Question
The following data from the balance sheet for a company as at the end of the fiscal year: Current assets SAR 10,000 Current liabilities
The following data from the balance sheet for a company as at the end of the fiscal year: Current assets SAR 10,000 Current liabilities SAR 5,000 Long-term assets (property and equipment) SAR 6,000 Long-term liabilities SAR 7,000 Equity SAR 4,000 Instructions: Use the Zakat guidelines uploaded on Blackboard (documents): 1. Read page 14 to 21 "Methods of Zakat Calculation for Companies". 2. Calculate the zakat base using the direct and Indirect method.
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Introduction to Accounting An Integrated Approach
Authors: Penne Ainsworth, Dan Deines
6th edition
78136601, 978-0078136603
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