A present economic obligation that is enforceable against an Islamic bank or financial institution. Enforcement entails settlement by means of...

An accounting principle that entails that for each credit/ debit entry made in one account, there is a corresponding entry…

An accounting principle that entails that for each credit/ debit entry made in one account, there is a corresponding entry…

An accounting principle that entails that for each credit/ debit entry made in one account, there is a corresponding entry…

A liability for which an entity (carrying it on its balance sheet) is not under obligation to settle it using...

A liability for which an entity (carrying it on its balance sheet) is not under obligation to settle it using...

A liability for which an entity (carrying it on its balance sheet) is not under obligation to settle it using...

In Arabic iflas (إفلاس). In general, it is a situation when a person runs short of funds. The bankrupt person…

An accounting term that comes from the Latin word "debere", which means "to owe". Debit is a journal entry that...

A liability that includes all debts that fall due within one year or during a firm’s operating cycle. Namely, current…