Net worth certificate cash

how to take the value of Buffalo and cash for net worth certificate.what supporting docs required for both of them.
Replies (8)
Quick Summary
This discussion explains how to determine the value of buffalo and cash for inclusion in a net worth certificate. It clarifies the documentation needed for both assets and discusses the process of physical verification for cash. The explanation also touches upon how net worth is calculated separately, considering equity shares, retained earnings, and assets minus liabilities (excluding long-term loans).

Physical verification of cash or balance in books if maintained
Net worth is seperate. Here physical verification of cash is not worth mentioning.

HOW NET WORTH MAY BE SEPARATE

Net worth is an aggregate of equity shares balance and retained earnings.

There is one more side for net worth i,e CA+FA-CL

There is one more side for net worth i,e CA+FA-CL

long term loans are excluded.

I didnt mention long term loans

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