Question

Credit side balance in the Income and Expenditure Account reveals:

पर्याय

• Excess of cash receipts over payments

• Excess of cash payments over receipts

• Excess of expenditure over income

• Excess of income over expenditure

Answer 1

Excess of income over expenditure

Explanation:

In the Revenue and Expenditure Account, the credit side balance displays an excess of income over expenditure or surplus.