CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Statement of Affairs

Opening capit...

Question

Opening capital =

A

Closing capital + Profit

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Opening assets - Opening liabilities

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

Closing assets - Closing liabilities

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Closing liabilities - Closing assets

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B
Opening assets - Opening liabilities

Opening capital = Opening assets - Opening liabilities

Suggest Corrections

thumbs-up

2

Similar questions

Q. The opening capital is ascertained by preparing opening .

Q. When closing capital is greater than opening capital, it denotes ______.

Q. Opening capital is ascertained by preparing _____________-.

Q. Opening capital is ascertained by preparing _________.

Q. Excess of closing capital over opening capital of proprietor under single entry system.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Finding Missing Figures ll

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Statement of Affairs

Standard XI Accountancy

Join BYJU'S Learning Program

CrossIcon