New Product Development Process
BUSINESS BACKGROUND
I am Kamal Bin Ismail is the owner of the Buzz Light Enterprise which has started on 1st February 2015. Light Your Space Enterprise is located in Segamat, Johor. The type of my business is sole proprietorship that sells various kind of lamps, light-bulbs and also beautiful chandeliers. Besides that, this business also earned money by renting lamp and chandelier to people for any ceremony such as wedding ceremony. Buzz Light Enterprise also has joined in charity that helps needy people.
I have contributed my own money for the capital of the business to start up the business which cost RM50,000. I also has bought shop building which cost RM 25,000 for the business to operate. I have one worker that work in this business.
TRANSACTION
Feb 1 | Start a business with RM50,000 cash and shop building RM25,000. | 2 | Deposit RM25,000 cash into bank account. | 3 | Bought furniture from CT Furniture Enterprise RM15,000 by cheque into business. | 4 | Purchase red bulb of RM500 from Harmony Bulb Bhd by cash and cash purchase of RM350 for energy-saver bulb from Eco-life Company | 5 | Buy goods from Philips Sdn Bhd by credit RM8,000 invoice no1001. | 7 | Buy goods from Mentol Sdn Bhd RM6,000 invoice no3002 and Crystal Deco Sdn Bhd RM20,000 by credit invoice no4003. | 8 | Take insurance from Kurnia worth RM 100 paid by cash. | 9 | Bring lorry into business RM10,000. | 11 | Credit sales to Jaws Bhd RM10,000 invoice no001. | 12 | Return to Mentol Sdn Bhd RM500 credit note no555 and Crystal Deco Sdn Bhd RM1000 credit note no777. | 14 | Credit sales to Hotel Selesa RM18,000 invoice no002. | 15 | Return from Jaws Bhd RM100 credit note no01. | 16 | Cash sale red bulb to Zali worth RM 200 and cash sale energy-saver bulb to Liang worth RM250. | 16 | Credit sale RM10000 for chandelier to Vintage
I am Kamal Bin Ismail is the owner of the Buzz Light Enterprise which has started on 1st February 2015. Light Your Space Enterprise is located in Segamat, Johor. The type of my business is sole proprietorship that sells various kind of lamps, light-bulbs and also beautiful chandeliers. Besides that, this business also earned money by renting lamp and chandelier to people for any ceremony such as wedding ceremony. Buzz Light Enterprise also has joined in charity that helps needy people.
I have contributed my own money for the capital of the business to start up the business which cost RM50,000. I also has bought shop building which cost RM 25,000 for the business to operate. I have one worker that work in this business.
TRANSACTION
Feb 1 | Start a business with RM50,000 cash and shop building RM25,000. | 2 | Deposit RM25,000 cash into bank account. | 3 | Bought furniture from CT Furniture Enterprise RM15,000 by cheque into business. | 4 | Purchase red bulb of RM500 from Harmony Bulb Bhd by cash and cash purchase of RM350 for energy-saver bulb from Eco-life Company | 5 | Buy goods from Philips Sdn Bhd by credit RM8,000 invoice no1001. | 7 | Buy goods from Mentol Sdn Bhd RM6,000 invoice no3002 and Crystal Deco Sdn Bhd RM20,000 by credit invoice no4003. | 8 | Take insurance from Kurnia worth RM 100 paid by cash. | 9 | Bring lorry into business RM10,000. | 11 | Credit sales to Jaws Bhd RM10,000 invoice no001. | 12 | Return to Mentol Sdn Bhd RM500 credit note no555 and Crystal Deco Sdn Bhd RM1000 credit note no777. | 14 | Credit sales to Hotel Selesa RM18,000 invoice no002. | 15 | Return from Jaws Bhd RM100 credit note no01. | 16 | Cash sale red bulb to Zali worth RM 200 and cash sale energy-saver bulb to Liang worth RM250. | 16 | Credit sale RM10000 for chandelier to Vintage