Question 1: List the primary sources of income that are considered accrued in the Kingdom according to Article (5) of the income tax law.
Question 2: Discuss the concept of residency in the Saudi Income Tax Law according to article 3.
Question 3: Using your own words, define Cash-Basis Accounting and Accrual-Basis Accounting under Saudi tax regulations.
Q1. Discuss methods of setting premium rates in insurance companies (Manual rating, merit rating, judgement rating)
Q2. Identify any two insurance companies in Kingdom of Saudi Arabia and explain any two insurance products offered by them. Your answer should be based on following points:
Name of the Company
Type of Insurance
Premiums
Significant features of the insurance product
Q3: Discuss in detail the various functions involved in “Transaction Cycle” with suitable examples.
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