Question
If share capital is ₹10 lakh, reserves ₹5 lakh, and
accumulated losses ₹3 lakh, Deffered tax liabilities are ₹1 lakh, provision for gratuity is ₹2 lakh, goodwill is ₹2lakh, Accrued incomes are ₹50,000, what is net worth?Solution
Net Worth = Share Capital + Reserves - Accumulated Losses = ₹10L + ₹5L - ₹3L = ₹12 lakh
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