Partnership

A partnership is an association of two or

more persons who own and manage a
business for profit.
 Karakteristik Partnership
• Moderately complex to form.
• No limitation on legal liability.
• Not taxable.
• Limited life.
• Limited ability to raise capital (funds).
• Co-ownership of partnership property.
• Mutual agency.
• Participation in income.
Pembentukan Partnership
 Joseph Stevens and Earl Foster, owners of competing hardware stores,
agree to combine their businesses in a partnership.
Stevens menyetorkan :
• Cash $ 7,200, Accounts receivable 16,300, Allowance for doubtful accounts
1,500, Merchandise inventory 28,700, Store equipment 5,400, Office equipment
$2,500, Accounts payable 2,600
Cash 7,200
Accounts Receivable 16,300
Merchandise Inventory 28,700
Store Equipment 5,400
Office Equipment 2,500
Allowance for Doubtful Accounts 1,500
Accounts Payable 2,600
Joseph Stevens, Capital 56,000

Dicatat at current market values.

Reese Howell contributed equipment, inventory, and $34,000 cash to a partnership.
The equipment had a book value of $23,000 and a market value of $29,000. The
inventory had a book value of $60,000, but only had a market value of $15,000, due
to obsolescence. The partnership also assumed a $12,000 note payable owed by
Howell that was used originally to purchase the equipment.

Setoran ini akan dicatat sebesar harga pasar wajar

Account Debit Kredit

Cash 34,000
Inventory 15,000
Equipment 29,000
Notes Payable 12,000
Reese Howell, Capital 66,000
 Dividing Income

Income or losses of the partnership are divided as specified in the

partnership agreement. If there is no specification or agreement, income
and losses are divided equally.

Laba partnership tahun ini $150,000. Menurut akte pendirian,

laba dibagi dengan cara sebagai berikut. Partner JS diberi
tunjangan gaji $5,000 per bulan dan Tn CM $4,000 per bulan.
Selanjutnya sisa laba dibagi sama rata.
 Dividing Income—Services of Partners and Investments
Laba partnership tahun ini $150,000. Menurut akte pendirian, laba dibagi
dengan cara sebagai berikut. Partner JS diberi tunjangan gaji $5,000 per bulan
dan Tn CM $4,000 per bulan. Selanjutnya sisa laba dibagi sama rata.
Net income ……………………………………………………………………… $
150,000
Division of Income :
Annual salary allownce JS $ CM Total $
$ 60,000 48,000
Remaining Income $ 21,000 $ 21,000 108,000$
Net Income $ 81,000 42,000
$ 69,000 $ 150,000

Tanggal Account Debit Kredit

Dec 31 Income Summary 150,000
JS, Capital 81,000
CM, Capital 69,000
 Dividing Income—Services of Partners and Investments
Laba partnership tahun ini $20,000. Menurut akte pendirian, laba dibagi
dengan cara sebagai berikut. Partner JS diberi tunjangan gaji $5,000 per
bulan dan Tn CM $4,000 per bulan. Selanjutnya sisa laba dibagi sama rata.

Net income ……………………………………………………………………… $

20,000
Division of Income :
Annual salary allownce JS $ CM Total $
$ 60,000 48,000
Remaining Income ($ 44,000) ($ 44,000) 108,000($
Net Income $ 16,000 $ 4,000 $ 88,000)
20,000

Tanggal Account Debit Kredit

Dec 31 Income Summary 20,000
JS, Capital 16,000
CM, Capital 4,000
 Dividing Loss
Rugi partnership tahun ini $50,000. Menurut akte pendirian, laba dibagi
dengan cara sebagai berikut. Partner JS diberi tunjangan gaji $5,000 per
bulan dan Tn CM $4,000 per bulan. Selanjutnya sisa laba dibagi sama rata.

Rugi ……………………………………………………………………… $
50,000
Division of Income :
Annual salary allownce JS $ CM Total $
$ 60,000 48,000
Remaining Income ($ 79,000) ($ 79,000) 108,000($
Net Income ($ 19,000) ($31,000) $ 158,000)
50,000

Tanggal Account Debit Kredit

Dec 31 JS, Capital 19,000
CM, Capital 31,000
Income Summary 50,000
 Dividing Income—Services of Partners and Investments
Laba tahun ini $150,000
• Pertama kali diberikan monthly Salary Allowance , untuk JS $5,000
Tata cara dan untuk CM $4,000.
pembagian • Interest of 12% on each partner’s capital balance as of January 1.
laba Saldo modal awal tahun JS $160,000 dan CM $ 120,000
• Sisa laba dibagi sama rata
Laba ………………………………………………………… $
150,000
Pembagian laba ke ….. JS CM Total
Annual salary allownce $ 60,000 $ 48,000 $
Pembagian Interest allowance 19,200* 14,400 108,000
33,600
laba
Remaining Income $ 4,200 $4,200 $
Net Income $ 83,400 $66,600 8,400**
$
* 12% x ** $150,000 - $108,000 -150,000
Jurnal $160,000
Dec 31 Income Summary $33,600 150,000
Penutup JS, Capital 83,400
CM, Capital 66,600
 Dividing Income—Services of Partners and Investments
Laba tahun ini $240,000
• Pertama kali diberikan Annual salary allowance to Prince of $42,000.
Tata cara • Interest of 9% on each partner’s capital balance as of January 1. Saldo
pembagian modal awal tahun Prince $20,000 dan Bernard $ 150,000
laba • Sisa laba dibagi sama rata

Laba ………………………………………………………… $
240,000
Pembagian laba ke ….. Prince Bernard Total
Annual salary allownce $ 42,000 $ 0 $ 42,000
Pembagian Interest allowance 1,800* 13,500 15,300
laba
Remaining Income $ $91,350 $
Net Income 91,350 $104,850 182,700**
$ 135,150 $
* 9% x $20,000 240,000
** $240,000 - $42,000 -
Jurnal Dec 31 Income Summary $15,300 240,000
Penutup Prince, Capital 135,150
Bernard, Capital 104,850
 Masuknya partner baru dengan membeli kepentingan seorang partner

assume that on June 1 Tom Andrews and Nathan Bell each sell onefifth of their
partnership equity of Bring It Consulting to Joe Canter for $10,000 in cash. On June
1, the partnership has net assets of $100,000 and both existing partners have capital
balances of $50,000 each.

This transaction is between Andrews, Bell, and Joe Canter. Perusahaan hanya
mencatat berkurangnya modal Tom Andrews and Nathan Bell dan bertambahnya
modal Joe Canter dengan jurnal :

Tanggal Account Debit Kredit

June 1 Tom Andrews, Capital 10,000
Nathan Bell, Capital 10,000
Joe Canter, Capital 20,000
 Masuknya partner baru dengan menyetor uang

To illustrate, assume that instead of purchasing a one-fifth ownership in Bring It

Consulting directly from Tom Andrews and Nathan Bell, Joe Canter contributes
$20,000 cash to Bring It Consulting for ownership equity of $20,000.

Cash bertambah $20,000

Modal Joe Canter bertambah
$20,000

Tanggal Account Debit Kredit

June 1 Cash 20,000
Joe Canter, Capital 20,000
 Revalusasi aset

Sebelum ada partner baru yang masuk, asset direvaluasi. Laba/rugi revaluasi
menambah/mengurangi modal partner lama

To illustrate, assume that in the preceding example the balance of the merchandise
inventory account is $14,000 and the current replacement value is $17,000. If
Andrews and Bell share net income equally, the revaluation is recorded as follows

current replacement value > daripada nilai buku berarti ada laba revaluasi

Tanggal Account Debit Kredit

June 1 Inventory 3,000
Tom Andrews, Capital 1,500
Nathan Bell, Capital 1,500
 Masuknya Partner baru dan ada Revalusasi aset

Blake Nelson invested $45,000 in the Lawrence & Kerry partnership for ownership
equity of $45,000. Prior to the investment, land was revalued to a market value of
$260,000 from a book value of $200,000. Lynne Lawrence and Tim Kerry share net
income in a 1:2 ratio

Revaluasi tanah, terdapat laba Masuknya partner baru dengan

revaluasi $60,000. Jumlah ini menyetor $45,000. Kas bertambah dan
menambah modal partner lama Modal partner baru bertambah

Land 60,000 Cash 45,000

Lawrence, Capital 20,000 Blake Nelson, Capital 45,000
Kerry, Capital 40,000
 Setoran Partner baru tidak sama dengan interest (modal)
yang diperoleh partner baru

Setoran partner baru > interest Setoran partner baru < interest yang
yang diperoleh diperoleh

Misalkan partner baru Misalkan partner baru

menyetor uang $31,000 untuk
memperoleh interest (modal)
$25,000
Selisihnya menambah modal
partner lama
menyetor uang $30,000 untuk
memperoleh interest (modal)
$37,500
Selisihnya mengurangi modal
partner lama atau perlakuan
lain

Bonus untuk partner lama

 Masuknya Partner baru menyetor lebih tinggi daripada
interest (modal) yang diperoleh

On March 1 the partnership of Marsha Jenkins and Helen Kramer is

considering a new partner, Alex Diaz. Saat itu Marsha Jenkins, Capital
$20,000 and Helen Kramer, Capital 24,000. Jenkins and Kramer agree to
admit Diaz to the partnership for $31,000. In return, Diaz will receive a one-
third equity in the partnership
Setoran Diaz akan

Menambah Membuat toal ekuitas menjadi $75,000

($20,000 + $24,000 +$ 31,000 )

Kas $31,000 Ekuitas $31,000

Dias menerima 1/3 Penambahan ekuitas
$75,000=$25,000 $31,000-$25,000 adalah
untuk partner lama
 Masuknya Partner baru menyetor lebih tinggi daripada
interest (modal) yang diperoleh

On March 1 the partnership of Marsha Jenkins and Helen Kramer is

considering a new partner, Alex Diaz. Saat itu Marsha Jenkins, Capital
$20,000 and Helen Kramer, Capital 24,000. Jenkins and Kramer agree to
admit Diaz to the partnership for $31,000. In return, Diaz will receive a one-
third equity in the partnership
Total ekuitas sebelum partner baru masuk 44,000
Perhi-
tungan Penambahan ekuitas karena masuknya partner baru 31,000
Bonus Total ekuitas setelah masuknya partner baru 75,000
Ekuitas yang diterima partner baru 1/3 dari $75,000 = 25,000
Setoran partner baru 31,000
Bonus partner lama dan dicatat menambah modal partner lama 6,000
March 1 Cash 31,000
Jurnal Alex Diaz, Capital 25,000
transaksi
Marsha Jenkins, Capital 3,000
Helen Kramer, Capital 3,000
 Masuknya Partner baru menyetor lebih tinggi daripada
interest (modal) yang diperoleh

The capital balance of Janice Cowen $ 80,000 and Steve Dodd, Capital
$40,000. The income-sharing ratio of Cowen and Dodd was 2:1. Cowen and Dodd
agree to admit Ellen Chou to the partnership on June 1 for an investment of $30,000.
In return, Chou will receive a one-fourth equity interest in the partnership and will
share in one-fourth of the profits and losses.
Total ekuitas sebelum partner baru masuk 120,000
Perhi-
tungan Penambahan ekuitas karena masuknya partner baru 30,000
Bonus Total ekuitas setelah masuknya partner baru 150,000
Ekuitas yang diterima partner baru 1/4 dari $150,000 = 37,500
Setoran partner baru 30,000
Bonus partner baru dicatat mengurangi modal partner lama 7,500
June 1 Cash 30,000
Jurnal Janice Cowen, Capital 5,000
transaksi
Steve Dodd, Capital 2,500
Ellen Chou, Capital 37,500
 Perhitungan Bonus untuk partner lama
Lowman has a capital balance of $45,000 after adjusting assets to fair market value.
Conrad contributes $26,000 to receive a 30% interest in a new partnership with
Lowman. Determine the amount and recipient of the partner bonus.

Total ekuitas Lowwman sebelum Conrad masuk 45,000

Perhi-
tungan Penambahan ekuitas karena setoran Conrad 26,000
Bonus Total ekuitas setelah masuknya Conrad 71,000
Ekuitas yang diterima Conrad 30 % x $ 71,000 = 21,300
Setoran Conrad 26,000
Bonus yang dibayar Conrad untuk Lowman 4,700
June 1 Cash 26,000
Jurnal Lowman, Capital 4,700
transaksi
Conrad, Capital 21,300
 Withdrawal of a Partner

Capital partner yang Capital partner yang

mengundurkan diri dibeli oleh mengundurkan diri dibeli oleh
partner lain partnership

Didebit akun Capital partner Lakukan revaluasi dan distribusikan

yang mengundurkan diri dan pengaruhnya sesuai cara pembagian laba,
dikredit akun capital partner setelah itu didebit akun Capital partner
yang membeli yang mengundurkan diri dan dikredit akun
aset (cash) atau liabilities
 Death of a Partner

The net income for the current period should then be determined and divided
among the partners’ capital accounts. The asset accounts should also be adjusted to
current values and the amount of any adjustment divided among the capital
accounts of the partners.

Setelah income dibagi dan aset direvaluasi, didebit akun capital partner yang
meninggal tersebut dan dikredit akun liabilities
 Liquidating Partnerships

• Step 1. Sell the partnership assets. This step is called realization.

• Step 2. Distribute any gains or losses from realization to the partners
based on their income-sharing ratio.
• Step 3. Pay the claims of creditors, using the cash from the step 1
realization.
• Step 4. Distribute the remaining cash to the partners based on the
balances in their capital accounts.
 Assume that Farley, Green, and Hall sell all noncash assets for $72,000. Thus, a gain of
$8,000 ($72,000 – $64,000) is realized. Income-sharing ratio of 5:3:2.

Farley, Green, and Hall

Statement of Partnership Liquidation ( For Period April 10-30-2014)
Capital
Balance Before Realization Cash Non Cash Liabili
asset ties Farley Green Hall
(50%) (30%) (20%)
Saldo sebelum realisasi 11,000 64,000 9,000 22,000 22,000 22,000
Penjualan asset & pemb Laba +72,000 -64,000 4,000 2,400 1,600
Saldo setelah realisasi 83,000 0 9,000 26,000 24,400 23,600
Pembayaran utang -9,000 -9,000
Saldo setelah pembayaran utang 74,000 0 0 26,000 24,400 23,600
Distribusi kas ke partner -74,000 -26,000 -24,400 -23,600
Saldo setelah ditribusi kas 0 0 0 0 0 0
 Jurnal likuidasi Partnership
Cash 72,000
Penjualan noncash Noncash Assets 64,000
asset Gain on Realization 8,000

Gain on Realization 8,000

Distribusi gain/loss
Jean Farley, Capital 4,000
Brad Green, Capital 2,400
Alice Hall, Capital 1,600
Pembayaran Liabilities 9,000
Hutang Cash 9,000

Jean Farley, Capital 26,000

Membagi uang kas
Brad Green, Capital 24,400
Alice Hall, Capital 23,600
Cash 74,000
 Loss on Realization
Assume that Farley, Green, and Hall sell all noncash assets for $44,000. Thus, a loss
of $20,000 ($64,000 – $44,000) is realized.
Farley, Green, and Hall
Statement of Partnership Liquidation ( For Period April 10-30-2014)
Capital
Balance Before Realization Cash Non Cash Liabili
asset ties Farley Green Hall
(50%) (30%) (20%)
Saldo sebelum realisasi 11,000 64,000 9,000 22,000 22,000 22,000
Penjualan asset & pemb Laba 44,000 -64,000 -10,000 -6,000 -4,000
Saldo setelah realisasi 55,000 0 9,000 12,000 16,000 18,000
Pembayaran utang -9,000 -9,000
Saldo setelah pembayaran utang 46,000 0 0 12,000 16,000 18,000
Distribusi kas ke partner -46,000 -12,000 -16,000 -18,000
Saldo setelah ditribusi kas 0 0 0 0 0 0
 Jurnal likuidasi Partnership-Loss
Cash 44,000
Penjualan noncash Loss on Realization 20,000
asset Noncash Assets 64,000

Jean Farley, Capital 10,000

Distribusi gain/loss
Brad Green, Capital 6,000
Alice Hall, Capital 4,000
Loss on Realization
Pembayaran 20,000
Liabilities 9,000
Hutang Cash 9,000

Jean Farley, Capital 12,000

Membagi uang kas
Brad Green, Capital 16,000
Alice Hall, Capital 18,800
Cash 46,000
 Loss on Realization—Capital Deficiency
To illustrate, assume that Farley, Green, and Hall sell all noncash assets for $10,000. Thus,
a loss of $54,000 ($64,000 – $10,000) is realized.
Farley, Green, and Hall
Statement of Partnership Liquidation ( For Period April 10-30-2014)
Capital
Non Cash Liabili
Balance Before Realization Cash Farley Green Hall
asset ties
(50%) (30%) (20%)
Saldo sebelum realisasi 11,000 64,000 9,000 22,000 22,000 22,000
Penjualan asset & pemb Laba 10,000 -64,000 -27,000 -16,200 -10,800
Saldo setelah realisasi 21,000 0 9,000 -5,000 5,800 11,200
Pembayaran utang -9,000 -9,000
Saldo setelah pembayaran utang 12,000 0 0 -5,000 5,800 11,200
Setoran Farley 5,000 + 5,000
Saldo setelah setoran Farley 17,000 0 0 0 5,800 11.200
Distribusi kas ke partner -17,000 0 -5,800 -11,200
Saldo setelah ditribusi kas 0 0 0 0 0 0
 Jurnal likuidasi Partnership-Loss
Cash 10,000
Penjualan noncash Loss on Realization 54,000
asset Noncash Assets 64,000
Jean Farley, Capital 27,000
Distribusi gain/loss
Brad Green, Capital 16,200
Alice Hall, Capital 10,800
Loss on Realization
54,000
Pembayaran Liabilities 9,000
Hutang Cash 9,000
Cash 5,000
Menerima uang
Jean Farley, Capital 5,000
kas dari Farly
Membayar uang Brad Green, Capital 5,800
kas ke Green dan Alice Hall, Capital 11,200
Hall Cash 17,000
Bagaimana jika partner yang defisit capitalnya ternya tidak
mampu membayar ?

Any uncollected deficiency becomes a loss to the

partnership and is divided among the remaining partners’
capital balances based on their income-sharing ratio.
 Loss on Realization—Capital Deficiency
• To illustrate, assume that Farley, Green, and Hall sell all noncash assets for $10,000.
Thus, a loss of $54,000 ($64,000 – $10,000) is realized.
Farley, Green, and Hall
Statement of Partnership Liquidation ( For Period April 10-30-2014)
Capital
Non Cash Liabili
Balance Before Realization Cash Farley Green Hall
asset ties
(50%) (30%) (20%)
Saldo sebelum realisasi 11,000 64,000 9,000 22,000 22,000 22,000
Penjualan asset & pemb Laba 10,000 -64,000 -27,000 -16,200 -10,800
Saldo setelah realisasi 21,000 0 9,000 -5,000 5,800 11,200
Pembayaran utang -9,000 -9,000
Saldo setelah pembayaran utang 12,000 0 0 -5,000 5,800 11,200
Pembebanan saldo defisit + 5,000 - 3,000 - 2,000
Saldo setelah pembebanan 12,000 0 0 0 2,800 9,200
Distribusi kas ke partner -12,000 0 -2,800 -9,200
Saldo setelah ditribusi kas 0 0 0 0 0 0
 Jurnal likuidasi Partnership-Loss
Cash 10,000
Penjualan noncash Loss on Realization 54,000
asset Noncash Assets 64,000
Jean Farley, Capital 27,000
Distribusi gain/loss
Brad Green, Capital 16,200
Alice Hall, Capital 10,800
Loss on Realization
54,000
Pembayaran Liabilities 9,000
Hutang Cash 9,000

Membebankan Brad Green, Capital 3,000

saldo modal Farly Alice Hall, Capital 2,000
Jean Farley, Capital 5,000
Membayar uang Brad Green, Capital 2,800
kas ke Green dan Alice Hall, Capital 9,200
Hall Cash 12,000
Statement of Partnership Equity
 Chapter 12 Warren edisi 12
Tugas mengerjakan soal berikut :
• EF-1
• EF-2
• EF-3
• EF-5