Formula of net worth & cwip
Querist : Anonymous
Whether Capital Work in Process is deducted or not from Eq+ Reserves?
Querist : Anonymous
I got following formula from one Journal of ICAI. Don't know exact day.
Net Worth
Share Capital
(+) Reserves & Surplus
(+) Money received against share warrants
(+) Share Application money pending allotment
(-) Revaluation Reserves
(-) Deficit as per Profit & Loss A/c.
(-) Intangible Assets (Goodwill, Patents etc.)
(-) Capital Work-in-progress
(-) Fixed Assets held for sale
(-) Misc./ deferred expenditure
Net Worth
Can you pls once again confirm ? No where else I could find about CWIP.
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