Islamic financial statements share the same broad classifications as conventional financial statements. However, a value-added statement is
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Islamic financial statements share the same broad classifications as conventional financial statements. However, a value-added statement is an important outcome of the Islamic financial accounting system. Explain why the similarity exists, and indicate the reasons for the emphasis on the VAS.
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Islamic financial statements share the same broad classifications as conventional financial statements because they both deal with economic activities ...View the full answer
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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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