Accountancy Forum

Full Version: Accounting of Partnership Profits in Islam
You're currently viewing a stripped down version of our content. View the full version with proper formatting.
What procedure should be adopted while determining the profit of a partnership firm under Islam?

Whether single entry accounting system or double entry accounting system will be adopted while making accounts of a partnership firm or company ?

Whether accrual basis of accounting or cash basis of accounting shall be used under sharia to determine profit of a company?