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प्रश्न
If the total of ______ side is greater than the total of ______ side, it is called ‘surplus’ or ‘excess of income over expenditure’.
पर्याय
Debit, credit
Credit, debit
Credit, credit
Debit, debit
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उत्तर
If the total of credit side is greater than the total of debit side, it is called ‘surplus’ or ‘excess of income over expenditure’.
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संबंधित प्रश्न
______ depicts the capital fund of the organization.
The closing balance of this account shows surplus/deficit ______.
How will Income and Expenditure account benefit a non-trading sports organisation?
It is a summary of all incomes and expenses of the current accounting year. It is prepared to know the surplus or deficit during the accounting year.
The closing balance of this Account shows surplus or deficit for the year.
This account is equivalent to the Profit and Loss Account of a business concern.
On the other hand, if the total of ______ side is greater than the total of ______ side, it is known as 'deficit' or 'excess of expenditure over income'.
Explain the term surplus in Income and Expenditure Account.
What is Income and Expenditure Account?
Distinguish between Receipt and Income.
