Zakat is payable only on growing capital. Growing capital is a. a fixed asset that can be
Question:
Zakat is payable only on ‘growing’ capital. Growing capital is
a. a fixed asset that can be expanded.
b. the realised gains on fixed assets.
c. the realised and unrealised gains on fixed assets.
d. the realised and unrealised gains on fixed and current assets.
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Zakat is an Islamic practice of charitable giving as a religious obligation or tax typically based o...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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