28 August 2013
It is only capital plus reserves. no need to deduct CWIP
Querist :
Anonymous
Querist :
Anonymous
(Querist)
29 August 2013
Sir,
I got following formula from one Journal of ICAI. Don't know exact day.
Net Worth Share Capital (+) Reserves & Surplus (+) Money received against share warrants (+) Share Application money pending allotment (-) Revaluation Reserves (-) Deficit as per Profit & Loss A/c. (-) Intangible Assets (Goodwill, Patents etc.) (-) Capital Work-in-progress (-) Fixed Assets held for sale (-) Misc./ deferred expenditure Net Worth
Can you pls once again confirm ? No where else I could find about CWIP.