Kewajiban Lancar

Definition

• Probable Future Sacrifices of Economic

Benefits arising from present obligations
of a particular entity to transfer assets or
provide services to other entities in the
future as a result of past transactions or
events

Ref. PSAK 57

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Criteria:
• Completion of liabilities is expected to occur in
the company's normal operating cycle
• due time be completed within 12 months after
the reporting period
• do not have unconditional rights to delay
settlement for at least 12 months after the
reporting period.

Ref. PSAK 1
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 Types of Current Liability

Accounts payable.
Customer advances and
Notes payable. deposits.
Current maturities of long- Unearned revenues.
term debt.
Sales taxes payable.
Short-term obligations
Income taxes payable.
expected to be refinanced.
Employee-related liabilities.
Dividends payable.

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 Account Payable

• The amount that has not been paid for the goods or services
that have been delivered or completed from the supplier.
• Recognized on the date of delivery of goods / completion of
services.
• Transaction doc purchase invoice
• Purchase agreements for example 2/10, n / 30.

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Ilustration:
• PT Excellent bought merchandise on credit on April 1, 2017 at Rp.
28,000,000. Terms applied was 2/10 n / 30.
1 April 2017
Purchase/Inventory 28.000.000
Account Payable 28.000.000
Paid on 10 April 2017
Account Payable 28.000.000
Cash 27.440.000
Discount/Inventory 560.000
Paid on 15 April 2017
Account Payable 28.000.000
Cash 28.000.000
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 Notes Payable

• Promise to pay a certain amount at a specified time.

• Issued to pay off debt or pay for purchases.
• Can be short or long term
• Classified as interest-bearing or zero-interest-bearing
• Zero-interest-bearing is issued with a discount

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Illustration – Interest-bearing-notes

PT Excellent paid off its payable of Rp. 28,000,000 on

May 1, 2017 by issuing a 90-day note, 10% interest .
1 May 2017
Account Payable 28.000.000
Notes Payable 28.000.000

1 Agustus 2017
Notes Payable 28.000.000
Interest Expense 700.000
Cash 28.700.000

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Illustration – Zero interest-bearing-notes
PT. Excellent paid off its account payable of Rp 28.000.000 on 1 May
2018 by issuing zero interest bearing notes of Rp 30.800.000. Due in
360 days.
1 May 2017
Account Payable 28.000.000
Notes Payable 28.000.000
31 December 2017
Interest Expense 1.867.000
Notes Payable 1.867.000
1 May 2018
Interest Expense 933.000
Notes Payable 933.000
Notes Payable 30.800.000
Cash 30.800.000
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 Bank-Short Term Debt

• Interest is applied
• Transaction costs will increase debt amount and provision will
reduce the value of debt.
• The interest rate is recalculated to obtain an effective interest
rate.
• Effective interest rates are used to calculate interest

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Illustration
PT. Kenanga pada 1 Oktober 2X13 menerima utang dari Bank Permata sebesar Rp
100.000.000 dipotong provisi 4%. Tingkat suku bunga sebesar 15%. Bunga dan pokok
dibayar saat jatuh tempo. Suku bunga efektif =19.79%

1 Oktober 2X13
Kas 96.000.000
Utang Bank 96.000.000
31 Desember 2X13 – bunga (3/12*19,79%*96.000.000)
Beban Bunga 4.750.000
Utang Bunga 4.750.000
Utang Bank dilunasi 1 Oktober 2X14
Beban Bunga 14.250.000
Utang Bunga 4.750.000
Utang Bank 96.000.000
Kas 115.000.000

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Buatlah jurnal yang diperlukan!
 The following are selected 2010 transactions of KC Corporation

• Sept. 1 - Purchased inventory from Orion Company on account for

$50,000. KC records purchases gross and uses a periodic inventory
system.
• Oct. 1 - Issued a $50,000, 12-month, 8% note to Orion in payment of
account.
• Oct. 1 - Borrowed $75,000 from the Shore Bank by signing a 12-
month, zero-interest-bearing $81,000 note.

Prepare required journal based on the above transaction!