Search This Blog

Google Analytics

Thursday, January 28, 2010

What are Sundries Account?

An account in a sales ledger or purchase ledger for recording things bought or sold from companies who are not regular customers or suppliers and who therefore do not need their own separate accounts.

Source: Financial Times Lexicon

Erm.. I think I gave the wrong definition two weeks ago, during a Principles of Accounts tuition session.

No comments:

Post a Comment

Do provide your constructive comment. I appreciate that.

Popular Posts