Which of the following statements are TRUE? I. Equity investments that are held for trading are liable
Question:
Which of the following statements are TRUE?
I. Equity investments that are held for trading are liable for zakat.
II. Wages payable are not liable for zakat.
III. Dividends received and receivable are not zakatable.
IV. Works in progress are not zakatable.
a. I, II, and III
b. II, III, and IV
c. I, II, and IV
d. III and IV
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Without the context of the subject matter principles or assumptions under which the statements are b...View the full answer
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Related Book For 
Principles Of Islamic Accounting
ISBN: 9781119023296
1st Edition
Authors: Nabil Baydoun, Maliah Sulaiman, Roger J. Willett, Shahul Ibrahim
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