Question
Resident Capital Company works in sales business has the following selected financial information: Account Amount Allowance for doubtful account 80,000 SR Reserve for obsolete inventory
Resident Capital Company works in sales business has the following selected financial information:
Account Amount Allowance for doubtful account 80,000 SR
Reserve for obsolete inventory 50,000 SR
Bad debt (written off) 6,500 SR
Donations to the Help the Poor Organization (non-licensed in Saudi) 11,350 SR
Old employees reunion party expenses 15,000 SR
Loss on disposal a delivery truck 8,000 SR
How much of these accounts are deductible under Saudi Low? Explain your answer.
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Global Accounting Information Systems Ais For Developing Countries
Authors: Dr. Mawududur Rahman
1st Edition
1717133207, 978-1717133205
