ACCOUNTING REPORTS

From 2 perspectives:

Zakat Partnership

To reflects the result of
operations & financial
position for the
calculation of Zakat
payable amount.


To account for their
stewardship of the
partnership.

To determine the zakat
payable of a partner
based on their portion of
profit and asset
appreciation.
Types of Report
Al-Khitmah
Final or end
Prepare at the end of each month/ fin. Year
For government monthly report
Al-Khitmah
Al-Jameah
Comprehensive final report
Prepared annually by the accountant
Covered all financial activities of the relevant Diwan
Al-Khitmah Al-Jameah
Accepted by
HOD
Called as Al-
Muwafakah
(acceptance)
Approval of the
report balances
by HOD
Not accepted
by HOD
Called as Al-
Muhasabah
(account)
Based on the
discovery of the
requirement for
further
justification
1
2
Classification of Debt
( For the Protection on Capital)
1) Ar-Raej Menal Mal
(collectable debts)
2) Al-Munkaser Menal Mal
(uncollectible debts)
3) Al-Mutaadhdher Wa-Al-Mutahayyer
Wa-Al-Mutaakad (doubtful debts)
Conclusion
The type, layout and names of some records used
in Islamic State are similar to those used in the
Italian Republics.
In conclusion, this journal argues that the development of
accounting records and reports in the Islamic State have
most likely contributed in the development and practice
of accounting in the Italian Republics as documented by
Pacioli in 1494.