sundry asset is asset or liability
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Sundry assets are small, relatively insignificant, items held by a business that do not merit their own line item individually on a balance sheet. It is mostly an outdated term that has been replaced with “other assets” in the accounting world.
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Answer: *sundry assets are the assets* but assets on small basis and it is helpful in operating short term assets need of a business and it can be used in Operating easy cash requirements for the business
Explanation: for example :- cash in hand, cash in bank , sundry debtors and cheques received etc. Hope this will help you understand the concept more easily .
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