Accounting for Partnership

ACCOUNTING FOR
PARTNERSHIPS
ADINDA L.S

CASES
1.
2.
3.
4.
5.

Forming a partnership
Dividing income
Admitting a partner
Liquidating partnership
Statement of partnership equity

Forming a partnerships
Cash
Account Receivables
Merchandise Inventory
Equipment
Office equipment
Machine
Land
Building

xxx xxx xxx xxx xxx xxx xxx xxx AFDA
Account Payable
Notes Payable
A Capital

xxx xxx xxx xxx Dividing Income

Dividing Income
Income Summary
A Capital
B Capital
C Capital

xxx xxx xxx xxx Admitting a Partner
• Revaluation of Asset
Revaluasi dapat menambah/mengurangi jumlah modal dan aset yang direvaluasi.
Sehingga jurnalnya harus diperhatikan, apakah harus di debet atau di kredit!
Contoh: (apabila revaluation of asset menyebabkan kenaikan pada aset dan modal) Merchandise Inventory

xxx

Equipment
Machine
Building

xxx xxx xxx
A Capital
B Capital

xxx xxx Admitting a Partner (con’t)
• Purchasing an interest
New Partner Capital
Old Partner Capital

xxx xxx • Contributing asset/liability to partnership
Cash
xxx
Equipment
xxx
Account Payable xxx New Partner Capital xxx Admitting a Partner (con’t)
• BONUS

– For New Partner bonus diberikan ke partner baru karena keterampilan yang dimilikinya Cash xxx A Capital xxx B Capital xxx C Capital xxx – For Old Partner bonus diberikan kepada partner lama sebagai kompensasi keuntungan yang akan didapat oleh partner baru di kemudian hari
Cash
xxx
A Capital xxx B Capital xxx C Capital xxx Keterangan : A dan B adalah Partner Lama, C adalah Partner Baru

Statement of Partnerships Liquidation
PT ABC
Statement of Partneships Liquidation
For period December 1-31, 2010

Liquidating Partnership
• Sell of assets
- Gain
Cash
NCA
Gain on Realization
-Loss
Cash
Loss on Realization
NCA

xxx

xxx

xxx xxx xxx xxx Liquidating Partnership (con’t)
• Distribute any Gain/Loss
- Gain on