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Prepare extract of statement of comprehensive income

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Reference no: EM133020531

Question - Islamic Bank Kedah provides a financing facility to Jamal who would like to purchase his factory machinery which costs RM 200,000. The following terms and conditions of the contract are as follows:

a) Mark-up 10% on cost

b) Financing period is 5 years

c) Instalment payable on monthly basis

Required - Prepare extract of Statement of Comprehensive Income (Income Statement) for the 5 years period.

Reference no: EM133020531

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