how to calculate the networth of a partnership concern at time of retirement of a partner to decide his share of consideration
triumph-CMA
(Chartered Accountant)
(503 Points)
Replied 28 November 2009
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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