Net worth is computed when the total liabilities of an individual or enterprise are deducted from the total assets. Condition of the cumulative financial worth of an individual or enterprise at a point in time is computed by its respective net worth.
Net worth is used as an indication of financial health of an enterprise in various processes. Such a certificate is compiled and certified by a chartered accountant after taking all assets and liabilities into account. It is used for much purpose such as for visa application, bank loan application, franchise application, etc. S K Nagda & Co. is top Chartered Accountants firm in India issuing the net worth certificates to the clients.