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:Dried cassava should not exceed 50% of the total…Accounting term used to describe the excess of…The excess of current assets over current…Total assets minus current liabilities is equal to a…The difference between the total assets and total…