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What Is the Major Difference Between Islamic Religion and Western

Question 15

Multiple Choice

What is the major difference between Islamic religion and Western accounting practices which would make convergence of accounting standards difficult to achieve in Islamic countries?


A) The Islamic concept of stewardship is to God not the individual
B) Islam prevents debt financing and the payment of interest
C) Fundamental business ethics flow automatically from the religious practices rather than from codes of professional associations
D) The Islamic religion influences how people do business and make decisions

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