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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.
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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 |
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