alleryOpening assets ₹2,00,000; opening liabilities ₹30,000; current surplus ₹40,000. Closing Capital Fund:
A₹2,10,000 fund balance
B₹1,70,000 fund balance
C₹2,40,000 fund balance
D₹2,70,000 fund balance
Answer & Solution
Correct answer: A. ₹2,10,000 fund balance
1. Opening Capital Fund = 2,00,000 − 30,000 = ₹1,70,000.
2. Add current year surplus ₹40,000.
3. Closing Capital Fund = 1,70,000 + 40,000 = ₹2,10,000.
_Source: ICAI BoS Foundation Paper 1, Ch 8 "NPO", §3.3 capital fund_
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