Citation:Wedage, C.M. & Aruppala, W.D.N. 2016. Is it a Liability or Other Income?. Case Studies in Accounting “Bridging the Gap”, 03: pp. 83-85. Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka.
Date:2016
Abstract:
ABC (PVT) LTD is a family owned limited liability company. The principal
activity of the company is rent & lease out of a modern office complex with high
quality facilities. During the period the company has written back a Rs.3.1 Mn
retention Payable balance as sundry income.
