Question

Place the following steps for calculating net worth in the correct order
Options-
List your liabilities
Total your liabilities
Total your assets
List your assets
Subtract your liabilities from your assets

Answer 1

Answer:

See below

Explanation:

Net worth is calculated by subtracting total liabilities from the total assets. Assets are the valuables that belong to a business, while liabilities are what the business owes others.

The correct process for calculating net worth will be

1. List your assets
2. Total your assets
3. List your liabilities
4. Total your liabilities
5. Subtract your liabilities from your assets