People will need to know this.
Capital= Assets -Liabilities.
Basically, the value of the company is it’s assets, with debts deducted.
It can be expressed as an extended Accounting Equation. That incorporates Income and Expenditure.
Check through a set of the Frank Wood and Mr Songster.. the best manual bookkeeping, and theoretical accounting books.. They’re the bees knees of accounting.
More to follow?
Dave T.
Blogging again? 