Easy Office

Net worth

This query is : Resolved 
Profile Image

Profile Image

(Querist)
29 November 2015 Hi,
I want to calculate Net worth of a proprietorship firm and i am having some doubts so can you please help me out in that.

1) Should i take Car and furniture in assets while calucating net worth and at which value? i.e book balue at book value.

2) Whether we need to include to Security deposits and vat recoverable as well in assets.?
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
29 November 2015 Prepare balance sheet the balance in capital account is the net worth.
Profile Image

Ankit Jain

Profile Image

Ankit Jain (Querist)
29 November 2015 Yes that's what I want to know that net worth will always be equal to capital account?



Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
29 November 2015 Yes you are right............

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links