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Question
Excess of income over Expenditure is termed as ________. (Fill in the blank by choosing the correct option) a) deficit b) profit c) surplus d) loss
Excess of income over Expenditure is termed as ________. (Fill in the blank by choosing the correct option) a) deficit b) profit c) surplus d) loss
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Solution
Excess of income over Expenditure is termed as surplus. Hence the correct answer is an option (c)
Excess of income over Expenditure is termed as surplus. Hence the correct answer is an option (c)
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