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What is included in sundry expenses?
Sundry expenses are the expenses of small amount and it is not possible to maintain there detail
What are the sundry expenses?
Sundry expenses means many of small business day to day expenses which cannot be put into specific expense head.
What is mean by Sundry Creditor?
It is the company expenses.
What are sundry expenses?
Any expence that does not fall into a specific category
What is Accrued Sundry Exp?
Accrued expenses or accrued sundry expenses are those expenditure which are incurred during the specific time but the payment not to be paid with in that specific time that are called the accrued expenses or accrued sundary expenses. Accrued expenses are also called outstanding Expense.This will be the liablity of the owner and shown in the liablity side of the balance sheet.
Expenses may be categorized as or?
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What does sundry amount mean?
The term "sundry amount" refers to a collection of various items or expenses that are often small, diverse, and not easily categorized. In financial contexts, it typically denotes miscellaneous charges or receipts that don't fit into specific categories. Businesses may use this term to summarize minor costs or income streams that collectively contribute to their overall financial picture.
What account tyre for Sundry advance?
The account type for a sundry advance typically falls under "current assets" in accounting. This is because sundry advances represent amounts paid in advance for expenses or services that will be consumed or utilized within the upcoming accounting period. They are often classified as "prepaid expenses" until the associated goods or services are received.
What might Expenses may be categorized as?
Expenses may be categorized into several types, including fixed expenses, which remain constant over time (like rent), and variable expenses, which fluctuate based on consumption (like utilities). They can also be classified as discretionary expenses, which are non-essential (like entertainment), and non-discretionary expenses, which are necessary (like groceries). Additionally, expenses can be categorized by their purpose, such as operating expenses related to daily business functions or capital expenses for long-term investments.
Formula for current liability?
Current Liability = sundry creditor+bank overdraft+ expenses payable+provision for tax,divident
Can you give me an example of sundry expenses?
Sundry expenses refer to small, miscellaneous costs that don't fit into standard expense categories. Examples include office supplies like pens and paper, minor repairs, or small employee gifts. These expenses are typically infrequent and vary in amount, making it impractical to track them individually in financial statements. They are often grouped together in accounting to simplify reporting.
What is the difference between miscellaneous expense and other expenses?
Miscellaneous expenses means small sundry expenses of business while other expenses means expenses which are not directly related to the primary operations of business.
