Non Profit Accounting

Step 1: Recall the definition.
In a 'Not for Profit Concern', if the income exceeds the expenditure, it results in a surplus, unlike a profit in a profit-making organization.

Step 2: Evaluate the options.
- Deficit: Occurs when expenditure exceeds income. - Profit: A surplus in a for-profit organization. - Surplus: Correct answer, as it indicates excess income over expenditure in non-profit organizations. - Loss: Occurs when income is less than expenditure.

Step 3: Conclusion.
Therefore, the correct term is Surplus.

Final Answer: