Where the debit side of the income and expenditure account is higher than the credit side; the difference is a? By: Sunday|Published on: Dec 7|Categories: Accounting JAMB| 0 comments A. deflicit B. surplus C. gain D. loss Correct Answer: Option A – deflicit Users Also Read These:Which of the following is found on the credit side…Which of the following items is found on the credit…The item on the credit side of the purchases ledger…Which of the following is not an item on the credit…At the year end, the purchases ledger showed a debit…SEE ALSO In the trading and profit and loss account of a manufacturing organization; purchases is?