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Sundry expenses are the expenses of small amount and it is not possible to maintain there detail

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13y ago

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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 can be categorized as Sundry expenses?

various and miscellaneous


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.


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.


Is your deductible included in your out of pocket expenses?

Yes, your deductible is typically included in your out-of-pocket expenses.


Formula for current liability?

Current Liability = sundry creditor+bank overdraft+ expenses payable+provision for tax,divident


Why do they charge sundry at nedbank?

Sundry charges at Nedbank, like at many financial institutions, typically cover various administrative costs and services that are not included in standard account fees. These may include transaction fees, account maintenance, or costs associated with specific banking services. Charging sundry fees helps the bank manage operational expenses and maintain the quality of services offered to customers. It's advisable for customers to review the bank's fee schedule for clarity on what these charges entail.


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.


What expenses are included in selling and distribution expenses?

sales commission