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Exercise Company A has entered into a mudharabah contract with Bank Shari'ah in which the company provides monetary capital of RM1,000,000. Company B who had

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Exercise Company A has entered into a mudharabah contract with Bank Shari'ah in which the company provides monetary capital of RM1,000,000. Company B who had agreed to invest RM1,000,000. The profit sharing between three of them is 2:1:1 for Company A, Company B and the Bank respectively. Bank Shari'ah entered into another mudharabah contract with Company C to undertake a housing development project. Bank's contribution in this project was RM3,000,000 and they had agreed on the profit-sharing ratio of 80:20 (Bank: Company C). Assume the following results of the venture: Year Profit/ (Loss) 1 (750,000) 2 700,000 3 1,500,000 You are required to: ii. Prepare accounting entries and T-accounts for URIA and Mudarabah financing

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