How are Sundry expenses treated in a balance sheet
Sundry expenses are generally treated as an expense in the income statement of a business and are deducted from the revenue earned to arrive at the net income or profit for the period. They do not appear as a separate item in the balance sheet. But their impact on the profit and loss account affects the retained earnings or reserves of the business. Which are reported in the balance sheet as a part of the shareholders’ equity section.
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