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ACCOUNTING SERVICES COMPANY

ACCOUNTING SERVICES COMPANY. CHARACTERISTICS OF SERVICE COMPANY. There are four characteristics that distinguish between services and goods, among others: Intangible. The nature of the services does not have a physical form that can be seen and touched.

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ACCOUNTING SERVICES COMPANY

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  1. ACCOUNTING SERVICES COMPANY

  2. CHARACTERISTICS OF SERVICE COMPANY There are four characteristics that distinguish between services and goods, among others: • Intangible. The nature of the services does not have a physical form that can be seen and touched. • Inseparability. There is no separation between the production and sale of services. • Variability. Services properties can not be standardized because it depends on the tastes, time, place, and consumer characteristics. • Perishability. Services properties can not be stored for resale at a different time. This is why services company has no inventory services.

  3. CLASSIFICATION AND RELATED TRANSACTIONS BETWEEN THE COMPANY Transaction Services Company consists of Administration transactions (Receive / pay / record) support Sales Transaction Services

  4. grouping accounts

  5. CYCLE OF ACCOUNTING SERVICES COMPANY

  6. LISTING STAGE COMPANY ACCOUNTING SERVICES

  7. LISTING STAGE COMPANY ACCOUNTING SERVICES

  8. Definition of journal Journaling is a process of recording a transaction into a journal. Prior to journal, we must first analyze the effect of each transaction to the accounts, among other assets, liabilities, capital, income, and expenses.

  9. TRANSACTIONS RECORDED TO JOURNAL Debit and Credit Mechanism

  10. Forms Journals

  11. Example 1. On March 1, 2006, the company borrowed money from the bank amounting to Rp. 10,000,000. Analysis: corporate debt increases with the addition of cash companies. 2. Padatanggal 7 Maret 2006 perusahaanmenerimauangataspekerjaan yang belumdilaksanakansebesarRp. 1.000.000.. Analisis: uangsebesarRp. 1.000.000 tidakbolehdiakuisebagaipendapatan, perusahaanharusmengakuinyasebagaihutang.

  12. Example 3. On March 8, 2006 the owners of capital in the form of a cash deposit of Rp. 40,000,000. Analysis: as a first step or the development of enterprises, owners may deposit assets in the form of cash, equipment, supplies, and other assets to the company. 4. On March 10, 2006, the owners took the company money for personal use amounted to Rp. 2,000,000. Analysis: This transaction is considered as a capital withdrawal so that the owner of the company owner's equity is reduced.

  13. Example 5. On March 10, 2006, the liquidation of the crisis resulted in the company can not pay for electricity, telephone and water for the month of February 2006 amounted to Rp. 6,000,000. Analysis: although the company has not paid such expenses, the company has benefited from the use of electricity, telephone and water. 6. On March 12, 2006, the company has completed the work that had previously been paid by the customer Rp. 1,000,000. Analysis: unearned income accounts are grouped into debt.

  14. Example 7. On March 22, 2006, the company bought a new engine in cash amounting to Rp. 10,000,000. Analysis: machines purchased in cash would reduce the company's cash, but the machine account increases. 8. On March 25, 2006, the company received payment of customer receivables amounting to Rp. 2,000,000. Analysis: accounts receivable (assets) will be reduced when the customer has to pay (credit), and will increase the company's cash (debit).

  15. Example 7. On March 27, 2006, the company received an income of Rp. 1,000,000 on work completed. Analysis: income can raise capital, and recording done by crediting revenue (increases). 8. On 30 March 2006, the company paid salaries amounting to Rp. 3,000,000. Analysis: can reduce the burden of capital, and the company will debit the respective load.

  16. The following table summarizes the previously discussed journal

  17. Work on these transactions into the general ledger: During the month of December 2002, Salon Susi had the following transactions. Des. 5 Purchased salon equipment in cash from miscellaneous Store for Rp. 6,000,000. 8Paid employee salary of Rp. 2,000,000. 9 To borrow money from the bank amounting to Rp. 10,000,000. 15 The owners of capital to deposit money Rp. 30,000,000. Keep a journal of transactions over the top!

  18. Answer

  19. JOURNAL transfer the TO LEDGER Overbooking (post) is the removal of records from the journal to the accounts in the general ledger on a periodic basis. The ledger is a book containing a collection of accounts that are interconnected and constitute a whole separate. The books of the transfer procedure: • Move the date of the journal to date column on the accounts in question. • Move a brief description of the journal column to column remarks on that account. • Move the column to the journal page Ref. on that account. • Move the amount of discharge from the journal to the relevant account debit column and the amount of credit from the journal into account the credit column in question.

  20. FORM LEDGER Account Name : Nomor akun :

  21. Example Account Number 101 CASH ACCOUNT (IN THOUSANDS OF RUPIAH) PERALATAN KANTOR (DALAM RIBUAN RUPIAH) Account Number 102

  22. Creating balance sheet • A trial balance is a list containing summaries of all the account and the balance of each account. • At the end of the fiscal year, the balance Salso made to summarize or recapitulate registries on the ledger in order to prepare the financial statements. Nevertheless, the trial balance can be made at the end of a certain period (eg, month-end, quarter end, or the end of the semester) in order to check the balance of account balances. • A trial balance is also called a trial balance (trial balance). • The trial balance putting each account according to the rules or specific order.

  23. Normal Balance Accounts

  24. EXAMPLE

  25. SUMMARIZE STAGE COMPANY ACCOUNTING SERVICES

  26. Summarize saget

  27. ADJUSTING ENTRY • Journal of adjustment (adjustment journal) is the adjustment of the records or the actual facts at the end of the period. Journal of adjustment is based on data from the trial balance and the adjustment data at end of period.

  28. JOURNAL ARTICLE LISTING OF ADJUSTMENT • Assets • Prepaid Expense

  29. USE OF supplies • The use of equipment that is part of the purchase price of equipment that have been consumed or used during the accounting period. Total adjusted for the amount used.

  30. Revenue receivable • Receivables revenue or accrued income means income that is rightfully companies but not recorded or not received. Total adjusted for amounts that have become income not yet received.

  31. Expense Payableor Accrued Expenses • Debt load means that the load that it is the duty of the company but have not been recorded or unpaid. Total adjusted for amounts that have become a burden unpaid.

  32. Revenue debt or Prepaid revenue • Unearned income is recorded as a liability or debt. Total adjusted for the amount that has been exceeded or has expired. Journal of adjustment are: • Unearned income is recorded as income. Total adjusted for the amount that has not been exceeded or not yet expired.

  33. Advance fee or Prepaid Expenses Prepaid expenses means the expenses already paid, but the weight is a burden for the future. Preparation of adjusting entry to a prepaid expense can be done through two methods. That is : • Prepaid expenses are recorded as property or assets. the amount to be adjusted for the amount that has been exceeded or has expired /'ve become an expense • Prepaid expenses are recorded as expenses. Total adjusted for the amount that has not been exceeded or has not expired / not be a expense

  34. losses Receivables • Accounts receivable losses means the estimated losses arising from all or part of the amount receivable may not be collectible.

  35. Depreciation of Fixed Assets • At the end of the period, fixed assets owned by a company must be depreciated, because the real value of fixed assets in the current year compared with the value of fixed assets in the year of purchase is not the same (except land).

  36. Continuation Adjusting Steps: • Prior to determining the value of depreciation each year, companies must estimate the residual values and useful lives of fixed assets. • The residual value is the estimated remaining value when the useful life of such assets have been exhausted. • The useful life is estimated term of such assets may provide benefits to the company. • Residual value and benefits are determined by management. • Great calculation of depreciation expense each period using the straight line as follows: Depreciation Expense=

  37. Continuation Recognition of depreciation expense may be recorded using two methods:

  38. Continuation • Direct Method • Indirect Method Problems example : On January 1, 2006, the company bought a car worth Rp. 30,000,000 with an estimated useful life of 3 years. After 3 years of use, the car is estimated to have a residual value of Rp. 15,000,000. Answer : • Depreciation Carl =

  39. EXERCISES

  40. Answer in Rp, (000)

  41. ADJUSTED AFTER BALANCE SHEETS • As already noted, one purpose of making a trial balance is to facilitate the preparation of financial statements. This objective applies when the trial balance that is not yet require adjustment. If there are any adjustments to the data in the trial balance, then we need a so-called trial balance adjusted trial balance. • Seetalah adjusted trial balance can be done directly from the ledger after adjusting entries posted to it. Another way is to create a trial balance before adjustment column, the column adjusting entries and trial balance columns after adjusting.

  42. REPORTING STAGE COMPANY ACCOUNTING SERVICES

  43. Worksheet • Enter balances the ledger accounts into the columns of the trial balance. • Incorporating adjustments into columns adjustments. • Filling columns adjusted trial balance. • Moving the amounts in the adjusted trial balance columns after columns into L / R (which is a nominal account) and the columns of the balance sheet (which is a real account)

  44. The procedure makes Worksheets  The purpose of the working paper: • Facilitate the preparation of financial statements. • Classify and summarize information-informasu of the trial balance and the adjustment data so that it becomes drafted preparation before the formal financial statements. • Easier to find errors that might do when making adjusting entries.

  45. Forms and How to Resolve Working Paper

  46. SERVICES COMPANY FINANCIAL STATEMENTS

  47. An income statement is a summary of income (revenue) and expenses (expense) for a period of time or a certain period, such as a month or a year. • Income statement

  48. Continuation

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