Pranav Dileep Potekar (Data Analyst) (31 Points)
10 November 2011is share premium included in calculating shareholders fund or proprietary funds or networth?
shareholders fund or proprietary funds or networth=equity share capital+reserves and surplus +preference share capital-ficititious assets
what all is included in reserves and surplus?
should preliminary expenses and ficititious assets be considered the same?
i have a problem wherin preliminary expenses is given shoul i consider it as ficititious asstets for computing shareholders funds?
thanks
ashish gupta
( student)
(1922 Points)
Replied 10 November 2011
yes preliminary expenses should be considered as fictitious assets. and share premium should be added in calculating the net worth
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 10 November 2011
Another Formula to find Networth from Asset side
Fixed Assets +Working Capital
Mary Asha
(Chartered Accountant)
(112 Points)
Replied 10 November 2011
CA Goutam Sharma
(Chartered Accountant in Practice)
(468 Points)
Replied 10 November 2011
Sourav Modi
(Learner!)
(306 Points)
Replied 10 November 2011
CAclubindia
