What will be the entry for the Zakah payment made by the IFI? a. Dr. Cash/Bank Cr.

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What will be the entry for the Zakah payment made by the IFI?

a. Dr. Cash/Bank Cr. Zakah payable

b. Dr. Zakah payable Cr. Cash/Bank

c. Dr. Zakah expense Cr. Cash/Bank

d. Dr. Cash/Bank Cr. Zakah expense

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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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Question Posted: Mar 11, 2024 03:31 AM

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What will be the entry for the Zakah payment made by the IFI? a. Dr. Cash/Bank Cr.

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Financial Reporting For Islamic Financial Institutions Accounting Standards Interpretation And Application

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