Question

what is the debit balance of income expenditure account called?​

Answer 1

Answer:

6.2 K. N/a. Debit balance of an Income and Expenditure Account is deficit because it is the excess of expenditure over income.

Answer 2

Answer:

6.2 K. N/a. Debit balance of an Income and Expenditure Account is deficit because it is the excess of expenditure over income