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.
An item that would be classified as preliminary expenses in a company's account is ...
Zazzau Company: Cash in hand................N50 Cash in bank................N1,250 Stock..........
One of the purposes of maintaining the account of a branch at the head office is to? ...
i. Direct materials ii.Direct labour iii.Direct expenses iv. Factory expenses Prime cost consi...
GH⊄ Sales 200000 Purchase 170000 ...
Use the information to answer the given question. \(\begin{array}{c|c} & D\\ \text{Opening ...
\(\begin{array}{c|c} & Dr & Dr & \text{Balance}\\ \hline & ₦ & ₦ & ₦ \...
\(\begin{array}{c|c} & N \\ \hline \text{Fixed assets} & 12,000 \\ \text{Current assets} &am...
The ware and tear of a fixed assets of a company which is chargeable to company’s financial st...