👉 Mischarges is a legal term used in accounting to describe an error where a person or entity has incorrectly recorded income or expenses. It refers to situations where there are discrepancies between what was actually earned and what was reported to be paid, which can lead to financial penalties and potential legal issues. Mischarges can occur for a variety of reasons, such as misstated income, accounting errors, or even fraud. In some cases, mischarges may result in fines or imprisonment if the error is discovered during