Which of the following statements about market values is not correct? a. Central to Islamic accounting is

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Which of the following statements about market values is not correct?

a. Central to Islamic accounting is the use of current values for the correct computation of zakat.

b. Current values, when measured accurately, contain more information than actual costs.

c. Capital maintenance is an important driver of the choice of the valuation method adopted.

d. The maintenance of nominal capital favours the use of current values.

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Related Book For  answer-question

Principles Of Islamic Accounting

ISBN: 9781119023296

1st Edition

Authors: Nabil Baydoun, Maliah Sulaiman, Roger J. Willett, Shahul Ibrahim

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