What is credit balance of the Income-Expenditure Account?(a) Excess of – InterviewSolution

1.	What is credit balance of the Income-Expenditure Account?(a) Excess of Income over Expenditure(b) Excess of Expenditure over Income(c) Opening cash / Bank balance(d) Closing cash/Bank balance.
Answer» Correct option is (a) Excess of Income over Expenditure

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