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Accounting of Partnership Profits in Islam
02-03-2009, 09:45 PM,
#1
Accounting of Partnership Profits in Islam
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?
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