Networth formula IndAS

yasaswi gomes (My grammar is ๐Ÿ’ฏ good I)   (7296 Points)

23 January 2021  

Net worth shall have the same meaning as defined under section 2(57) of the Companies Act, 2013.

 

Net worth = (Total paid-up share capital + reserves out of profit + securities premium account) โ€“ (accumulated losses + expenditure + miscellaneous expenditures which are written off).

 

Net worth shall be calculated from the first audited financial statement.