Under AAOIFI, if an Islamic bank recovers receivables through pledged securities and the recovered amount exceeds the

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Under AAOIFI, if an Islamic bank recovers receivables through pledged securities and the recovered amount exceeds the outstanding amount, the bank will:

a. Debit cash, Credit accounts receivable, and Credit pledged securities

b. Debit cash and Credit Salam

c. Debit cash, Credit accounts receivable, and Credit accounts payable

d. Debit cash and accounts receivable and Credit Salam

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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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Under AAOIFI, if an Islamic bank recovers receivables through pledged securities and the recovered amount exceeds the

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Financial Reporting For Islamic Financial Institutions Accounting Standards Interpretation And Application

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