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Debt- Equity ratio

This query is : Resolved 
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(Querist)
22 October 2008 Whether equity share capital application money is included in equity shareholder's fund for the purpose of calculating Debt/Equity ratio.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
22 October 2008 No.
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CA. Dashrath Maheshwari

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CA. Dashrath Maheshwari (Expert)
22 October 2008 SHARE APP MONEY IS NEITHER A CAPITAL NOR A LOAN NOR A RESERVE...
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