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Answer Posted / vipul sharma
In business, Net worth (sometimes "net assets") is the
total assets minus total liabilities of an individual or a
company. For a company, this is called shareholders' equity
and may be referred to as book value. Net worth is stated
for a particular point in time.
In personal finance, net worth is also used to refer to an
individual's net financial position; similarly, it also
uses the value of all assets minus the value of all
liabilities (debt).
Net worth in business is generally based on the value of
all assets and liabilities at the carrying value, that is,
the value as expressed on the financial statements. To the
extent that items on the balance sheet do not express their
true ("market") value, the net worth will also be
inaccurate.
Net worth in this formulation is not an expression of the
market value of the firm: the firm may be worth more (or
less) if sold as a going concern.
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