Inappropriate Recognition of PPE
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Date
2016
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Department of Accountancy, University of Kelaniya
Abstract
LMN Company is a leading company which operates in the manufacturing
industry. The company manufactures and sells aluminum extrusions. Sales of
the company are carrying out by sales outlets and dealers, and also the company
export the extrusions as well.
The company manufactures extrusions in their own manufacturing plants,
therefore the company possesses significant amount of non-current assets
which are categorized in to various classes of assets.
The company require huge amount of power to operate their machines. They
can’t satisfy with the electricity supply which received from general electricity
line. Therefore LMN Company has established a transformer in their factory
premises after entering the agreement with Ceylon Electricity Board (CEB).
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Citation
Dissanayake, D.M.N.P. & Karunarathne, W.V.A.D. 2016. Inappropriate Recognition of PPE. Case Studies in Accounting “Bridging the Gap”, 03: pp. 17-19. Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka.