Examples Now that we understand the basics, how to calculate, and the items under the sundry expenses list, let us apply the knowledge to practical application through the examples below. Example #1 BL International is in the business of shoe manufacturing. The company incurs various expenses like...
While sundry income includes all the miscellaneous sources of income a business may generate, sundry expenses encompass the irregular, small expenses that are not otherwise assigned within the account. While the nature of sundry expenses may vary from one business to the next, it generally does not...