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MPR sanjay Kumar (CA student)     16 February 2021

Formula for opening capital and closing capital

my dear gentle CA's could you plse tell what is the formula for opening capital and closing capital with examples


 1 Replies

yasaswi gomes

yasaswi gomes (My grammar is 💯 good I)     16 February 2021

People do follow usual formulas, but I think it’s debt and equity capital from previous year will be current o/b. Then subtract drawings and add additional capital raised. Again subtract the amount of money transferred to reserves. The final amount will be closing balance. Next, use schedule three to find the equity capital balances


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