1. ACCOUNTING SERVICES COMPANY

3. CHARACTERISTICS OF SERVICE COMPANY There are four characteristics that distinguish between services and goods, among others: 1.Intangible. The nature of the services does not have a physical form that can be seen and touched. 2.Inseparability. There is no separation between the production and sale of services. 3.Variability. Services properties can not be standardized because it depends on the tastes, time, place, and consumer characteristics. 4.Perishability. Services properties can not be stored for resale at a different time. This is why services company has no inventory services.

4. CLASSIFICATION AND RELATED TRANSACTIONS BETWEEN THE COMPANY Transaction Services Company Administration transactions (Receive / pay / record) Sales Transaction Services consi sts of support

5. grouping accounts Assets Liabilitie s Equity Riil Acco unt Revenu e Expense Nomi nal Acco unt

6. CYCLE OF ACCOUNTING SERVICES COMPANY Prepare and gather evidence of the transaction. Records the transaction in a diary / journal. Move the transaction from the journal to the ledger accounts (posting). Make a trial balance. Preparing the adjustment data. Creating a working paper (worksheet). Prepare financial statements (balance sheet, income statement, statement of changes in equity, cash flow statement and notes to the financial statements). Make the final verse and closing the ledger accounts. Make a trial balance after closing the books. Make reversing entries.