Head of Accounts

Suspense account

No account should be opened

Difference on exchange account

Foreign exchange account

Debit side of creditor control a/c

Credit side of creditor control a/c

Debit side of debtor control a/c

Credit side of debtor control a/c

Credited to capital account

Debited to capital account

No treatment or adjustment needed

Credited to current account

Limited

Unlimited

Limited to the business capital

None of these

$500 will be credited

$500 will be debited

$1000 will be credited

$1000 will be debited

$1000 will be debited in the debtor control a/c

$1000 will be credited in the debtor control a/c

No adjustment required

$500 will be debited in the debtor control a/c

A0000

F0000

G0000

H0000

Ministry of Islamic studies Affairs

Ministry of Religious Affairs, Zakat and Ushr

Ministry of Zakat

None of these

Value of whole business = Profit / Reasonable rate of returns x 100

Value of whole business = Total assets / Reasonable rate of returns x 100

Value of whole business = Equity-Net asset

None of these

General partnership

Partnership-at-will

Limited partnership

Registered partnership