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Question
If the total of ______ side is greater than the total of ______ side, it is called ‘surplus’ or ‘excess of income over expenditure’.
Options
Debit, credit
Credit, debit
Credit, credit
Debit, debit
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Solution
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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