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Formula for calcuation of a company's net worth

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How the net worth of a comany is calcuated?

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post the question if posible 

 

generally TOTAL ASSETS - LIABILITIES

 

i think total assets should not consist misc expenditure while calculating net worth of the company

TOTAL ASSETS-PRELIMINERY EXP-TOTAL LIABILITY(+)PROFIT &  LOSS A/C (CR)-PROFIT & LOSS A/C (DEBIT)

 


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