Business Portfolio

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Pro Forma: Business Information Introduction Phase Part A
(0.5 points)
Details of the products we are planning to sell are:
Item number| Product (Item) Name| Expected purchase price| Expected selling price| 0001| Unisex T-shirt| $10| $30|
0002| Trendy Slippers| $8| $35|
(1 point)
Customer details are:
Customer Name| Address| Contact details| Terms of credit| Flux| 10 Jurong West Central , #02-152, Apple Shopping Centre, Singapore 523123| 67558888| 2/7, n/30| FashionMen| 15 Clementi Ave 8, #01-333, Amazon Mall, Singapore 666123| 63576523| 2/7, n/30| (0.5 points)

Supplier details are:
Supplier Name| Address| Contact details| Terms of credit| ABC Industries| 5672 Ang Mo Kio Industrial Park, #03-112, Singapore 567222| 66658888| 5/7, n/30| Shirt Workshop| Block 30, Tuas Lane 10, #09-103, Singapore 783431| 67675353| 5/7, n/30| (0.5 points)

The roles/responsibilities of each of the owners of the business are: Owner 1 |
Sales director – monitor competitor activities and new developments, listen to clients’ comment about their present and future needs to guide product choices, propose sales budget to be agreed on board meeting.| |

Owner 2|
Purchasing Director – gather as much information about quality, quantity, price of purchasable items and place order for procurement for the right quality, at the right price for the right quantity for the company to reach the most minimum purchase price in order to maximise profit for the company.| |

Owner 3 |
Account Director – build and grow client relationship, manage financial performance, provide strategic and marketing leadership.| |
(0.5 points)
The business is planning to employ _2_ number of staff. The role of the staff employed will be 1 – Admin staff: in charge of all the paper works|
2 – Transport and Logistic staff: in charge of delivering goods to customer, maintain in-house stock| (0.5 points)
Our target market is:
Primary target: youngster (such as working adult, full time student, young tourist), who are trendy and sporty.| Secondary target: children and tourists |
(0.5 points)

Pro Forma: Business Information Introduction Phase Part B
Chart of Accounts (Add additional rows if necessary)
Account Number| Account Name|
| Assets|
| | Current Assets|
100| | | Cash at Bank|
120| | | Accounts Receivable|
| | | |
| | | |
| | Non Current Assets|
| | | WDV Display Furniture|
130| | | | Display Furniture - Cost|
131| | | | Accumulated Depreciation – Display Furniture| 140| | | Premises|
150| | | Fixtures and Fittings|
160| | | Motor Vehicles|
| Liabilities|
| | Current Liabilities|
200| | | Accounts Payable|
| | | GST|
211| | | | GST Collected|
212| | | | GST Paid|
| | | |
| | Non current Liabilities|
230| | | Bank Loan – ABC bank|
| | | |
| Shareholders funds|
300| | | Share Capital|
310| | | Retained Earnings|
| Income|
400| | | Sales|
405| | | Discount Received|
| Expenses|
500| | | Cost of Goods Sold|
505| | | Discount Allowed|
510| | | Insurance Expenses|
515| | | Rent expenses|
520| | | Utilities Expenses|
| | | |
| | | |

Pro Forma: Business Information Introduction Phase Part C
List of Transactions (Add additional space if necessary)
Transaction Number| Date| Transaction description| General Journal| Available points| Actual points| | | | Accounts| Debit ($)| Credit ($)| | |
Example 1| Jul 1| Purchased 5,000 units of (name of product) @ $1.00 per unit plus GST of 10% on credit from (name of supplier), terms (terms details)| Dr InventoryDr GST PaidCr Accounts Payable | 5,000500| 5,500| N/A| N/A| Example 2| Jul 2| Sold 2,000 units of (name of product) @ $3.00 per unit plus GST of 10% for cash. The cost of goods sold is $2,000 (show...
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