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Cash accounting

Cash accounting

When dealing with cash. Just save the money, don’t put it in a bank and spend the money on the business then when you have saved enough take it to the bank. You shouldn’t have to record every business transaction just the profit to pay tax on.

 

Allah’s Apostle said, “The Hour will not be established until the son of Mary (i.e. Jesus) descends amongst you as a just ruler, he will break the cross, kill the swine, and abolish the Jizya tax. Money will be in abundance so that nobody will accept it (as charitable gifts).”

 

No more Jizya tax. 😉

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