asked 49.3k views
2 votes
What account is debited to record the bank service charges for a usual company?

A. Online expense
B. Miscellaneous expense
C. Cash expense
D. Debit expense

asked
User Agnoster
by
7.9k points

1 Answer

6 votes

Answer:

B.

Step-by-step explanation:

The miscellaneous expenses are described by IRS as expenses that do not come under the rubric of specific tax categories. These are small transactions that are not specified in the ledger's account.

The Bank service charges are written as miscellaneous expenses or Bank Service Charges in the account. It is written in the debit or the expenses column.

Therefore, option B is correct.

answered
User Sparkplug
by
8.0k points
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