Capital statement is the document
which presents the opening balance of the capital at the first line, and then any
kind of addition in shape of investment or profit earned during the accounting
period is added in the next line arriving at the total balance of capital. Deductions
in form of withdrawals or loss of the business are then subtracted from the
total balance of the capital arriving at the final balance of capital at the
end of the accounting period.
Capital
Statement
Capital, 1st July, 2008 ………………………. 35,000.00
Additional
investment during the year……… 6,000.00
Total………………………………… 41,000.00
Net loss
for the year………………………… 8,000.00
Withdrawals….......................……………….
3,600.00
Decrease in capital………………………….. 11,600.00
Capital,
4 comments:
Morris Tutoring Services was started in 2010 to help people throughout the world learn and refresh their understanding of basic accounting and bookkeeping at no cost. This free website contains explanations of major topics, Q&A, quizzes, and much more. Our 1,553 glowing testimonials indicate that our materials are more clear than textbooks costing hundreds of dollars.
Thank you for the material. It's helpful
Thank for the material, it is really good for me
Just what I needed, thanks so much for providing such amazing content. Keep it up.
Post a Comment