Question

Credit side balance in Income & Expenditure Account reveals:
(A) Excess of cash receipts over payments
(B) Excess of cash payments over receipts
(C) Excess of expenditure over Income
(DYExcess of income over expenditure​

Answer 1

Answer:

credit side balance in income and expenditure account reveals is excess of expenditure over income

Answer 2

Credit side balance in the Income & Expenditure Account reveals (C) Excess of expenditure over income.

Excess of expenditure:

• Surplus is defined as the excess of income over expenditure.
• Excess expenditure amount relates to the number of funds spent or contractually obliged to be spent by a non - participating applicant in excess of the Fair Elections financing amount available to the ability to participate major candidate for the same office.
• A surplus is when you have more of anything than you need or intend to use.
• For example, if you cook a meal and there is food leftover after everyone has eaten, you have a surplus of food.