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stephen72


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capital balance
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Hi ,
        I am sure it is just me being thick but i am trying to work out the opening balance for the capital account using the figures from last years balance sheet and i am not sure if i have done it correctly .i am not sure as i keeo getting a negative figure i realise that you can have a negative figure for the capital account but it doesn't look right.The figures from the balance sheet are

brought forward april 07   3171
profit for the year             11211
drawings                          -16599

any help would be greatly appreciated
stephen  

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semsley


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Well it will be a negative figure 'cos the drawings are more than the b/f and the profit.

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Advice from beyond the grave!!!

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BackOfficeGroup


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if you are saying the balances are
b/f CR 3171
NP CR 11211
Draw DR 16599

then yes the c/f will be DR 2217

Just means they have taken out more than they have earned.

P

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