2. Course Identity
O Subject : Accounting
O Grade/Semester : XI/2
O Topic : Accounting Equation
O Meeting : 1
O Time Allocation : 15 minutes
O Standard Competence
O 5. Memahami penyusunan siklus akuntansi
perusahaan jasa
O Basic Competence
O 5.2 Menafsirkan persamaan akuntansi
3. TERMINOLOGIES
O ASSETS /ˈæs.ets/ aktiva/harta
O LIABILITIES /ˈlaɪ.əˈbɪl.ɪ.tiz/
pasiva/hutang
O OWNER’S EQUITY /ˈəʊ.nə rz ˈek.wɪ.ti / modal pemilik
O CASH /kæʃ/ uang kas
O SUPPLIES /səˈplaɪz/ perlengkapan
O EQUIPMENT /ɪˈkwɪp.mənt/ peralatan
O VEHICLES /ˈviˈ.ɪ.klz/ kendaraan
O BANK OVERDRAFT /bæŋk ˈəʊ.və.drɑˈft/ penarikan cek
berlebih
O CREDITORS /ˈkred.ɪ.tə:rz / kredit
O LOANS /ləʊnz/ pinjaman
O MORTGAGE /ˈmɔˈ.gɪdʒ/ hipotek/gadai
O BALANCE /ˈbæl.ə n t s/ seimbang
O ACCOUNTING EQUATION /əˈkaʊn.tɪŋ ɪˈkweɪ.ʒ ə n/
persamaan akuntansi
4. Sentences
O A successful company has a lot of assets.
O The ministry has some new vehicles.
O The company is bankrupt because of
loans.
O The accounting equation must always
balance.
5. Examples of Assets and
Liabilities
Assets Liabilities
Cash Bank overdraft
Supplies Creditors
Equipment Loans
Vehicles Mortgage
6. Assets
An asset is a resource controlled by the
entity (as a result of past events) from which
future economic benefits are expected. Or in
other word, assets are ‘what the business
owns’.
7. Liabilities
Liabilities are present obligations of the
entity (arising from past events), the
settlement of which is expected to result in
an outflow of economic benefits. Or in other
word, liabilities are ‘what the business
owes’.
8. Owner’s equity
Owner’s Equity is defined as the residual
interest in the assets of the entity after the
deduction of its liabilities.
10. Questions
O It is ‘what the business owns’. What is it?
Assets
O It is ‘what the business owes’. What is it?
Liabilities
O Mention two examples of assets!
Cash, supplies, equipment, vehicles
O Mention two examples of liabilities!
Bank overdraft, creditors, loans, mortgage
O State the accounting equation!
Assets = Liabilities + Equity
