26 April 2011
Which items should be considered for net worth calculation ??? In case of individual Mr A who is Proprietor of ABC where fixed deposits of ABC are in the name of Mr. A & Cash Credit,O/D limits are availed by ABC
Should the FD & CC figures form part of net worth calculation in the above case ???
27 April 2011
Look in case of Proprietorship Firm two different Balance Sheets are prepared. One for Business and one personal Balance Sheet. So Fixed deposit in the name of Mr A (If FD is of out of funds of ABC) will form part of Net Worth of Business.
CAclubindia
