The opening capital is ascertained by preparing:

Cash book

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Creditors account

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Debtors account

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Opening statement of affairs

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Solution

The correct option is D
Opening statement of affairs

The opening capital is ascertained by preparing an opening statement of affairs.

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Similar questions

Explain how the following may be ascertained from incomplete records

(a) Opening capital and closing capital

(b) Credit sales and credit purchases

(d) Closing balance of cash

Explain how the following may be ascertained from incomplete records:

(a) Opening capital and closing capital

(b) Credit sales and credit purchases

(d) Closing balance of cash.

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