Company Profile

Company Name Go Furniture

Distribution Level Distribution
Industry Type Others (Lainnya)
Telephone 0778- 420 3351
Fax 0778 - 420 3420
E-mail admin@Go.com
Cut Off Date 31 Desember 2020
Accounting Period Januari – December
Company Address Jl. Ir. Soekarno
City Batam
Postal Code 29444

Accounting Policy:

General Policy
1. Company use dual currency. Malaysia Ringgit and Indonesian Rupiah
2. Company collect and pay Value Added Tax (VAT).
3. Company recognize the Acquisition of Asset.
4. Account List using Company own Account List

Sales Policy
1. Sales Quotation are created and sent to customer.
2. Sales Return as deduction for receivable are included for broken shipment.
3. All Sales are exclude VAT.
4. Term of Payment Net 30

Purchase Policy
1. Company create Purchase Order to selected supplier
2. Every Purchase Invoice based on Item Received
3. All Purchase are exclude VAT
4. Term of Payment Net 30

Inventory Policy
1. Inventories are stored in 2 warehouse which is Front Side and Back Side.
2. Inventories method using First In First Out (FIFO)
3. Inventory are Taxable with VAT 10% both Purchase and Sales Transaction

I. Account List as of December 31, 2020

Beg. Balance Parent

Acc Type No Acc Name Currency
in IDR Account
Cash/Bank 1101 Cash IDR IDR 2.000.000
Cash/Bank 1102 Cash MYR MYR 4.750.000
Cash/Bank 1200 Bank
Cash/Bank 1201 Bank Mandiri IDR IDR 19.500.000 1200
A/R 1301 Account Receivable IDR IDR 20.000.000
A/R 1302 Account Receivable MYR MYR 19.000.000
Inventory 1401 Inventory 24.750.000
Other C. Ast 1501 Prepaid Rent 3.600.000
Other C. Ast 1502 VAT In 0
FA 1601 Land 100.000.000
FA 1602 Property 200.000.000
FA 1603 Equipment 50.000.000
Acum 1701 Property Acc. Dep. 0
Acum 1702 Equipment Acc. Dep. 0
A/P 2101 Account Payable IDR IDR 15.000.000
A/P 2102 Account Payable IDR MYR 9.500.000
Other C. Liab 2201 Expense Payable 4.000.000
Other C. Liab 2202 VAT Out 0
Other C. Liab 2203 Uncollectible Goods 0
Long Term L. 2301 Bank Mandiri Loan 50.000.000
Equity 3101 Equity 200.000.000
Equity 3999 Retained Earning 0
Revenue 4101 Sales 0
 Revenue 4201 Sales Return 0
Revenue 4202 Sales Discount 0
COGS 5100 Cost of Goods Sold 0
COGS 5200 Freight In 0
COGS 5300 Purchase Discount 0
Expense 6101 Salary Expense 0
Expense 6102 Advertising Expense 0
Expense 6201 Property Depreciation 0
Expense 6202 Equipment Depreciation 0
Expense 6203 Rent Expense 0
Expense 6204 Utility Expense 0
Other Exp 7100 Other Operating Expense 0
Other Income 8100 Other Operating Income 0

II. Supplier

Names Currency Currency Exchange Balance Invoice No. Date

General Supplier IDR

PT. Mulia Abadi MYR 4.000 2.375 INV-MA- 03/12/2020
PT. Indah Jaya IDR ` 15.000.000 IJ/INV-7728 19/12/2020

III. Customer

Nam Currency Exchange

Currency Balance Invoice No. Date
es `
General Customer IDR
CV Berkah Abadi MYR 4.000 4.750 6789 15/12/2020
CV Merdeka IDR ` 20.000.000 3390 10/12/2020

IV. Inventory

Category : (1) Chair (2) Table

Category Name Qty Purchase Price Measurement Warehouse

Chair Working Chair 50 Front
100.000
40 Pcs Back
Table Working Table 50 Front
175.000
40 Pcs Back
Note: Every item sale and purchase are using VAT 10%

V.
Asset Category Fiscal Asset
Land Tidak DIsusutkan
Property Bangunan Permanen
Equipment Gol 1 / Straight Line

VI. Asset List

Name Qty Date Purchase Age Amount
Land at Jl. Ir. Soekarno 1 5-Jan-20 0 100.000.000
Office Building 1 5-Jan-20 25 200.000.000
AC Sharp 3 5-Jan-20 5 50.000.000
1. Depreciation using Straight Line Method except Land Not Depreciable
2. Using Tax Category, Equipment for Gol 2
3. Using Account 30001 – Opening Equity Balance
Land Asset Account : Land
Asset Account : Property
Property Accumulated account : Property Accum. Dep.
Cost Account : Property Depreciation
Asset Account : Equipment
Equipment Accumulated account : Equipment Accum. Dep.
Cost Account : Equipment Depreciation
VII. Beginning Post Closing
Period End Closing Before Starting New Period. Exchange Rate: 4.000 For December 2020
 VIII. Transaction

01 Jan 2021 Company deposit beginning balance:

Cash Rp. 50.000.000
Bank Mandiri IDR Rp. 200.000.000
Record As General Journal for Equity Deposit
Doc. No. GJ-2101001
05 Jan 2021 The Company placed a purchase order to PT. Indah Jaya with the following details:
Item Qty Price
Working Chair 10 Rp 70.000

Doc. No. PO-2101001

05 Jan 2021 Paid Employee Loan for Rp. 5.000.000 from Cash IDR
Doc. No. CD-2101001
08 Jan 2021 The company receives both the goods as well as the bill on its purchase order on the 05th of January
2021. Goods put in the Front warehouse. The Purchase Invoice number received is Invoice-Jan/906.
10 Jan 2021 The Company submitted a Sales Order to CV Merdeka with price details:
Item Qty Price
Working Chair 30 Rp 120.000

Doc. No. SO-2101001

th
12 Jan 2021 The Company delivered goods to CV Merdeka on a sales order on 10 January 2021. Goods send
from the Front warehouse. Delivery is made using a car box.
Doc. No. DO-2101001
15 Jan 2021 The Company returned 1 set of Working Chairs purchased to PT. Indah Jaya with invoice number
Invoice-Jan/906. The chair was restored due to defects and could not be resold. The restored
Working Chair is removed from the Front warehouse.
Doc. No. PR-2101001
15 Jan 2021 The Company send billing invoice to CV Merdeka for the delivery of orders on the date 12th January
2021
Doc. No. S-2101001
16 Jan 2021 The Company makes purchases by Cash to the General Supplier with the following information:
Item Qty Price
Glass Table 11 Rp 180.000

 Category of Goods: Table

 Name of Goods: Glass Table
 Types of Goods: Inventory
 Unit: Pcs
 Def. Hrg. Sell Unit #1 : Rp 250,000
 Tax: 10% VAT
 Goods put in front warehouse

Purchase Invoice Number: 08791. On this purchase the company makes payment via Bank Mandiri
IDR
Doc. No. CASH001
17 Jan 2021 The Company paid off the debt to PT Mulia Abadi for the invoice number :INV-MA-9128. Payment is
made by Bank Mandiri IDR Check with check number GR0098 and due date of January 31, 2021. For
repayments made only partly, which is 1.000 MYR with Exchange Rate 4.150
Doc. No. CD-2101002
20 Jan 2021 Recording the cost of water and telephone electricity, using Bank Mandiri IDR. The value of the fee
paid is Rp 1,750,000
Doc. No. CD-2101003
20 Jan 2021 The Company purchases assets on credit to PT Indah Jaya with the following information:
 Name: Samsung Laptop
 Purchase Date: January 20, 2021
 Date of Use: January 20, 2021
 Depreciation Method: Straight Line Method
 Asset Account: Equipment
 Depreciation Accumulation Account: Equipment Accumulated
 Depreciation Expense Account: Equipment Depreciation
  Quantity: 2 units
 Asset Age: 4 Years
 Asset Category: Equipment
 Acquisition price : Rp 12,000,000 /unit
For the purchase of this asset, the company pays Rp 12,000,000 from Bank Mandiri IDR
Doc. No. CD-2101004
25 Jan 2021 Cash sales to general customers with the following details:
Item Qty Price
Working Chair 10 120.000
Glass Table 10 225.000

For this product is charged a transportation fee of Rp 100,000 as Other Income. Direct payment is
received by transfer to Bank Mandiri IDR.
Doc. No. CS-2101001
31 Jan 2021 Bank interest (relocated into Other Income account) in January 2021 received at Bank Mandiri IDR
company worth Rp 150,000,-

Accrued Employee Salary January Rp. 75.000.000

Prepaid Rent for 1 Year Period. Actual Rent for 1 Month has been realized.

Doc. No. GJ-2101002

31 Jan 2021 Received Loan Repayment from Previews loan in 5 Januari 2021. Received Rp. 5.000.000 to Cash IDR
Doc. No. CR-2101002
31 Jan 2021 Perido End Closing for January 2021
Exchange Rate: 1 MYR = 3.900 IDR