Know All About Union Budget, 2022
Finance Minister Smt. Nirmala Sitharaman presented her 4th Union Budget in the Parliament on 1st February, 2022. While there have no change in Income Tax Slabs and income tax deductions, …
Finance Minister Smt. Nirmala Sitharaman presented her 4th Union Budget in the Parliament on 1st February, 2022. While there have no change in Income Tax Slabs and income tax deductions, …
Net worth, in layman’s language means the sum of all the assets owned by an individual or a company, minus any debts or liabilities. This net worth help in measuring wealth and works as a financial indicator for all the persons.
The formula for calculating net worth for company is calculated in the same way as the net worth of an individual is calculated i.e., by subtracting net liabilities from net assets.
Net worth of company = Net Assets – Net liabilities