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:If incorrect entries on the debit side equal other…At the year end, the purchases ledger showed a debit…A tax system in which the rich pays a higher…In a not-for-profit making organization, when the…Which of the following is a credit item in an income…