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View Full Version : How does last years ending owners capital affect this years closing capital


sansong00
Aug 23, 2012, 06:38 PM
Closing capital for last year 52660
Unadjusted capital for this year shows 77660

Do I have to add last year to this year?

paraclete
Aug 23, 2012, 07:56 PM
Capital consists of the opening balance plus earnings and additional capital in the current year minus dividends. Using that information you can intreprep the information you have been given. I think you have been given the closing balance but there may be insufficient information to make that call