this does not mean the amounts are negligible. The defining characteristic of sundry income is the irregularity of the revenue, not the amount generated, so there’s no limit to the amount that can qualify as sundry income.
Financing liabilities such as overdrafts, loans or asset financing are excluded, only the difference between current operating liabilities (trade and sundry creditors) and the forecast year's feature. If current liabilities go up, so does operating cash flow. Trade and sundry creditors represent the...
What does it mean if notes collected by banks exceeds the governments data of notes in circulation? How to link my LIC policy with my bank account? What do sundry creditors and sundry debtors mean? What documents act as proof to change my address of my SBI bank savings account? What are ...
novelists,freelance writersand similar creative artists generally are compensated on a per-job basis and are not treated as employees. Many businesses have begun bringing in independent contractors to work on particular tasks. This helps keep the employer's costs down because the employer does not h...
costs down because the employer does not have to pay for such things as health insurance orlife insuranceand does not have to make contributions to retirement plans. After the task is completed, the employer can end the working relationship and simply issue the independent contractor a 1099 form...