When multiple more minor expenses do not fall within the scope of a particular account, it is common practice to establish a “sundries” account. So, the main difference between the two is that a sundry creditor is a person that a business may owe money to, whereas a sundry debtor is a person that owes […]

It is prepared under his direct authority by the Office of Management and Budget (OMB). The process begins when the various departments and agencies prepare their appropriation requests, based on expenditures required under existing law and those estimated under new legislation to be proposed by the president. In case of disagreement, Cabinet officers negotiate directly […]