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Net worth is called Goodwill and how can i know about my goodwill it depends upon my goodwill cause if capital goes down goodwill can be used.
Net worth is the value of all assets, minus the total of all liabilities. Put another way, net worth is what is owned minus what is owed. This net worth calculator helps determine your net worth. It also estimates how net worth could grow or decline over the next 10 years.
On an individual level, your net worth is your income subtract your expenses over a year. The calculation should include long term assets if existing, such as cars, houses..etc and take away any liabilities to the bank such as loans.
Thanks for invitation,
Most of the text books define net worth as:
"The amount by which assets exceed liabilities".
- As a matter of fact, Net worth is a concept applicable to both individuals and businesses as a key measure of how much an entity is worth.
A consistent increase in net worth indicates good financial health / position and conversely, net worth may be depleted by annual operating losses or a substantial decrease in asset values relative to liabilities.
net worth means the value if the comapny.in other words it's value of the equity.
so that, the net worth =Assets-Liabilities.
