Tax
Actual Payment of Zakat (Saudi/GCC)
The cash outflow when paying the annual Zakat liability to the tax authority (ZATCA).
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Zakat Payable | Liability (-) | 15,000.00 | - |
| Cash in Bank | Asset (-) | - | 15,000.00 |
💡 Accountant's Note
This follows the 'Zakat Provision' entry. It clears the liability from the balance sheet and records the actual cash payment.
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QA
Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.