Home » Accounts (Principles of Accounts) » The amount by which assets exceed specific liabilities is calledThe 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 Correct Answer: Option A Explanation Related Posts Which of the following is the basis of accounting in the Civil Service? A trading account is prepared to disclose the Mayana Corporation uses special journals to record its transactions. If one of Mayana’s customers returns… In the absence of a sales day book or sales account the credit for sales… The accounting concept which states that expenditure involving insignificant amounts should be regarded as expenses… Use the information below to answer questions 9 and 10. The Assets and liabilities of…
Mayana Corporation uses special journals to record its transactions. If one of Mayana’s customers returns…
The accounting concept which states that expenditure involving insignificant amounts should be regarded as expenses…
