What are sundry receipts?

Answer 1

Sundry receipts refer to a variety of small, miscellaneous income items or transactions that do not fall into standard categories like sales or services. These can include receipts from various sources, such as reimbursements, minor sales of items, or incidental income. In accounting, sundry receipts are typically classified as "other income" and are recorded separately to maintain clarity in financial statements. They help businesses track and manage diverse sources of revenue.