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Questions and Answers
Failing to raise enough income in a given year is called a surplus. True or false?
Failing to raise enough income in a given year is called a surplus. True or false?
False
Charities refer to failing to raise enough income in a given year as a deficit. True or false?
Charities refer to failing to raise enough income in a given year as a deficit. True or false?
True
When there is a shortfall in income, it is termed as a gain. True or false?
When there is a shortfall in income, it is termed as a gain. True or false?
False
Excessive income in a given year is referred to as a loss. True or false?
Excessive income in a given year is referred to as a loss. True or false?
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