Pengantar Akuntansi Ii 3 SKS: Minggu 13

MINGGU 13
PENGANTAR AKUNTANSI II 3 SKS

• Pokok Bahasan/ Sub CPMK: AKUNTANSI USAHA PERSEKUTUAN
1. Berbagai Bentuk Badan Hukum Perusahaan Di Indonesia
2. Pendirian Persekutuan Dan Pembagian Laba -Rugi
3. Keikutsertaan dan Pengunduran Diri Rekan
4. Likuidasi Persekutuan & Laporan Equitas Persekutuan
• Referensi:
1.Warren dkk, 2018, Pengantar Akuntansi II, Adaptasi Indonesia. Edisi 4 Jakarta,
Salemba Empat.
2. PSAK/IFRS/SAK ETAP
Akuntansi Badan Usaha Persekutuan
Legal Forms of Business in Indonesia
Civil Partnership
Proprietorships
Firm
Corporation
Cooperative Limited
Partnership (CV) Village-Owned
Social Enterprise
(BUMDes)
www.penerbitsalemba.com
Proprietorships
1. Simple to form 1. Difficulty in raising large amounts of capital

2. There are no legal restrictions or forms to file 2. The owner is personally liable for any debts
in forming a proprietorship or legal claims against the business
3. The individual owner can usually make 3. Investment in the business is limited to the
business decisions without consulting others amounts that the owner can provide from
4. The income from a proprietorship is taxed personal resources, plus any additional
only at the individual level (PPh Orang Pribadi) amounts that can be raised through borrowing
Partnerships (slide 1 of 2)
o A partnership is an
association of two or Limited
Partnership (CV)
more persons who

own and manage a
business for profit. Firm
Civil Partnership
Partnerships (slide 2 of 2)
1. Nontaxable entity 1. A partnership has a limited life

2. A partnership is relatively easy to 2. The partners have unlimited liability
form 3. Partners have co-ownership of
3. A partnership is relatively easy and partnership property
inexpensive to organize, requiring only 4. Another characteristic of a
an agreement between two or more partnership is mutual agency
persons (partnership agreement)
Limited Partnership (CV)
o CV is a partnership consisting of one or more general partner (active
partner) and one or more silent partner (or passive partner).
ACTIVE PARTNER
- personally liable for the entire - contributes capital to the
debt of the partnership partnership, is liable only to the
extent of his contribution
- gains or losses only to the extent
of his contribution
PASSIVE PARTNER
Firm (Fa)
o Firma is another common form of

partnership that uses the name of All the partners
have equal
the partner as their business responsibility
according to the
identity. law
o The example of a law firm is Oto C.

Kaligis and Associates Advocate
and Legal Consultant where OC.
Kaligis is one of the firm’s Characteristics
partners. Required by the law
All partners may act to have separate
o The example of accounting firm for the name of the
firm
bookkeeping from
the owner (partner)
for example is KAP Morhan &
Rekan (member of Allinial Global).
Cooperatives
o Cooperatives or Koperasi in Indonesia (or popular as Co-Op in other

countries) are enterprises who are operating mainly to serve their own
members.
o Each member contributes equity capital.
o Own the control of the cooperatives on the basis of one-member, one-
vote principle (and not in proportion to his or her equity contribution).
o Example:
oFarmer’s cooperatives, such as KPBS (Koperasi Peternakan Bandung
Selatan Pangalengan) in West Java.
oCooperatives for small entrepreneurs such as Koperasi Pengusaha Batik
Djakarta (Jakarta Batik Entrepreneurs Cooperatives).
Village-Owned Social Enterprise (VOSE)
Capital of enterprise:
• The village budget by Should be
51% established based
• The public at large by on the needs and
49% potentials of the
village
Definition: business
operation managed by the
Community and Village
Local Officials in an effort
to improve the village
I
economy
As of 2017 there are

more than 18,000
VOSE established in
Indonesia
Activity: Develops their

village as touristic destination,
some other focus on providing
clean water service or waste
Regulation: management to the village
Law No. 6 about residents, or other try to develop
Village was ratified the agricultural products of the
in 2014 village
Comparing Proprietorships and Partnerships
Proprietorship Partnership
Complexity of formation: Simple Complexity of formation: Moderate
Legal liability: No limitation Legal liability: No limitation
Taxation: Nontaxable entity Taxation: Nontaxable entity
Limitation on life of entity : Limited Limitation on life of entity: Limited
Access to capital: Limited Access to capital: Limited
Forming a Partnership (slide 1 of 3)
The investments of each The assets contributed by a
1 partner are recorded in 2 partner are debited to the
separate entries partnership asset accounts
If any liabilities are assumed

by the partnership, the The partner’s
3 partnership liability accounts capital account
are credited 4 is credited for
the net amount
Example Exercise 12-1: Journalize Partner’s
Original Investment (slide 1 of 2)
▪ Renaldi Hariyadi contributed equipment, inventory, and

Rp34,000,000 cash to a partnership. The equipment had a book
value of Rp23,000,000 and a market value of Rp29,000,000. The
inventory had a book value of Rp60,000,000, but only had a
market value of Rp15,000,000, due to obsolescence. The
partnership also assumed a Rp12,000,000 note payable owed by
Renaldi that was used originally to purchase the equipment.
Provide the journal entry for Renaldi’s contribution to the

partnership.
Follow My Example 12-1 (slide 2 of 2)
▪ Journal Entry to the Partnership

Apr. 1 Cash 34,000,000
Inventory 15,000,000
Equipment 29,000,000
Notes Payable 12,000,000
Journal Entry
Renaldi Hariyadi , Capital 66,000,000
Dividing Income
o Income or losses of the

partnership are divided as
Service of the specified in the partnership
partners agreement.
Common o If there is no specification
methods
or agreement, income and
Services and
investments of
losses are divided equally.
the partners
Dividing Income—Services of Partners
(slide 1 of 3)
These services are often recognized

Such allowances are recorded as
Dividing partnership income is by partner salary allowances that
divisions of net income and are
based on the services provided by reflect differences in partners’
credited to the partners’ capital
each partner to the partnership abilities and time devoted to the
accounts
partnership
Example: Dividing Income—Services of Partners
(slide 2 of 3)
▪ Assume that the partnership agreement of Jeni Maharani and Citra Kirana
provides for the following.
Monthly Salary Allowance
Jeni Maharani Rp5,000,000
Citra Kirana 4,000,000
Remaining net income: Divided Equally
▪ Division of net income:

Net income ………………………………………………………………………………………………………… Rp150,000,000
J. Maharani C. Kirana Total
Annual salary allowance Rp60,000,000 Rp48,000,000 Rp108,000,000
Remaining income Rp21,000,000 Rp21,000,000 Rp 42,000,000
Net income Rp81,000,000 Rp69,000,000 Rp150,000,000
(slide 2 of 3)
▪ The entry for closing Income Summary and dividing net income is as
follows:
Dec. 31 Income Summary 150,000,000

Jeni Maharani, Capital 81,000,000
Journal Entry
Citra Kirana , Capital 69,000,000
If Jeni and Citra withdraw their salary allowances monthly, the withdrawals
are debited to their drawing accounts. At the end of the year, the drawing
account debit balances of Rp60,000,000 and Rp48,000,000 are then closed
to the partners’ capital accounts.
Dividing Income—Services of Partners and
Investments (slide 1 of 3)
One such method of dividing partnership

> Investment income would be as follows:
Dividing partnership income is based
upon interest on capital balances of = 1. Partner salary allowances
each partner 2. Interest on capital investments
> Income 3. Any remaining income equally
and Investments (slide 2 of 3)
▪ Assume that the partnership agreement for Jeni and Citra provides for
the following:
Monthly Salary Allowance
Jeni Maharani Rp5,000,000
Citra Kirana 4,000,000
Interest of 12% on each partner’s capital balance as of January 1.

Jeni Maharani, Capital Rp160,000,000
Citra Kirana, Capital Rp120,000,000
Remaining income: Divided Equally

and Investments (slide 3 of 3)
Net income………………………………………………………………………………………………………….… Rp150,000,000
Interest allowance Rp19,200,000 Rp14,400,000 Rp 33,600,000
Total Rp79,200,000 Rp62,400,000 Rp141,600,000
Remaining income Rp 4,200,000 Rp 4,200,000 Rp 8,200,000
12% × Rp160,000,000 12% × Rp120,000,000
▪ The entry for closing Income Summary and dividing net income is as follows:
Journal Entry
Citra Kirana, Capital 66,600,000
Allowances Exceed Net Income (slide 1 of 2)
▪ The total of the salary (Rp108,000,000) and interest

(Rp33,600,000) allowances is Rp141,600,000 with the net income
is Rp100,000,000.
▪ In this case, the total of the allowances of Rp141,600,000
exceeds the net income by Rp41,600,000 (Rp100,000,000 2
Rp141,600,000). This amount is divided equally between Jeni and
Citra.
▪ Thus, Rp20,800,000 (Rp41,600,000/2) is deducted from each
partner’s share of the allowances. The final division of net
income between Jeni and Citra is as follows.
Example: Allowances Exceed Net Income
(slide 2 of 2)
Net income………………………………………………………………………………………………………………………. Rp100,000,000

Interest allowance Rp19,200,000 Rp14,400,000 Rp 33,600,000
Total Rp79,200,000 Rp62,400,000 Rp141,600,000
Deduct excess of allowance over income Rp20,800,000 Rp20,800,000 Rp 41,600,000
Net income* Rp58,400,000 Rp41,600,000 Rp100,000,000
*In the event of a net loss, the amount deducted from the total allowances would be the “excess of allowances over loss” or the sum of the net loss and the allowances, divided according to the sharing ratio.
▪ The entry for closing Income Summary and dividing net income is as follows:
Journal Entry
Citra Kirana, Capital 41,600,000
Example Exercise 12-2: Dividing Partnership Net
Income (slide 1 of 2)
▪ Sinta Permatasari and Clara Putri formed a partnership, dividing
income as follows:
1. Annual salary allowance to Sinta of Rp42,000,000.
2. Interest of 9% on each partner’s capital balance on January 1.
3. Any remaining net income divided equally.
▪ Sinta and Clara had Rp20,000,000 and Rp150,000,000 in their
January 1 capital balances, respectively. Net income for the year
was Rp240,000,000.
How much net income should be distributed to Sinta and Clara?
▪ Divisionof net income:

Net income………………………………………………………………………………………………………… Rp240,000,000
S. Permatasari Clara Putri Total
Annual salary allowance Rp 42,000,000 Rp 0 Rp 42,000,000

Interest allowance Rp 1,800,000 Rp 13,500,000 Rp 15,300,000
Total Rp 43,800,000 Rp 13,500,000 Rp 57,300,000
Remaining income Rp 91,350,000 Rp 91,350,000 Rp182,700,000
9% × Rp20,000,000
9% × Rp150,000,000
(Rp240,000,000 – Rp42,000,000 – Rp15,300,000) × 50%
Admitting a Partner (slide 1 of 5)
Revaluation of Assets (slide 1 of 2)
o Before a new partner is admitted, the balances of a

partnership’s asset accounts should be stated at
current values. If necessary, the accounts should be
adjusted.
o Any net adjustment (increase or decrease) in asset
values is divided among the capital accounts of the
existing partners, similar to the division of income.
Example Exercise 12-3: Revaluing and Contributing
Assets to a Partnership (slide 1 of 2)
▪ Rahmat Subagja invested Rp45,000,000 in the Lucky & Karina

partnership for ownership equity of Rp45,000,000. Prior to
the investment, land was revalued to a market value of
Rp260,000,000 from a book value of Rp200,000,000. Lucky
Perdana and Karina Thamrin share net income in a 1:2 ratio.
a) Provide the journal entry for the revaluation of land.

b) Provide the journal entry to admit Rahmat.
a) Journal Entry for the Revaluation of Land 1/3 × Rp60,000,000
xxx xx Land 60,000,000

20xx Lucky Perdana, Capital 20,000,000
Journal Entry
Karina Thamrin, Capital 40,000,000
2/3 × Rp60,000,000
b) Journal Entry to Admit Rahmat Subagja

xxx xx Cash
45,000,000
20xx Rahmat Subagja , Capital 45,000,000
Journal Entry
Partner Bonuses (slide 1 of 7)
Example Exercise 12-4: Partner Bonus
▪ Lusiana has a capital balance of Rp51,000,000 after adjusting

assets to fair market value. Qonita contributes Rp24,000,000
to receive a 30% interest in a new partnership with Lusiana.
Determine the amount and recipient of the partner bonus.
Equity of Lusiana Rp51,000,000

Qonita’s contribution 24,000,000
Total equity after admitting Qonita 75,000,000
Qonita’s equity interest × 30%
Qonita’s equity after admission Rp22,500,000
Qonita’s contribution Rp24,000,000
Qonita’s equity after admission Rp25,500,000
Bonus paid to Lusiana Rp 1,500,000
Withdrawal of a Partner (slide 1 of 2)
o The withdrawing partner’s interest is normally sold to the:
EXISTING
PARTNERSHIP
PARTNERS
If the partnership purchases the
If the existing partners purchase the withdrawing partner’s interest, the assets
withdrawing partner’s interest, the and the owners’ equity of the
purchase and sale of the partnership partnership are reduced by the purchase
interest is between the partners as price. Before the purchase, the asset
individuals. accounts should be adjusted to current
values.
Withdrawal of a Partner (slide 2 of 2)
▪ Existing partners purchase the withdrawing partner’s

interest
Capital of the Partner Withdrawing xxx
Journal Entry
Capital of the Partners Buying the Additional
Interest xxx
▪ Partnership purchases the withdrawing partner’s interest

Capital of the Partner Withdrawing xxx
Journal Entry
Cash xxx
If not enough partnership cash is
available to pay the withdrawing
partner, a liability may be created
(credited) for the amount owed the
withdrawing partner
Death of a Partner
• The partnership accounts should be closed as of the date of death

1
• The net income for the current period should then be determined and divided
2 among the partners’ capital accounts
• The asset accounts should also be adjusted to current values and the amount of
3 any adjustment divided among the capital accounts of the partners
JOURNAL ENTRY
RECORDING
Deceased Partner’s Capital xxx

Journal Entry
Liability (which is payable to the deceased’s
estate) xxx
Liquidating Partnerships
When a partnership goes out of business, it sells the assets,

pays the creditors, and distributes the remaining cash or
other assets to the partners. This winding-up process is
called the liquidation of the partnership.
Steps in Liquidating a Partnership
BANK
CAPITAL A
Bal. xxx
CAPITAL B
Bal. xxx
Example Exercise 12-5: Liquidating Partnerships
▪ Prior to liquidating their partnership, Thamrin and Ganjar had capital accounts of
Rp50,000,000 and Rp100,000,000, respectively. Prior to liquidation, the partnership
had no other cash assets than what was realized from the sale of assets. These assets
were sold for Rp220,000,000. The partnership had Rp20,000,000 of liabilities. Thamrin
and Ganjar share income and losses equally. Determine the amount received by
Ganjar as a final distribution from the liquidation of the partnership.
Ganjar’s equity prior to liquidation Rp100,000,000

Realization of asset sale Rp220,000,000
Book value of assets
(Rp50,000,000 + Rp100,000,000 + Rp20,000,000) 170,000,000
Gain on liquidation Rp 50,000,000
Ganjar’s share of gain (50% × Rp50,000,000) 25,000,000
Ganjar’s cash distribution Rp125,000,000
Capital Deficiency
The share of a loss on realization may be greater than the

balance in a partner’s capital account. The resulting debit
balance in the capital account is called a deficiency. It
represents a claim of the partnership against the partner.
Example Exercise 12-6: Liquidating Partnerships—
Deficiency (slide 1 of 2)
▪ Prior to liquidating their partnership, Susan and Beni had
capital accounts of Rp20,000,000 and Rp80,000,000,
respectively. The partnership assets were sold for
Rp40,000,000. The partnership had no liabilities. Susan and
Beni share income and losses equally.
a) Determine the amount of Susan’s deficiency.

b) Determine the amount distributed to Beni, assuming
Susan is unable to satisfy the deficiency.
a) The amount of Susan’s deficiency:

Susan’s equity prior to liquidation Rp20,000,000
Realization of asset sale Rp 40,000,000
Book value of assets
(Rp20,000,000 + Rp80,000,000) 100,000,000
Loss on liquidation Rp 60,000,000
Susan’s share of loss (50% × Rp50,000,000) 30,000,000
Susan’s deficiency (Rp10,000,000)
b) The amount distributed to Beni, assuming Susan is unable to

satisfy the deficiency:
Rp40,000,000 = Rp80,000,000 – Rp30,000,000 share of loss –
Rp10,000,000 Sarah deficiency.
Statement of Partnership Equity (slide 1 of 2)
o Reporting changes in partnership capital accounts is

similar to that for a proprietorship. The primary
difference is that there is a capital account for each
partner.
o The changes in partner capital accounts for a period of
time are reported in a statement of partnership
equity.
Statement of Partnership Equity (slide 2 of 2)
Investors Associates
Statement of Partnership Equity
For the Year Ended December 31, 2016
Desi Sekarwati, Kania Ayuningtias, Total Partnership

Capital Capital Capital
Balance, January 1, 2016 Rp245,000,000 Rp365,000,000 Rp610,000,000
Capital additions 50,000,000 50,000,000
Net income for the year 40,000,000 80,000,000 120,000,000

Less partner withdrawals (5,000,000) (45,000,000) (50,000,000)
Balance, December 31, 2016 Rp330,000,000 Rp400,000,000 Rp730,000,000
Each partner’s capital account is shown as a separate column. The

partner capital accounts may change due to capital additions, net
income,www.penerbitsalemba.com
or withdrawals.
Financial Analysis and Interpretation: Revenue per
Employee
o Revenue per employee is a measure of the efficiency of the

business in generating revenues.
o It is computed as follows:
𝑹𝒆𝒗𝒆𝒏𝒖𝒆
𝑹𝒆𝒗𝒆𝒏𝒖𝒆 𝒑𝒆𝒓 𝒆𝒎𝒑𝒍𝒐𝒚𝒆𝒆 =
𝑵𝒖𝒎𝒃𝒆𝒓 𝒐𝒇 𝑬𝒎𝒑𝒍𝒐𝒚𝒆𝒆𝒔
Example Exercise 12-7: Revenue per Employee
(slide 1 of 3)
▪ KAP Rama dan Rekan earned Rp4,200,000,000 during 2016

using 20 employees. During 2017, the firm grew revenues to
Rp4,560,000,000 and expanded the staff to 24 employees.
a)Determine the revenue per employee for each year.

b)Interpret the results.
a) 𝑅𝑒𝑣𝑒𝑛𝑢𝑒 𝑝𝑒𝑟 𝐸𝑚𝑝𝑙𝑜𝑦𝑒𝑒 =

𝑅𝑒𝑣𝑒𝑛𝑢𝑒
𝑁𝑢𝑚𝑏𝑒𝑟 𝑜𝑓 𝐸𝑚𝑝𝑙𝑜𝑦𝑒𝑒𝑠
Revenue per employee, 2016:

𝑅𝑒𝑣𝑒𝑛𝑢𝑒 𝑝𝑒𝑟 𝐸𝑚𝑝𝑙𝑜𝑦𝑒𝑒 =
Rp4,200,000,000
20 𝐸𝑚𝑝𝑙𝑜𝑦𝑒𝑒𝑠
𝑅𝑒𝑣𝑒𝑛𝑢𝑒 𝑝𝑒𝑟 𝐸𝑚𝑝𝑙𝑜𝑦𝑒𝑒 = Rp210,000,000 per employee
Revenue per employee, 2017:

Rp4,560,000,000
𝑅𝑒𝑣𝑒𝑛𝑢𝑒 𝑝𝑒𝑟 𝐸𝑚𝑝𝑙𝑜𝑦𝑒𝑒 =
24 𝐸𝑚𝑝𝑙𝑜𝑦𝑒𝑒𝑠
𝑅𝑒𝑣𝑒𝑛𝑢𝑒 𝑝𝑒𝑟 𝐸𝑚𝑝𝑙𝑜𝑦𝑒𝑒 = Rp190,000,000 per employee

b) While KAP Rama dan Rekan grew revenues by

Rp360,000,000 (Rp4,560,000,000 – Rp4,200,000,000), or
8.6% (Rp360,000,000/Rp4,200,000,000), the number of
employees expanded by 4, or 20% (4/20). The growth in
revenue was less than the growth in the number of
employees; thus, the revenue per employee declined
between the two years. The firm was less efficient in
generating revenues from its employees in 2017.
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MINGGU 13

PENGANTAR AKUNTANSI II 3 SKS

1. Simple to form 1. Difficulty in raising large amounts of capital

more persons who

1. Nontaxable entity 1. A partnership has a limited life

o Firma is another common form of

o The example of a law firm is Oto C.

o Cooperatives or Koperasi in Indonesia (or popular as Co-Op in other

As of 2017 there are

Activity: Develops their

Complexity of formation: Simple Complexity of formation: Moderate

Legal liability: No limitation Legal liability: No limitation

Taxation: Nontaxable entity Taxation: Nontaxable entity

Limitation on life of entity : Limited Limitation on life of entity: Limited

Access to capital: Limited Access to capital: Limited

If any liabilities are assumed

▪ Renaldi Hariyadi contributed equipment, inventory, and

Provide the journal entry for Renaldi’s contribution to the

▪ Journal Entry to the Partnership

o Income or losses of the

These services are often recognized

▪ Division of net income:

Dec. 31 Income Summary 150,000,000

One such method of dividing partnership

Interest of 12% on each partner’s capital balance as of January 1.

Remaining income: Divided Equally

▪ The total of the salary (Rp108,000,000) and interest

Annual salary allowance Rp60,000,000 Rp48,000,000 Rp108,000,000

▪ Divisionof net income:

S. Permatasari Clara Putri Total

Annual salary allowance Rp 42,000,000 Rp 0 Rp 42,000,000

o Before a new partner is admitted, the balances of a

▪ Rahmat Subagja invested Rp45,000,000 in the Lucky & Karina

a) Provide the journal entry for the revaluation of land.

a) Journal Entry for the Revaluation of Land 1/3 × Rp60,000,000

xxx xx Land 60,000,000

b) Journal Entry to Admit Rahmat Subagja

▪ Lusiana has a capital balance of Rp51,000,000 after adjusting

Equity of Lusiana Rp51,000,000

o The withdrawing partner’s interest is normally sold to the:

▪ Existing partners purchase the withdrawing partner’s

▪ Partnership purchases the withdrawing partner’s interest

• The partnership accounts should be closed as of the date of death

Deceased Partner’s Capital xxx

When a partnership goes out of business, it sells the assets,

Ganjar’s equity prior to liquidation Rp100,000,000

The share of a loss on realization may be greater than the

a) Determine the amount of Susan’s deficiency.

a) The amount of Susan’s deficiency:

b) The amount distributed to Beni, assuming Susan is unable to

o Reporting changes in partnership capital accounts is

Desi Sekarwati, Kania Ayuningtias, Total Partnership

Net income for the year 40,000,000 80,000,000 120,000,000

Each partner’s capital account is shown as a separate column. The

o Revenue per employee is a measure of the efficiency of the

▪ KAP Rama dan Rekan earned Rp4,200,000,000 during 2016

a)Determine the revenue per employee for each year.