Net worth
This query is : Resolved
07 December 2011
DEAR FRIENDS
PLS EXPLAIN THE FORMULA FOR
PARTNER SHIP FIRMS NET WORK
PLS EXPLAIN THE FORMULA FOR
PARTNER SHIP FIRMS NET WORK
07 December 2011
Net worth= Net Fixed Assets+Net Working Capital-Intangible Assets
Net working Capital=Total Current Assets-Total Current Liabilities
Intangible Assets here means, debit balance of profit and loss account, preliminary or preoperative expenses which are not written off etc
or
the other method is
All partners capital a/c+if (debit balance of capital a/c is to be deducted)+reserves and surplus+credit balance of profit and loss a/c
Net working Capital=Total Current Assets-Total Current Liabilities
Intangible Assets here means, debit balance of profit and loss account, preliminary or preoperative expenses which are not written off etc
or
the other method is
All partners capital a/c+if (debit balance of capital a/c is to be deducted)+reserves and surplus+credit balance of profit and loss a/c
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