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What are sundry expenses?

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Question ajoutée par Mohammad Zaid abu odeh , Senior Accountant , Mega Food Industries And Products Exports L.L.C
Date de publication: 2015/06/24
ASIF IMRAN
par ASIF IMRAN , accountant , M.K.Export

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.

Jad Barakat
par Jad Barakat , general accountant , societe BA-CEL

Sundry Expenses are costs that can't be easily allocated to any other nominal account.

SUMA PANTHALOOR
par SUMA PANTHALOOR , Accountant , Qmax Drilling Fluids Company

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.

Samuel Jani
par Samuel Jani , Internal Auditor , Sable Chemical Industries

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.

SUNIT BANERJEE
par SUNIT BANERJEE , Chief Financial Officer , Sportind Global Private Limited

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.

Toyin Adun-FCA-MBA-Finance-CMA
par Toyin Adun-FCA-MBA-Finance-CMA , Finance Manager , Emirates Business Group

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.

samad Jamal
par samad Jamal , Assistant Finance Manager , Majid Al Futtaim Leisure

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

 

 

Millicent Owino
par Millicent Owino , Assistant Accountant , Dhanoa Consulting Limited

A sundry expense is that random expese that doesnt frequently pop up which do not cost much. The cost is insignificant tothe business operations.

GHULAM  MURTAZA
par GHULAM MURTAZA , SENIOR ACCOUNTANT , AL MAJEED IBRAHIM STEEL INDUSTRIES (PVT.) LIMITED

Sundry expenses are costs  that can't be easily allocated to any other nominal accoun.

Gabeba Bardien
par Gabeba Bardien , Accounting officer , Positively Muslim NPO

These are the uncommon and infrequent expenses incurred by the business.  They are definitely NOT regular and are of insignificant amounts.

Adeel liaqat
par Adeel liaqat , Accountant , Abdulla Al Amoudi Foodstuff Trading

sundry expenses are those expense which a business organisation face day to day during its business transaction. 

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