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 partner’s name in this company.

Place of Business

Location: 34A Jalan Tahar, Batu 3 ¾ ,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 consumer’s 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 today’s 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 goo

ds 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)

 

5

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)