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.
- 3 Answers
- 29448 Views
- I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
What is accounting normalization?
HOW WE MADE ENTRY OF SURCHARGE ON VAT PURCHASE IN PUNJAB
Tell us do you have any idea about service tax or excise?
pass the journal as wellas ledger entries off the foll 1st jan :> started businress with cash rs 1,20,000 & goods worth rs 60,000. 2nd jan > cash purchases rs 50,000. 4th jan >cash sales rs 40,000. 6th jan > purchase good's from sonali on credit worth rs 30,000 at 10 % trade discount. 8th jan> sold sood's to komal on credit rs 20,000 at 10% trade discount. 10th jan > paid rent by a cheque rs 50,000. 12th jan > good's worth rs 4,000 lossed by fire. 14th jan > good's worth rs 3,000 withdrawn from business for personal use. 16th jan > good's worth rs 2,000 distributed as free samples. 18th jan > good's worth rs 1,000 exchange for furniture.
how to calculate basic to gross salary
how to we pass a purchase entry in item invoice mode where some advance has been paid to the party. the purchase entry should get offset with the advance payment entry so that it does not appear in the bill outstanding or bills due list. please guide.thank you
could i know how to accounting lease intrest ?
how intangible assets are entered in B/s. plz send me the answer of this question in my e-mailid-prabhatsingh873@gmail.com
'Talk me through an example of how you have used data to improve your teams productivity.'
how to reduce the interesting giving to debts ?
How you can adjust entries into account?
Explain fictitious assets?
what are doucement required under registration of properity firm. give the answer breif
Let me know the liability positions of Partners
pls. tell me with detail (what is the rate of service tax and w.c.t. for a contractor who do civil work -make building and repairing. what is the format of generate a bill for (with material and labour both ) what entry should i pass in my accounts bokks. general and sales entry.
