How to find out the closing capital where capital ,assets,and liabilities were given
Answers
Answered by
1
HEYA your answer is
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
hope it helps
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
hope it helps
abhayjha1:
wlcm
follow me
Similar questions