Sundry expenses are costs incurred for small uncategorized items. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. From accounts preserved of the sums expended at sundry public feasts at Coventry (Anno 1452 to 1464) we find that 2s. By contrast, Grantham summons sundry metrics and data to support his case.
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They can be related to a particular area within a business such as sundry office expenses, sundry retail expenses, etc. They are comparatively small, miscellaneous in nature & can not be classified under a specific day-to-day expense ledger. The word “Sundry” is used for items which are irregular and insignificant to be listed individually. Sundry expenses are costs incurred during business operations that are not listed separately because they are usually small, rare, and do not relate to other general expenditures. These examples are programmatically compiled from various online sources to illustrate current usage of what are assurance services that cpa firms provide the word ‘sundry.’ Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Sundries are shown on the expense side of an income statement.
Phrases Containing sundry
Back in the days of manual bookkeeping, there was a greater need for such classifications since having a particular ledger account made for every little expense would not feasible. Now with ERPs and modern computer systems, the need to reclass dozens of small expenses as sundry expenses has been greatly reduced. As mentioned above these types of expenses do not usually have a separate ledger account however they can be grouped together and clubbed together as sundry expenses. There are no hard and fast rules for categorizing expenses as sundries but they should definitely not include any regular payments or capital expenses. Sundry expenses are what can i deduct and what receipts should i keep for my taxes shown on the expenses side (left) of a profit and loss account (Income statement). Size, industry practice & nature of an expense plays an important role to determine whether it should be included in sundries or be given a separate ledger account.
- I had less than $300 worth of monthly disposable income to cover sundries like food and laundry.
- As mentioned above these types of expenses do not usually have a separate ledger account however they can be grouped together and clubbed together as sundry expenses.
- By contrast, Grantham summons sundry metrics and data to support his case.
- The word “Sundry” is used for items which are irregular and insignificant to be listed individually.
- In the cartoon gig, she pokes fun at everyday occurrences, as her character wonders how life would be if she met pop icons in sundry situations.
More from Merriam-Webster on sundry
In the cartoon gig, she pokes fun at everyday occurrences, as her character wonders how life would be if she met pop icons in sundry situations. I had less than $300 worth of monthly disposable income to cover sundries like food and laundry.