Based on the results of vouching checks on sales journals found the following matters Orders from PT Krakatau for sales on 12 22 2018 in the amount of Rp 11,000,000 goods have been delivered to customers' travel documents twice Orders from PT Usaha Lancar for sales on 12 22 2018 in the amount of Rp 22,000,000 goods have been handed over to the customer of the travel document A wrong note should have been Rp 220,000,000 Confirmation was sent on January 14 February 1 2019 for balances above Rp 10,000,000 with the following results PT Krakatau did not answer confirmation 1 and confirmation 2 was also not replied PT Merdeka replied that on January 21, 2019 amounted to Rp93,960,000 difference because the demand deposits received by the company as payment of receivables due on January 3, 2019 had been considered settled by PT Merdeka amounting to Rp10,000,000 PT Nuansa did not answer confirmation 1 and confirmation 2 also did not reply PT Pelita did not answer confirmation 1 and said it agreed on 15 February 2019 PT Lestari did not answer confirmation 1 and confirmation 2 was also not replied PT Rimba answered that it did not agree on January 21, 2019 amounting to Rp16,500,000 due to invoicing on December 1, 2018 Rp 11,000,000 received by the finance department on December 28, 2018 with the demand deposit of Bank Mamon due on January 3, 2019 was recorded as repayment of the debt PT Wahana answered on January 19, 2019 in the amount of Rp 150,000,000 with an answer that disagreed because of the settlement of accounts receivable with the bank demand deposit Bank BINI due December 27, 2018 which had been paid in full after investigating the demand deposit had not been cleared by the cashier of Rp 1,500,000 PT Quenie did not answer confirmation 1 and confirmation 2 was also not replied PT Sejahtera answered that it disagreed on January 21, 2019 in the amount of Rp 885,871,500 due to a sale on December 28, 2018 in the amount of Rp 22,000,000 canceled to be sent to the customer warehouse because it was closed and the goods were sent again on January 3, 2019 PT Usaha Lancar did not answer confirmation 1 and confirmation 2 was also not replied PT Zebra Pratama answered on January 24, 2019 in the amount of Rp 70,000,000 with an answer that did not agree because of a note error on December 27, 2018, which should have paid off PT Lestari PT Zeira answered on January 18, 2019 in the amount of Rp 158,600,000 with the answer disagreeing because the payment of receivables with current accounts had not been cleared by the cashier in the amount of Rp 400,000 PT Orientasi did not answer confirmation 1 and confirmation 2 was also not returned, apparently it was known from the newspaper that the company had gone bankrupt and the owner fled to Switzerland PT Tempo answered that it did not agree on January 21, 2019 and had no more debt because it had paid in cash on December 20, 2018, after being investigated it turned out that the money had been taken away by the salesman Forbox Inc USA responded on January 24, 2019 in the amount of USD20,000 with agreed answers Royal Inc USA responded on January 24, 2019 in the amount of USD40,000 with agreed answers An alternative procedure is performed for confirmation of receivables that are not answered disagree by conducting an examination of cash receipts after the balance sheet date until February 28, 2019, as follows VAT Out Based on the reconciliation of the 2018 VAT annual notification letter with the ledger the difference occurs is VAT recording and reporting differences Any adjustments found by the auditor have not been recorded in the ledger, while the annual VAT notification is correct Sales Sales are recognized at the time of delivery of goods to customers and credit for a period of 1 month Note The dollar exchange rate determined by Bank Indonesia on December 31, 2018 is Rp 15,000 Question Keep an adjustment or correction journal and conclusions of the examination results and suggestions for management Keep a correction adjustment journal and conclusions of the examination results as well as suggestions for management from number 1 until 16 in the case Description WP Ref Per Client 31 12 2018 PARE Dr Per Audit 31 12 2018 Cr 11 990 973 240 Trade Receivables Third Parties Related Parties Other Receivables 85 000 000 12 075 973 240 WP Customer Name PARE Dr Per Audit 31 12 2018 Ref I Cr PT Krakatau PT Merdeka PT Orientasi PT Lestari PT Nuansa PT Pelita PT Quenie PT Sejahtera PT Usaha Lancar PT Wahana PT Rimba PT Tempo PT Zebra Pratama PT Zeira Forbox Inc eqv USD 20 000 Royal Inc eqv USD 40 000 Per Client 31 12 2018 33 000 000 103 960 000 11 000 000 59 000 000 116 125 000 10 357 027 600 132 000 000 107 871 500 390 989 140 151 500 000 27 500 000 15 000 000 55 000 000 159 000 000 90 000 000 182 000 000 11 990 973 240 Customer Name Amount of Receivables (Rp) PT Krakatau 22 000 000 PT Merdeka 103 960 000 PT Nuansa 116 125 000 PT Lestari 36 750 000 PT Rimba 27 500 000 PT Quenie 132 000 000 PT Sejahtera 85 871 500 PT Usaha Lancar 368 989 140 Description WP Ref Per Client 31 12 2018 PARE Dr Per Audit 31 12 2018 Cr 11 990 973 240 Trade Receivables Third Parties Related Parties Other Receivables 85 000 000 12 075 973 240 WP Customer Name PARE Dr Per Audit 31 12 2018 Ref I Cr PT Krakatau PT Merdeka PT Orientasi PT Lestari PT Nuansa PT Pelita PT Quenie PT Sejahtera PT Usaha Lancar PT Wahana PT Rimba PT Tempo PT Zebra Pratama PT Zeira Forbox Inc eqv USD 20 000 Royal Inc eqv USD 40 000 Per Client 31 12 2018 33 000 000 103 960 000 11 000 000 59 000 000 116 125 000 10 357 027 600 132 000 000 107 871 500 390 989 140 151 500 000 27 500 000 15 000 000 55 000 000 159 000 000 90 000 000 182 000 000 11 990 973 240 Customer Name Amount of Receivables (Rp) PT Krakatau 22 000 000 PT Merdeka 103 960 000 PT Nuansa 116 125 000 PT Lestari 36 750 000 PT Rimba 27 500 000 PT Quenie 132 000 000 PT Sejahtera 85 871 500 PT Usaha Lancar 368 989 140

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Based on the results of vouching checks on sales journals found the following matters. Orders from PT Krakatau for sales on 12/22/2018 in the amount

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Based on the results of vouching checks on sales journals found the following matters.

Orders from PT Krakatau for sales on 12/22/2018 in the amount of Rp. 11,000,000 goods have been delivered to customers' travel documents twice.
Orders from PT Usaha Lancar for sales on 12/22/2018 in the amount of Rp. 22,000,000 goods have been handed over to the customer of the travel document. A wrong note should have been Rp. 220,000,000

Confirmation was sent on January 14 & February 1 2019 for balances above Rp 10,000,000 with the following results.

PT Krakatau did not answer confirmation 1 and confirmation 2 was also not replied
PT Merdeka replied that on January 21, 2019 amounted to Rp93,960,000 difference because the demand deposits received by the company as payment of receivables due on January 3, 2019 had been considered settled by PT Merdeka amounting to Rp10,000,000
PT Nuansa did not answer confirmation 1 and confirmation 2 also did not reply
PT Pelita did not answer confirmation 1 and said it agreed on 15 February 2019
PT Lestari did not answer confirmation 1 and confirmation 2 was also not replied.
PT Rimba answered that it did not agree on January 21, 2019 amounting to Rp16,500,000 due to invoicing on December 1, 2018 Rp. 11,000,000 received by the finance department on December 28, 2018 with the demand deposit of Bank Mamon due on January 3, 2019 was recorded as repayment of the debt.
PT Wahana answered on January 19, 2019 in the amount of Rp 150,000,000 with an answer that disagreed because of the settlement of accounts receivable with the bank demand deposit Bank BINI due December 27, 2018 which had been paid in full after investigating the demand deposit had not been cleared by the cashier of Rp 1,500,000
PT Quenie did not answer confirmation 1 and confirmation 2 was also not replied
PT Sejahtera answered that it disagreed on January 21, 2019 in the amount of Rp.885,871,500 due to a sale on December 28, 2018 in the amount of Rp.22,000,000 canceled to be sent to the customer warehouse because it was closed and the goods were sent again on January 3, 2019.
PT Usaha Lancar did not answer confirmation 1 and confirmation 2 was also not replied.
PT Zebra Pratama answered on January 24, 2019 in the amount of Rp. 70,000,000 with an answer that did not agree because of a note error on December 27, 2018, which should have paid off PT Lestari.
PT Zeira answered on January 18, 2019 in the amount of Rp. 158,600,000 with the answer disagreeing because the payment of receivables with current accounts had not been cleared by the cashier in the amount of Rp. 400,000
PT Orientasi did not answer confirmation 1 and confirmation 2 was also not returned, apparently it was known from the newspaper that the company had gone bankrupt and the owner fled to Switzerland.
PT Tempo answered that it did not agree on January 21, 2019 and had no more debt because it had paid in cash on December 20, 2018, after being investigated it turned out that the money had been taken away by the salesman.
Forbox Inc. USA responded on January 24, 2019 in the amount of USD20,000 with agreed answers.
Royal Inc. USA responded on January 24, 2019 in the amount of USD40,000 with agreed answers.

An alternative procedure is performed for confirmation of receivables that are not answered / disagree by conducting an examination of cash receipts after the balance sheet date until February 28, 2019, as follows:

image text in transcribed

VAT Out

Based on the reconciliation of the 2018 VAT annual notification letter with the ledger the difference occurs is:

VAT recording and reporting differences
Any adjustments found by the auditor have not been recorded in the ledger, while the annual VAT notification is correct

Sales

Sales are recognized at the time of delivery of goods to customers and credit for a period of 1 month

Note

The dollar exchange rate determined by Bank Indonesia on December 31, 2018 is Rp. 15,000

Question

Keep an adjustment or correction journal and conclusions of the examination results and suggestions for management?

Keep a correction / adjustment journal and conclusions of the examination results as well as suggestions for management! from number 1 until 16 in the case

Description WP Ref Per Client 31/12/2018 PARE Dr Per Audit 31/12/2018 Cr 11.990.973.240 Trade Receivables -Third Parties -Related Parties -Other Receivables 85.000.000 12.075.973.240 WP Customer Name PARE Dr Per Audit 31/12/2018 Ref I Cr PT Krakatau PT Merdeka PT Orientasi PT Lestari PT Nuansa PT Pelita PT Quenie PT Sejahtera PT Usaha Lancar PT Wahana PT Rimba PT Tempo PT Zebra Pratama PT Zeira Forbox Inc eqv USD 20.000 Royal Inc eqv USD 40.000 Per Client 31/12/2018 33.000.000 103.960.000 11.000.000 59.000.000 116.125.000 10.357.027.600 132.000.000 107.871.500 390.989.140 151.500.000 27.500.000 15.000.000 55.000.000 159.000.000 90.000.000 182.000.000 11.990.973.240 Customer Name Amount of Receivables (Rp) PT Krakatau 22.000.000 PT Merdeka 103.960.000 PT Nuansa 116.125.000 PT Lestari 36.750.000 PT Rimba 27.500.000 PT Quenie 132.000.000 PT Sejahtera 85.871.500 PT Usaha Lancar 368.989.140 Description WP Ref Per Client 31/12/2018 PARE Dr Per Audit 31/12/2018 Cr 11.990.973.240 Trade Receivables -Third Parties -Related Parties -Other Receivables 85.000.000 12.075.973.240 WP Customer Name PARE Dr Per Audit 31/12/2018 Ref I Cr PT Krakatau PT Merdeka PT Orientasi PT Lestari PT Nuansa PT Pelita PT Quenie PT Sejahtera PT Usaha Lancar PT Wahana PT Rimba PT Tempo PT Zebra Pratama PT Zeira Forbox Inc eqv USD 20.000 Royal Inc eqv USD 40.000 Per Client 31/12/2018 33.000.000 103.960.000 11.000.000 59.000.000 116.125.000 10.357.027.600 132.000.000 107.871.500 390.989.140 151.500.000 27.500.000 15.000.000 55.000.000 159.000.000 90.000.000 182.000.000 11.990.973.240 Customer Name Amount of Receivables (Rp) PT Krakatau 22.000.000 PT Merdeka 103.960.000 PT Nuansa 116.125.000 PT Lestari 36.750.000 PT Rimba 27.500.000 PT Quenie 132.000.000 PT Sejahtera 85.871.500 PT Usaha Lancar 368.989.140