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INSTRUCTIONS: 1. Assuming you are planning to set up a sole trading business selling finished goods (name your product) to customers in Shah Alam area
INSTRUCTIONS: 1. Assuming you are planning to set up a sole trading business selling finished goods (name your product) to customers in Shah Alam area (you can choose any area). 2. Create possible business transactions between your business and suppliers and also between your business and customers. 3. You should create about 20 - 25 business transactions. The business transactions should include at least: a. 4 credit transactions for trading activities b. 2 return transactions c. 4 cash transactions relating to trading activities d. 2 drawing transactions e. 2 logical operating expense transactions f. 2 other revenue transactions g. Other transactions OUR PLANNING Nelly Haircare's owner capital for their business is RM 100,000, which is the partnership's own capital to create their business. A total of RM20,000 has been invested in the business by five partners. Nelly Haircare is a company that sells finished haircare products. Jalan Sultan Yahya Petra, 18000 Sungai Petani, Kedah is where this company is located. From the year 2010 until now, this company has been in operation. Nelly Haircare also has two additional locations, one in Alor Setar and the other in Kulim. The partnership is a type of Nelly Haircare business in which partners contribute to the business according to the partnership agreement. This company is owned by five partners. They worked together to run their company and make it successful. They have a mission and vision for their company, which is to deliver friendly, excellent service through a team of highly experienced and professional individuals. Their most valuable asset is teamwork, which ensures that their clients are always first, and their vision is to inspire by giving back and serving their community. Haircare treatment is the more center of Nelly Haircare's efforts. Shampoo, conditioner, serum, hair growth tonic, hair vitamin oil, hair spray, and many other products are available from Nelly Haircare. Because their items are from a local provider and are the best in town, the consumer may buy them at a low price. ACCOUNTING TRANSACTION The following below is the business transaction in July 2020. Date July 2020 1 3 7 11 12 13 15 17 18 20 21 22 24 25 27 28 29 31 Transaction
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