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.
Departments K Y Opening 2,500 800 Purchases 120,000 100,000 Sales 180,000 200,000 Salary 8,000 3...
Given: Light expenses...................N400 Purchases........................N3,000 Sales..........
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Provision for depreciation on office furniture is charged to ...
\(\begin{array}{c|c} & N \\ \text{Debtors (1/1/98)} & 2,000 \\ \text{Debtors (31/12/98)} &am...
The total of the sales journal is posted to the ...
If stationery bought for N200 has been entered as N2000. To correct this error? ...