what are Miscellaneous expenses? where it posted ?give with
example and why it is call miscellaneous expenses
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Answer Posted / 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
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