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




Answers were Sorted based on User's Feedback



Answer / anshul

Miscellaneous expenses are shown in asset side of the
balance sheet after current assets loans and advances

Is This Answer Correct ?    96 Yes 39 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 ?    35 Yes 11 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 ?    23 Yes 13 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 ?    21 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 ?    4 Yes 2 No

Answer / aaaa

which is the expenses like

Is This Answer Correct ?    8 Yes 7 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 ?    2 Yes 2 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 ?    8 Yes 9 No

Answer / varadharajan

Can driver bata should be posted under which head of the expenses accounts

Is This Answer Correct ?    0 Yes 1 No

Answer / siddharth

Miscellaneous expense are costs that are grouped together as an account in the general ledger because of a lower monetary value.In other words it is incidental expenseof 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 and does not seem appropriate, consider opening a new account to capture the expenses.Examples (depending on each individual entity) may include travel expenses, expenses for business consultations, and appraisals to determine a casualty loss, meals.

Is This Answer Correct ?    0 Yes 1 No

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