Why Do You Need a CA Net Worth Certificate? The financial standings of an individual or an Enterprise is important for applications for traveling abroad or obtaining a loan from a bank or any credit purchase. Net worth is defined as the total assets minus the liabilities. A CA Net Worth Certificate is an essential document to indicate the applicant's financial health. A Chartered Accountant issues the net worth certificate to the clients. Net worth in the short term provides a good measure of an individual's total financial worth at a point in time. An increase in total assets over time shows better financial performance. In contrast, a decrease in total assets over time suggests a decline in total assets and is a sign of bad financial viability. The net worth certificate is a consolidated document collected and certified by a Chartered Accountant after scrutinizing the book of accounts, records, documents and all the assets and liabilities of a person or a Company. A CA net worth certificate may be required as part of an application to ensure that the candidate is financially sound and fit to move ahead.
Why Do You Need A CA Net Worth Certificate? ●
One requires a visa for traveling abroad for higher studies or a job. The visa application needs certificates which help to determine the net financial worth of the visa applicant.