Description
●The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
●Assignments submitted through email will not be accepted.
●Students are advised to make their work clear and well presented; marks may be reduced for poor presentation. This includes filling your information on the cover page.
●Students must mention question number clearly in their answer.
●Late submission will NOT be accepted.
●Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
●All answers must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism.
●Submissions without this cover page will NOT be accepted.
Q1. The Saudi Income Tax Law have distinguished between Saudi-owned entities and non-Saudi persons and entities. Discuss the difference between the two groups with regards to income tax law? (5 Marks)
Answer:
Q2. Explain how the tax base is calculated according to Article (6) of the income tax law. (5 Marks)
Answer:
Q3. Discuss the types of activities that are considered taxable according to Saudi income tax.
(5 Marks)
Answer:
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College of Administration and Finance Sciences
Assignment (1)
Deadline: Saturday 02/03/2024 @ 23:59
Course Name: Insurance Accounting
Student’s Name:
Course Code: ACCT 424
Student’s ID Number:
Semester: 2nd
CRN:
Academic Year: 1445 H (2023-2024)
For Instructor’s Use only
Instructor’s Name: Dr. Mohammed Arshad Khan
Students’ Grade:
/15
Level of Marks: High/Middle/Low
Instructions – PLEASE READ THEM CAREFULLY
● The Assignment must be submitted on Blackboard (WORD format only) via allocated
folder.
● Assignments submitted through email will not be accepted.
● Students are advised to make their work clear and well presented, marks may be
reduced for poor presentation. This includes filling your information on the cover
page.
● Students must mention question number clearly in their answer.
● Late submission will NOT be accepted.
● Avoid plagiarism, the work should be in your own words, copying from students or
other resources without proper referencing will result in ZERO marks. No exceptions.
● All answers must be typed using Times New Roman (size 12, double-spaced) font. No
pictures containing text will be accepted and will be considered plagiarism.
● Submissions without this cover page will NOT be accepted.
College of Administration and Finance Sciences
Assignment Question(s):
(Marks 15)
1. For a payment known as premium, insurance entities agree to relieve
the policyholder of all or part of a risk and to spread the total cost of
similar risks among large groups of policyholders. In the light of this
sentence explain the various types of Insurance.
(5 Marks)
2. Adjustments to premium written and unearned premiums can result
from Cancellation, Endorsement, Audit Premiums and Retrospective
Premium Adjustments. Explain in detail.
(5 Marks)
3. The reporting and payment characteristics of an entity’s losses will
differ depending on the types of policies written. Insurance policies
may be categorized in several different ways like policy duration, type
of coverage provided and the kind of insurance underwritten. Explain
in detail.
(5 Marks)
College of Administration and Finance Sciences
Assignment (1)
Deadline: Saturday 02/03/2024 @ 23:59
Course Name: Tax and Zakat Accounting
Student’s Name:
Course Code: ACCT 422
Student’s ID Number:
Semester: Second
CRN:
Academic Year: 1445 H
For Instructor’s Use only
Instructor’s Name:
Students’ Grade:
/15
Level of Marks: High/Middle/Low
Instructions – PLEASE READ THEM CAREFULLY
● The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
● Assignments submitted through email will not be accepted.
● Students are advised to make their work clear and well presented; marks may be reduced for
poor presentation. This includes filling your information on the cover page.
● Students must mention question number clearly in their answer.
● Late submission will NOT be accepted.
● Avoid plagiarism, the work should be in your own words, copying from students or other
resources without proper referencing will result in ZERO marks. No exceptions.
● All answers must be typed using Times New Roman (size 12, double-spaced) font. No
pictures containing text will be accepted and will be considered plagiarism.
● Submissions without this cover page will NOT be accepted.
College of Administration and Finance Sciences
Q1. The Saudi Income Tax Law have distinguished between Saudi-owned entities and nonSaudi persons and entities. Discuss the difference between the two groups with regards to
income tax law?
(5 Marks)
Answer:
Q2. Explain how the tax base is calculated according to Article (6) of the income tax law. (5 Marks)
Answer:
Q3. Discuss the types of activities that are considered taxable according to Saudi income tax.
(5 Marks)
Answer:
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