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Question
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'.
Options
Debit, credit
Credit, debit
Credit, credit
Debit, debit
Solution
On the other hand, if the total of debit side is greater than the total of credit side, it is known as 'deficit' or 'excess of expenditure over income'.
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