Divided the stuff into question part a and part b Religion is sincerity.’ We said: ‘To whom?’ The Prophet said: ‘To Allah, his Book, his Messenger, the leaders of the Muslims and to their common people It talks about religion …
1.1 Wives Called Ummahat Ul Mominin Mothers of the faithful States even in the Quran 1.2 Hazrat Khadija Called Tahira – meaning the pure Was married twice before and had children from previous marriages Ran her father’s inherited business Was …
1.1 Arabia before Holy Prophet(PBUH)’s birth: The time was known as Age of Ignorance for Arabia Polytheist community Wrapped in the darkness of idol worship Idols in every house and also in Ka’abah Worship of stones and trees Vices like …
1.1 Revelation of Quran Process The Holy prophet PHUH started retreating and meditating for hours and days as he approached the age of 40 Thought about the wrong situation of the society around him Ghar-e-Hira or the Cave of Hira …
1.1 Basic Concepts There are multiple themes that can be identified in the Holy Quran. Some themes are more dominant than the others. Here, we are considered with three major themes Allah in Himself Allah’s Relationship with the Created World …
Also called the books of original entry The place where entries are entered for the first time. First instance recording They are part of single entry system, have to be converted to dual entry system A transaction goes to source …
Advantages of operating as a limited company Limited liability: The liability of the shareholder is limited to the amount they have invested in the company. Personal assets are safe Separate Legal Identity: A company is incorporated which means it can …
Clubs and societies have two different types of revenue streams. First, the membership fee. It can be paid, prepaid or accrued. Secondly, it can make money from canteens and other side businesses as well. Receipts and Payments Account It can …
Comparability By using international accounting standards, we can compare the statements prepared in two different areas and times to each other. Relevance The accounting system should provide information that can help the end users of the information to make crucial …
Main Ratios Margin The word margin means that you are taking something as a percentage of net sales. Remember, it’s net sales, which means sales – sales returns. If we simply say margin, then we assume it to be gross …