Social Sciences and the Law

How is net worth determined by bookkeeping?

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A balance sheet may be compiled at any time by totaling each column and subtracting the smaller total from the greater to give either a surplus or a deficit. The result is called the net worth, and it gives an indication of the financial state of a firm.

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Similar questions: Net worth is determined by what process done to a balance sheet? What is net worth? What must be done to a balance sheet to determine net worth? [ Hide these questions ]

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