The following are relevant information pertair to the results of the business operations for Maisarah Islamic Window for the year 2020: Income from Operations 450 Expenses from Operations 136 Indirect Income (Fee Based) 40 Indirect Expenses 44 The above profit from operation is prior to the distribution of profit to mudharabah depositor The agreed profit sharing ratio between the E and mudharabah depositors is 60:40 respect Required: Assuming that the pooling Method is used, calculate the net profit/loss to the Islamic Bar (Before Tax and Zakat)

The following are relevant information pertair to the results of the business operations for Maisarah Islamic Window for the year 2020: Income from Operations 450 Expenses from Operations 136 Indirect Income (Fee Based) 40 Indirect Expenses 44 The above profit from operation is prior to the distribution of profit to mudharabah depositor The agreed profit sharing ratio between the E and mudharabah depositors is 60:40 respect Required: Assuming that the pooling Method is used, calculate the net profit/loss to the Islamic Bar (Before Tax and Zakat)

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 7PB: Review the select information for Liquor Plaza and Beer Buddies (industry competitors) and complete...

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