Ch 1 | Q45). The capital accounts of Tisha and Divya showed balances of ₹ 10,00,000 and ₹ 7,50,000.

[@pukubrother]

sir, here, while calculating opening capital why are we not considering IOD and IOC?

[@thecreator9505]

Because ioc and iod have not been valued yet. They aren't included in opening capital. They are adjusted when they are included in opening capital from the beginning

[@dhruvgargp]

And talking about IOD, the question states that "after taking into account drawings and net profit of ₹ 5,00,000."
Means the closing capital is calculated without considering IOD.
So, while calculating the opening capital we also would not consider IOD.

[@dhruvgargp]

If you have any other doubt, in any video, pls comment.
You will surely get reply☺🙏

[@pukubrother]

@@thecreator9505 thankyou!

[@pukubrother]

@@dhruvgargp okay, thank you sir