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:Excess of current assets over current liabilities is?The excess of current assets over current liabilities is?Total assets minus current liabilities is equal to a…The process whereby a firm buys over the assets and…Dried cassava should not exceed 50% of the total…