S Case Study for Ijarah 2 Below is the case study for the understanding of suggested Ijarah accounting: The ijarah rent is received on monthly basis. Example Asset Price Monthly rentals Tenure Security Deposit Delivery time Purchase date of the asset Useful life of the asset Residual value of the asset Case Study for Ijarah 2 DAN Pass the necessary journal entries on the date of purchase, delivery to the lessee, and for the receipt of the rent income for the first three months. Also pass the journal entry at the end of the useful life of the asset, considering that the asset is sold at 1000 Riyals after its useful life. AN The Hu Amount in Rs./% 2000 Riyals 60 Riyals 1 years 100 1 month 1-1-2016 12 months 100 Riyals