if your expenses exceed your income, the bottom line of your income and expense statement will show a cash\n…
if your expenses exceed your income, the bottom line of your income and expense statement will show a cash\n a. deficit.\n b. excess.\n c. surplus\n d. inflow.
Answer
Answer:
A. a deficit
Brief Explanations:
When expenses exceed income, it results in a deficit, which is the short - fall amount shown on the bottom line of an income and expense statement.