When revenues are higher than expenditures in a budget, that budget shows a deficit. is in balance. must be discarded. shows a surplus.

The correct answer is "it shows a surplus." Surplus occurs when you have more revenues than expenditures, more receipts than disbursements, or more assets than liabilities. It is, in other words, an excess or a superabundance. The word comes from the Latin word superplus (literally "over" and "more").

When revenues are higher than expenditures in a budget, it depicts a surplus.

This is defined as an estimation of revenue and expenses over a given period of time.

In a situation where the revenue is higher than the expenditure in a budget, we can infer that is surplus as more funds are available for its execution.

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