Latihan
Latihan
Latihan
Accounting Policy:
General Policy
1. Company use dual currency. Singapore Dollar and Indonesian Rupiah
2. Company collect and pay Value Added Tax (VAT).
3. Company recognize the Acquisition of Asset.
4. Account List using Company own Account List
Sales Policy
1. Sales Quotation are created and sent to customer.
2. Sales Return as deduction for receivable are included for broken shipment.
3. All Sales are exclude VAT.
4. Term of Payment Net 30
Purchase Policy
1. Company create Purchase Order to selected supplier
2. Every Purchase Invoice based on Item Received
3. All Purchase are exclude VAT.
4. Term of Payment Net 30
Inventory Policy
1. Inventories are stored in 2 warehouse which is Front Side and Back Side.
2. Inventories method using First In First Out (FIFO)
3. Inventory are Taxable with VAT 10% both Purchase and Sales Transaction
1
A/R 1301 Account Receivable IDR IDR 20.000.000
A/R 1302 Account Receivable SGD SGD 19.000.000
Inventory 1401 Inventory 24.750.000
Other C. Ast 1501 Prepaid Rent 3.600.000
Other C. Ast 1502 VAT In 0
FA 1601 Land 100.000.000
FA 1602 Property 200.000.000
FA 1603 Equipment 50.000.000
Acum 1701 Property Acc. Dep. 0
Acum 1702 Equipment Acc. Dep. 0
A/P 2101 Account Payable IDR IDR 15.000.000
A/P 2102 Account Payable SGD SGD 9.500.000
Other C. Liab 2201 Expense Payable 4.000.000
Other C. Liab 2202 VAT Out 0
Other C. Liab 2203 Uncollectible Goods 0
Long Term L. 2301 Bank Mandiri Loan 50.000.000
Equity 3101 Equity 200.000.000
Equity 3999 Retained Earning 0
Revenue 4101 Sales 0
Revenue 4201 Sales Return 0
Revenue 4202 Sales Discount 0
COGS 5100 Cost of Goods Sold 0
COGS 5200 Freight In 0
COGS 5300 Purchase Discount 0
Expense 6101 Salary Expense 0
Expense 6102 Advertising Expense 0
Expense 6201 Property Depreciation 0
Expense 6202 Equipment Depreciation 0
Expense 6203 Rent Expense 0
Expense 6204 Utility Expense 0
Other Exp 7100 Other Operating Expense 0
Other Income 8100 Other Operating Income 0
II. Supplier
III. Customer
2
IV. Inventory
3
V.
Asset Category Fiscal Asset
Land Tidak DIsusutkan
Property Bangunan Permanen
Equipment Gol 1 / Straight Line
Purchase Invoice Number: 08791. On this purchase the company makes payment via Bank Mandiri
IDR
Doc. No. CASH001
24 Jan 2021 Recording the cost of water and telephone electricity, using Bank Mandiri IDR. The value of the fee
paid is Rp 1,750,000
Doc. No. CD-2101003
25 Jan 2021 The Company paid off the debt to PT Mulia Abadi for the invoice number :INV-MA-9128. Payment is
made by Bank Mandiri IDR Check with check number GR0098 and due date of January 31, 2021. For
repayments made only partly, which is 500 SGD with Exchange Rate 9.600
Doc. No. CD-2101004
26 Jan 2021 The Company purchases assets on credit to PT Indah Jaya with the following information:
Name: Samsung Laptop
Purchase Date: January 20, 2021
Date of Use: January 20, 2021
Depreciation Method: Straight Line Method
Asset Account: Equipment
Depreciation Accumulation Account: Equipment Accumulated
Depreciation Expense Account: Equipment Depreciation
Quantity: 2 units
Asset Age: 4 Years
Asset Category: Equipment
Acquisition price : Rp 12,000,000 /unit
For the purchase of this asset, the company pays Rp 12,000,000 from Bank Mandiri IDR
Doc. No. CD-2101005
28 Jan 2021 Cash sales to general customers with the following details:
Item Qty Price
Working Chair 10 120.000
Glass Table 10 225.000
For this product is charged a transportation fee of Rp 100,000 as Other Income. Direct payment is
received by transfer to Bank Mandiri IDR.
Doc. No. CS-2101001
31 Jan 2021 Bank interest (relocated into Other Income account) in January 2021 received at Bank Mandiri IDR
company worth Rp 150,000,-
Doc. No. GJ-2101002
31 Jan 2021 Accrued Employee Salary January Rp. 75.000.000
Doc. No. GJ-2101003 2
31 Jan 2021 Received Loan Repayment from Previews loan in 5 Januari 2021. Received Rp. 5.000.000 to Cash IDR
Doc. No. CR-2101002
31 Jan 2021 Prepaid Rent for 1 Year Period. Actual Rent for 1 Month has been realized.
Doc. No. GJ-2101004
31 Jan 2021 Perido End Closing for January 2021
Exchange Rate: 1 SGD = 9.450 IDR