The revenue and related profit under an Istisnaa contract are recorded in each financial period using: a.

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The revenue and related profit under an Istisna’a contract are recorded in each financial period using:

a. Percentage of completion method only

b. Cost to complete method only

c. Percentage of completion method or cost to complete method

d. Percentage of completion or completed contract method

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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 03:33 AM

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The revenue and related profit under an Istisnaa contract are recorded in each financial period using: a.

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Financial Reporting For Islamic Financial Institutions Accounting Standards Interpretation And Application

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