Volume 03 - 2016
Permanent URI for this collectionhttp://repository.kln.ac.lk/handle/123456789/12171
Browse
3 results
Search Results
Item Classification Issue of Non-Current Assets(Department of Accountancy, University of Kelaniya, 2016) Chandrarathna, A.G.K.; Thilakarathna, P.M.C.ABC Ltd is a company incorporated and domiciled in Sri Lanka. Company has a building which owns to them and it has two floors. They have marketing department, information technology department and Accounts department in the second floor. But the first floor is rented out to a foreign customer.Item Is it a Plan Asset or a Separate Investment?(Department of Accountancy, University of Kelaniya, 2016) Chandrasoma, S.D.H.P.; Thilakarathna, P.M.C.PQR Company Ltd is a manufacturing company of toy kits for small babies. The products are a result of higher labour effort. The workforce of the company comprised of about two hundred and sixty employees. PQR Company does not trade any debt or equity instruments in the public market. Hence, the company was identified as a small and medium sized entity. They were having a policy of gratuity payment for the employees as follows.Item Recognition of Investment Property(Department of Accountancy, University of Kelaniya, 2016) Chandrarathna, A.G.K.; Thilakarathna, P.M.C.ABC is one of the Manufacturing Companies in Sri Lanka and operating as the market leader for roofing sheets in Sri Lanka. XYZ is a fully owned subsidiary of ABC. ABC company acquired a land in 2010 for Rs:50,000,000/= and this land was leased to XYZ on operating lease for 40 years lease term which has annual lease value of Rs. 14,404,200/=.They have entered in to that lease agreement in 2013.