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+--- Thread: Accounting of Partnership Profits in Islam (/showthread.php?tid=5375)
Accounting of Partnership Profits in Islam - awaisaftab - 02-03-2009
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?