The following are relevant information pertaining to the results of the business operations for Maisarah Islamic Window for the year 2020: Income from Operations 3500000 Expenses from Operations 1200000 Indirect Income (Fee Based) 480000 Indirect Expenses 340000 The above profit from operation is prior to the distribution of profit to mudharabah depositors. The agreed profit sharing ratio between the Bank and mudharabah depositors is 60 40 respectively Required Assuming that the Separate Investment Account Method SIAM is used, calculate the net profitloss to the Islamic Bank (Before Tax and Zakat)

The following are relevant information pertaining to the results of the business operations for Maisarah Islamic Window for the year 2020: Income from Operations 3500000 Expenses from Operations 1200000 Indirect Income (Fee Based) 480000 Indirect Expenses 340000 The above profit from operation is prior to the distribution of profit to mudharabah depositors. The agreed profit sharing ratio between the Bank and mudharabah depositors is 60 40 respectively Required Assuming that the Separate Investment Account Method SIAM is used, calculate the net profitloss to the Islamic Bank (Before Tax and Zakat)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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In 2020, HK company has net credit sales of 925,000S for the year. It had a beginning accountreceivable (net) balance of 38,000$ and an ending account receivable (net) balance of 36,000$. The HK company account receivable turnoveris a. 24.3 Ob. 25.7 Dic. 25 d. 22
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