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.
QBU can choose which of the currencies to use as its functional currency. Â§ 1.985-1(c)(4). â¢ The functional currency of a QBU for U.S. GAAP ordinarily is accepted for tax purposes, provided the GAAP determination is based on similar factors. Â§ 1.985-1(c)(5). 15