MPR sanjay Kumar (CA student) (216 Points)
16 February 2021
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 16 February 2021
People do follow usual formulas, but I think it’s debt and equity capital from previous year will be current o/b. Then subtract drawings and add additional capital raised. Again subtract the amount of money transferred to reserves. The final amount will be closing balance. Next, use schedule three to find the equity capital balances
CAclubindia
