Question

Net worth means

• A. Assets - Liabilities
• B. Net assets - gross profit
• C. Gross profit + net assets
• D. Assets + liabilities

Hint:

Net worth gives an indication of financial health by subtracting liabilities (what you owe) from assets (what you own).

Answer 1

The Correct Option is A

Net worth is calculated as the difference between assets and liabilities. It represents the financial value of a person or entity, calculated as the total assets minus total liabilities.