what is the meaning of Accrual Concept?
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Answer Posted / abdullah amer
Accural Concept implies that revenue is recognizes in the
period in which it is earned irrespective of the fact
whether it is received or not during that period.
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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
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