Question

Format for calculation of opening capital

Answer 1

The opening capital is the adjusted balance presented toward the start of a bookkeeping period. The opening balance is the measure of assets in an organisation's record toward the start of another money related period. It is the primary section in the records either when an organisation is first beginning up it's records or following a year end.

Opening capital= Closing capital+drawings- additional capitals- profit+ loss.

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Answer 2

opening capital is the capital on the beginning of the financial year . its just a adjusting entry .

Calculation of opening capital

opening capital = closing capital + drawings +losses - profit - additional capital

                                                    or

capital on beginning + liabilities on beginning = asset on beginning

                                                or

Opening stock = cost of goods sold + closing stock - purchases