The excess of assets over liabilities in non-trading concerns is treated as—

Related MCQs

• The excess of assets over liabilities in non-trading concerns is termed as: Sol:
• In non – profit organizations excess of assets over liabilities is called
• The excess amount which the firm can get on selling its assets over and above the saleable value of its assets is called Sol:
• If the Assets of A ltd having Book Value of Rs 10,00,000 are taken over at Rs 15,00,000 and Liabilities having a book value of Rs 5,00,000 are taken over at Rs 4,00,000 than Purchase Consideration payable would be
• Long term assets being `3,00,000, current Assets `80,000, outside liabilities `1,20,000. Find owners equity-
• Excess of current asset over current liabilities is known as _________ capital
• If two or more company come together and form anew company which takes over the assets and liabilities of the vendor companies it is called as
• Net worth of an organization means the excess of its total assets over total:
• A Statement of assets and liabilities prepared under the single entry system is called:
• The fundamental accounting equation Assets = liabilities is the formal expression of