Non- Recognition of Capital and Revenue Expenditure
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Date
2016
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Department of Accountancy, University of Kelaniya
Abstract
The NOP Lanka Ltd is a manufacturing organization and their prime activity is
recycling of lead acid battery scrap and smelting of lead concentrate to produce
lead ingots and polypropylene chips. For the production Battery scrap is
collected from all over the country. NOP Lanka has 600 ton production capacity
of led ingot per month.
In NOP Lanka, They use major plant to recycling, lead heating, smelting the lead
and after certain time company replaced the major components of the plant
during the period. In this case study it has been discussed whether these
expenses come under capital nature or recurring expenses.
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Citation
Rathnasekara, R.T.A.K.L. & Perera, P.R.M.R. 2016. Non- Recognition of Capital and Revenue Expenditure. Case Studies in Accounting “Bridging the Gap”, 03: pp. 80-82. Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka.