Question

formula of closing and opening capital?

Answer 1

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

closing capital = opening capital + additional capital - loss - drawings

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

opening capital = closing capital - additional capital + loss + drawings

hope this helps you....

Answer 2

The formula for Closing Capital is :

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

The formula for opening capital is:

opening capital is: Opening Capital = closing capital + drawings - additional capital - profit + loss

• A closing balance is an amount remaining in an account within your chart of accounts, positive or negative, at the end of an accounting period or year-end. It's easy to stay on top of the balance of your accounts with online accounting software like Debitoor.
• The adjusted balance provided at the start of a bookkeeping period is known as the opening capital. The opening balance is the amount of money in an organization's account at the start of a new financial period. It is the most important section of the records, whether an organisation is just starting or has just completed a year's worth of records... for example, assets minus liabilities equals capital.

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

rofit loss + additional capital introduced - drawings and,

rofit loss + additional capital introduced - drawings and, Opening Capital = closing capital + drawings - additional capital - profit + loss

rofit loss + additional capital introduced - drawings and, Opening Capital = closing capital + drawings - additional capital - profit + loss

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