In the books of the lessor, revenue from the Ijarah contract is recognised: a. As the estimated

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In the books of the lessor, revenue from the Ijarah contract is recognised:

a. As the estimated revenue income at the beginning of each accounting period

b. Proportionately in each accounting period on an accrual basis

c. Proportionately in each accounting period on a cash basis

d. As and when received from the lessee

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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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Question Posted: Mar 11, 2024 03:32 AM

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In the books of the lessor, revenue from the Ijarah contract is recognised: a. As the estimated

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Financial Reporting For Islamic Financial Institutions Accounting Standards Interpretation And Application

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