ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Assets-liabilities = net worth
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Assets × liabilities = net worth
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Assets + liabilities = net worth
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Assets / liabilities = net worth
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Detailed explanation-1: -The correct answer is Net Worth = Assets-Liabilities.
Detailed explanation-2: -To calculate your net worth, you subtract your total liabilities from your total assets. Total assets will include your investments, savings, cash deposits, and any equity that you have in a home, car, or other similar assets. Total liabilities would include any debt, such as student loans and credit card debt.
Detailed explanation-3: -Net worth is assets minus liabilities. Or, you can think of net worth as everything you own less all that you owe.
Detailed explanation-4: -Net Worth = Assets – Liabilities If a person or company owns assets that are greater than liabilities, it is said to show a positive net worth.
Detailed explanation-5: -Net assets are the value of a company’s assets minus its liabilities. It is calculated ((Total Fixed Assets + Total Current Assets) – (Total Current Liabilities + Total Long Term Liabilities)).