Answer Posted / vinod goyal cs
There are two methods to calculate the networth of a
company.
First is net assets value method in which the networth is
the result of (Total Assets less total liabilities)
Second is the Shareholders equity method in which the
networth is the result of (Total paid up capital+ free
reserves less accumulated losses or Miss. expenditures not
written off)
| Is This Answer Correct ? | 78 Yes | 7 No |
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The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690
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