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What do you mean by miscellaneous assets?

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What do you mean by miscellaneous assets?
posted Jun 14, 2017 by Tanmay

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Misc. Asset means asset which is not covered under the classification of Fixed Assets as per accounting standard misc-assets which are not shown in profit and loss account for example preliminary expenses . these expenses are kept at the beginning of the company. Other assets are miscellaneous assets that cannot be classified as current assets, fixed assets, or intangible assets.

answer Jun 14, 2017 by Purabi Sarkar