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Accounting
Today Topic:
• Accounting Concept
• Journal System
• Financial Reporting
Accounting Concept
Accounting Workflow
• Purchasing
Transaction • Sales
• Costing
Book
• Journal
Keeping • Adjustment
Record
• General Ledger
Financial • Inventory Value
Report • Income Statement
• Balance Sheet
Accounting Concept
Journal System
• Mr. X just est. new company ABC, here some transaction recorded.
Date Description
3 Jan 2017 Mr. X open Bank Account, with initial investment IDR 100.000.000,-
3 Jan 2017 Mr. X withdraw from Bank to Cash on hand IDR 5.000.000,-
3 Jan 2017 Mr. X Buy a goods from company IJK with credit
Product Pen with qty. 100 and cost IDR 100.000 / each
3 Jan 2017 Mr. X Paid online ads. For IDR 300.000
4 Jan 2017 Company ABC got a cash sales
Product Pen with qty. 10 and sales price IDR 150.000 / each and promotion
discount 10%
Accounting Concept
Sample Case
• Mr. X just est. new company ABC, here some transaction recorded.
Date Description
3 Jan 2017 Mr. X open Bank Account, with initial investment IDR 100.000.000,-
• Mr. X just est. new company ABC, here some transaction recorded.
Date Description
3 Jan 2017 Mr. X withdraw from Bank to Cash on hand IDR 5.000.000,-
• Mr. X just est. new company ABC, here some transaction recorded.
Date Description
3 Jan 2017 Mr. X Buy a goods from company IJK with credit
Product Pen with qty. 100 and cost IDR 100.000 / each
• Mr. X just est. new company ABC, here some transaction recorded.
Date Description
3 Jan 2017 Mr. X Paid online ads. For IDR 300.000
• Mr. X just est. new company ABC, here some transaction recorded.
Date Description
4 Jan 2017 Company ABC got a cash sales
Product Pen with qty. 10 and sales price IDR 150.000 / each and promotion
discount 10%
• Before we recorded to journal let’s do some calculation:
• Sales Product Pen with Qty. 10 x IDR 150.000,- = IDR. 1.500.000,-
• Sales Discount 10% = IDR. 1.500.000 x 10% = IDR. 150.000,-
• Means Company ABC receive cash sales
= IDR 1.500.000 – IDR 150.000
= IDR 1.350.000,-
Accounting Concept
Sample Case
• Mr. X just est. new company ABC, here some transaction recorded.
Date Description
4 Jan 2017 Company ABC got a cash sales
Product Pen with qty. 10 and sales price IDR 150.000 / each and promotion
discount 10%
• General Ledger
Chart No. 101
Chart Name. Cash
Period. 1 Jan 2017 until 31 Jan 2017
Date No. Description Debit Credit Balance
3 Jan 2017 J.02 Withdrawing from Bank to Cash 5.000.000 0 5.000.000
3 Jan 2017 J.04 Online Advertising 0 300.000 4.700.000
4 Jan 2017 J.05 Cash Sales 1.350.000 0 6.050.000
Total 6.350.000 300.000
Accounting Concept
Sample Case Reporting
• General Ledger
Chart No. 102
Chart Name. Bank
Period. 1 Jan 2017 until 31 Jan 2017
Date No. Description Debit Credit Balance
3 Jan 2017 J.01 Initial Investment 100.000.000 0 100.000.000
3 Jan 2017 J.02 Withdrawing from Bank to Cash 0 5.000.000 95.000.000
Total 100.000.000 5.000.000
Accounting Concept
Sample Case Reporting
• General Ledger
Chart No. 202
Chart Name. Account Payable
Period. 1 Jan 2017 until 31 Jan 2017
Date No. Description Debit Credit Balance
3 Jan 2017 J.03 Product Purchasing 0 10.000.000 (10.000.000)
Total 0 10.000.000
Accounting Concept
Sample Case Reporting
• General Ledger
Chart No. 301
Chart Name. Owner Investment
Period. 1 Jan 2017 until 31 Jan 2017
Date No. Description Debit Credit Balance
3 Jan 2017 J.01 Initial Investment 0 100.000.000 (100.000.000)
Total 0 100.000.000
Accounting Concept
Sample Case Reporting
• General Ledger
Chart No. 401
Chart Name. Sales Income
Period. 1 Jan 2017 until 31 Jan 2017
Date No. Description Debit Credit Balance
4 Jan 2017 J.05 Cash Sales 0 1.500.000 (1.500.000)
Total 0 1.500.000
Accounting Concept
Sample Case Reporting
• General Ledger
Chart No. 402
Chart Name. Sales Discount
Period. 1 Jan 2017 until 31 Jan 2017
Date No. Description Debit Credit Balance
4 Jan 2017 J.05 Cash Sales 150.000 0 150.000
Total 150.000 0
Accounting Concept
Sample Case Reporting
• General Ledger
Chart No. 511
Chart Name. Purchasing
Period. 1 Jan 2017 until 31 Jan 2017
Date No. Description Debit Credit Balance
3 Jan 2017 J.03 Product Purchasing 10.000.000 0 10.000.000
Total 10.000.000 0
Accounting Concept
Sample Case Reporting
• General Ledger
Chart No. 602
Chart Name. Marketing Expenditure
Period. 1 Jan 2017 until 31 Jan 2017
Date No. Description Debit Credit Balance
3 Jan 2017 J.04 Online Advertising 300.000 0 300.000
Total 300.000 0
Accounting Concept
Sample Case Reporting
• Inventory Value
Inventory Value Report
Period. 1 Jan 2017 until 31 Jan 2017
Asset Liability
Cash IDR. 6.050.000 Account Payable IDR. 10.000.000
Bank IDR. 95.000.000 Capital
Inventory IDR. 9.000.000 Investment IDR. 100.000.000
Retained Earning
Current Period IDR. 50.000
Previous Period IDR. 0
Total Asset IDR. 110.050.000 Total Liability and Capital IDR. 110.050.000
Exercise
• Mr. Amir and Miss Bella establish new company that selling books.
Date Activity
5 Jan 17 Mr. Amir deposit capital IDR 50.000.000 to bank
5 Jan 17 Miss Bella deposit capital IDR 15.000.000 to cash
5 Jan 17 Mr. Amir purchase goods with credit, Invoice No. P.01
Book Mickey, Qty. 100, price IDR 18.000
Book Donald, Qty. 80, price IDR. 17.000
5 Jan 17 Miss Bella bought office supplies IDR. 120.000 from petty cash
6 Jan 17 A Company AB Logs, buy with credit, and with Invoice No. S.01
Book Mickey, Qty. 50, Price IDR. 20.000
7 Jan 17 A Company Med. Ltd, buy with cash, and with invoice No. S.02
Book Mickey, Qty. 20 Price 21.000
Book Donald, Qty. 40, Price 18.000
Exercise
Date Activity
8 Jan 17 Miss Bella purchase goods with credit, Invoice No. P.02
Book Mickey, Qty. 100, price IDR 17.800
Book Donald, Qty. 100, price IDR. 16.500
9 Jan 17 Mr. Amir Paid to supplier invoice No. 1 with amount IDR. 3.000.000 from Bank and IDR
160.000 from cash
9 Jan 17 A Company AB Logs, buy with credit, and with Invoice No. S.03
Book Mickey, Qty. 50, Price IDR. 20.000
Book Donald, Qty. 50, Price IDR. 18.000
9 Jan 17 A Company AB Logs, paid Invoice No. S.01 with amount IDR. 1.000.000 to bank
10 Jan 17 Paid Office Phone Bill IDR. 500.000 from bank
Exercise
Task:
1. Create account chart for this case
2. Create Journal
3. Preparing Financial Report : G/L, Inventory Value, Income
Statement, and Balance Sheet