An excess of the value of the assets over the purchases consideration for acquisition of...

Accounts - Principles of Accounts

WAEC 1993

An excess of the value of the assets over the purchases consideration for acquisition of business is credited to

A. general reserve
B. capital reserve
C. goodwill
D. current asset
E. share capital

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Correct Answer: Option B

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An excess of the value of the assets over the purchases consideration for acquisition of...

Correct Answer: Option B

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