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प्रश्न
Write one Word / Term / Phrase for the following statement.
Excess of expenditure over income
एक शब्द/वाक्यांश उत्तर
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उत्तर
Deficit
Explanation: When the expenditure side of the Income and Expenditure Account exceeds its income side, we have deficit. In case of profit seeking entities, it is termed as loss (ascertained from Profit and Loss Account).
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