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:The process whereby a firm buys over the assets and…In a non-profit making organisation, the excess of…The difference between current assets and current…Total assets minus current liabilities is equal to a…The excess value of the assets of a business over…