Closing Capital
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MS: Modal Akhir · EN: Closing Capital · ZH: 期末资本
Meaning
Closing Capital is the capital at the end of an accounting period, that is, total assets minus total liabilities at year end. It is obtained from the closing Statement of Affairs. Closing capital is compared with opening capital to calculate net profit or loss.
Example
On 31 December, Seri Boutique has assets of RM24,000 and liabilities of RM2,000. Closing capital = 24,000 - 2,000 = RM22,000.
Source: DSKP KSSM Prinsip Perakaunan Tingkatan 5