Proper meaning
This query is : Resolved
Querist : Anonymous
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
sundry asset - sundry liability
can anybody explian d meaning of sundry and logic of this formula
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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