How to find opening capital?
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closing capital - profit (+loss )- additional capital + drawings = opening capital
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Hey there (^-^)
For Finding Both Closing as well as Opening Capital formula , It depends as per the data given in the questions . But , the General Formula for finding the opening capital is :-
Opening Capital = Closing Capital +Drawings−Additional Capital−Profits +Loss.
And On the other hand ,
Closing Capital = Opening Capital + Profit−Loss + Additional Capital Introduced – Drawings.
For Finding Both Closing as well as Opening Capital formula , It depends as per the data given in the questions . But , the General Formula for finding the opening capital is :-
Opening Capital = Closing Capital +Drawings−Additional Capital−Profits +Loss.
And On the other hand ,
Closing Capital = Opening Capital + Profit−Loss + Additional Capital Introduced – Drawings.
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