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course name (Islamic accounting) 7-The adjusting entry for accrued expenses should debit the expenses account and credit the asset account. debit the expenses account and
course name (Islamic accounting)
7-The adjusting entry for accrued expenses should
debit the expenses account and credit the asset account. debit the expenses account and credit the liability account. debit the asset account and credit the income account. debit the liability account and credit the income account.
8-Asset book value can be defined as
historical cost market value replacement value cost less accumulated depreciation
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