Thomas Sim E3009

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 Contrac […]

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)

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)

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 which […]

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)

Q.

Give your explanation on what is ‘contingent contract’ (4 marks) and comment how contingent contract works in the two scenarios below. 

(a) Ali promises to pay Babu a sum of money if he can grow his area sale […]

Q.

(a) State and explain three (3) ways by which an agency may arise. (3 marks)

(b) Briefly explain five (5) of the duties of an agent towards his principal. (5 marks)

(c) Distinguish between ‘apparent a […]

Q.

(a) What is your understanding of “perfect competition”? (5 marks) 

(b) List out five (5) characteristics of a perfect competition. (15 marks)

(20 marks)

Q.

(a) Name 5 challenges that the built environment faces in today’s uncertain economy. (10 marks)

(b) In order for a developer to minimise the risk of overhang, what economic measures can the government i […]

Q.

(a) Explain the concept of production possibility curve and illustrate your answer with a diagram. (10 marks)

(b) How do you apply the concept of (a) above in the housing development environment? (10 marks)

(20 marks)

Q.

(a) What is the ‘kinked’ demand curve in oligopoly? (10 marks)

(b) How do you apply this concept of ‘kinked demand’ in housing development where you live?

(20 marks)

Q.

(a) Explain what inflation is and measures that could be taken to solve its problem. (10 marks)

(b) Rising cost of construction has taken a toll on developers. Discuss the impact of rising cost and inflation […]

Q.

Monopoly is defined as being the sole seller of a product without any close substitute. Define market structure of a monopoly and illustrate the equilibrium position in a short-run and in the long-run.

(20 marks)