What is Sundry Income?
Definition of Sundry Income
Sundry income is also known as miscellaneous or other income. It is generated from the sources other than a company’s normal business operations.
Explanation of Sundry Income
In income statement, sundry income is shown under the head of income from operations. Examples of sundry income are late fee, profit on sales of minor assets, foreign exchange gains etc. Sundry income is likely to be less anticipated in nature than revenue from a business’s primary operations.