Question: Soction C: Problem solving (Total: 10 marks) Exercise 1: (ii) trade company purchased the the barakah Company disclosed to the zakat authority trade creditors on
Soction C: Problem solving (Total: 10 marks) Exercise 1: (ii) trade company purchased the the barakah Company disclosed to the zakat authority trade creditors on credit and the tooling equipment amounting to $7,000 from one of their trade creditors. one of the suppliers who agreed for the pased that part of the stocks has been acquired from to $5,000 and this has been accounted payment to be deferred for three years amounting forth accounted for liabilities. amount of dob bad debts for the year ended 2021 is expected to be 12% of the total Required: method and inet zakat base and zakat payable based on the Net Current Assets (10 marks)
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