Multiple Choice Questions on Credit side balance in Income amp Expenditure Account reveals ........ for Commerce 12th Preparation

Accountancy ( 12th)

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Study Notes

    Credit side balance in Income & Expenditure Account reveals :

    Excess of cash receipts overpayments

    Incorrect Answer

    Excess of cash payments over receipts

    Incorrect Answer

    Excess of expenditure over income

    Incorrect Answer

    Excess of income over expenditure

    Correct Answer
    Explanation:

    Excess of income over expenditure


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