Net worth

misc. expenses which is not writen off to be deduct at the time of calculation of net worth.

Becos misc exp are those exp whic are already incurred bt it is split over number of years eg. premium on redemption of shares , it is recognised in P&L a/c not in 1 year but over a number of years so actually its not liabilty to be paid but its already paid that is y it is deducted from libilty side while calculating net worth.