Question

how to calculate opening and closing capital for incomplete records

Answer 1

Answer:

The accounting equation

If the client is unable to give you the value of capital, but you have all the details for the assets and liabilities, then you can use the accounting equation to work out the value of capital. Assets minus liabilities will equal capital.

Answer 2

$\huge\red{Answer}$

• The accounting equation

If the client is unable to give you the value of capital, but you have all the details for the assets and liabilities, then you can use the accounting equation to work out the value of capital. Assets minus liabilities will equal capital.

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