Which account is debited by the IFI when the amount of shareholders Zakah exceeds their distributable profits?
Question:
Which account is debited by the IFI when the amount of shareholders’ Zakah exceeds their distributable profits?
a. Cash/Bank
b. Payables
c. Receivables
d. Zakah expense
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Muhammad Umair
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Related Book For 
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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