70% of Sri Lankan Tamils in Sri Lanka live in the Northern and Eastern provinces. Although Sri Lankan Tamils are culturally and linguistically distinct, genetic studies indicate that they are closely related to Sinhalese ethnic group in the island.
DEFINITION of 'Reporting Currency'. The currency which is used for an entity's financial statements. The reporting currency in financial statements and other financial reports are easiest to understand when they are compiled using only one currency.
There are two primary accounting methods used by businesses in recording and reporting financial transactions: cash-basis accounting and accrual-basis accounting. The difference between the two determines when income and expenses are recorded, which can have an effect on profit and loss, as well as income taxes.