The journal entry for the recognition of unrestricted investment account in the books of the IFI would

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The journal entry for the recognition of unrestricted investment account in the books of the IFI would be:

a. Debit cash, Credit liability

b. Debit cash, Credit investment account (quasi-equity)

c. Debit investment account, Credit liability

d. Debit cash, Credit investment risk reserve

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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 03:31 AM

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The journal entry for the recognition of unrestricted investment account in the books of the IFI would

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Financial Reporting For Islamic Financial Institutions Accounting Standards Interpretation And Application

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