Technically NET ASSETS = CAPITAL (Closing). This being the VERTICAL approach. However under IAS standards for a company we have now reverted back to the HORIZONTAL approach but displaying it VERTICALLY i.e. Assets = Capital + Liabilities rather than Assets - Liabilities = Capital.
The horizontal approach being represented via the account ledgers (T-accounts). Where Assets are on the left (debit) and Liabilities and Capital being on the right (credit).