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please could you answer me the correct way? Question 4. Annwar is a manufacturer of plastic containers. The statement of financial position as of December
please could you answer me the correct way?
Question 4. Annwar is a manufacturer of plastic containers. The statement of financial position as of December 31st, 2019, is shown in Table 1 below. 4 marks RM RM Current liabilities Trade creditors Accrued expenses 5,000 20,000 Current assets Cash in hand Bank Trade debtors Closing stock Work in progress 30,000 15,000 50,000 45,000 42,000 Fixed assets Property, plant, and equipment Real estate investments 100,000 100,000 442,000 Capital Reserves Profit 267,000 120,000 30,000 442,000 The following have not been adjusted: a) The personal drawings of Annwar for the year amounted to RM200,000. b) Annwar also donated RM20,000 to his favorite charity in November. c) There is obsolete stock amounting to RM5,000. Required: Determine the zakat payable by AnnwarStep by Step Solution
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