Where the debit side of the income and expenditure account is higher than the credit side; the difference is a? by Sunday | Dec 7 | Accounting JAMB | 0 comments A. deflicit B. surplus C. gain D. loss Correct Answer: Option A – deflicit Users Also Read These:Income and expenditure account is more informative…Income and expenditure account is more detailed than…A cheque of #5000 paid to Sulieman had been…If incorrect entries on the debit side equal other…Adobaw extracted a trial balance on 31st December…