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WorksheetsSKG 26TH JUL 2018
Total questions: 21
Worksheet time: 8mins
Can PJH as the landowner sell the units directly to purchasers?
Quit rent for unsold unit should be paid by?
Cost that is incurred before the effective date of the DRA shall be borne by?
When did PETRONAS 1st implement FCF in its group of companies
2018
2009
2010
2015
What is the role of a tester?
To perform testing
To interview control operator
To discuss result with the control owner
All of the above
Who will sign off for level 1 report?
Control owner
Control tester
Focal person
Control operator
Direct financial input will be categorized as key control
Under TCF CITA category, cover what type of control
Transfer Pricing document
Tax audit
Tax estimate
Withholding tax
Mega Corp owns a field near an industrial estate. The company has not decided what to do with this land. Is it an investment property under MFRS 140?
Which of the following is not an example of investment property?
Land held for undetermined future use
Property leased to another entity under a finance lease
Property leased to another entity under an operating lease
Property being constructed for future use as an investment property
A parent leases an office building to a subsidiary. In which financial statements will the property appear as investment property?
Property being constructed on behalf of third parties is an investment property under MFRS 140 – Investment Property until the contract is complete
An investment property should initially be measured at ___
Market value
Fair value
Net realisable value
Cost
If an entity wishes to change from a cost model to fair value model MFRS 140 – Investment Property, when may it do so?
When the board of directors approves a change
When a change will result in a more appropriate presentation
When the value of the assets will improve with a revised model
When the market for these properties is fluctuation
Under MFRS 140 – Investment Property, where should a gain or loss on disposal be recognised?
Income Statement
Statement of Changes in Equity
Statement of Financial Position
None of these
If an entity uses the cost model for investment property, it must also disclose the fair value of the investment property.
I have sent my goods to the buyer on 25th May 2018 and tax invoice is issued on 1st June 2018. What is my GST Treatment?
GST Charged at standard rate 6%.
GST Charged at standard rate 0%.
I have sent my goods to the buyer on 15th June 2018 and tax invoice was issued before 1st June 2018. And payment was received after 1st June 2018. What is my GST Treatment?
GST Charged at standard rate 6%.
GST Charged at standard rate 0%.
I have sold goods and tax invoices was issued on 1st May 2018 but goods are returned by buyer on 30th June 2018. Should Credit Note issued at 6% or 0%?
GST Charged at standard rate 6%.
GST Charged at standard rate 0%.
If the rate of tax for taxable supply fixed at standard rate of 0%, can I still claim input tax?
Yes – Input tax are allowed to claim.
No – Company need to absorb the GST portion billed by seller.
What are the GST Treatment for reimbursement related to supply after 01 June 2018?
Treat as a new supply and subject to GST at standard rate of 0%.
Treat as a second supply and subject to GST at standard rate of 6%.
Treat as a new supply and subject to GST at standard rate of 6%.
Treat as a second supply and subject to GST at standard rate of 6%.
