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 detailed than…The income and expenditure account differs from…At the year end, the purchases ledger showed a debit…A tax system in which the rich pays a higher…Which of the following is a credit item in an income…