What transaction principles are used in the transactions

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Reference no: EM132817449

Bank Syariah Zamzam (BSZ) enters into sale and purchase transactions of SUVs with customers named Mrs. Anisa. Bank Syariah Zamzam (BSZ) orders SUV cars to dealers Baraqa. After an agreement was made, on June 1, Bank Syariah Zamzam (BSZ) purchase an SUV from a Baraqa Dealer for IDR 200,000,000. Next on June 5, Zamzam Syariah Bank (BSZ) entered into an agreement with Mrs. Anisa sale and purchase transactions of SUV cars with an agreed profit of IDR 20,000,000 The sale and purchase payment is made in a tough manner for a period of 10 months and done every 5th of IDR 22,000,000 (in bank administration every installments are distributed for principal installments of IDR 20,000,000 and for a margin payment of IDR 2,000,000). On July 5, Mrs. Anisa performed payment of the first installment.

Problem 1: What transaction principles are used in the above transactions? Next You are asked to journal the transactions carried out by the Zamzam Syariah Bank according to the sequence of events!

Reference no: EM132817449

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