An excess of the value of the assets over the purchases c...
An excess of the value of the assets over the purchases consideration for acquisition of business is credited to
General reserve
Capital reserve
Goodwill
Current asset
Share capital
Correct answer is B
No explanation has been provided for this answer.
Given: Drawings - #3,500 Net loss - #2,500 Capital 1/1/2007 - #35,000 Additional capital - #10...
Branch stock adjustment account is prepared at? ...
Given: N6 000 10% preference shares of N0.50 each N6 000 ordinary shares of N1 each Capital res...
A debit balance of N420 on the purchases ledger control account means that the ...
Which of the following is not a unit of the computer? ...
A typewriter for office use sold for N5,000 was posted to sales account. This is an error of a ...
\(\begin{array}{c|c} & N \\ \hline sales & 45,000 \\ \text{Opening stock} & 20,000 \\ \t...
On dissolution, the final distribution of cash to partners is based on? ...
Goods returned by the buyer is recorded in the seller's book as ...