Is it a Revenue or Liability?

Ariyarathna, K.G.K.S.; Aruppala, W.D.N.

dc.contributor.author	Ariyarathna, K.G.K.S.
dc.contributor.author	Aruppala, W.D.N.
dc.date.accessioned	2016-03-16T06:22:49Z
dc.date.available	2016-03-16T06:22:49Z
dc.date.issued	2016
dc.identifier.citation	Ariyarathna, K.G.K.S. & Aruppala, W.D.N. 2016. Is it a Revenue or Liability?. Case Studies in Accounting “Bridging the Gap”, 03: pp. 28-29. Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka.	en_US
dc.identifier.uri	http://repository.kln.ac.lk/handle/123456789/12181
dc.description.abstract	ABC finance PLC is a leading Islamic finance provider in Sri Lanka. It provides lease, Hire purchase and loan facilities to customers. Company is using different jargons to introduce products In the Islamic unit loan lease products are called as Murabha and Ijahra respectively. Islamic finance is been conducting accordance with the principles of sharia law. Sharia law prohibits acceptance of specific interest penal interest and fees for loans. Company recognizes interest under profit share. Though company is charging and collecting penal interest for due rentals, it is not recognized to the period profit. This practice has been created an issue with accounting standers and financial reporting frame work.	en_US
dc.language.iso	en	en_US
dc.publisher	Department of Accountancy, University of Kelaniya	en_US
dc.title	Is it a Revenue or Liability?	en_US
dc.type	Article	en_US