Whether Deferred tax/Misc. Expenses is to be considered in assets while calculating net worth ? If yes,why?
Whether contingent liability is to be deducted from net assets,while using net assets method?
CA VIRAL SANGHVI
(Finance head)
(681 Points)
Replied 19 December 2016
Whether Deferred tax/Misc. Expenses is to be considered in assets while calculating net worth ? If yes,why?
No it should not be considered while calculating the net worth.
Shobhit Jain
(CA)
(4892 Points)
Replied 19 December 2016
But in CA final SFM PM. in merger & acquisition chapter,same is considered.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
