28 August 2012
What is the net worth of a company? Is it Share Capital + Reserves & Surplus - Preliminary Expenses (to the extent not w/o) - Preoperative Expenses (to the extent not w/o). or
Net Worth = Share Capital + Reserves & Surplus - Preliminary Expenses (to the extent not w/o).
Specifically I wish to know whether preoperative expenses are to be deducted from Share Capital & Reserves to arrive at net worth of the company or not?
28 August 2012
Thanks Sir. I have received your mail. I will check the same & in case of any difficulty, please allow me to approach you further. Regards.
CAclubindia
