Accountancy, asked by Roha80, 2 months ago

What is net worth method?

Answers

Answered by akshithnani482

Answer:

Explanation:

Net Worth Method Generally

The theory of the net worth method is that if an individual has more wealth at the end of a given year than at the beginning of that year, and the increase is not from non-taxable sources such as a gift, loan, or inheritance, then the amount of the increase is taxable income for that year.

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