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Net worth

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(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.?
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CA R SEETHARAMAN

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

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

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