Which of the following statements about market values is not correct? a. Central to Islamic accounting is
Question:
Which of the following statements about market values is not correct?
a. Central to Islamic accounting is the use of current values for the correct computation of zakat.
b. Current values, when measured accurately, contain more information than actual costs.
c. Capital maintenance is an important driver of the choice of the valuation method adopted.
d. The maintenance of nominal capital favours the use of current values.
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The statement that is not correct about market values is d The maintenance of nominal capital favour...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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