Answer Posted / megharaaj

UNDER LIABILITY

CAPITAL / SHARE CAPITAL
LOANS LIABILITY (Secured loan & Un Secured Loan)
CURRENT LIABILITIES (S.Creditors, Duties taxes,Out standing
liability, Provisions & Payables)
RESERVES AND SURPLUS / PROFIT

UNDER ASSETS
FIXED ASSETS
CURRENT ASSETS (Closing Stock, loans & Advances,
S.Debtors,Cash and Bank Investments etc)
INTANGIBLE ASSETS
NET LOSS

TRADING ACCOUNT
Debit Side (Left Side)
Opening Stock
Purchase
Direct Expenses
Gross Profit

Credit Side (Right Side)
Sales
Closing Stock
Net Loss (if it is under loss)

PROFIT & LOSS A/c

Debit Side
Expenses
Net Profit

Credit Side
Gross Profit
Indirect Income



Megharaaj, Mysore

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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