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Formula of opening capital when fixed …

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Formula of opening capital when fixed capital are given

Posted by Aman Garg 6 years, 1 month ago

CBSE > Class 12 > Accountancy

4 answers

Ankit Arya 6 years, 1 month ago

profit is not transfer to capital account when capital is fixed.. profit is transfer to partners current account.. so the answer given by dev thapar is wrong..

Ankit Arya 6 years, 1 month ago

when capital is fixed.. opening capital = closing capital +withdrawal of capital - additional or fresh capital

Alisha Wadhwa 6 years, 1 month ago

No need of calculating opening capital because opening capital is equal to closing capital in case of fixed capital if there is no additiona cap and no withdrawal.............And of additional capital and withdrawal is given then calculate opening capital by deducting withdrawal and by adding additional capital..

Dev Thapar 6 years, 1 month ago

Closing capital - Additional Capital - Profit= Opening Capital

ANSWER

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