Question

Excess of expenditure over income. Answer in a word / phrase / term.

Answer 1

Hey mate ✌️✌️


Excess of expenditure over income.


ANSWER ⏬⏬⏬⏬,


BUSINESS DEFICIT.

Answer 2

Answer:

It is called as Deficit.

Explanation:

Excess of expenditure over income is known as deficit.

When an institution or government spends more than the revenue earned then the institution is said to have deficit in its account. On the other hand if an institution earns excess of profit over the expenditure, it is known as surplus in the account of the institution.

Basically, the extra or excess debit by an institution is known as Deficit whereas excess revenue is referred to as surplus.