Question

formula of closing and 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 organization's record toward the start of another money related period. It is the primary section in the records, either when an organization is first beginning up its records or following a year-end.

Opening Capital = closing capital + drawings - additional capital - profit + loss

Closing capital is put with the capital and after that added together. e.g. assets - liabilities = capital. or, then again e.g. assets = capital + liabilities. Both scientifically work however International Accounting Standards manages the "way" records are to be displayed.

Closing Capital = Opening capital + profit- loss + additional capital introduced - drawings

Answer 2

Opening capital = closing capital + drawings + loss - profit - additional capital