In p&l account where does miscellaneous expenses comes
- 10 Answers
- 20872 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / nitu mohatta
Misc expenses comes in assest side this is because they
needs to be wriiten off from p n l account on year to year
basis.
Explanation:
if there debit balance in P/L account due to misc expenses
then assest side will show pnl debit balance which can be
replaced by misc. expenses and then on yer to year basis it
will be wriiten off fron pnl a/c.
Thanks
| Is This Answer Correct ? | 24 Yes | 5 No |
Answer / rajesh
I think miscellaneous expenses comes in balancesheet under
assets side
| Is This Answer Correct ? | 20 Yes | 10 No |
Answer / arman ali
P/L account is a nominal account, and according the golden
rules in nominal account all expenses and losses should be
debited & all incomes and gains are credited. therfore
miscellaneous expenses should be debited.
| Is This Answer Correct ? | 9 Yes | 3 No |
Answer / aarav
miscellanious expenditure will not come in P/L,it will come
in balancesheet asset side
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / neeraj
Misc Expences is asset item of the balance sheet.Misc
expences are written off,but not in the same year in which
it has incurred,though it is written off in installment
decided by managment.And debited ot P & L account each year.
Misc expences are included in asste because these are
capital expences for the long term economic gain.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / ankur
Mis. Exp comes at Debit side of P&L A/C under loss side.
| Is This Answer Correct ? | 9 Yes | 6 No |
Answer / aurosnigdha bose
In p/l a/c miscallaneous expenses comes in debit side
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / satyaki_raju@yahoo.com
Miscellaneous expenses will be placed in debit side of
Profit and Loss account. As some body says it is not a
miscellaneous expenses asset to be placed under assets side
of balance Sheet
| Is This Answer Correct ? | 4 Yes | 3 No |
Answer / nisar sufikhan
Miscellaneous expenses are petty expenses which every company incurres on day to day business. It is posted as a miscellaneous expense because some of the small expenses which cannot be posted using the specific headings.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / netravati
In p&l account miscellaneous expenses comes under loss side.
| Is This Answer Correct ? | 8 Yes | 11 No |
I know that rate of stock turnover = cost of goods sold/ average of stock. average of stock = (opening stock + closing stock)/ 2 what happens if it is a new business with no opening stock? do u take closing stock/2 or simply just take closing stock as the average stock figure?
What is the difference btwn "Sales" and "Turnvoer".
The primary record of a credit purchase of a fixed asset is made in---------
How do you handle lack of direction or working in chaos
Diiference between Cash & Mercantile System
I want to know with example of vat & Salestax
What are the things are not Included in Annual Reports?
whether securities premium includede in calculation of Net Worth.
what is interest on capital
What is US GAAP?
what amounts to appropriation of profits? When provision for taxation does not amount to appropriation of profits?
Plz Tell Me the WHole knowlege Of Accounts,Wht Accounts Wht all taxes pzz Plz
Audit 
