What do you mean by miscellaneous assets?

For certain expenses when there are very few transactions due to which account heads can not be created then they are known as miscellaneous expenses. To meet up such expenses a general ledger account is created to keep a record of these infrequent transactions. It will become very difficult to keep an account of such transactions individually that's why all such transactions are kept under account of miscellaneous expenses. For example, small donation or charity amount, celebration or small party expenses or any other expenses which do not have any account head. In future if any of the miscellaneous expenses increases then it will come under a separate account.