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Required: calculate zakat using quantity method

Required: calculate zakat using quantity method

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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4.Zakat on Plants & Fruits • Exercise (14-5) page 342 A Muslim leased agricultural land for 70,000 riyals for cultivating wheat with the following details Wheat crop during the season was 5000 kg 1. 2. Agricultural costs 6000 riyal Due debts for the lessee on 8000 (collectable) 3. Due debts for the leaser 9000 (collectable) and 4000 (uncollectable). Due debts on him 12,000 riyals Living expenditures of the leaser during the year were 20,000 riyals Land is irrigated at cost Nisab for this year evaluated at 1959 riyals Required: calculate zakat using quantity method 4. 5. 6. 7.
Transcribed Image Text:4.Zakat on Plants & Fruits • Exercise (14-5) page 342 A Muslim leased agricultural land for 70,000 riyals for cultivating wheat with the following details Wheat crop during the season was 5000 kg 1. 2. Agricultural costs 6000 riyal Due debts for the lessee on 8000 (collectable) 3. Due debts for the leaser 9000 (collectable) and 4000 (uncollectable). Due debts on him 12,000 riyals Living expenditures of the leaser during the year were 20,000 riyals Land is irrigated at cost Nisab for this year evaluated at 1959 riyals Required: calculate zakat using quantity method 4. 5. 6. 7.
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