If assets are more than liabilities, it is called:

✅Explanation:
Net worth, also known as owner's equity or shareholder's equity, represents the residual interest in the assets of an entity after deducting liabilities. In simpler terms, it's what the owner(s) or shareholders would have left if all the debts were paid off. When assets exceed liabilities, it signifies a positive net worth, indicating the entity has more resources than obligations.
Formula: Net Worth = Total Assets – Total Liabilities

📌Other Options:
-(a) Net deficit: This refers to the situation when liabilities exceed assets, resulting in negative net worth.
-(c) Net equality: This refers to the situation where assets and liabilities are equal, resulting in zero net worth.
Key Points
-The book value of the equity held by shareholders of a corporation is referred to as "Net worth."
-It can also be thought of as the net worth of a corporation that its shareholders would be able to claim in the event that all of its assets were liquidated and all of its obligations were paid off.
-To put it another way, it is the sum of assets that remain after all liabilities have been settled.
-Stockholder's equity and shareholder's equity are other names for a company's net worth.
-By deducting the subject company's total liabilities from its total assets, one can arrive at the formula for net worth. 
Important Points
-Although equity and net worth are sometimes used interchangeably, they are occasionally employed in different circumstances.
-The net worth calculation takes into account both assets and liabilities.

• The following are the two things to keep in mind when thinking about net worth:
-If net worth is more than zero, it can pay off debt and has strong financial growth.
-If net worth is zero, the company cannot pay its debts and has negative financial growth.
Additional Information
– Assets are the resources owned by an individual or a company that has monetary value and can be used to generate income or provide future benefits.
– Liabilities can be short-term or long-term and include loans, mortgages, accounts payable, etc.
– Equity can be in the form of common stock, preferred stock, retained earnings, etc.
– Net worth is an important indicator of the financial health and stability of an individual or a company.