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Surplus budget is when actual receipts exceeds estimated expenditures.
  • a)
    True
  • b)
    False
  • c)
    Partially true
  • d)
    Incomplete statement
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Surplus budget is when actual receipts exceeds estimated expenditures....
False

Explanation:
A surplus budget occurs when estimated receipts exceed estimated expenditures, not when actual receipts exceed estimated expenditures. Therefore, option B is the correct answer.
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Community Answer
Surplus budget is when actual receipts exceeds estimated expenditures....
Surplus budget is the state where estimated receipts exceeds estimated expenditure.
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Surplus budget is when actual receipts exceeds estimated expenditures.a)Trueb)Falsec)Partially trued)Incomplete statementCorrect answer is option 'B'. Can you explain this answer?
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