Question
PT Bumi ordered 20 sets of tables and chairs to PT CBA. Price set per unit of Rp 5,000,000 with 10% VAT. If you use
PT Bumi ordered 20 sets of tables and chairs to PT CBA. Price set per unit of Rp 5,000,000 with 10% VAT. If you use the accrual method of revenue recognition then the following is true: a. PT Bumi records the following journals: (D) Accounts Receivable Rp. 110,000,000 (K) Sales Rp 100,000,000 (K) VAT Out Rp 10,000,000 b. PT CBA records the following journals: (D) Accounts Receivable Rp. 110,000,000 (K) Sales Rp 100,000,000 (K) VAT Out Rp 10,000,000 c. PT Bumi records the following journals: (D) Cash Rp. 110,000,000 (K) Sales Rp 100,000,000 (K) VAT Out Rp 10,000,000 d. PT CBA records the following journals: (D) Cash Rp. 110,000,000 (K) Sales Rp 100,000,000 (K) VAT In Rp 10,000,000
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