07 December 2011
Net worth= Net Fixed Assets+Net Working Capital-Intangible Assets
Net working Capital=Total Current Assets-Total Current Liabilities Intangible Assets here means, debit balance of profit and loss account, preliminary or preoperative expenses which are not written off etc or
the other method is All partners capital a/c+if (debit balance of capital a/c is to be deducted)+reserves and surplus+credit balance of profit and loss a/c
CAclubindia
