Answer Posted / mohd.nayeem islaahi
Personal A/c
Debit The receiver credit giver
Real A/c
Debit what comes in credit what goes out
Nominal A/c
Debit all expenses or losses credit All incomes or gains
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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 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