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what are Miscellaneous expenses? where it posted ?give with
example and why it is call miscellaneous expenses
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Answer / anshul
Miscellaneous expenses are shown in asset side of the
balance sheet after current assets loans and advances
| Is This Answer Correct ? | 111 Yes | 42 No |
Answer / alisha
Miscellaneous expenses are the petty expenses, which every
business incurr in their day to day transaction, these could
be refreshment expenses, conveyance, postage etc. for
accounting these expenses are generally debited to single
account i.e. miscellaneous or sundry expenses account which
record all these petty expenses.
Miscellaneous small or infrequent costs that are not
assigned to individual ledger accounts but are classified as
a group.
Incidental expense of 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. A
more precise designation or separate accounting for them
results in a cost greater than the benefit received.
| Is This Answer Correct ? | 39 Yes | 13 No |
Answer / ramesh
MISCELLANEOUS EXPENSES ARE EXPENSES WHICH CANNOT BE WRITTEN
SEPARETALY IN P&L THEREFORE WRITTEN JOINTLY FOR EG TEA
EXP,COFFE EXP,WHICH IS JOINTLY WRITTEN SA MISC EXP, MISC
EXP IS DIFF FROM MISC EXPENDITURE THE ABOVE ANS ARE WRONG.
| Is This Answer Correct ? | 25 Yes | 15 No |
Answer / vikas
miscellaneous expenses are the small expenses such as coffee
so it is recorded in the assess side under the head
miscellaneous expenses .
| Is This Answer Correct ? | 23 Yes | 15 No |
Answer / mb khara
Miscellaneous expense are the minor expense,which every business incur in their day to day transaction,like Office refreshment,office water refilling,coffee etc,and the record of miscellaneous expense on the asset side of balance sheet,after the fixed and current asset.
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / varadharajan
Can driver bata should be posted under which head of the expenses accounts
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / rakesh murjhani
Misc. expenses are nothing but sundry expenses itself and they are expenses which can't be given a separate ledger account and are clubbed together under one heard "Misc. Expenses" umm you can read more about it here...
http://www.accountingcapital.com/expenses/what-are-sundry-expenses/
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / lubna
Miscellaneous expenses and incomes are the very small amounts.
miscellaneous expense is recorded in debit side of PROFIT&LOSS account and miscellaneous income is recorded in credit side of PROFIT&LOSS ACCOUNT.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / p.saranya
miscellaneouse expenses is a expenses. it comes under the
asset side of the balance sheet under the head of
preliminary expenses after the current assets and loans and
advances.
| Is This Answer Correct ? | 9 Yes | 9 No |
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