The accounting entries in the lessors books for the transfer of Ijarah assets through a gift transaction

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The accounting entries in the lessor’s books for the transfer of Ijarah assets through a gift transaction in Ijarah MBT will be:

a. Dr. Ijarah Asset; Cr. Accumulated Depreciation

b. Dr. Cash; Cr. Ijarah Asset

c. Dr. Accumulated Depreciation; Cr. Ijarah Asset

d. None of the above

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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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The accounting entries in the lessors books for the transfer of Ijarah assets through a gift transaction

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Financial Reporting For Islamic Financial Institutions Accounting Standards Interpretation And Application

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