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Proper meaning

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Querist : Anonymous (Querist)
04 March 2013 in valuation of goodwill chapter there is a formula for calculating capital employed

sundry asset - sundry liability

can anybody explian d meaning of sundry and logic of this formula
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Dr. Rashid Mehmood, CPA, Ph.D

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Dr. Rashid Mehmood, CPA, Ph.D (Expert)
04 March 2013 its a vague term just used to define the other assets or class of different assets. it is used only for the understating of the students because in the book there is not enough space to explain the real world company accounts. therefore add all current assets then deduct all current liabilities will give you working capital or capital employed.
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