If the total of debit side of the income and expenditure account is more than the total of credit side, it is called

Keep practicing — related questions

• The credit balance in the income and expenditure account indicates
• The side that an account increases on is called the?
• If the income shown in the income and expenditure account for entrance fees is Rs. 24,000 and 60% of the en...
• If the amount of interest on 12% investment shown as income in income and expenditure account is Rs. 2400, ...
• A heavy expenditure of revenue nature, which affects the generation of income over a number of years, is ca...
• Which of the following transactions are recorded in the income and expenditure account?
• Which of the following transactions is ignored in the income and expenditure account?
• A customer deposits some money in his deposit account with the bank but forgets to provide complete particu...