C carrielou Registered User Messages 257 1 Nov 2013 #1 Bit of a mind block happening here if you can please help me. Which figure is my closing capital balance, €18460 or €10464. FIXED ASSETS €15021 Current Assets: Bank/Cash 3439 TOTAL ASSETS: €18460 LIABILITIES Capital Opening Balance 2 NET PROFIT: €42006 DRAWINGS: €31544 CAPITAL EMPLOYED €10464 CREDITORS €946 LONG TERM CREDITORS €7050 CURRENT LIABILITIES €7996 TOTAL LIABILITIES €18460
Bit of a mind block happening here if you can please help me. Which figure is my closing capital balance, €18460 or €10464. FIXED ASSETS €15021 Current Assets: Bank/Cash 3439 TOTAL ASSETS: €18460 LIABILITIES Capital Opening Balance 2 NET PROFIT: €42006 DRAWINGS: €31544 CAPITAL EMPLOYED €10464 CREDITORS €946 LONG TERM CREDITORS €7050 CURRENT LIABILITIES €7996 TOTAL LIABILITIES €18460
P Paddy199 Registered User Messages 482 1 Nov 2013 #2 €10,464 but Long term liabilities are not included in current liabilities.