What is the difference between the net asset and total asset of a company?

Answer 1

No. That's totally and utter jibberish. Your first tip that the previous answer is wrong is that taxes and expenses are not even on the balance sheet. Secondly, liabilities are credited, not debited. Third, well... third is that it just doesn't make any sense.

Here's what it is...

The difference is basically between "US" and "UK" style presentation of the balance sheet.

The UK uses "Net Assets", which is assets minus liabilities on one side balanced by equity on the other side. The balance sheet balances, but it basically analyzes it from an equity holder's perspective (e.g. "where did my money go?")

The US uses "Total Assets", which is assets. The other side is balanced by liabilities and equity. The balance sheet balances, but it analyzes it from a corporate perspective (e.g. "I have all this stuff, but how did I finance it?").

Answer 2

Net assets is the same as total equity. It's what you get when you take all the assets of a company and subtract all the liabilities. The "how much the company is worth" depends on what you mean. The book value of the equity is the net assets - preferred stock is one measure of what a company is worth. Another measure is the market cap which has nothing to do with any of these accounting measures.

Answer 3

Net is after taxes and expenses (liabilities) - total asset is before any debits (liabilties) have been taken or paid. Hope that helps