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Forums › ACCA Forums › ACCA FA Financial Accounting Forums › Question

  • This topic has 1 reply, 2 voices, and was last updated 12 years ago by abj2513.
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  • September 27, 2012 at 10:11 pm #54535
    queeenshana
    Member
    • Topics: 25
    • Replies: 20
    • ☆

    Netprofit $2000
    Drawing $3000
    closing capital $1500

    What i the opening capital?

    September 28, 2012 at 4:58 am #105274
    abj2513
    Member
    • Topics: 7
    • Replies: 28
    • ☆

    opening capital = closing capital less net profit add drawings
    1500 – 2000 + 3000 = 2500

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