In a not-for-profit making organization, when the total income is less than the total expenditure, the difference is a
Answer Details
When the total income is less than the total expenditure in a not-for-profit organization, the difference is a "deficit". This means that the organization has spent more money than it has earned. The deficit represents the amount of money that the organization is short and needs to cover in order to balance its accounts. It is important for the organization to address the deficit in order to maintain its financial stability and ensure its continued operation. The deficit can be addressed through various means such as fundraising, cost-cutting measures, or seeking additional sources of revenue.