Activity

a) State five (5) characteristics of non-current assets. (10 marks)b) Elaborate the accounting concepts related to the following situationsi. Personal medical insurance paid by Ms. Nicole is not recorded in the […]

a) Explain the meaning of “equity” in the context of a company. (5 marks)b) Discuss five (5) differences of a sole proprietorship and a partnership. (15 marks)(20 marks, 2019 Q2)A.Ref:

On 1 April 2016, Syarikat Juice Buzz bought a RM24,000 machine. On 1 January 2017, the company bought another RM28,000 machine.The machine depreciation rate for machine is 20% on cost (the depreciation is […]

(20 marks, 2019 Q4)

A.

Ref:

(20 marks, 2019 Q5)

A.

Ref:

(20 marks, 2019 Q6)

A.

Ref:

Cash Account of Puan Rosma, who is the owner of Perniagaan Blackpurple shows a debit balance of RM13,800 on 30 October 2018. Bank statements on the same date show different balances. The differences are as […]

i) Sales
ii) Cost of Sales
iii) Percentage of net profit on Sales
iv) Inventory turnover rate

(20 marks, 2019 Q8)

A.

Ref:

Q.
a) Describe the two (2) following methods to control inflation:

i. Monetary Policy. (5 marks)
ii. Fiscal Policy. (5 marks)

b) Explain the difference between macroeconomics and microeconomics. (10 marks)

(20 […]

Q.
a) Explain the mechanism of government intervention in stabilizing the economy. (10 marks)

b) Describe the difference between Domestic Trade and International Trade. (10 marks)

(20 marks, 2019 […]

Q.
a) Explain the following causes of inflation.

i. Demand-pull inflation. (5 marks)
ii. Cost-push inflation. (5 marks)

b) Explain the following terms in the context of market structure.

i. Monopoly. (5 […]

Q.
a) Explain the difference between deflation and inflation. (10 marks)

b) “Government intervention in the economy can lower the price of goods”. Explain. (10 marks)

(20 marks, 2019 Q4)

A.

a) Differences […]

Q.
Describe four (4) characteristics that differentiate free economic system and central planned economic system.

(20 marks, 2019 Q5)

A.

Similar question was asked in:

2013 Q1b
2015 Q1b
2018 Q1

Ref:
Earlier posts.

Q.
a) Explain the difference between firm and industry. (10 marks)

b) Show the equilibrium position of a firm and industry under perfect competition in short-run and long-run. (10 marks)

(20 marks, 2019 […]

Q.
a) Describe the different types of money and its functions. (10 marks)

b) Explain the difference between Current Deposits and Saving Deposits. (10 marks)

(20 marks, 2019 Q7)

A.

a) Types and functions of […]

Q.
Describe four (4) main roles of the Central Bank of Malaysia.

(20 marks, 2019 Q8)

A.

Similar question was asked in:

2017 Q3b
2011 Q7b

Although the question specified 4 main roles, below are common […]