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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 / 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 |
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