Net worth represents the financial position of an individual and business entity.
Now the question arises how to calculate net worth:
As you have learned about Assets and Liabilities in our earlier posts it would be very simple for you.
There is a very simple formula for calculating net worth:
To make it more clear,let's have a look below at the following representation of assets and liabilities of an individual:
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Now net worth of the individual=₹35,80,000-₹27,00,000=8,80,000
Now the question arises how to calculate net worth:
As you have learned about Assets and Liabilities in our earlier posts it would be very simple for you.
There is a very simple formula for calculating net worth:
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