FAR 110

FINANCIAL OF ACCOUNTING
Prepare for:
EN. ALIAS ISMAIL

Prepared by:
MUHAMMAD FAREZ BIN MOHD FAUZI ( 2014307615 )
MUHAMMAD AMIR AZWAN BIN SAHRAN ( 2014541971 )
FAIZAH BINTI JAMIL ( 2014353383 )
SITI NURSHAMIMI BINTI MOHAMMAD SHAHIR ( 2014588365 )

BACKGROUND OF BUSINESS
On 1 JUNE 2014, Farah sets up a business selling cloth named YESSTYLE in Lot
19, JALAN CEMPAKA 2, 46150 PETALING JAYA SELANGOR. She introduced
cash at bank amounting to RM 50 000 as a capital. She have a worker named
Syamim. The business uses the periodic inventory system to record the movement
of its inventory.