Question

21. Business is said to be in a profit
under
O Expenditure exceeds income
O Income exceed expenditure
O Income exceeds liability
O
Assests exceeds expenditure​

Answer 1

Answer:

2. Income exceed expenditure

Explanation:

When income exceeds expenditure (your income is more than your expenses) then it is called a surplus. when expenditure exceeds income (your expenses are more than your income) then it is called a deficit or shortfall. ... Fixed income is an amount of money a person receives, which does not change with time.