Accounting for IGCSE & O level - Final Statements (Section 8 - No. 49)
What is the meaning of 'net assets'?
The total value of assets.
The difference between assets and liabilities.
The total value of liabilities.
The value of cash and bank.
Explication
Net assets represent the residual value of a company's assets after deducting its liabilities. They are also referred to as owner's equity.