Question

___ is the miscellaneous non -sale income account​

Answer 1

Answer:

When any amount received by a firm which can not be classified under some specific account head, that receipt will booked under miscellaneous income. In other ways, the amount of receipt which is not of repeated nature, can be shown under miscellaneous income. For example:- dividend received, display charges received, incentives received for a special achievement, special awards received, income from lotteries etc. For control purpose the separate account heads can be opened for some specific income.