Register now or log in to join your professional community.
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 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 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.
Miscellaneous are items of low value which can not be written separately in books of accounting....
Coffee expenses, Disposable glasses, MS Office disc, Staples etc
Agree with above answer..........................
Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.