The AAOIFI Conceptual Framework defines the following elements of the financial statements: a. Assets, liabilities, quasi-equity, owners

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The AAOIFI Conceptual Framework defines the following elements of the financial statements:

a. Assets, liabilities, quasi-equity, owners’ equity, and income and expenses

b. Assets, liabilities, owners’ equity, and income and expenses

c. Assets, liabilities, quasi-equity, and income and expenses

d. Assets, liabilities, quasi-equity, owners’ equity, and profits

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Related Book For  answer-question

Financial Reporting For Islamic Financial Institutions Accounting Standards Interpretation And Application

ISBN: 9781032464022

1st Edition

Authors: Abdul Rauf Mahar, Ayesha Bhatti, Muhammad Junaid Ashraf, Asfand Zubair Malik

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