GROUP ASSIGNMENT

SHARIA ACCOUNTING COURSES

By:

Widiya Wulandari 170810301102

Rahelia Intan C. 170810301128

Wahidiyah Indah Lestari170810301248

STUDY PROGRAM OF S1 ACCOUNTING

FACULTY OF ECONOMY AND BUSINESS

JEMBER UNIVERSITY

2020
 QUIZ # 4

Sharia Bank received an order to make 1 school building from an Islamic high school for Rp.
250,000,000. On January 1, 2016, Islamic High School handed over Rp. 250,000,000 to Sharia
Bank with an agreement that the building will be handed over on October 15, 2016. To fulfill the
order, Sharia Bank ordered CV Adiaksa to build an Islamic high school building. On January 2,
2016, Sharia Bank handed over Rp. 225,000,000 to CV Adiaksa with an agreement that the
Islamic High School Building must be completed no later than October 10, 2016.
Make journal of the transaction as below:
a. When Islamic High School handed over funds to Sharia Bankon January 1, 2016
b. When the sharia bank submitted funds to CV Adiaksa on January 2, 2016
c. When CV Adiaksa handed over the Islamic bank building on October 10, 2016
d. When the Sharia Bank handed over the building to the Islamic High School on October
15, 2016
 Answered Quis 4

The Journal of Transaction of the Akad Istishna'

( In the Rupiahs)

When Islamic High School handed over funds Sharia Bank on January 1, 2016
Date Seller (Sharia Bank)   Buyer (Islamic High School)
January 1, 2016 Cash 250,000,000 Receivables of Istishna' 250,000,000  
  Account Payable of Istishna' 250,000,000   Cash 250,000,000
    (Sharia Bank get cash from Islamic High School)     (Islamic High School transferred cash to Sharia Bank)

When the Sharia Bank submitted funds to CV Adiaksa on January 2, 2016

Date Seller (Sharia Bank)   Buyer (Islamic High School)
January 2, 2016 Istishna' asset in the completion 225,000,000        
  Cash 225,000,000    
  (Sharia Bank handed over the funds to CV Adiaksa as developer)          

When CV Adiaksa handed over the Islamic Bank building on October 10, 2016
Date Seller (Sharia Bank)   Buyer (Islamic High School)
October 10, 2016 Asset Istishna' of building 225,000,000    
    Istishna' asset in the completion   225,000,000          

When the Sharia Bank handed over the building to the Islamih High School on October 15, 2016
Date Seller (Sharia Bank)   Buyer (Islamic High School)
October 15, 2016 Account Payable of Istishna' 250,000,000   Asset Istishna' of building 250,000,000  
    Asset Istishna' of building 225,000,000     Receivables of Istishna' 250,000,000
    Revenue of Istishna'   25,000,000