net worth is:
1)total assets less outside liabilities
2)total liabilities plus owner equity
3) current assets less current liabilities
4) total accumulated profit less liabilities
choose correct and with deatail.
Answers were Sorted based on User's Feedback
Answer / manish
total asset less o/s liablity( option '1' ) is correct.
Is This Answer Correct ? | 23 Yes | 5 No |
For a company
total asset- total liability
For Individual
value of person including cash & bank - all liability
Is This Answer Correct ? | 23 Yes | 9 No |
Answer / manish sharma
according to first option the net worth of co will be
nil,bcoz in b/s assets and liability side tallied,hence
answer is incorrect,
The Networth means
1 Total assets(excluding ficticious assets)-out siders
liability
2 net worth=owners fund(capital+reserves+profit)
Is This Answer Correct ? | 16 Yes | 3 No |
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