networth of firm

how to calculate the networth of a partnership concern at time of retirement of a partner to decide his share of consideration

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 Net worth means net assets. It is calculated by deducting liabilities from assets. if assets/ Liabilities are revalued these revalued figures are considered.

Originally posted by :CA Dhirendra Singh
"  Net worth means net assets. It is calculated by deducting liabilities from assets. if assets/ Liabilities are revalued these revalued figures are considered. "

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