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  #1  
Old 30-10-2008, 02:13 PM
popstar popstar is offline
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Default how to calculate Closing Capital Balance

hi, I'm filling in my tax return and can't figure out how to calculate the closing capital balance. The revenue guide says it is the closing balance after accounting for drawings, capital introduced and the P&L. I've got my balance sheet for the year in from of me and have figures for drawings and capital introduced and profit. Can anyone simplify the formula for me?

Many thanks.
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  #2  
Old 30-10-2008, 02:27 PM
papervalue papervalue is offline
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Default Re: how to calculate Closing Capital Balance

Example

Opening Capital 01/01/07 x
Add Profit for the year x
Minus: Drawings for the year(x)
Closing capital 31/12/07 x

It should be same balance as balance on bottom of balance sheet.
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  #3  
Old 30-10-2008, 02:38 PM
popstar popstar is offline
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Default Re: how to calculate Closing Capital Balance

Many thanks, that's my form done!
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Old 24-04-2009, 10:25 AM
Vera Stanley Vera Stanley is offline
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Default Re: how to calculate Closing Capital Balance

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