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Sundry Income: Definition, How It Works in Business, and Examples

Examples of current liabilities include accounts payable (sundry creditors and bills payable), short-term bank overdrafts, and short-term temporary loans. Many financial transactions are documented in a company’s financial statements. Some are done only to monitor the funds, while others are significant for understanding the company’s economic status. Sundry creditors’ records are one such important transaction …

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