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Net worth formula

This query is : Resolved 
 

(Querist)
22 July 2008

what will be the formula for calculating personal net worth of an individual?


CA RAMESH KUMAR AHUJA (Expert)
22 July 2008

Networth should be calculated at the market value as the same will give the true net worth. The net worth may be calculated by adding all assets owned by the individual and subtracting therefrom the liabilities owed by the individual.

Taranjit Singh (Expert)
11 November 2009

http://business.rediff.com/report/2009/oct/06/perfin-how-to-calculate-your-net-worth.htm



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