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    sansong00's Avatar
    sansong00 Posts: 1, Reputation: 1
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    #1

    Aug 23, 2012, 06:38 PM
    How does last years ending owners capital affect this years closing capital
    Closing capital for last year 52660
    Unadjusted capital for this year shows 77660

    Do I have to add last year to this year?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    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
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