Question
current discounts Current assets 60,000 notes payable 70,000 creditors 60,000 cash 90,000 debtors 100,000 items 130,000 total 250000 total Property rights net fixed assets 400,000
current discounts | Current assets |
60,000 notes payable 70,000 creditors | 60,000 cash 90,000 debtors 100,000 items |
130,000 total | 250000 total |
Property rights | net fixed assets |
400,000 capital 70,000 profit for the year | 90,000 cars 60,000 Furniture 200,000 buildings |
470000 Total | 350000 Total |
600000 Total Liabilities and Equity | 600000 total assets |
Required: a. Determining the zakat base by the method of using funds and determining the amount of zakat due? B. Determine the zakat base indirect way sources of funds? c. Explain the extent to which the results agree and how different the two methods are.
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