SIKLUS AKUNTANSI PERUSAHAAN DAGANG | KARAKTERISTIK PERUSAHAAN DAGANG (KLS XII SMT GENAP) - FREE PPT

Summary

This video lesson focuses on the accounting cycle in a trading company, highlighting key concepts for Class 12 students. It explains how trading companies buy and resell goods without changing their form, aiming for profit. The lesson covers important aspects such as payment terms, invoicing, special accounts, and common transactions like purchases, sales, returns, and discounts. Additionally, it delves into delivery terms like Franco and rebates. The video also provides clear examples of payment terms, such as '2/10, Net 30.' This foundational understanding sets the stage for deeper exploration into journal entries, ledgers, and subsidiary books.

Takeaways

• 😀 A trading company in Indonesia buys goods for resale without changing their form, either as consumer goods or raw materials for production.
• 😀 The accounting cycle for a trading company involves tracking transactions, creating financial reports, and closing accounts with a journal and reversal journal.
• 😀 The main activities of a trading company are buying goods, selling them without altering their form, and seeking profit through these transactions.
• 😀 Transactions in a trading company can occur in cash or on credit, allowing businesses flexibility in payment arrangements.
• 😀 Large trading companies typically store merchandise before resale, managing inventory to streamline operations and sales.
• 😀 Trading companies rely on special accounts for purchases, returns, discounts, and other transaction-related records.
• 😀 The main goal of trading companies is to profit by selling purchased goods at higher prices than their purchase costs.
• 😀 Transactions in a trading company include purchases, purchase returns, price reductions, freight charges, sales returns, sales discounts, and inventory management.
• 😀 Proof of transactions in a trading company can include invoices, credit notes, and receipts, each serving as records of purchases, returns, and payments.
• 😀 Payment terms, like '2/10, Net 30', specify discounts and payment deadlines, where discounts are offered if payments are made within a certain period (e.g., within 10 days).
• 😀 Delivery terms in trading companies may include 'Free Onboard' (FOB) conditions, specifying when ownership and responsibility for goods transfer from the seller to the buyer.

Q & A

What is a trading company, and how is it different from a production company?

A trading company is a business that buys goods and resells them without changing the form of the goods. This differs from a production company, which manufactures or processes goods before selling them.

What are the primary activities of a trading company?

The main activities of a trading company include purchasing goods, storing them, and selling them either in cash or on credit, without altering the goods’ form.

How do trading companies handle purchases and sales transactions?

Trading companies make purchases, which may involve returns or discounts. Sales transactions can include returns, discounts, or freight charges, and the transactions are recorded with special accounts for each type of activity.

What are the characteristics of a trading company?

The characteristics include buying and reselling goods without altering their form, the ability to purchase goods in cash or credit, storing goods before resale, aiming for profit, and maintaining special accounts for purchase, returns, and discounts.

What is an example of a payment term in a trading company, and what does it mean?

An example is the term '2/10, net 30'. It means if payment is made within 10 days, a 2% discount is given; if payment is not made within 10 days, the full amount is due within 30 days.

How does the invoice serve in a trading company transaction?

An invoice is a document that serves as proof of the transaction, especially when purchasing goods on credit. It specifies the terms of payment, including any discounts or deadlines for payment.

What are the differences between ‘buyer’s warehouse’ and ‘seller’s warehouse’ delivery terms?

In 'buyer’s warehouse' delivery, the goods become the buyer’s responsibility once they arrive at the buyer’s warehouse. In 'seller’s warehouse,' the buyer assumes responsibility once the goods leave the seller’s warehouse.

What is the purpose of rebates in trading companies?

Rebates are discounts given on large purchases, often as part of a promotional effort, and serve as a return of part of the payment, reducing the effective price paid by the buyer.

Why do trading companies store purchased goods before reselling them?

Trading companies store purchased goods to ensure they have stock available for sale when needed, especially for larger quantities that require space before being resold to consumers.

What are the different types of transactions in a trading company?

Transactions in a trading company include the purchase of goods, purchase returns, price reductions, purchase freight charges, sales transactions, sales returns, sales discounts, and sales freight charges.