what are Miscellaneous expenses? where it posted ?give with
example and why it is call miscellaneous expenses
- 14 Answers
- 67659 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / siddharth
Miscellaneous expense are costs that are grouped together as an account in the general ledger because of a lower monetary value.In other words it is incidental expenseof a business, not classified as manufacturing, selling, or general and administrative expenses. It is presented on an income statement after operating income. Miscellaneous expenses are immaterial and does not seem appropriate, consider opening a new account to capture the expenses.Examples (depending on each individual entity) may include travel expenses, expenses for business consultations, and appraisals to determine a casualty loss, meals.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / kc
miscellaneous expenses are those expenses which cannot be
categorized as other expenses account. this is not posted
in asset side of the balance sheet. the first answer is
wrong. it is posted as a liability from the word
itself "EXPENSES". an example is expenses of pastime
activities provided to employees like going to cinema,
offering flowers during special occasions.. those are
minimal expenses.
| Is This Answer Correct ? | 11 Yes | 14 No |
Answer / vijay
miscellaneous expenses are those expenses which cannot be
categorized as other expenses account. this is not posted
in asset side of the balance sheet. the first answer is
wrong. it is posted as a liability from the word
itself an example is expenses of pastime
activities provided to employees like going to cinema,
offering flowers during special occasions.. those are
nominimal accounts
| Is This Answer Correct ? | 1 Yes | 9 No |
Answer / preeti
Mis expenese are of revenue nature. this is shown on the
liab side.
| Is This Answer Correct ? | 9 Yes | 58 No |
What is Compliance?
Received from Krishna Murthy Rs 26500/- in full settlement of due Rs 30000/-. Pass entry
What is meant by the Ficititious Assets?
category of acccount
I am completed MBA finance & Mcom, I had 8 years experience in accounts field. I am interested in software. can shift my in software. whcih course i select
What is the difference between balance sheet and profit and loss account?
i m a student of icwai just passed out my foundation exam nd i wanna know whether it is necessary to 1st go for group 1 of intermediate or group second can also be taken 1st..
Expand ------AIMPLB
What is the Entry for Call in arrears?
Expand F I P B
with out college degree con't we dc accounting job?
which kind of expenses or Income will come under direct expenses or Income ?
Audit 
