what is accural ledger
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Answer / mrityunjoy dubey
accrual sytem of accounting signify the method in which we
should provide all the recurring expenses of the year in
the final accout as well as all the capital expenditure
made in the year should be reflected in balancesheet
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Answer / rajendra prasad
Recognition of revenue and costs as they are earned or
incurred(and not as money is received or paid.) It includes
recognition of transactions relating to assets and
liabilities as they occured irrespective of the actual
receipts or payments.
| Is This Answer Correct ? | 1 Yes | 0 No |
Ledger
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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