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An excess of the value of the assets over the purchases consideration for acquisition ...
Classroom
Accounts - Principles of Accounts Classroom
Waec
Waec 1993
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An excess of the value of the assets over the purchases consideration for acquisition of business is credited to
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
General reserve
B
Capital reserve
C
Goodwill
D
Current asset
E
Share capital
Show Answer
Show Explanation
Correct Answer:
Option B
Explanation:
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