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An increase in a liability or an equity account is a credit. The classical approach has three golden rules, one for each type of account: [15] Real accounts: Debit whatever comes in and credit whatever goes out. Personal accounts: Receiver's account is debited and giver's account is credited.
In finance, equity is an ownership interest in property that may be offset by debts or other liabilities. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets owned. For example, if someone owns a car worth $24,000 and owes $10,000 on the loan used to buy the car, the difference of $14,000 is equity.
In identifying that the loss of confidence may be in part due to the inherent weaknesses in the Colombo Stock Exchange's indices, CSE partnered with Standard & Poor to develop S&P SL20 Index, as an equity benchmark, set according to global standards, that will help investors gauge the performance of the Sri Lankan equity market.
Common ordinary equity (CEQ) represents the common shareholders' interest in the company. CEQ is a component of shareholders' equity total (SEQ). [1] CEQ is the sum of: Common/ordinary stock (capital) (CSTK) Capital surplus/share premium reserve (CAPS) Retained earnings (RE) less: Treasury stock total (all capital) (TSTK) CEQ includes:
Madura English–Sinhala Dictionary (Sinhala: මධුර ඉංග්රීසි–සිංහල ශබ්දකෝෂය) is a free electronic dictionary service developed by Madura Kulatunga.
IT in Sri Lanka is governed under the Information and Communication Technology Act No. 27 of 2003. [12] [13] Other Related Acts Electronic Transactions Act, No. 19 OF 2006; National Digital Policy for Sri Lanka; Data Protection Bill; Telecommunication Levy Act, No. 21 OF 2011; Telecommunication Levy Act(Amendment) Act, No. 8 OF 2013
Investment in shares in Sri Lanka and repatriation of proceeds take place through Share Investment External Rupee Accounts (SIERA) opened with licensed commercial banks. Income from investments such as interest, dividends, and profit realized from such investments are not subject to exchange control regulations by the Sri Lankan government.
ICTA was established on 12 May 2003 under the Information and Communication Technology Act, No. 27 of 2003, and strengthened by the ICT Amendment Act No. 33 of 2008. ICTA is functioning under the Ministry of Technology. The main thrust of ICTA is to set ICT policy as well as guide and direct national ICT development activities.