Which of the following is correct, when ibra is recorded in the accounts? a. It shall be

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Which of the following is correct, when ibra is recorded in the accounts?

a. It shall be debited to the Murabaha Financing account.

b. It shall be treated as a liability.

c. It shall be taken out of the deferred profit account and credited to Murabaha Financing.

d. It shall be credited to the Murabaha Payables account and debited to cash.

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Related Book For answer-question

Principles Of Islamic Accounting

ISBN: 9781119023296

1st Edition

Authors: Nabil Baydoun, Maliah Sulaiman, Roger J. Willett, Shahul Ibrahim

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Question Posted: Jan 31, 2024 04:03 AM

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Which of the following is correct, when ibra is recorded in the accounts? a. It shall be

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Principles Of Islamic Accounting

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