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WorksheetsFIN370 Chapter 3
Total questions: 18
Worksheet time: 25mins
Your Name Please
Generally, there are _ ways you can deposit your money into a bank.
(a) is the most basic type of account you can
A (a) is a written instruction given by a customer to his banker, instructing the latter that a named third party is duly authorized to do certain acts on behalf of the customer while a (b) is a document usually under seal which authorizes one person to act on behalf of another person.
There is not many cases where a dishonest person has succeeded in opening an account in an assume name for the purpose of obtaining money to which he was not entitled. (a)
Current accounts are actually very similar to savings accounts, with the exception of allowing you to (a)
The minimum transaction amount for third party payments in RENTAS (payments that originate from a non-RENTAS member or beneficiary) is set at (a)
eSPICK is a national electronic cheque information clearing system. It enables customers receive funds (a) .
Can siblings (adik beradik) open a joint account? (a)
Which statement is TRUE on partnership accounts?
Owned by 2-30 owners
All registrations are done through the Companies Commission of
Malaysia.
A person with foreign nationality would not be able to register for a partnership account.
The business’s name can be the same name as an owner’s name on their identity card.
Reorder the following step by step guides to registering a partnership account in Malaysia :
Gather what required before start
Registering your business name
Registering your business
Receiving the certificate
Only after a customer is dead, an executor and administration (a)
An (a) is someone who has been named in the will to manage your estate after you die while an (b) is someone who takes charge of your estate if you
die without a will.
A (a) is made by an individual in order to circumvent any litigation amongst his heirs in respect of the distribution of his assets after his death.
A (a) may be defined as the relationship which arises wherever a person is compelled in equity to hold property for the benefit of some persons or the beneficiaries.
The four types of companies include
COMPANY LIMITED
BY GUARANTEE
UNLIMITED
COMPANY
COMPANY LIMITED
BY SHARES
COMPANY LIMITED
BY BOTH SHARES
AND GUARANTEE
Which statement is TRUE on companies account?
Business must be registered no later than 40 days from the date of commencement
of the business it is necessary to submit to Registrar/SSM business registration.
Business owner / partner must be a citizen or permanent resident of Malaysia
Not all applicants need
to register as Ezbiz users Online first
For Partnership business, only one representative will receive notice of notification
regarding the registration of the new business, which needed to be verified on the
Ezbiz Online portal.
Whish of the following is true about Club & Societies’ Account EXCEPT?
It is opened by clubs and
associations that are for-profit organizations
Must have Meeting Minute for Ahli JawatanKuasa Penaja Penubuhan Kelab
Must have List of Registered Ahli JawatanKuasa Penaja Penubuhan Kelab
Must have Club Rubber Stamp (With Club Registration Number)
Must have Initial minimum deposit of RM2,000
