When the purchase consideration is lower ttan the net ass...
When the purchase consideration is lower ttan the net asset, the buyer has gained the advantage of
Capital reserve
Revenue reserve
Net income
Net loss
Correct answer is A
Capital Reserve is a type of profit that is earned on capital transactions - an example would be the profit arising from the forfeiture of shares, sales of assets etc
An example of a real account is ...
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Use the following information to answer the given question, \(\begin{array}{c|c} & N\\ \hli...
Benefit enjoyed for which payments have not been made are? ...
Books of account are opening by means of a ...
Given; Purchases = N20,000 Sales = N40,000 Carriage inwards = N5,000 Carriage outwards = N5,000 ...