Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 11 Basil owns an amount of 60,000 dinars with which be bought a taxi and began work with it at the beginning of

image text in transcribedimage text in transcribed

Question 11 Basil owns an amount of 60,000 dinars with which be bought a taxi and began work with it at the beginning of the fiscal year of 2019 and the average monthly income was 2000 dinars and his expenses were as follows Average monthly petrol expenses 200 dinars The current value of the car is 50.000 dinars and is depreciated by 15% annually Note that the vehicle registration fee was paid to obtain the license 1000 dinars The monthly maintenance expenses for the car is 50 dinars The Zakat base (Zakat Pools) on Basil's money amounts to: 9000 dinars 8000 dinars 9600 dinars 0 11200 dinars

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Tools for business decision making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

5th edition

470506954, 471345881, 978-0470506950, 9780471345886, 978-0470477144

Students also viewed these Accounting questions

Question

How is an organizations culture formed and sustained?

Answered: 1 week ago

Question

What are the 3BL implications for the Internet of Things?

Answered: 1 week ago