ENTREPRENEURIAL PLANNING
FINANCIAL PLANNING AND ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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assets plus liabilities
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cash inflows minus cash outflows
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assets minus liabilities
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assets minus cash outflows
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Detailed explanation-1: -How To Calculate Net Worth. Your net worth is simply the dollar amount of all of your assets minus all your debts. If your assets exceed your liabilities, you end up with a positive net worth. Conversely, if your liabilities are greater than your assets, you will have a negative net worth.
Detailed explanation-2: -NET WORTH= TOTAL ASSETS – TOTAL LIABILITIES.
Detailed explanation-3: -To figure out your net worth add up your assets (the cash you’ve got in bank accounts, investments, retirement accounts, etc. as well as the value of any properties you own) and then subtract any liabilities (debt, including student loans, credit card, your mortgage, etc.) that you owe.
Detailed explanation-4: -FAS is a double entry accounting system which ensures that the following accounting equation is always in balance, and is always equal to zero. Assets minus Liabilities equals Fund Balance (also called Net Assets).