Accountancy, asked by Njithisha9852, 5 months ago

Miscellaneous expenses is debit or credit in profit and loss account

Answers

Answered by Harshita504
0

Miscellaneous expenses belong to nominal accounts since they are expenses. Cash belongs to real account since they are assets. Accounting to golden rules of nominal accounts, all expense and loss should be debited and for real account, debit is what comes in and credit is what goes out.

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