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Below are the profiles of two (2) separate business entities. The businesses are not interrelated to one another. Name of the business Registration Number
Below are the profiles of two (2) separate business entities. The businesses are not interrelated to one another. Name of the business Registration Number Registration date Registered address Owner (s) Source of financing Business activities Business A: Ahmad Enterprise 00017777-X 20 April 2002 14, Ground Floor, Wisma Rampai, 53300 Lumpur 1. Ahmad bin Muhammad Kuala 1. RM20,000 from own savings 2. RM30,000 from bank loan with an interest rate of of 10% per annum Business B: Khakha Couture Sdn Bhd 4547854-Y 20 October 2009 2A-13, Jalan Bersatu, Taman Bersatu, 48000 Rawang 1. Khairul Nizam bin Ahmad 2. Khairiah binti Khair 1. RM50,000 ordinary shares from Khairul Nizam 2. RM30,000 ordinary shares from Khairiah 3. RM50,000 from bank loan with an interest 5% per annum business related to wedding ceremonies such as supplying the wedding attires and accessories, photo shooting and catering A business related to printing A and photocopying Required: iv. In your own word, explain the following term: b. Liability
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