21. The double entries for the Hamish Jiddiah are: *

* :The double entries for the Hamish Jiddiah are .21 QUESTION 21-25 Please refer to the following statement. Aqilah wanted to buy 10 sewing machines and asked Waheed Islamic Bank Berhad to purchase for her the sewing machines. The cost of the machines was RM 40,000. The profit margin for the bank is 5% and the financing was for 5 years. Aqilah paid 3% from the cost price of the sewing machines as Hamish Jiddiah and concluded the purchase. A) Dr. Aqilah RM1,200 and Cr. Cash RM1,200 B) Dr. Cash RM1,200 Cr. Aqilah RM 1,200 C) Dr. Cash RM 2,000 Cr. Hamish Jiddiah RM 2,000 D) Dr. Aqilah RM 2,000 Cr. Cash RM 2,000 salsabi The double entries to recognise the above transactions in the contract.22 * are A)Dr. Mudharabah Financing RM50,000; Cr. Sewing Machines RM40,000 Cr. Unearned Income RM10,000 B)Dr. Musharakah Financing RM50,000; Cr. Sewing Machines RM40,000 Cr. Unearned Income RM10,000 C)Dr. Murabahah Financing RM50,000; Cr. Sewing Machines RM40,000 Cr. Unearned Income RM10,000 D) Dr. Mudharabah Financing RM40,000; Cr. Sewing Machines RM40,000 Cr. Unearned Income RM10,000 The double entries to recognise the installment received for the first.23 * .year are A) Dr. Cash RM 10,000 Cr. Mudharabah Financing RM 10,000 B) Dr. Cash RM 10,000 Cr. Musharakah Financing RM 10,000 C) Dr. Cash RM 10,000 Cr. Murabahah Financing RM 10,000 D) Dr. Cash RM 10,000 Cr. Ijarah Financing RM 10,000 saalzaki The late payment penalty was 1%. If Aqilah did not pay the second year.24 * ?installment, what would be the double entries A) Dr. Account Receivable RM 10,000 Cr. Mudharabah Financing RM 10,000 B) Dr. Cash RM 10,000 Cr. Ijarah Financing RM 10,000 C) Dr. Account Receivables RM 10,000 Cr. Musharakah Financing RM 10,000 D) Dr. Account Receivables RM 10,000 Cr. Murabahah Financing RM 10,000 3aalzaki The late payment penalty was 1%. If Aqilah did not pay the second year.25 * ?installment, how much is the late payment penalty A) RM 10,000 O B) RM 1,000 C) RM 100 D) RM 10