Closing capital for last year 52660
Unadjusted capital for this year shows 77660
Do I have to add last year to this year?
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Closing capital for last year 52660
Unadjusted capital for this year shows 77660
Do I have to add last year to this year?
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
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