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NET assets

Rrcc00210y ago
Dear sir, plz explain that,net assets equals to what?
John MoffatJohn MoffatTutor10y ago#1
Net assets = total assets minus total liabilities!
Rrcc00210y ago#2
DO we use euity head in b/sheet as a net assets because i observe in valuation questions
John MoffatJohn MoffatTutor10y ago#3
I am sorry but I do not know what you mean by 'equity head'. What you may be referring to is the fact that the total equity (share capital + reserves, must be always equal to the net assets - that is a fundamental financial accounts point). (and we stopped calling it the Balance Sheet many years ago - it is the Statement of financial position!).
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