Development Limitation Development Assumptions

15 who majored in accounting. One of the subjects that must be studied by students of class X Accounting students in SMK is the accounting service company subject. One of the Basic Competencies for the accounting service company subject in SMK is the process of adjustment entries and correction of the accounting service company cycle. Somantri 2011: 102-110 state that adjustment entries is a journal made to adjust the balance of the accounts in every ledger book that has yet to reflect the actual balance until the end of the accounting period. Adjustment entries is one of the constituent parts of the accounting cycle in service companies. Adjustment entries were compiled based on data from the balance sheet. Transactions that require adjustment entries are as follows: 1 Accrued Income Accrued income is income that already can be realized in a period, but not yet recorded due has not been received payment. It is also called accounts receivable income. 2 Accrued Expense Accrued expense is a cost that already occurred but have not been recognized recorded because it has not been paid. 3 Deferred Income Deferred income is received income in a given period, but it is recognized as revenue in the period to come. There 16 are two ways of recording for deferred income that is recorded as income and are recorded as debits. 4 Prepaid Expense Prepaid expense is the amount of the expenditures have been recorded in a period, but its benefits for a period to come so that it is recognized as a cost of the coming period. There are two ways of recording the transaction expenses that are recorded at cost and recorded as assets. 5 Depreciation of Fixed Assets Depreciation is the process of allocating the cost of acquisition of the fixed assets is systematically during the usefull life aged of fixed assets. 6 Supplies Supplies is an asset which is used to assist in the operation of the company. Table 1. KI and KD of Accounting Services Company Subject in SMK Negeri 7 Yogyakarta KI KD KI 1: Menghayati dan mengamalkan ajaran agama yang dianutnya KI 2: Menghayati dan mengamalkan perilaku jujur, disiplin, tanggungjawab, peduli gotong royong, kerjasama, toleran, damai, santun, responsif dan pro-aktifdan menunjukan sikap sebagai bagian dari solusi atas berbagai permasalahan dalam 1.1 1.2 Mensyukuri karunia Tuhan Yang Maha Esa, atas pemberian amanah untuk mengelola administrasi keuangan entitas. Mengamalkan ajaran agama dalam memanfaatkan ilmu pengetahuan dan teknologi untuk menghasilkan informasi keuangan yang mudah dipahami, relevan, andal, dan dapat diperbandingkan.