Telegram. 

OUR ONLINE TUTORIAL CLASS IS NOW ON!!! JOIN US NOW. 
JOIN NOW!
close-link
%d bloggers like this: