Why is a current value balance sheet important for an Islamic society? a. To indicate there is
Question:
Why is a current value balance sheet important for an Islamic society?
a. To indicate there is inflation
b. To ensure that shareholders are not cheated
c. To calculate zakat
d. For the auditors, as auditors require current values to be reported
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The correct answer to this question would be C To calculate Zakat A current value balance sheet is c...View the full answer
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Had an experience as an external auditor in Ernst & Young Philippines and currently a Corporate Accountant in a consultancy company providing manpower to a 5-star hotel in Makati, Philippines, Makati Diamond Residences
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Related Book For
Principles Of Islamic Accounting
ISBN: 9781119023296
1st Edition
Authors: Nabil Baydoun, Maliah Sulaiman, Roger J. Willett, Shahul Ibrahim
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