Mohammed owns 6 Cars for rent, the following are the details of rent revenue and costs...
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Mohammed owns 6 Cars for rent, the following are the details of rent revenue and costs during the year al hawl: 1. Monthly rent for 3 cars S.R 9000 2. Monthly rent for 2 cars S.R 5000 3. One of the first three cars was occupied only for 9 months 4. one of the first two cars was occupied only for 7 months 5. Monthly maintenance costs S.R 1000 6. Wages of Sales man S.R 24000 7. Insurance of cars S.R 1800 8. Due debts on the owner S.R 17000 9. Living costs S.R 60000 10. Market value of six cars as follow: three of them S.R 180000, two of them S.R 80000, and the last one S.R 70000 11.Market value of the gold 227 riyal/gm Required: calculate zakat base and zakat due (show your calculation)? Mohammed owns 6 Cars for rent, the following are the details of rent revenue and costs during the year al hawl: 1. Monthly rent for 3 cars S.R 9000 2. Monthly rent for 2 cars S.R 5000 3. One of the first three cars was occupied only for 9 months 4. one of the first two cars was occupied only for 7 months 5. Monthly maintenance costs S.R 1000 6. Wages of Sales man S.R 24000 7. Insurance of cars S.R 1800 8. Due debts on the owner S.R 17000 9. Living costs S.R 60000 10. Market value of six cars as follow: three of them S.R 180000, two of them S.R 80000, and the last one S.R 70000 11.Market value of the gold 227 riyal/gm Required: calculate zakat base and zakat due (show your calculation)?
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Calculation of Zakat Base Assets Cash in Hand Business SR 234200 Note 1 Stock in Trade car... View the full answer
Related Book For
Essentials of Business Analytics
ISBN: 978-1285187273
1st edition
Authors: Jeffrey Camm, James Cochran, Michael Fry, Jeffrey Ohlmann , David Anderson, Dennis Sweeney, Thomas Williams
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