Networth and Net Assets difference?

[David Carlson]

On Tuesday, 7/2/2013 8:27 PM, Chris Henderson wrote:
> On Wed, Jul 3, 2013 at 7:20 AM, John R. Sowden
> <jsowden at americansentry.net>wrote:
>
>> On 07/02/2013 02:05 PM, Chris Henderson wrote:
>>
>>> Yes, I have foreign currency and stocks in foreign currency account. Would
>>> that be the reason for the discrepancy? How would I fix that or should I
>>> worry about fixing that? Thanks.
>>>
>>>
>>>
>>> On Tue, Jul 2, 2013 at 4:59 PM, Maf. King <maf at chilwell.net> wrote:
>>>
>>>  On Tue 2 July 13 16:38:18 Liz wrote:
>>>>> On Tue, 2 Jul 2013 16:04:18 +1000
>>>>>
>>>>> Chris Henderson <henders254 at gmail.com> wrote:
>>>>>
>>>>>> No, I don't have any liabilities. So, my networth and net assets
>>>>>> should be same, but they are not!
>>>>>>
>>>>> So I guess that something has been categorised as a liability when you
>>>>> didn't intend it to be.
>>>>>
>>>> Just a thought, Chris -
>>>>
>>>> Do you have any stocks/shares or foreign currency accounts?  maybe an
>>>> exchange
>>>> rate isn't being picked up somewhere?  ISTR that the net assets at the
>>>> bottom
>>>> of the account tree view is selectable per-currency?
>>>>
>>>> 0.02
>>>> Maf.
>>>>
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>>>
>>>  Net worth is: All Assets less All Liabilities
>> Net Assets is: All Assets less any liabilities that are using the assets
>> as collateral, such as a home and a home mortgage.
>>
> I don't have any liabilities, debt, credit card, mortgages.
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You must be very young or you live in a place where such things do not
exist.  How did you get Internet access?  From your parents?

David C