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Describe the kinds of money or activity that uses the gross amount for calculations.

Words: 99
Pages: 1
Subject: Accounting

Describe the concept of Zakah

Describe Zakatul-Fitr and its purpose

Discuss paying Zakatul-Fitr in money instead of food

Name the recipients of Zakatul-Fitr

Explain the annual rule for calculating alms on money

Describe the purpose of the rule of independence of each year

Explain why alms are not due on fixed assets or things for personal use

Define the term abounding

Define the term Nisab and explain how it is calculated

Describe the kinds of money or activity that uses the gross amount for calculations

Describe the kinds of money or activity that uses the net amount for calculations