Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question L.Ahmad - Ahmad rented a piece of land in Madinah for agriculture purpose only. -Paid a lump sum of SR50,000 to the landlord for

image text in transcribed
image text in transcribed
Question L.Ahmad - Ahmad rented a piece of land in Madinah for agriculture purpose only. -Paid a lump sum of SR50,000 to the landlord for one-year tenure. - This land is planted with: - Wheat 30% - Com 35\% - Grapes 35% -Harvests his crops once this year. Expenses - Salary for workers planting of the crops SR 20,000 - Wheat 50%, - Grapes 30% . Corn 20% - Irrigation - Grapes 7,000 . Corn 5,000 -Wheat relies on rainwater - Seed -Wheat 8,000 -Corn 5,000 - Grapes 300 - Calculate the agriculture zakat for Ahmad if 1 Wasaq of: \begin{tabular}{|l|l|l|l|} \hline Question 1 M_3 exercises & Wheat & Corn & Grapes \\ \cline { 2 - 4 } The value of crop in SAR & & & \\ \hline Deductions: & & & \\ \hline & & & \\ \hline & & & \\ \cline { 2 - 4 } & & & \\ \hline & & & \\ \hline Total expenses & & & \\ \hline 1/3 of the value of crop & & & \\ \hline Allowed deductions & & & \\ \hline Net value of crop (zakat base) & & & \\ \hline Nisab 5 wasaq & & & \\ \hline & & & \\ \hline Zakat due in SAR & & & \\ \hline \end{tabular}

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_2

Step: 3

blur-text-image_3

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

ISE Fundamental Managerial Accounting Concepts

Authors: Thomas Edmonds, Christopher Edmonds, Mark Edmonds, Philip Olds

9th Edition

1260565483, 9781260565485

More Books

Students also viewed these Accounting questions