A sundry account is a business account where miscellaneous income is reported. This income is not generated by the sale of the company's products or services, but must be accounted for because it increases the company's overall profits and thus its net worth.
What are sundry expenses? Definition of Sundry Expenses. In accounting and bookkeeping, sundry expenses are expenses that are small in amount and rare in occurrence. For these rare and insignificant expenses, a company might use a general ledger account entitled Sundry Expenses for these items.. If any of the items recorded in Sundry Expenses begin to occur frequently and/or become significant ...
Definition: Sundry expenses are items or expenditures that are rare, amount to very little, or are relatively unimportant and therefore do not fit into a standard asset or expense category.You can think of this as a “miscellaneous” item that is too random or rare to fit into a category you would normally use to define it.
Sundry income is income generated from sources other than a company's normal income-generating business operations. This includes any income not generated by the sale of the company's products and ...
A sundry account is a corporate account typically used for recording miscellaneous items for which an appropriate account has not yet been established. Sundry accounts are usually temporary or in ...
SUNDRY ACCOUNT Definition. SUNDRY ACCOUNT is an account where miscellaneous items are recorded, e.g. infrequent transactions involving customers or suppliers that are not tracked in the normal course of business. Learn new Accounting Terms.
What is the meaning of sundry and sundry debtors? Definition of Sundry. Sundry can mean various, miscellaneous, or diverse.. Definition of Sundry Debtors. Sundry debtors could be referring to a company's customers who rarely make purchases on credit and the amounts are not significant.. Example of Sundry Debtors
What are sundry accounts? Sundry means "of various kinds"; "several". Accordingly, Sundry account refers to the account used to record miscellaneous items. These are usually the transactions involving irregular customers or suppliers who are not p...
Define sundry. sundry synonyms, sundry pronunciation, sundry translation, English dictionary definition of sundry. adj. Various; miscellaneous: a purse containing sundry items. determiner several or various; miscellaneous pron all and sundry all the various people,...
Sundry definition, various or diverse: sundry persons. See more.