GROUP ASSIGNMENT

SHARIA ACCOUNTING COURSES

By:

Widiya Wulandari 170810301102

Rahelia Intan C. 170810301128
Wahidiyah Indah Lestari 170810301248

STUDY PROGRAM OF S1 ACCOUNTING

FACULTY OF ECONOMY AND BUSINESS
JEMBER UNIVERSITY
2020
Rp 33.333,33
QUIZ # 2 Compose a journal of the following transactions

1. Amir wants to own a motorcycle. He came to an Islamic bank and begged the
bank to buy it. After researching and murabaha financing stated can be
given.On January 2, 2018 Islamic banks bought the motorcyclee in cash at an
acquisition price of Rp. 14,000,000 from Suzuki Dealer.
2. On January 3, 2018 Islamic banks sold motorcycle to Amir at a price of Rp.
15,000,000 where the agreed margin is Rp. 1,000,000.
3. Amir is obliged to pay installment of Rp. 500,000 per month for 30 months on
the 3rd day starting in February. On February 3, Amir pays installments of
murabaha financing to a Sharia bank

Answer
1. Accounting entries (a journal) for this murabaha transaction on January 2,
2018

Date Account Debit Credit

02-01-2018 Murabaha inventory Rp. 14,000,000
Suzuki dealer account/Cash Rp. 14,000,000

2. Accounting entries (a journal) for this murabaha transaction on January 3,

2018
Date Account Debit Credit
03-01-2018 Murabaha receivable Rp. 15,000,000
Murabaha inventory Rp. 14,000,000
Deferred murabaha margin Rp. 1,000,000

3. Accounting entries (a journal) for this murabaha transaction on February 3,

2018
Date Account Debit Credit
03-02-2018 Amir’s current account/Cash Rp. 500,000
Murabaha receivable Rp. 500,000
Deferred murabaha margin Rp. 33,333.33
Murabaha margin Rp. 33,333.33