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…The income and expenditure account differs from…In a not-for-profit making organization, when the…A business extracted its trial balance and…A debit entry in the cash account and a…