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    Pre Test5 - Silvissifa'il Fu'adah - 185020300111037

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    This document discusses the percentage of completion method for recognizing revenue and costs over three years (2019-2021) for three construction projects each with a contract price of Rp1 billion. It shows the revenues, costs, and profits recognized each year as the percentage of completion increases from 25% in 2019 to 84.21% in 2020 and 100% in 2021. It also lists the journal entries recorded each year to recognize the costs incurred, billings, and cash collections for each project.

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    Pre Test5 - Silvissifa'il Fu'adah - 185020300111037

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    silvi
    15 views2 pages
    This document discusses the percentage of completion method for recognizing revenue and costs over three years (2019-2021) for three construction projects each with a contract price of Rp1 billion. It shows the revenues, costs, and profits recognized each year as the percentage of completion increases from 25% in 2019 to 84.21% in 2020 and 100% in 2021. It also lists the journal entries recorded each year to recognize the costs incurred, billings, and cash collections for each project.

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    Pre test5_Silvissifa'il Fu'adah_185020300111037

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    This document discusses the percentage of completion method for recognizing revenue and costs over three years (2019-2021) for three construction projects each with a contract price of Rp1 billion. It shows the revenues, costs, and profits recognized each year as the percentage of completion increases from 25% in 2019 to 84.21% in 2020 and 100% in 2021. It also lists the journal entries recorded each year to recognize the costs incurred, billings, and cash collections for each project.

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    15 views2 pages

    Pre Test5 - Silvissifa'il Fu'adah - 185020300111037

    Uploaded by

    silvi
    This document discusses the percentage of completion method for recognizing revenue and costs over three years (2019-2021) for three construction projects each with a contract price of Rp1 billion. It shows the revenues, costs, and profits recognized each year as the percentage of completion increases from 25% in 2019 to 84.21% in 2020 and 100% in 2021. It also lists the journal entries recorded each year to recognize the costs incurred, billings, and cash collections for each project.

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    © All Rights Reserved
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    of 2

    Nama: SIlvissifa’il Fu’adah (185020300111037)

    KASUS 1

    1. Percentage of completion method


    a. Pendapatan dan laba bersih

      2019 2020 2021


    Contract price Rp 1,000,000,000 Rp 1,000,000,000 Rp 1,000,000,000
    less estimated cost:  
    Costs to date Rp 200,000,000 Rp 800,000,000 Rp 950,000,000
    Estimated cost to Rp 600,000,000 Rp 150,000,000 Rp -
    complete
    Estimated total cost Rp 800,000,000 Rp 950,000,000 Rp 950,000,000
    Estimated total gross profit Rp 200,000,000 Rp 50,000,000 Rp 50,000,000
    Percent complete 25% 84,21% 100%

     
    Recignized in prior Recognized in
      To date
    years current year
    2019
    Revenues Rp 250,000,000 Rp 250,000,000
    Costs Rp 200,000,000 Rp 200,000,000
    Gross profit Rp 50,000,000 Rp 50,000,000
       
    2020  
    Revenues Rp 842,105,263 Rp 250,000,000 Rp 592,105,263
    Costs Rp 800,000,000 Rp 200,000,000 Rp 600,000,000
    Gross profit Rp 42,105,263 Rp 50,000,000 Rp (7,894,737)
       
    2021  
    Revenues Rp 1,000,000,000 Rp 842,105,263 Rp 157,894,737
    Costs Rp 950,000,000 Rp 800,000,000 Rp 150,000,000
    Gross profit Rp 50,000,000 Rp 42,105,263 Rp 307,894,737
      2019   2020   2021  
    To records cost of  
    construction:
    Construction in process Rp Rp Rp  
    200,000,000 600,000,000 150,000,000
    Materials, Payables, Rp Rp Rp
    etc 200,000,000 600,000,000 150,000,000
    To record progress billings:  
    Accounts receivable Rp Rp Rp  
    150,000,000 500,000,000 350,000,000
    Billings on Rp Rp Rp
    construction in process 150,000,000 500,000,000 350,000,000
     
    To record collections:  
    Cash Rp Rp Rp  
    150,000,000 500,000,000 350,000,000
    Accounts receivables   Rp   Rp   Rp
    150,000,000 500,000,000 350,000,000

    b. Jurnal yang dicatat

      2019   2020   2021  


    To records cost of  
    construction:
    Construction in process Rp Rp Rp  
    200,000,000 600,000,000 150,000,000
    Materials, Payables, etc Rp Rp Rp
    200,000,000 600,000,000 150,000,000
    To record progress billings:  
    Accounts receivable Rp Rp Rp  
    150,000,000 500,000,000 350,000,000
    Billings on construction in Rp Rp Rp
    process 150,000,000 500,000,000 350,000,000
     
    To record collections:  
    Cash Rp Rp Rp  
    150,000,000 500,000,000 350,000,000
    Accounts receivables   Rp   Rp   Rp
    150,000,000 500,000,000 350,000,000

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