Networth calculation
This query is : Resolved
25 January 2016
Sir,
Please let me know how to calculate net worth of a proprietorship firm & Partnership firm in detailed.
I understand that its ultimately the capital of the proprietor Or the partner is the net worth. i m right or not?
please reply as soon as possible.
Thanks
Please let me know how to calculate net worth of a proprietorship firm & Partnership firm in detailed.
I understand that its ultimately the capital of the proprietor Or the partner is the net worth. i m right or not?
please reply as soon as possible.
Thanks
26 January 2016
You have to add the capital of the Proprietor/partner and the profit & Loss a/c & accumulated reserves if any , Incase loss , it will reduce the capital balance
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- TDS on Consultancy- Non DTAA
- EPF FULL & FINAL RULES IN 2026
- Gift Received from nonblood relative
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Experts need help
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Management System (IMS)
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
