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Answer in one sentence only. What is Surplus? - Book Keeping and Accountancy

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प्रश्न

Answer in one sentence only.

What is Surplus?

एक पंक्ति में उत्तर
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उत्तर

Excess of income over expenditure shown by the Income and Expenditure Account represents a surplus for the financial year.

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अध्याय 2: Accounts of ‘Not for Profit’ Concerns - Exercise 2.1 (Objective Type Questions) [पृष्ठ ११३]

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बालभारती Book-Keeping and Accountancy [English] Standard 12 Maharashtra State Board
अध्याय 2 Accounts of ‘Not for Profit’ Concerns
Exercise 2.1 (Objective Type Questions) | Q 1. E) 8. | पृष्ठ ११३
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