How is closing capital calculated under a single entry system?

How is closing capital calculated under a single entry system?

Monjur Alahi

4 views

2025-01-04 04:42

1 Answers

Salim Ahmed Kawsar

Under single entry system closing capital is calculated by deducting the total closing value of liabilities from the total closing value of assets.

4 views Answered 2023-02-05 15:29

Related Questions

From the following data, calcualte value added by firm X and by firm Y: (i) Closing stock of firm X 20 (ii) Closing stock of firm Y 15 (iii) Opening s

2 Answers 7 Views

Capital fund is calculated as - (A) Income - Expenditure (B) Assets - Liabilities (C) Capital + Liabilities (D) None of these

2 Answers 4 Views

(i) Excess of opening capital over closing capital of proprietor under single entry system.

2 Answers 5 Views

A statement of __________ is to be prepared in under to find out profit or loss under a single entry system.

2 Answers 5 Views

If closing capital is ₹ 30,000 and profit is ₹ 5,000 opening capital was __________

2 Answers 5 Views

Under single Entry system, Profit = Closing Capital less __________

2 Answers 4 Views

Under Single Entry System only ________ are opened.

2 Answers 5 Views

The single Entry System is based on certain rules and principles.

2 Answers 5 Views

All transactions are recorded in the Single Entry System

2 Answers 5 Views

Drawings made during the year decrease the profit under the Single Entry System.

2 Answers 7 Views

এক্সাম দিয়ে মেধা যাচাই করুন

Job Preparation (1125)

Admission (754)

এসএসসি (10)

এইচএসসি (5)