Sri Lanka News Updates with Discussions

chennaiguuy
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Joined: Apr 2008
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12 Jun 2009 23:58:47 GMT Report for Abuse
SL Dumbo mate,

this helped me to remind few of the basic accountancy principles I learned some time back..

Ahhh...now i know why you are blabbering with no REAL knowledge of how accounting is being done !

Let me explain you Dumbo..

If there are more Profits, then More tax needs to be paid & also more dividend to be paid to the share holders. To avoid that, Directors in the company purchase assets that will show a dent in the profit.

Imagine if there is a profit of 10 crore, & they purchase 10 cars each worth 30 lakh, will it show the net profit still at 10 crores ?

BTW, did you pass your accounting exam ?

lol !

the company purchase assets that will show a dent in the profit

buuhaaaaa..mootan chennai..must be buying Toilet nadu hookers..already too many dents ..hak hak..

Sri Lanka won't beg for aid: central bank chief
Jun 12 (AFP) War ravaged Sri Lanka will not beg for foreign aid even as a 1.9 billion dollar bailout from the IMF has been delayed, the island's central bank chief said on Friday. 'We will never go after donors or lending agencies with a begging bowl. We are capable of standing on our own and raise funds through capital markets,' Central Bank of Sri Lanka Governor, Nivard Cabraal, told

Makaldeniya water project, A symbol of ethnic unity
Jun 13 (GD) Now we have water, K.Kandasami (61) a Tamil estate laborer murmured with utmost happiness looking at the children who are playing splashing water. The new water tap in his compound pours water on the parched land making the air smell as if a rain has fallen on the sand. Kandasami, a casual laborer said that this is like a dream. We never even dreamt of pipe borne water to our huts, but Gemidiriya made that dream a reality, he said. more..

Fat pig & LTTE is gone & history