User talk:Ashoxrwere

Usual missing items are:- Opening/ Closing balances of Debtors, Credit Sales, and Amounts received from Debtors. When any of these items is missing from the question, it can be calculated by preparing the Trade Debtors Account as follows.

Trade Debtors Account (Total Debtors A/C)

In another way Credit Sales = Closing Debtors + Bad debts written off + Return inwards + Discount Allowed + Receipts from Debtors (Cash and Cheques)- Opening debtors

Opening/Closing balances of creditors/ Payments to creditors/ Credit purchases. When any of these items is missing, it can be calculated by preparing the following Trade Creditors A/C Trade Creditors Account (Total Creditors A/C)

Similarly Credit Purchases = Closing Creditors + Payments to Creditors (By cash and Cheques) + Discount Received + Return Outwards – Opening Creditors Opening or Closing Bank Balance: To calculate any of these, the bank a/c is to be prepared in T form by showing the receipts on the debit side and payments on the credit side. Bank A/C

The closing bank balance can be calculated in another way also as follows:-

Closing Bank Balance = Opening Balance + All Receipts – All Payments

Opening Capital:- It can be calculated by preparing opening Statement of Affairs by incorporating all the assets and liabilities on the opening date and calculating it as a balancing figure.