The purchase consideration that is lower than the net ass...
The purchase consideration that is lower than the net asset implies that, the buyer has gained the advantage of
Net income
Revenue reserve
Capital reserve
Net loss
Correct answer is C
Capital reserve is derived from the accumulated capital surplus of a company, created out of capital profit.
Prepayment is treated in the balance sheet of firm as a ...
\(\begin{array}{c|c} & D\\ \hline \text{Construction of classrooms} & 500,000\\ \text{Sinkin...
Lighting..................N2925 Rent......................N2640 Salary....................N4050 ...
The payee of a cheque is the ...
Accounts of fixed assets are kept in the ...
Given: I. Settlement of debts II. Cessation of business III. Introduction of assets...
\(\begin{array}{c|c} & N \\ \hline sales & 45,000 \\ \text{Opening stock} & 20,000 \\ \t...
Given: Capital at the beginning...............N20000 Drawings.............................N3000 C...