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sundry expenses are those expense which a business organisation face day to day during its business transaction.
like Petrol, Diesel, Printing and stationery collectively called sundry expenses.
Sundry Expenses are costs that can't be easily allocated to any other nominal account.
Sundry expenses are costs incurred for small things which are usually infrequent, considerably low, miscellaneous in nature & are not classified under a specific ledger account. Examples :Bank service charges, donations etc.
Seems there is so much confusion on the definition. SUNDRY EXPENSES ARE LESS FREQUENT, MISCELLANEOUS, & NON-ROUTINE IN NATURE. WHEN AN EXPENSE STARTS BEING RECURRING, IT CEASES TO BE SUNDRY AND SHOULD BE ASSIGNED A LEDGER ACCOUNT. NO ONE CAN PUT A FINGER ON ANY PARTICULAR EXPENSE AND CLAIM IT IS SUNDRY ACROSS INDUSTRIES OR COMPANIES. POSTAGE STAMPS & TEA CAN BE SUNDRY IN ONE ORGANISATION BECAUSE THEY RARELY USE THEM AND YET THEY CAN BE A FREQUENT EXPENSE IN ANOTHER COMPANY.
Miscellaneous small or infrequent costs that are not assigned to Individual Ledger Accounts but are classified as a group.
Example may include expenses related to Bank Service Charges, Puja & Celebration, Gifts & Flower, Donation etc.
Sundry expenses are insignificant, and infrequent. Should such expenses become more frequent, it would be expected that a ledger would be opened.It will vary across industries and companies what would be classified as sundry.
sundry expenses are more of miscallenous expenses and usually smaller in amounts. These expenses are cleared out of petty cash balances kept at the functional site of the business
A sundry expense is that random expese that doesnt frequently pop up which do not cost much. The cost is insignificant tothe business operations.
Sundry expenses are costs that can't be easily allocated to any other nominal accoun.
These are the uncommon and infrequent expenses incurred by the business. They are definitely NOT regular and are of insignificant amounts.
sundry expenses are those expense which a business organisation face day to day during its business transaction.
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