Abstract:
ABC Active (Pvt) LTD is a separate legal entity under Active cluster of ABC (Pvt)
LTD. ABC (Pvt) LTD is a $1.2 bn conglomerate and is positioned as one of the
world’s most recognized Design–to-Delivery Solution Providers in the realm of
Apparel and Textile Manufacturing. Being one of the largest production plants
in Sri Lanka, ABC Active (Pvt) LTD owns 03 plants of production comprised with
Knitting, Dyeing & Sewing production floors.
ABC Active involves high technical knitting machines for their vibrant
production process. Discrepancy identified here is that management recognizes
total expense in the quotation as cost of a knitting machine although the
payment of the asset is based on a deferred scheme.
