SUGGESTED SOLUTIONS

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF SRI LANKA

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KE1 – Financial Accounting & Reporting Fundamentals

2015

Suggested Solutions (KE1) March 2015 (Sinhala medium) Page 2 of 15

1(a) 1.1.

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1(b) 1.11

1.12

1.13

: (1.1.4) -

1.

2.

-

-

-

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1.14

1.15

1.16

: (2.3.3) –

( )

( )

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1.17

1.18

: (4.3.1) –

i.

ii.

iii.

( )

( )

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1.19

1.20

( )

2,100,000–[2,270,000–420,000+(320,000–240,000)]= 170,000

( )

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2

-

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’

’

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’

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’

( )

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“ ˜”

“ ˜” suggested

solution

²

KE1 Financial Accounting & Reporting Fundamentals Executive Level Examination