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the entrys 26. On 2012 Bank Shari'ah Malaysia Berhad contributed $2,000,000 cash for a five year Mudaraba contract (Mudarabah Muqayaddah) for property development project to
the entrys 26. On 2012 Bank Shari'ah Malaysia Berhad contributed $2,000,000 cash for a five year Mudaraba contract (Mudarabah Muqayaddah) for property development project to Shah Alam Sdn. Bhd, as follow: On 1st Oct. 2012 paid cash of $800,000 to Shah Alam Sdn. Bhd. On 15th Oct. 2012 the bank provided building for $250,000 that was used by bank for Ijara contracts. The book value of the building was 275,000. On 25th Oct. 2012 the bank provided crane for $450,000 that was used in Istana contract. The carrying value of the crane was $400,000 On 30th Oct. 2012 the bank provided $500,000 cash to Shah Alam Sdn. Bhd. However, the profit sharing ratio agreed by both parties is 8:4 between the Bank (Rabb al-Mal) and Shah Alam Sdn. Bhd. (Mudarib), respectively. The project incurred loss of $240,000 in the first year, realized profit $750,000 in the second year, realized profit of $900,000 in the third year, incurred loss of $440,000 in the fourth year, and realized profit of $600,000 in the fifth year. NOTE: USE THE ABOVE INFORMATION TO ANSWER QUESTIONS FROM 29 - 35. NOTE: YOU HAVE TO WRITE 10 ENTRIES. NOTE: SHOW YOUR CALCULATION WHERE NEEDED. 26. On 2012 Bank Shari'ah Malaysia Berhad contributed $2,000,000 cash for a five year Mudaraba contract (Mudarabah Muqayaddah) for property development project to Shah Alam Sdn. Bhd. as follow: On 1st Oct. 2012 paid cash of $800,000 to Shah Alam Sdn. Bhd. On 15th Oct. 2012 the bank provided building for $250,000 that was used by bank for ijara contracts. The book value of the building was 275,000. On 25th Oct. 2012 the bank provided crane for $450,000 that was used in Istana' contract. The carrying value of the crane was $400,000. On 30th Oct. 2012 the bank provided $500,000 cash to Shah Alam Sdn. Bhd. However, the profit sharing ratio agreed by both parties is 8:4 between the Bank (Rabb al-Mal) and Shah Alam Sdn. Bhd. (Mudarib), respectively. The project incurred loss of $240,000 in the first year, realized profit $750,000 in the second year, realized profit of $900,000 in the third year, incurred loss of $440,000 in the fourth year, and realized profit of $600,000 in the fifth year. 26. On 2012 Bank Shari'ah Malaysia Berhad contributed $2,000,000 cash for a five year Mudaraba contract (Mudarabah Muqayaddah) for property development project to Shah Alam Sdn. Bhd, as follow: On 1st Oct. 2012 paid cash of $800,000 to Shah Alam Sdn. Bhd. On 15th Oct. 2012 the bank provided building for $250,000 that was used by bank for Ijara contracts. The book value of the building was 275,000. On 25th Oct. 2012 the bank provided crane for $450,000 that was used in Istana contract. The carrying value of the crane was $400,000 On 30th Oct. 2012 the bank provided $500,000 cash to Shah Alam Sdn. Bhd. However, the profit sharing ratio agreed by both parties is 8:4 between the Bank (Rabb al-Mal) and Shah Alam Sdn. Bhd. (Mudarib), respectively. The project incurred loss of $240,000 in the first year, realized profit $750,000 in the second year, realized profit of $900,000 in the third year, incurred loss of $440,000 in the fourth year, and realized profit of $600,000 in the fifth year. NOTE: USE THE ABOVE INFORMATION TO ANSWER QUESTIONS FROM 29 - 35. NOTE: YOU HAVE TO WRITE 10 ENTRIES. NOTE: SHOW YOUR CALCULATION WHERE NEEDED. 26. On 2012 Bank Shari'ah Malaysia Berhad contributed $2,000,000 cash for a five year Mudaraba contract (Mudarabah Muqayaddah) for property development project to Shah Alam Sdn. Bhd. as follow: On 1st Oct. 2012 paid cash of $800,000 to Shah Alam Sdn. Bhd. On 15th Oct. 2012 the bank provided building for $250,000 that was used by bank for ijara contracts. The book value of the building was 275,000. On 25th Oct. 2012 the bank provided crane for $450,000 that was used in Istana' contract. The carrying value of the crane was $400,000. On 30th Oct. 2012 the bank provided $500,000 cash to Shah Alam Sdn. Bhd. However, the profit sharing ratio agreed by both parties is 8:4 between the Bank (Rabb al-Mal) and Shah Alam Sdn. Bhd. (Mudarib), respectively. The project incurred loss of $240,000 in the first year, realized profit $750,000 in the second year, realized profit of $900,000 in the third year, incurred loss of $440,000 in the fourth year, and realized profit of $600,000 in the fifth year
the entrys
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