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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 Posted / 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 |
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Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.
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