The amount by which assets exceed specific liabilities is called? by Sunday | Jun 5 | Accounting WAEC | 0 comments A. reserve B. provision C. premium D. bonus Correct Answer: Option A A. reserve Users Also Read These:Accounting term used to describe the excess of…In a non-profit making organisation, the excess of…Excess of current assets over current liabilities is?The excess value of the assets of a business over…The excess of current assets over current liabilities is?