Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

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

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Threads

Start a New Discussion

Popular Discussion

view more »

Subscribe to the latest topics :
Search Forum:

Trending Tags