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(3) Net worth = Assets - Liabilities
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(3)
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(1)
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(4)
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(3) Wealth includes intangible assets also
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(1)
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(1) If expenses are greater than income, Deficit = Expenses - Income
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(4)
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(3)
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(4)
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(3) Expense during the year is 20,000 and Liabilities on 31 March = 30,000
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(1)
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(3) It should be till July 31 2021
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(4) Disposable income = Gross total income - Taxes
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(1) Copyrights are used for creative original work
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(1)
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(3)
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(2) dinner at restaurant
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(1)
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(3)
-------------------
(3)
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(3) This is active income
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(3) Expense on school fees is a regular expense
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(2) 20 years