When preparing a balance sheet, net worth is listed as a:?

Question

When preparing a balance sheet, net worth is listed as a:

a. Current asset.

b. Plant asset.

c. Current liability.

d. None of the above

can anyone help me with this one?

Answer 1

When preparing a balance sheet, net worth is listed as a:

d. None of the above

It's the total assets minus total liabilities or you can get the figure by just looking at the total shareholders' equity.

Answer 2

In business, net worth (sometimes called net assets) is the total assets minus total liabilities of an individual or a company. For a company, this is called shareholders' equity and may be referred to as book value. Net worth is stated as at a particular point in time. In the case of an individual, the term estate is used. That term is used especially in the context of bankruptcy law and in relation to probate, on the death of the individual.