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 not an item on the credit…The item on the credit side of the trading account is the?Which of the following item is found on the credit…Which of the following is an item in the debit side…Which of the following is found on the credit side…SEE ALSO If the float is increased to N1200; how much should the petty cashier receive after period 2?