Thomas Sim E3009

This is verbatim from Saiful Nizam Hj Ali available at the link below:

GUIDELINES ON PROPERTY DEVELOPMENT IN MALAYSIA

Tenure of Land and Development Permission

Saiful Nizam Hj Ali

At -Tamyeel Real […]

Q.
What are the differences between Premium, Charge and more specific Development Charge?

A.
PREMIUM

Land premium or additional premium is the tax payable to the State for the below few common dealings […]

Q.

How does a sales agent create value and achieve customer satisfaction in a developer project sale?

A.

Generally, there are two types of sales agents in a developer project sale, namely developer own […]

Q.

Illustrate how Product Life Cycle (PLC) is seen in real estate product. You are encourage to use a project sample to illustrate how PLC affects the strategies of project marketing.

A.

Product Life […]

Q.

What are the available exemptions from personal income tax in Malaysia?

A.

Below are other exemptions provided to individuals:

Pension granted under written law or approved scheme
Scholarship, […]

Q.

What are the differences between ‘Contract for Service’ and ‘Contract of Service’?

A.

If it is established that an employment exists and is exercised in Malaysia, or the employment income is otherwise […]

Q.

a) Define and classify different types of assets. (10 marks)

b) Explain two (2) reasons why depreciation may occur on an asset. (10 marks)

(20 marks)

Q.

Explain the four (4) stages of accounting.

(20 marks)

Q 3.

Syarikat findWHERE reported in its financial statement as at 31 December, 2020 the below asset depreciation values.

Asset
Cost (RM)
Accumulated Depreciation (RM)

Computers
18,000
6,000

Company […]

Q.

The following trial balance was extracted from the books of Abacus Enterprise on 30 June, 2021.

Abacus Enterprise

Trial Balance as at 30 June, 2021

Debit (RM)
Credit (RM)

Capital 01 July […]

Q.

Enter the following transactions in a 2-column cash book:

June

RM

2021
1
Cash Balance
20,880

Bank Balance
32,100

8
Purchase Printer Cartridge
250

10
Purchase Hand Sanitizers […]

Q.

Prepare accounts for the below transactions.

June
1
Start agency business with cash in bank RM15,000

2021
5
Bought computer and printer RM8,400 by cheque

8
Bought furniture RM4,400 by […]

Q7.

You are to enter the Purchase Day Book and the Return Outward Day Book from the following details, then to post items to the relevant accounts in the Purchases Ledger and to show the transfers to the General […]

Q.

Wilson, the owner of Contract2U found discrepancies between his Cash Book and Bank Statement for the Month of July 2021. The following discrepancies were identified.

Bank Statement RM2,215 (debit)
Cash […]

Q.

Inducement is a common occurrence in tenancy. Below is a case for consideration.

Nuru is considering renting a property from Mdm Teo for a three (3) year period. One of Mdm Teo’s covenants in the tenancy […]

Q.

In relation to the law of contract:

(i) Explain the meaning of the terms ‘proposal’ and ‘acceptance’. (4 marks)

(ii) Explain how a contract may be ‘discharged by frustration’ as provided under the C […]

Q.

‘Judicial Precedent’ is one of the sources of “unwritten laws” in Malaysia. Explain what is judicial precedent and state its advantages and disadvantages.

(20 marks)

Judicial precedent is process […]

Q.

What constitutes Nuisance by local council under Street Drainage Building Act, 1974? List out 5 types of nuisance which constitutes nuisance above.

(20 marks)

By Section 86 of Street, Drainage and […]

Q.

Saifuddin received a notice requiring abatement of nuisance under Section 87, Street, Drainage and Building Act 1974 (Act 133), but intentionally did not comply with the notice. State the nuisance orders […]

Q.

Will the local courts intervene to assist arbitration proceedings? Can a party in arbitration delay proceedings by frequent court applications? Provide a case for your discussion.

(20 marks)