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Generate value cash require periodic revaluation of assets

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Reference no: EM133081951

The measurement basis commonly used by Islamic entities in the preparation of financial statements is historical cost. Use of value measurement on realization/settlement to generate value cash (or cash equivalents) require periodic revaluation of assets, liabilities and temporary syirkah funds.

Mention what principles can be used to ensure reliability in revaluing these temporary syirkah assets, liabilities and funds!

Reference no: EM133081951

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