Definition of Sundry Income

Definition of Sundry Income

Sundry income is also reputable as miscellaneous or other income. It is beget from sources other than a company’s normal business operations.

Explanation

In income statement, sundry income is demonstrates¬†under the head of income from operations. Examples of sundry income are late fees, 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.

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