Anda di halaman 1dari 83

5

Accounting Systems
Principles of Accounting
Indonesia Adaptation
2nd Edition

Reeve | Warren | Duchac | Suhardianto |


Kalanjati | Jusuf | Djakman |

Copyright 2012 Penerbit Salemba Empat


and Cengage Learning

After studying this chapter, you should


be able to:
1. Define an accounting system and describe

its implementation.
2. Journalize and post transactions in a
manual accounting system that uses
subsidiary ledgers and special journals.
2

After studying this chapter, you should


be able to:
3. Describe and give examples of additional

subsidiary ledgers and modified special


journals.
4. Apply computerized accounting to the
revenue and collection cycle.
5. Describe the basic features of e-commerce.
3

5-1

Objective
Objective 11
Define an accounting
system and describe its
implementation.
4

Accounting Systems Growth Process

5-1

Accounting system is the


methods and procedures for
collecting, classifying,
summarizing,
and reporting a businesss
financial and operating
information

55

Three Step Process as a Business


Grows and Changes

5-1

Step 1: Analysis
Identify the needs of those who use the
businesss financial information.
Determine how the system should
provide this information.
6

5-1

Step 2: Design
The system is designed so that it meets
the users needs.
Step 3: Implementation
The system is implemented and used.

Feedback

5-1

Once a system has been


implemented, feedback, or input
from the users of the information
can be used to analyze and
improve the system.
8

Internal Controls

5-1

Internal controls are policies


and procedures that protect
assets from misuse, ensure that
business information is accurate,
and ensure that laws and
regulations are being followed.
9

Processing Methods

5-1

Processing methods are the


means by which the system
collects, summarizes, and
reports accounting information.
These methods may be either
manual or computerized.
10

5-2

Objective
Objective 22
Journalize and post transactions
in a manual accounting system
that uses subsidiary ledgers and
special journals.
11

5-2

A large number of individual


accounts with a common
characteristic can be grouped
together in a separate ledger called
a subsidiary ledger.
12

5-2

The primary ledger, which


contains all of the balance
sheet and income statement
accounts, is called a
general ledger.
13

5-2

Each subsidiary ledger is


represented in the general
ledger by a summarizing
account, called a
controlling account.
14

5-2

The individual customers


accounts are arranged in
alphabetical order in a subsidiary
ledger called the accounts
receivable subsidiary ledger or
customers ledger.
15

5-2

The individual creditors


accounts are arranged in
alphabetical order in a
subsidiary ledger called the
accounts payable
subsidiary ledger, or
creditors ledger.
16

5-2

General Ledger and Subsidiary Ledgers


General Ledger

Cash

11

Accounts Receivable
Subsidiary Ledger

Accts. Rec.

12

Customer Accounts

Supplies

14

Accounts Payable
Subsidiary Ledger

Accts. Pay.

21

Creditor Accounts

17
17

5-2

Special Journals

SELLING
Providing services on account
recorded
Revenue journal
recordedin
in
Receipt of cash from any source
recorded
recordedin
in

Cash receipts journal


18
18

5-2

Special Journals

BUYING
Purchase of items on account
recorded
Purchases journal
recordedin
in
Payment of cash for any purpose
recorded
recordedin
in

Cash payments journal


19
19

Special Journals

5-2

The all-purpose two-column


journal, called the general journal
or simply the journal can be used
for entries that do not fit into any
of the special journals.
20

5-2

The revenue journal is used for


recording fees earned on account.
Cash fees earned would be recorded
in the cash receipts journal.

21

5-2

Posting the Revenue Journal


Page 35

Revenue Journal
Date

Invoice
No.

2008
1 Mar.
2 615
2
6 616
3
18 617
4
27 618

Account Debited

Post
Ref.

Accts. Rec. Debit


Fees Earned Credit

Accessories by Sintha

200 000

RapZone

750 000

Web Cantina

650 000

Accessories by Sintha

000 000

@solusinet

22
22

5-2
Page 35

Revenue Journal
Date

Invoice
No.

2008
1 Mar.
2 615
2
6 616
3
18 617
4
27 618

5
6

Post
Ref.

Account Debited

Accts. Rec. Debit


Fees Earned Credit

Accessories by Sintha

200 000

RapZone

750 000

Web Cantina

650 000

Accessories by Claire

000 000

Accounts Receivable Subsidiary Ledger


Accessories by Sintha
Date
2008

Mar. 2

Item

P.R.

Debit

R35 2,200,000

Credit

Balance

5
6

2,200,000

23
23

5-2
Page 35

Revenue Journal
Date

Invoice
No.

2008
1 Mar.
2 615
2
6 616
3
18 617
4
27 618

5
6

Post
Ref.

Account Debited

Accts. Rec. Debit


Fees Earned Credit

Accessories by Sintha

200 000

RapZone

750 000

Web Cantina

650 000

Accessories by Claire

000 000

Accounts Receivable Subsidiary Ledger


Accessories by Sintha
Date
2008

Mar. 2

Item

P.R.

Debit

R35 2,200,000

Credit

Balance

5
6

2,200,000

24
24

5-2
Page 35

Revenue Journal
Date

Invoice
No.

2008
1 Mar.
2 615
2
6 616
3
18 617
4
27 618

Account Debited

Post
Ref.

Accts. Rec. Debit


Fees Earned Credit

Accessories by Sintha

200 000

RapZone

750 000

Web Cantina

650 000

Accessories by Sintha

000 000

25
25

5-2

Exhibit 2 Revenue Journal


Page 35

Revenue Journal
Date

Invoice
No.

2008
1 Mar.
2 615
2
6 616
3
18 617
4
27 618

5
6

31

Account Debited

Post
Ref.

Accts. Rec. Debit


Fees Earned Credit

Accessories by Sintha

200 000

RapZone

750 000

Web Cantina

650 000

Accessories by Sintha

000 000

9 600 000

5
6

26
26

5-2

The debit total is posted from the


revenue journal to Accounts
Receivable in the general ledger.
ACCOUNT Accounts Receivable
Date

Item

Post.
Ref.

Account No. 12
Balance
Dr.

2008

Mar. 1Balance
31

Cr.

Dr.

Cr.

3 400 000
R35 9 600 000

Revenue Journal, page 35

13 000 000

27
27

5-2
Page 35

Revenue Journal
Date

Invoice
No.

2008
1 Mar.
2 615
2
6 616
3
18 617
4
27 618

Account Debited

Post
Ref.

Accts. Rec. Debit


Fees Earned Credit

Accessories by Sintha

200 000

RapZone

750 000

Web Cantina

650 000

Accessories by Sintha

000 000

9 600 000

(12)

31

6
Indicates a debit posting of Rp9,600,000 to
Accounts Receivable (General Ledger Account 12)

28
28

5-2

The credit total is posted from the


revenue journal to Fees Earned in
the general ledger.
ACCOUNT Fees Earned
Date

Item

Account No. 41
Post.
Ref.

Balance
Dr.

Cr.

Dr.

Cr.

2008

Mar. 31

R35

Revenue Journal, page 35

9 600 000

9 600 000

29
29

5-2
Page 35

Revenue Journal
Date

Invoice
No.

2008
1 Mar.
2 615
2
6 616
3
18 617
4
27 618

5
6

31

Account Debited

Post
Ref.

Accts. Rec. Debit


Fees Earned Credit

Accessories by Sintha

200 000

RapZone

750 000

Web Cantina

650 000

Accessories by Sintha

000 000

9 600 000

(12)

(41)

Indicates a credit posting of Rp9,600,000


to Fees Earned (General Ledger Account
41)

30
30

5-2
Example Exercise 5-1

The following revenue transactions occurred during


December:
Dec. 5 Invoice No. 302 to Budiman for services
provided on account, Rp5,000,000.
Dec. 9 Invoice No. 303 to JoJo Enterprises for
services provided on account, Rp2,100,000.
Dec. 15 Invoice No. 304 to Double D, Inc. for
services provided on account, Rp3,250,000.
Record these transactions in a revenue journal as
illustrated in Exhibit 2.
31

5-2

Follow My Example 5-1


Page

Revenue Journal
Invoice
No.

Date

1 Dec.
2
3

Account Debited

Post
Ref.

Accts. Rec. Debit


Fees Earned Credit

5 302

Budiman

000 000

JoJo Enterprises

100 000

Double D Inc.

250 000

303

15 304

32

Cash Receipts Journal

5-2

All transactions that involve the


receipt of cash are recorded in a
cash receipts journal.
Every entry recorded in the cash
receipts journal will involve a debit
to the Cash Dr. column.
33

5-2

Cash Receipts Journal and Postings


CASH RECEIPTS JOURNAL

Date

Page 14
Other
Post Accounts
Ref.
Cr.

Account Credited

2008

42

Mar. 1 Rent Revenue

Accounts
Receivable
Cr.

400,000

19 Web Cantina
28 Accessories by Sintha
30 RapZone

Cash
Dr.
400,000

3,400,000 3,400,000
2,200,000 2,200,000
1,750,000 1,750,000

GENERAL LEDGER
ACCOUNT Rent Revenue

@solusinet

Date
2008

Mar. 1

Item

P.R.

CR14

Debit

Acct. No. 42
Credit

400,000

Cr. Bal.

400,000

34
34

5-2
CASH RECEIPTS JOURNAL

Date

Page 14
Other
Post Accounts
Ref.
Cr.

Account Credited

2008

42

Mar. 1 Rent Revenue

Accounts
Receivable
Cr.

400,000

19 Web Cantina
28 Accessories by Sintha
30 RapZone

Cash
Dr.
400,000

3,400,000 3,400,000
2,200,000 2,200,000
1,750,000 1,750,000

Accounts Receivable Subsidiary Ledger


Web Cantina
Date
2008

Item

P.R.

Debit

Credit

Balance

Mar. 1 Bal.
3,400,000
18
R35 2,650,000
6,050,000
CR14
19
3,400,0002,650,000

35
35

5-2

After all journalizing and


posting for the month to
individual accounts is complete,
the columns are totaled.

36

5-2

Posted Cash Receipts Journal


CASH RECEIPTS JOURNAL

Date
2008

Mar. 1
19
28
30

Account Credited
Rent Revenue
Web Cantina
Accessories by Sintha
RapZone

Page 14
Other
Post Accounts
Ref.
Cr.

42

Accounts
Receivable
Cr.

Cash
Dr.

400,000

3,400,000
2,200,000
1,750,000
7,350,000

400,000
3,400,000
2,200,000
1,750,000
7,750,000

( )

(12)

(11)

400,000

AAcheckmark
checkmarkindicates
indicatesthat
that
the
theitems
itemsininthis
thiscolumn
columnare
are
posted
postedindividually.
individually.

37
37

5-2

After posting, the total amount of the


accounts in the accounts receivable
subsidiary ledger should match the
balance in the general ledgers
Accounts Receivable account.
38

5-2
Accounts Receivable(Controlling)

Balance, March 1, 2008


Rp3,400,000
Total debits (from revenue journal)
9,600,000
Total credits (from cash receipts journal)
(7,350,000)
Balance, March 31, 2008
Rp5,650,000
SolusiNet
Customer Balance Summary Report, March 31, 2008

Accessories By Sintha
RapZone
Web Cantina
Total accounts receivable

Rp3,000,000
0
2,650,000
Rp5,650,000
39
39

5-2
Example Exercise 5-2
The debits and credits from two transactions are presented
in the following customer account:
NAME

Mitra Prima

ADDRESS
Date

Jalan Raden Saleh No.94

Item

July 1 Bal.
7 Inv. 35
31 Inv. 31

P.R.

R12
CR4

Dr.

Cr.

86
122

Balance

625,000
711,000
589,000

Describe each transaction and the source of each


posting.

40

5-2

Follow My Example 5-2


July 7 Provided Rp86,000 services on account to Mitra
Prima, itemized on invoice 35. Amount posted
from page 12 of the revenue journal.
July 31 Cash of Rp122,000 was collected from Mitra
Prima (invoice 31). Amount posted from page 4
of the cash receipts journal.

41

5-2

The purchases journal is


designed for recording all
purchases on account.
Cash purchases would be
recorded in the cash
payments journal
42

5-2

Journalizing in the Purchases Journal

Date
2008

Mar. 3
7
12
19
27

Account Credited
Toko Husin
Toko Desiana
Jujur
Toko Desiana
Toko Husin

PURCHASES JOURNAL
Accts.
Other
Post Payable
Supplies Accounts
Ref.
Cr.
Dr.
Dr.
600,000
420,000
2,800,000
1,450,000
960,000

Page 11
Post
Ref.

Amount

600,000
420,000
Off. Equip.

2,800

1,450,000
960,000

@solusinet
43
43

5-2

Note that the March 12 purchase


of office equipment for
Rp2,800,000 is recorded as a
debit in the Other Accounts Dr.
column. Also note that the
account title is written in for
proper posting.
44

5-2

Date
2008

Mar. 3
7
12
19
27

Account Credited
Toko Husin
Toko Desiana
Jujur
Toko Desiana
Toko Husin

PURCHASES JOURNAL
Accts.
Other
Post Payable
Supplies Accounts
Ref.
Cr.
Dr.
Dr.
600,000
420,000
2,800,000
1,450,000
960,000

Page 11
Post
Ref.

Amount

600,000
420,000
Off. Equip.

2,800,000

1,450,000
960,000

45
45

5-2

Posting the Purchases Journal

Date
2008

Mar. 3
7
12
19
27

Account Credited
Toko Husin
Toko Desiana
Jujur
Toko Desiana
Toko Husin

PURCHASES JOURNAL
Accts.
Other
Post Payable
Supplies Accounts
Ref.
Cr.
Dr.
Dr.

Page 11
Post
Ref.

600,000 600,000
420,000 420,000
2,800,000
Off. Equip.
1,450,000 1,450,000
Accounts960,000
Payable 960,000
Subsidiary Ledger

Amount

2,800,000

Toko Husin
Date
2008

Mar 3

Item

P.R.

P11

Dr.

Cr.

Balance

600,000 600,000
46
46

5-2

Date
2008

Mar. 3
7
12
19
27

Account Credited
Toko Husin
Toko Desiana
Jujur
Toko Desiana
Toko Husin

PURCHASES JOURNAL
Accts.
Other
Post Payable Supplies Accounts
Ref.
Cr.
Dr.
Dr.
600,000
420,000
2,800,000
1,450,000
960,000

Page 11
Post
Ref.

Amount

18

2,800,000

600,000
420,000
Off. Equip.
1,450,000
960,000

Office Equipment (Account 18 in the


general ledger) is debited for Rp2,800,000.

47
47

5-2

At the end of March, all columns are totaled


and equality of debits and credits is verified.
Then the total amount in the Accounts
Payable Cr. and Supplies Dr. columns are
posted. Because Office Equipment was
posted earlier, the Rp2,800,000 total is not
posted.
48

5-2

Date
2008

Mar. 3
7
12
19
27
31

PURCHASES JOURNAL
Accts.
Other
Post Payable Supplies Accounts
Account Credited Ref.
Cr.
Dr.
Dr.
Toko Husin
Toko Desiana
Jujur
Toko Desiana
Toko Husin

600,000
420,000
2,800,000
1,450,000
960,000
6,230,000
( 21)

Page 11
Post
Ref.

Amount

18

2,800,000

600,000
420,000
Off. Equip.
1,450,000
960,000
3,430,000
( )

2,800,000
( )

GENERAL LEDGER
ACCOUNT Accounts Payable
Date Item P.R.
2008

Mar. 1 Bal
31
P11

Debit Credit

No. 21
Balance

1,230,000
6,230,000 7,460,000

49
49

5-2

Date
2008

Mar. 3
7
12
19
27
31

PURCHASES JOURNAL
Accts.
Other
Post Payable Supplies Accounts
Account Credited Ref.
Cr.
Dr.
Dr.
Toko Husin
Toko Desiana
Jujur
Toko Desiana
Toko Husin

600,000
420,000
2,800,000
1,450,000
960,000
6,230,000
( 21)

Page 11
Post
Ref.

Amount

18

2,800,000

600,000
420,000
Off. Equip.
1,450,000
960,000
3,430,000
( 14 )

2,800,000
( )

GENERAL LEDGER
ACCOUNT Supplies
Date Item P.R.

No. 14
Debit Credit

2008

Mar. 1 Bal
31
P11

3,430,000

Balance

2,500,000
5,930,000

50
50

5-2
Example Exercise 5-3
The following purchase transactions occurred during
October for Helping Hand Cleaners:
Oct. 11 Purchased cleaning supplies for Rp235,000, on
account, from General Supplies.
19 Purchased cleaning supplies for Rp110,000, on
account, from Hutama Supplies.
24 Purchased office equipment for Rp850,000, on
account,
from Office Warehouse.
Record these transactions in a purchases journal as
illustrated at the top of Exhibit 5.
51

5-2

Follow My Example 5-3

Date
Oct. 11
19
24

Account Credited
General Supplies
Hutama Supplies
Office Warehouse

PURCHASES JOURNAL
Accts.
Other
Post Payable Supplies Accounts
Ref.
Cr.
Dr.
Dr.
235,000
235,000
110,000 110,000
850,000
Off. Equip.

Post
Ref.

18

Amount

850,000

52

Cash Payments Journal

5-2

All transactions involving


a credit to Cash are
recorded in the cash
payments journal.
53

5-2
CASH PAYMENTS JOURNAL

Date
2008

Mar. 2

Ck.
No.

150

Account Debited

Rent Expense

Other Accounts
Post Accounts Payable
Ref.
Dr.
Dr.

1,600,000

PAGE 7

Cash
Cr

1,600,000

On March 2, issued Check 150


for rent of Rp1,600,000.

@solusinet

54
54

5-2
CASH PAYMENTS JOURNAL

Date
2008

Mar. 2
15

Ck.
No.

150
151

Account Debited

Rent Expense
Guntur

Other Accounts
Post Accounts Payable
Ref.
Dr.
Dr.

1,600,000

PAGE 7

Cash
Cr

1,600,000
1,230,000 1,230,000

On March 15, issued Check 151 to


Guntur on account, Rp1,230,000.
55
55

5-2

Lets post to the accounts


payable subsidiary ledger at
this time to keep the
creditors account current.

56

5-2
CASH PAYMENTS JOURNAL

Date
2008

Mar. 2
15

Ck.
No.

Account Debited

PAGE 7

Other Accounts
Post Accounts Payable
Ref.
Dr.
Dr.

150 Rent Expense


151 Guntur

1,600,000

Cash
Cr

1,600,000
1,230,000 1,230,000

Accounts Payable Subsidiary Ledger


Grayco Supplies
Date
2008

Mar. 3
15

Item

P.R.

Dr.

Bal.

Cr.

Balance

1,230,000
CP7 1,230,000

---

57
57

5-2
CASH PAYMENTS JOURNAL

Date
2008

Mar. 2
15
21
22
30
31

Ck.
No.

150
151
152
153
154
155

Account Debited

Rent Expense
Guntur
Jujur.
Toko Desiana
Utilities Expense
Toko Husin

PAGE 7

Other Accounts
Post Accounts Payable
Ref.
Dr.
Dr.

1,600,000
1,230,000
2,800,000
420,000
1,050,000
600,000

Journalize the remainder of


Marchs cash disbursements.

Cash
Cr

1,600,000
1,230,000
2,800,000
420,000
1,050,000
600,000

58
58

5-2
CASH PAYMENTS JOURNAL

Date
2008

Mar. 2
15
21
22
30
31

Ck.
No.

Account Debited

150
151
152
153
154
155

Rent Expense
Grayco Supplies
Guntur
Jewett Business Sys.
Jujur
Donnelly
Supplies
Toko
Desiana
Utilities Expense
Howard
Supplies
Toko
Husin

PAGE 7

Other Accounts
Post Accounts Payable
Ref.
Dr.
Dr.

1,600
1,600,000
1,230
1,230,000
2,800
2,800,000
420
420,000
1,050
1,050,000
600
600,000

Journalized
remainder of
Post tothe
individual
Marchs
cash disbursements.
creditors
accounts.

Cash
Cr

1,600
1,600,000
1,230
1,230,000
2,800
2,800,000
420
420,000
1,050
1,050,000
600
600,000

5921
59

5-2
CASH PAYMENTS JOURNAL

Date
2008

Mar. 2
15
21
22
30
31
31

Ck.
No.

Account Debited

150
151
152
153
154
155

Rent Expense
Grayco Supplies
Guntur
Jewett Business Sys.
Jujur
Donnelly
Supplies
Toko
Desiana
Utilities Expense
Howard
Supplies
Toko
Husin

PAGE 7

Other Accounts
Post Accounts Payable
Ref.
Dr.
Dr.

1,600
1,600,000
1,230
1,230,000
2,800
2,800,000
420
420,000
1,050
1,050,000
600
600,000
2,650,000 5,050,000

Cash
Cr

1,600
1,600,000
1,230
1,230,000
2,800
2,800,000
420
420,000
1,050
1,050,000
600
600,000
7,700,000

The
Thejournal
journalisisruled,
ruled,summed,
summed,and
andverified
verifiedfor
for
equality
equalityof
ofdebits
debitsand
andthe
theCash
CashCr.
Cr.column.
column.

60
60

5-2
CASH PAYMENTS JOURNAL

Date

Ck.
No.

Account Debited

Other Accounts
Post Accounts Payable
Ref.
Dr.
Dr.

PAGE 7

Cash
Cr

2008

52 1,600,000
1,600
1,600
Mar. 2 150 Rent Expense
1,600,000

Grayco Supplies
1,230 1,230,000
1,230
15 151 Guntur
1,230,000
Jewett Business Sys.
2,800 2,800,000
2,800
21 152 Jujur
2,800,000
Donnelly
Supplies
420
420
22 153 Toko
Desiana
420,000
420,000

1,050
1,050
30 154 Utilities Expense
1,050,000
54 1,050,000

Howard
Supplies
600
600
31 155 Toko
Husin
600,000
600,000
31
2,650,000 5,050,000 7,700,000
Items
Itemsin
inthe
theOther
OtherAccounts
AccountsDr.
Dr.
( )
(21)
(11)
column are posted. Then the totals

column are posted. Then the totals


for
forAccounts
AccountsPayable
PayableDr.
Dr.and
and
Cash
CashCr.
Cr.are
areposted.
posted.

61
61

5-2

Accounts Payable Control and


Subsidiary Ledger
Accounts Payable
(Control)
Balance, March 1, 2008
Total credits (from purchases journal)
Total debits (from cash payments journal)
Balance, March 31, 2008

Toko Desiana
Guntur
Toko Husin
Jujur
Total

Rp1,230,000
6,230,000
(5,050,000)
Rp2,410,000

SolusiNet
Supplier Balance Summary Report
March 31, 2008
Rp1,450,000
0
960,000
0
Rp2,410,000

62

5-2
Example Exercise 5-4
The debits and credits from two transactions are presented
in the following creditors (suppliers) account:
NAME

Lusiana

ADDRESS
Date

Aug. 1
12
22

Jalan Palmerah Selatan No.10

Item

P.R.

Dr.

Cr.

Balance

Bal.
320,000
Bill 101 CP36 200,000
120,000
Bill 106 P16
140,000 260,000

Describe each transaction and the source of each


posting.

63

5-2

Follow My Example 5-4


Aug. 12 Paid Rp200,000 to Lusiana on account (Bill
101). Amount posted from page CP36 of the
cash payments journal.
Aug. 22 Purchased Rp140,000 of services on account
from Lusiana itemized on Bill 106. Amount
posted from page P16 of the purchases journal.

64

5-3

Objective
Objective 33
Describe and give
examples of additional
subsidiary ledgers and
modified special journals.
65

Modified Special Journals

5-3

A business may modify its special


journals by adding one or more
columns for recording transactions
that occur frequently.

66

5-3

@solusinet

On November 2, SolusiNet
issued Invoice No. 842 to
Tulus Abadi for
Rp4,770,000, which
included sales taxes of
Rp270,000.

67

5-3

Modified Revenue Journal

Page 40

Revenue Journal
Date
2008

Nov. 2

Invoice
No.

842

Account Debited

Tulus Abadi

PR

Accts. Rec. Fees Earned Sales Tax. Pay


Dr.
Cr.
Cr.

4 770 000

4 500 000

270 000

@solusinet
68
68

5-3
Page 40

Revenue Journal
Date
2008

Nov. 2

Invoice
No.

842

Account Debited

Tulus Abadi

PR

Accts. Rec. Fees Earned Sales Tax. Pay


Dr.
Cr.
Cr.

4 770 000

4 500 000

270 000

Rp4,770,000
Rp4,770,000isisdebited
debitedto
to
Tulus
TulusAbadi
Abadiin
inthe
the
accounts
accountspayable
payable
subsidiary
subsidiaryledger
ledger
69
69

5-3
Page 40

Revenue Journal
Date
2008

Nov. 2

Invoice
No.

842

Account Debited

Tulus Abadi

PR

Accts. Rec. Fees Earned Sales Tax. Pay


Dr.
Cr.
Cr.

4 770 000

4 500 000

270 000

AAcheckmark
checkmarkindicates
indicates
that
thatthe
theamount
amounthas
has
been
beenposted.
posted.

70
70

5-3

On November 3, issued Invoice


No. 843 to Kumbang for
Rp1,166,000, which included
sales taxes of Rp66,000.

71

5-3
Page 40

Revenue Journal
Date
2008

Nov. 2
3

Invoice
No.

842
843

Account Debited

Tulus Abadi
Kumbang

PR

Accts. Rec. Fees Earned Sales Tax. Pay


Dr.
Cr.
Cr.

4 770 000
1 166 000

4 500 000
1 100 000

270 000
66 000

72
72

5-3
Example Exercise 5-5
The state of Tennessee has a 7% sales tax. Sukmajaya,
had two revenue transactions as follows:
Aug. 3 Issued Invoice No. 58 to Helena Company for
services provided on account, Rp1,400,000, plus
VAT
19 Issued Invoice No. 59 to Kalam Enterprises for
services provided on account, Rp900,000, plus
VAT.
Record these transactions in a revenue journal as
illustrated in the previous section.
73

5-3
Follow My Example 5-5
Revenue Journal
Invoice
No.

Date

Aug.

3
19

Account Debited

58 Helena
59 Kalam

PR

Accts. Rec. Fees Earned Sales Tax. Pay


Dr.
Cr.
Cr.

1 540 000
990 000

1 400 000
900 000

140 000
90 000

74

5-4

Objective
Objective 44
Apply computerized
accounting to the revenue
and collection cycle.
75

Computerized accounting systems have three main


advantages over manual systems:
1. Computerized systems simplify the record-keeping
process. Transactions are recorded in electronic forms
and, at the same time, posted electronically to general and
subsidiary ledger accounts.
2. Computerized systems are generally more accurate than
manual systems.
3. Computerized systems provide management current
account balance information to support decision making,
since account balances are posted as the transactions
occur.

76

5-4

Database

A database collects,
stores, and organizes
information in a
retrievable format.
77

5-4

78
77

5-4

At any time, managers may request


reports from the software.
1) The customer balance
summary.
2) The fees earned by customer
detail.
3) The cash receipts.
79

5-5

Objective
Objective 55
Describe the basic
features of e-commerce.

80

e-Commerce

5-5

Using the Internet to perform business


transactions is termed e-commerce.
When transactions are between a company
and a consumer, it is termed
B2C (business-to-consumer) e-commerce.
When transactions are conducted between a
company and another company, it is termed
B2B ( business-to-business) e-commerce.
81

5-5

Three more advanced areas where the


Internet is being used for business
purposes are:
Supply chain management (SCM)
Consumer relationship management
(CRM)
Product life-cycle management
(PLM)
82

5-5

End of Chapter 5

83

Anda mungkin juga menyukai