Question

How to calculate opening capital

Answer 1

The General formula for calculating opening capital is :-

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

Answer 2

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

Explanation:

The opening capital is the balanced equalization exhibited around the beginning of an accounting period. The opening parity is the proportion of profits in an association's record at the beginning of the next cash related period.

The above given formula is a method to find the opening capital of a firm, where we add closing capital, drawings and losses, and subtract profits and additional or newly introduced capital to achieve the opening capital.

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