Miscellaneous expenses

Miscellaneous expenses,

Definition of Miscellaneous expenses:

  1. A column on an accounting ledger or a category of business expenses for expenses that dont fit into any other itemized expense on a tax return. This category is best used very sparingly in accounting, and only a small percentage of these expenses are actually tax deductible (examples of deductions, which may be deductible: bank overdraft costs, union dues).

Meaning of Miscellaneous expenses & Miscellaneous expenses Definition