Core Accounting System Formats: Capital Account Format (Copy)
Capital Account Format
Standard Capital Account (T-Account) Layout
Capital Account
| Debit (Dr) | Amount | Credit (Cr) | Amount |
|---|---|---|---|
| Date | Details | xxxx | Date |
- Account Title Written Clearly At The Top
- Debit Side On The Left, Credit Side On The Right
- Separate Amount Columns Required
Typical Entries Shown In Capital Account (Format Reference)
Debit Side May Include
- Drawings
- Balance c/d (If Capital Has Credit Balance)
Credit Side May Include
- Capital Introduced
- Profit For The Year
- Balance b/d
Written And Compiled By Sir Hunain Zia (AYLOTI), World Record Holder With 154 Total A Grades, 7 Distinctions And 11 World Records For Educate A Change AS Level Accounting Full Scale Course
Capital Account With Balancing Format
| Debit (Dr) | Amount | Credit (Cr) | Amount |
|---|---|---|---|
| Date | Drawings | xxxx | Date |
| Balance c/d | xxxx | Date | |
- Balance c/d Inserted On The Side With Lower Total
- Balance b/d Brought Down On The Opposite Side
- Straight Lines Used To Show Totals
Capital Account Without Date Column (Accepted)
| Debit (Dr) | Amount | Credit (Cr) | Amount |
|---|---|---|---|
| Drawings | xxxx | Capital | xxxx |
| Balance c/d | xxxx | Profit | xxxx |
| Balance b/d |
- Used When Dates Are Not Provided
- Headings Must Still Be Clear
Written And Compiled By Sir Hunain Zia (AYLOTI), World Record Holder With 154 Total A Grades, 7 Distinctions And 11 World Records For Educate A Change AS Level Accounting Full Scale Course
Capital Account With Reference Column (Optional)
| Date | Details | Ref | Amount | Date | Details | Ref | Amount |
|---|
- Reference Column Optional
- Used To Link With Ledger Or Journal
Capital Account For Sole Trader (Exam Standard)
- Only One Capital Account Maintained
- Capital Account Usually Has Credit Balance
- Drawings Never Shown On Credit Side
Capital Account Presentation Rules (Exam Scoring)
- Capital Always Appears On Credit Side Initially
- Drawings Always Appear On Debit Side
- Profit Increases Capital (Credit)
- Loss Decreases Capital (Debit)
Written And Compiled By Sir Hunain Zia (AYLOTI), World Record Holder With 154 Total A Grades, 7 Distinctions And 11 World Records For Educate A Change AS Level Accounting Full Scale Course
Compact Capital Account Format (Short Questions)
Capital Account
| Dr | Cr |
|---|---|
| Drawings xxxx | Capital xxxx |
| Balance c/d xxxx | Profit xxxx |
| Balance b/d xxxx |
Common Capital Account Labels Used In Exams
- Balance c/d = Balance Carried Down
- Balance b/d = Balance Brought Down
- Capital Introduced / Capital At Bank
- Drawings
One-Line Emergency Exam Template
Capital Account
Debit: Drawings
Credit: Capital, Profit
Written And Compiled By Sir Hunain Zia (AYLOTI), World Record Holder With 154 Total A Grades, 7 Distinctions And 11 World Records For Educate A Change AS Level Accounting Full Scale Course