Name of Business

Our company name is FARMA Furniture Sdn. Bhd. The reason we choose this name is
because it is a combination of our partners name in this company.

Place of Business
Location: 34A Jalan Tahar, Batu 3 ,Skudai, Taman Tasek 80200, Johor Bahru, Johor.
The reason why we choose this place is because this area is very strategic place due to the
location which is in city of Johor Bahru. This new business hub will be new focus for investors
and public since it has easy accessibility well connected via linked to major highways because it
is strategic as near with residential area, market and other shops or restaurant. It is also near to
the main road. This will make people easy to come and become public spots.

Business Activites

Our core business focus which is to satisfy the consumers requirement for high quality office
furniture, house furniture. This belief enables all efforts to be channeled to providing better
product and services as shown in our business activities in office furniture and seating. We
understand the idea of the more you thought you know, the less you actually know, therefore
in FARMA Furniture Sdn. Bhd., we are continuously learning. Learning about changing
consumer needs and learning to incorporate new technology into our business to make it
relevant for todays market.

Our extensive and diverse collection of furniture offers something to suit most tastes and
requirements. From traditional Victorian style furniture through to more modern style units our
range includes everything from chests of drawers to wardrobes, bookcases to beds, dining
tables & chairs, benches, coffee tables, blanket boxes and much more.

FARMA Furniture Sdn. Bhd. extensive stock our bespoke manufacturing and finishing service
offers something extra. So if you want a chest of drawers that is 5cm lower we can do it or if you
need a couple of bookcases to fit in those narrow alcoves either side of the fireplace, we can do
it. The list of possibilities is not endless but never be afraid to ask us. We will always do our best
to meet your requirements.

Capital Contribution

RM50,000 each partner in FARMA Furniture Sdn. Bhd. This company has five partner in
business so the total of opening capital is RM250,000.

Financial Year End

31 December 2015

Month of Transaction
1 June 2015 until 30 June 2015

Dec 1

Started the business with cash RM20,000, bank RM20,000 and premises

RM10,000
Dec 1

Started the business with cash RM20,000 , bank RM20,000 and premises RM10,000.
2

Bought office equipment by cash from Court Jati worth RM2,500.4 The business purchased go
ods from Co. Luna Sdn. Bhd. on credit amountingRM5,000. (invoice no.
980)6 Sold goods worth RM7,700 by cash.8 Bought a Photostat Machine which cost RM950 fro
m Fatin Enterprise paid by cheque.(cheque no. 232
441)9 Sold goods to Hamballi amounting RM6,900 on credit. (invoice no. 007)11 Paid general e
xpenses RM500 by cash.12 The business returns goods to Co. Luna Sdn. Bhd. worth RM1,300.
(credit note no.
448)14 Hamballi returned goods worth RM500. (credit note no. 8981)15 The business
paid the amount due in full by cheque to Co. Luna Sdn. Bhd. and received10% discount.
(cheque no. 232
442)16 Purchased goods for RM6,000 on credit from Manga Sdn. Bhd. (invoice no. 698)18 Sold
goods worth RM18,000 on credit to Azhar. (invoice no. 736)The business purchased goods on
credit RM5,000 from Stabillo Bhd. (invoice no.
123)20 Goods worth RM400 returned by Hamballi. (credit note no. 8982)21 The owner sold goo
ds to Hazieqah worth RM10,000 by cheque.22 Purchased goods for RM200 by cash from Oran
ge Enterprise.24 Sold goods to Zalikha amounting RM8,000 by cheque.Hamballi paid the
amount due in full by cheque and was allowed of RM225
discount.25 Received rental payment worth RM900 by cash.26 Purchased goods worth RM500
by cash from Creative Product.27 Returned damaged goods worth RM888 to Stabillo Bhd. (cred
it note no 556)

Sold goods on credit RM9,090 to Izzati. (invoice

no.333)29 Azhar retuned faulty goods worth RM1,200. (credit note no.231)Returned goods
bought on credit RM700 to Manga Sdn. Bhd.(credit note no.
569)30 Paid electricity bills RM330 by cheque to Tenaga Nasional Bhd. (cheque no. 232 443)31
Received sales commission of RM1,000 by cash.Paid salary to workers RM3,000 by cheque.
(cheque no. 232 444)