How do u calculate closing stock in training account?
Answers were Sorted based on User's Feedback
Answer / cheriyan chirapurath george
opening stock + purchase - sales = closing stock
Is This Answer Correct ? | 21 Yes | 0 No |
Answer / varma
Opening Stock+purchases-purchase Returns-sales+Sales
Returns = Closing Stock.
Is This Answer Correct ? | 6 Yes | 0 No |
Answer / bandaru ramesh
Opening stock + Purchase - closing stock = closing stock
Is This Answer Correct ? | 0 Yes | 4 No |
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Volga is a large manufacturing company in the private sector. In 2007 the company had a gross sale of Rs.980.2 crore. The other financial data for the company are given below: Items Rs. In crore Net worth 152.31 Borrowing 165.47 EBIT 43.17 Interest 34.39 Fixed cost (excluding interest) 118.23 You are required to calculate: a. Debt equity ratio b. Operating leverage c. Financial leverage d. Combined leverage. Interpret your results and comment on the Volga’s debt policy
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