Networth calculation

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Shreyash (Querist)
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25 January 2016 Sir,
Please let me know how to calculate net worth of a proprietorship firm & Partnership firm in detailed.

I understand that its ultimately the capital of the proprietor Or the partner is the net worth. i m right or not?

please reply as soon as possible.

Thanks

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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26 January 2016 You have to add the capital of the Proprietor/partner and the profit & Loss a/c & accumulated reserves if any , Incase loss , it will reduce the capital balance

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