The final balancing amount of Income and Expenditure Account, represents either Surplus or deficiency. Agree Disagree
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Answer:
agree
Explanation:
Answered by
0
Answer:
Explanation:
The balances represent either surplus or deficit
if the expendeture side is totalled more than the income side the result is
deficit
if the income side is totalled more than the expendeture side the result is surplus
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