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While preparing statement of affairs ,y opening capital is deducted from adjusted closing capital ?? Y not opening capital minus adj closing capital ??

Reetikaa R

CA Inter

★ 7K+

15-Feb-21 19:50

285

Answers (5)

Pls elaborate your query.

CA Suraj Lakhotia

Admin

16-Feb-21 10:47

CA Suraj Lakhotia Admin

Pls elaborate your query.

Y we minus opening capital from adjusted closing capital in statement of affairs ?? The formula goes like this : adj closing capital - opening capital .why not oc -cs ??

Thread Starter

Reetikaa R

CA Inter

★ 7K+

16-Feb-21 17:07

Thread Starter

Reetikaa R

Y we minus opening capital from adjusted closing capital in statement of affairs ?? The formula goes like this : adj closing capital - opening capital .why not oc -cs ??

Which formula are you referring to. Pls share.

CA Suraj Lakhotia

Admin

17-Feb-21 11:11

CA Suraj Lakhotia Admin

Which formula are you referring to. Pls share.

This one sir..I m asking y not oc -closing capital