How to Calculate Opening Balance - Accountancy Net
https://www.accountancynet.co.uk/how-to-calculate-opening-balance/
WEBUsing the formula: Opening Balance = Total Assets – Total Liabilities Opening Balance = $100,000 – $40,000 Opening Balance = $60,000. In this example, XYZ Mart’s opening balance for the accounting period is $60,000. Common Mistakes to Avoid.
DA: 20 PA: 26 MOZ Rank: 98