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In p&l account where does miscellaneous expenses comes
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Answer Posted / 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.
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