Accounting for zakat and tax
ACCT 325 - Accounting for Zakat & Taxation PROJECT (Maximum Marks - 15) I have already shared, in the "Additional Materials" section on the Blackboard, the annual report of AL-MARAI COMPANY with you guys, please Download it. You need to go through & study this annual report and answer the following questions & show calculations wherever necessary. You have done a lot of Accounting Courses and should be able to extract this information easily from the Annual Reports shared. Guidelines, Pages and Notes for your Reference 1 (Pls refer Note - 24 from the Annual Report 2019 on Page#180) Submission Deadline - Thursday, April 08-WEEK - 12 Please submit in the same WORD Format, Pdf Files will not be accepted. No Answer will be accepted without supporting calculations (wherever applied) Submit through your official emails (in Groups), only the Group Leader will submit. My Email address is - hussainma@rcycl.edu.sa . ACCT 325 - Accounting for Zakat & Taxation NOTE : No Answer will be accepted without supporting calculations (wherever applied), Attach a separate sheet of paper, if necessary. Q-1 How much was the Net Profits for the Year ended December 31, 2019 ? Q-2 How Much was the Net Profits for the Year ended December 31, 2018 ? Q-3 How much Zakat they have paid on the Income of 2019 ? (Calculations are required) Q-4 How much Zakat they have paid on the income of 2018 ? (Calculations are required) Q-5 What was the Zakatable Base of Al-Marai Company in the years 2018 & 2019 ? (Calculations are required) ACCT 325 - Accounting for Zakat & Taxation PROJECT (Maximum Marks - 15) I have already shared, in the "Additional Materials" section on the Blackboard, the annual report of AL-MARAI COMPANY with you guys, please Download it. You need to go through & study this annual report and answer the following questions & show calculations wherever necessary. You have done a lot of Accounting Courses and should be able to extract this information easily from the Annual Reports shared. Guidelines, Pages and Notes for your Reference 1 (Pls refer Note - 24 from the Annual Report 2019 on Page#180) Submission Deadline - Thursday, April 08-WEEK - 12 Please submit in the same WORD Format, Pdf Files will not be accepted. No Answer will be accepted without supporting calculations (wherever applied) Submit through your official emails (in Groups), only the Group Leader will submit. My Email address is - hussainma@rcycl.edu.sa . ACCT 325 - Accounting for Zakat & Taxation NOTE : No Answer will be accepted without supporting calculations (wherever applied), Attach a separate sheet of paper, if necessary. Q-1 How much was the Net Profits for the Year ended December 31, 2019 ? Q-2 How Much was the Net Profits for the Year ended December 31, 2018 ? Q-3 How much Zakat they have paid on the Income of 2019 ? (Calculations are required) Q-4 How much Zakat they have paid on the income of 2018 ? (Calculations are required) Q-5 What was the Zakatable Base of Al-Marai Company in the years 2018 & 2019 ? (Calculations are required)
