The journal entry to record the utilisation of the Investment Risk Reserve (IRR) to maintain the base
Question:
The journal entry to record the utilisation of the Investment Risk Reserve (IRR) to maintain the base amount of investment funds attributable to the investment account holders would be:
a. Debit investment accounts (quasi-equity), Credit IRR
(quasi-equity)
b. Debit IRR (quasi-equity), Credit investment accounts
(quasi-equity)
c. Debit investment accounts (investor’s equity), Credit cash
d. Debit cash, Credit investment accounts (investor’s equity)
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Related Book For 
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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