Use the following information for Al-Rahama's corporation 31/ 12/ 2019:Current Assets S.R 200000, Net fixed assets S.R 120000, Current Liabilities S.R 40000, Long term Liabilities S.R 60000, Owner's Capital S.R 220000, and Net income before Zakat S.R 80000.

Required: 

Calculate zakat base and zakat due (Market value of gold S.R 227/gram)? (show your calculation).

Answer rating: 100% (QA)

Particulars Amount SR Current Assets 20000000 Net Fixed ... View the full answer