I was crying after seeing my score, gosh imagine 3/50 that's a shame. I can't simply understand our discussion, and as I was looking for tutorial videos luckily, I found this, all the contents are helpful, subsequent, and well explained
There's nothing to be ashamed of. We learn thing by constant trial and error. And most of the time, we learn more in our mistakes than the correct things that we've made. Feel you! Di ka nag-iisa. I think keep going lang. Tiwala lang. Ako nga pinatayo pa sa buong class. Haha. God bless!
Hulog ng langit! Salamat po T_T I was really struggling with adjusting entries because I just couldn't understand the explanations of instructors and the books.
GOOD EVENING PO SIR! I JUST WANNA SAY THANKYOUUU FOR MAKING THIS VIDEO AND FOR POSTING IT HERE IN TH-cam. HONESTLY, I HAVE BEEN HAVING A HARD TIME UNDERSTANDING THE ADJUSTING ENTRIES IN ACCOUNTING AND I HAVE TRIED LOOKING AND SEARCHING VIDEOS HERE IN TH-cam BUT I STILL CAN'T FIND ONE THAT COULD HELP ME UNDERSTAND IT NOT UNTIL I FOUND YOU VIDEO PO. I WAS REALLY GLAD THAT I SAW THIS VIDEOOOO I HAVE FINALLY UNDERSTOOD HOW ADJUSTING ENTRIES ARE MADEEEE. I AM LOOKING FORWARD TO MORE VIDEOS ABOUT ACCOUNTING POOOO. AGAIN THANK YOU PO AND KEEP MAKING THESE KINDS OF VIDEOS POOO. 💖💖
Thank you sir for your video..I'm really having hard time today because we will going to have an exam tomorrow but thank you Po sa lesson tlaga sirrr mas naliwagan Po ako ahahhhh
Wow, very well explained! Saludo po ako sa'yo Sir! Ipagpatuloy mo po lang 'yan! Marami kapang matutulungang estudyante especially yung nagtatake ng BSA, katulad ko po. UwuUuuUu! To more videos pa po! 🙌🏻✨
thankyouu po sir!!! dami kopo natutunan. Naexplain nyo po bawat details, bawat terms and process po. Looking forward for more accounting vids nyo po. ✊🏻♥️
Thankyou so much Sir!!! I learned alooooot, very clear explanation. Yung sa prof ko almost 1 hour discussion adjusting entries lang, tapos di ko pa masyadong maintindihan. Ito 39 mins may kasama ng subsequent entry. :O You deserve more views and subscribers.
sir thank you po naintindihan ko po ito kaysa sa ftf discussion. pero can I ask po if bat naging 12 months po yung nakalagay sa formula nung sa 2nd example ng accrual (type 3 - Accrued expense) and not 6 months po? since the problem that was given po ay "interest mature after 6 months"? sana po mapansin nyo po :)
Hello, usually if mag proprovide ng interest rate sa given is annual yan. Wala ren sinabing semi-annual. That's we should use 12 months. Note issued and maturity date meaning kung kailan mo lang naman yan kailangan bayaran. Ang pake-alam lang naman ni entity is to get the interest rate :)
paano pag el nido apartelle is in the business of renting apartment. the company income statement on a monthly basis. as of august 21 2021, a tenant has not paid the august rent amount to 8000
Hi Sir. First of all, i would. Like to Thank u coz Ur so good in explaining. Im already sa part ng adjusting entries nung prepaid rent under expense Method. So if entry po natin sya ng dec 31 ng prepaid rent 12000 Debut at rent expense 12000 Credit. And that is for jan and Feb rent. Meron din po ba tau adjusting entries on the following year?
pano po pag ganito balance in the notes receivable is for a single P60 000 note from a customer dated December 16,2016. The note, due February 14, 2017, carries an interest rate of 20%. Dr. Interest Expense Cr. Interest Revenue po ba ?
Can you upload a video of cost accounting and contro and also partnership and corportion specially entries. I love your video sana napanood ko to ng maaga iniisaisa mo ineexplain at galing mo. Hope for fast action¡
Hi po puede mu vha explain sakin Ang problem naito? A company borrowed 100,000 on December 1 by signing a six-month note that specifies interest at an annual percentage rate of 12%. No interest or principal payment is due until the note matures on May 31. The company prepares financial statements at the end of each calendar month. The following questions pertain to the adjusting entry that should be entered in the company's records. 1. What date should be used to record the December adjusting entry? 2. How many accounts are involved in the adjusting entry? 3. What is the name of the account that will be debited? 4. What is the name of the account that will be credited? 5. What is the amount of the debit and the credit? 6.What would be the effect on the financial statements if the company fails to make the adjusting entry on December 31? Thanks po
Ano pong debit at credit dito? Three months’ rent in advance from a certain customer amounting to 58,800 which was credited in full to rent revenue when collected good for 1 year.
Good day sir! Ask kolng po sa accruals-expense method or accrued expense bakit po 1k yung naging interest diba po 6 months lang poyun bakit yung nacompute nyo po ata for 1year/12 months Dapate po diba, Debit - Interest expense 2k Credit - Interest payably 2k
Hi! I have question po I hope you don’t mind bakit po walang general journal ang accrued expenses & revenues is it because accruals are only recorded during the end of the period? huhuhuhu diko po alam sinasabi ko actually nacurious lang po kasi ako because the deferrals po may separate journal and adjusting entries po sila. Thank you po sana po mabasa niyo ito! 🫶🏻
Tanong po, ginagamit po ba at the same time ang balance sheet at income statement approach pag dating sa accruals at deferrals? Kung hindi po, paano at kailan namin malalaman kung ano ang gagamitin sa dalawa?
Hello Good day sir! may video ka po ba ng Analysis of Financial Statements?vertical and horizontal and Financial Ratios sana po meron hirap na hirap na po ako sa online class😭
Hello po sir pwde po magtanong pa tungkol sa adjusting hehe,I really appreciate po yung mga videos nyo 😊 ,pde po ba magchat through fb ? Newbie lang po kasi ako sa ABM hehe Thank you po in Advance!
Kpag sinabing prepaid rent, deferred expense yun so asset siya pero habang tumatagal nagiging expense rin lang... Ang promissory note nman is notes payable nga siya except kung ikaw ang tumanggap ng note, notes receivable yun.. ang adjusting sa promissory notes ay mga interests.
Hi Jhoy! 1/12 ang time na gagamitin kasi from Dec. 1 to Dec. 31, 1 month lng siya.. and ang interest rate normally per annum ang presentation nun kaya 12 ang denominator kasi may 12 months sa isang taon.. ung 6 months na maturity date ng loan hindi siya gagamitin as denominator laging 12 un.. ang ibig sabihin lng nung 6 months, 6/12 ang interest sa life ng loan.
ang mga businesses pwede silang gumamit ng asset method or expense dpende na sa preference nila so kadalasan sasabihin ng problem kung asset or expense method ang gagamitin.. pero kung hindi niya sinabi madedetermine mo ang gamit niya dpende sa entry nya nung binayaran niya yung expense na yun.. kung nagdebit sya ng asset, asset method ang gamit niya.. kung expense nmn expense method gamit nya.
@@Akawnting sir may ask lang ako regarding dito sa isang question about Accrued Expense Example: “On dec 1, the company borrowed P100,000 cash with 12% interest. Principal and Interest Mature after 6 months.” Bakit po ang computation nyo ay I= P100,000 x 12% x 1/12months Bakit po 12 months? Diba ang sabi nyo po at nung question Good for 6 months na Loan ang kinuha ng entity sa bank. Bakit hindi po 1/6months? Hope masagot nyo po ang aking tanong.
I was crying after seeing my score, gosh imagine 3/50 that's a shame. I can't simply understand our discussion, and as I was looking for tutorial videos luckily, I found this, all the contents are helpful, subsequent, and well explained
There's nothing to be ashamed of. We learn thing by constant trial and error. And most of the time, we learn more in our mistakes than the correct things that we've made. Feel you! Di ka nag-iisa. I think keep going lang. Tiwala lang. Ako nga pinatayo pa sa buong class. Haha. God bless!
same ate 14/40 ako🤣🤣🤣🤣🤣
@@doraunexplorer3466 6/30 hehe
NORMAL LANG YAN SA ACCOUNTANCY. MERON NGA NAKAKA 1/50.
HAHAHAHA
thank you.... huhuhu i was crying for how many hours bc I dont understand my professor who discussed this a while ago.... huhuhuhu thank you
Naols may natutunan
sana ol dinuscuss ng prof
@@preciouslacaste9267 (2)
Hulog ng langit! Salamat po T_T I was really struggling with adjusting entries because I just couldn't understand the explanations of instructors and the books.
Happy to help!
Sir thank you for your comprehensive explanation. Nagliwanag bigla yung concept sa utak ko.
GOOD EVENING PO SIR! I JUST WANNA SAY THANKYOUUU FOR MAKING THIS VIDEO AND FOR POSTING IT HERE IN TH-cam. HONESTLY, I HAVE BEEN HAVING A HARD TIME UNDERSTANDING THE ADJUSTING ENTRIES IN ACCOUNTING AND I HAVE TRIED LOOKING AND SEARCHING VIDEOS HERE IN TH-cam BUT I STILL CAN'T FIND ONE THAT COULD HELP ME UNDERSTAND IT NOT UNTIL I FOUND YOU VIDEO PO. I WAS REALLY GLAD THAT I SAW THIS VIDEOOOO I HAVE FINALLY UNDERSTOOD HOW ADJUSTING ENTRIES ARE MADEEEE. I AM LOOKING FORWARD TO MORE VIDEOS ABOUT ACCOUNTING POOOO. AGAIN THANK YOU PO AND KEEP MAKING THESE KINDS OF VIDEOS POOO. 💖💖
Thank you sir for your video..I'm really having hard time today because we will going to have an exam tomorrow but thank you Po sa lesson tlaga sirrr mas naliwagan Po ako ahahhhh
Very well said! Thank you sa informations and sa new knowledge na naearned ko from you sir
Debit, knowledge
Credit, data
HAHAHAHA
HHAAHHA
HAHAHAHAHA true
ang galing nyo pong mag explain, huhu hulog ng langit talaga
videos like this really help a lottt. let's go, future cpa!
babalikan ko 'to every year. nawa'y di matanggal sa course na 'to shett
Anggaling nyu po mag explain ❤️ Siguradong may matutunan po talaga ang manonood kagaya ko. More accounting lesson po💪
Wow, very well explained! Saludo po ako sa'yo Sir! Ipagpatuloy mo po lang 'yan! Marami kapang matutulungang estudyante especially yung nagtatake ng BSA, katulad ko po. UwuUuuUu! To more videos pa po! 🙌🏻✨
thankyouu po sir!!! dami kopo natutunan. Naexplain nyo po bawat details, bawat terms and process po. Looking forward for more accounting vids nyo po. ✊🏻♥️
grabe po super helpful po nito!! thank u so much po :)) God bless po alwayssss
Thankyou so much Sir!!! I learned alooooot, very clear explanation. Yung sa prof ko almost 1 hour discussion adjusting entries lang, tapos di ko pa masyadong maintindihan. Ito 39 mins may kasama ng subsequent entry. :O
You deserve more views and subscribers.
True
Dito po ako super mahina . Thank you very much Sir! God Bless po . Sobrang dami ko pong nagets na parts :)))))
Ang galing nag pagkaka discuss.
Thank you muchhh po, it such a big for me. May god bless you and your family 🙏💞
Thank you for this! Ang galing mo magexplain. May natutunan ako
Super nakaka tulong lalo na ngayon super kaka fresh Ng utak❤️
very helpful po lalo na ngayong online classes huhuhuhu nkkaiyak pla🤧
Very useful video. Thank you for this. Gid bless you.
Thank you so much po malinaw ko po naintindihan.
Thank you for the awesome explanation it's make me satisfied😁😁
The best ka sir Cong.
Thank you po ang galing nyo po mag explain
Ginigisa nila ako sa Accounting,
Humanda sila mag babalik ako😭
Salamt po dito naintindihan ko sir🥰
eto talaga di ko maintindihan!!!!!! thank you sir pappy!!!!!
big help thank you so much po 🥺
Finals na namin sa Tuesday kaso nahihirapan padin ako dito 😭 thank you po dito ❤️
thank you so much, sir!
Most welcome!
Galing mo po sir . Thankss
thanks for this sir . 😊
Maraming salamat po ❤️😭
GALING NYO PO!!
Well explained po! Parang medyo kahawig nyo po si Cong tv hshshshs
kamatyunon nako oi wakoy ma answer so na abot ko dinhi hahhah
6:23 why is it that only 2 months was counted and not 3?
so helpful para sa mga estudyanteng alang kwenta prof
Thank you
SALAMAT SIR CONG
Pero jokes aside. Genuine thanks po for letting me understand adjusting entries better!! 😁
sir thank you po naintindihan ko po ito kaysa sa ftf discussion. pero can I ask po if bat naging 12 months po yung nakalagay sa formula nung sa 2nd example ng accrual (type 3 - Accrued expense) and not 6 months po? since the problem that was given po ay "interest mature after 6 months"? sana po mapansin nyo po :)
Hello, usually if mag proprovide ng interest rate sa given is annual yan. Wala ren sinabing semi-annual. That's we should use 12 months. Note issued and maturity date meaning kung kailan mo lang naman yan kailangan bayaran. Ang pake-alam lang naman ni entity is to get the interest rate :)
Accountant na pala si Cong TV
paano pag el nido apartelle is in the business of renting apartment. the company income statement on a monthly basis. as of august 21 2021, a tenant has not paid the august rent amount to 8000
Hi Sir. First of all, i would. Like to Thank u coz Ur so good in explaining. Im already sa part ng adjusting entries nung prepaid rent under expense Method. So if entry po natin sya ng dec 31 ng prepaid rent 12000 Debut at rent expense 12000 Credit. And that is for jan and Feb rent. Meron din po ba tau adjusting entries on the following year?
i hope this help me. naiiyak na po talaga ako, wala talaga akong maintindihan sa mga modules ko
pano po pag ganito balance in the notes receivable is for a single P60 000 note from a customer dated December 16,2016. The note, due February 14, 2017, carries an interest rate of 20%.
Dr. Interest Expense
Cr. Interest Revenue
po ba ?
thankyou po
Thank you too
Can you upload a video of cost accounting and contro and also partnership and corportion specially entries. I love your video sana napanood ko to ng maaga iniisaisa mo ineexplain at galing mo.
Hope for fast action¡
Sir ask lang po ,same lang po ba ang utilities payable sa accrued utilities expense? ,,Thanks po
Hi po puede mu vha explain sakin Ang problem naito?
A company borrowed 100,000 on December 1 by signing a six-month note that specifies interest at an annual percentage rate of 12%. No interest or principal payment is due until the note matures on May 31. The company prepares financial statements at the end of each calendar month. The following questions pertain to the adjusting entry that should be entered in the company's records. 1. What date should be used to record the December adjusting entry? 2. How many accounts are involved in the adjusting entry? 3. What is the name of the account that will be debited? 4. What is the name of the account that will be credited? 5. What is the amount of the debit and the credit? 6.What would be the effect on the financial statements if the company fails to make the adjusting entry on December 31?
Thanks po
sir pano po naging aug 1 yung journal entry sa may bandang 25:08 ?
Bakit wala po sa journal entry yunb transaction 7. Naguluhan nako pagdating sa adjusting entries ng transaction.
Ano pong debit at credit dito?
Three months’ rent in advance from a certain customer amounting to 58,800 which
was credited in full to rent revenue when collected good for 1 year.
Ano pong adjusting entry ng "personal drawings of doo mi is Php15,000 but recorded as Php5,000"?
Good day sir! Ask kolng po sa accruals-expense method or accrued expense bakit po 1k yung naging interest diba po 6 months lang poyun bakit yung nacompute nyo po ata for 1year/12 months
Dapate po diba, Debit - Interest expense 2k Credit - Interest payably 2k
Every dec. 31 lang ba pwede mag adjust? hindi pwede last day of any month?
yung subsequent entries po ba is the reverse entry?
di ko magets yung trnsction 6 bkt di nababayaran yung dec.16 yo de.31 sir
may video po kayo paano ibawas ang drawing sa balance sheet?
Naku yung ako nga 46/50 dinuga ba ni ma. Regina ocampo ginawa na 16/50 naiforge ba
21:05 transaction 5 may tanong lng po ako pwede po ba e yung icrecredit ko is utilities payable?
Yes.. pwede depende na lng sa chart of accounts ng isang business entity.
Akala ko mahirap madali naman pala.
in reality. ang dali mag dabog
Bakit kase may punchline sa unahan huhuhuhu but thank for thisssssss
Hi! I have question po I hope you don’t mind bakit po walang general journal ang accrued expenses & revenues is it because accruals are only recorded during the end of the period? huhuhuhu diko po alam sinasabi ko actually nacurious lang po kasi ako because the deferrals po may separate journal and adjusting entries po sila. Thank you po sana po mabasa niyo ito! 🫶🏻
What I mean to say po is bakit po walang initial journal entry ang accrued income & accrued expenses pasensya napo kung magulo po pagkakatanong 😭
Meron na po ba kau sir balance account for dec 31?
True nagdrop ako sa adjusting ba?
Tanong po, ginagamit po ba at the same time ang balance sheet at income statement approach pag dating sa accruals at deferrals? Kung hindi po, paano at kailan namin malalaman kung ano ang gagamitin sa dalawa?
I mean sa adjusting entries.
Sir may I asked why 3x5=18000?
cash basis po ba yung unang example ?
Hello Good day sir! may video ka po ba ng Analysis of Financial Statements?vertical and horizontal and Financial Ratios sana po meron hirap na hirap na po ako sa online class😭
What if there no salvage value?
Dr additional knowledge
Cr Subscription
I hope you provide ppt po. thank you
hello sir can you share your softcopy i want to print it for my self review. many thx sir
Sir wala pong bad debts?
kelan kaya matututunan tong accounting 😢
Hello po sir pwde po magtanong pa tungkol sa adjusting hehe,I really appreciate po yung mga videos nyo 😊 ,pde po ba magchat through fb ? Newbie lang po kasi ako sa ABM hehe
Thank you po in Advance!
Pano po malalaman kung asset method or expense method, liability method or income method ang gagamitin?
Usually, mapapansin po sa chart of accounts or sa Unadjusted Trial Balance.
sir paano po mapapacheck yung assignment nooong last video po
Paano po ba pag sinabing prepaid rent at tyaka promissory note sa notes payabale po?
Kpag sinabing prepaid rent, deferred expense yun so asset siya pero habang tumatagal nagiging expense rin lang... Ang promissory note nman is notes payable nga siya except kung ikaw ang tumanggap ng note, notes receivable yun.. ang adjusting sa promissory notes ay mga interests.
Akawnting thank you po sa information
Same lang po ba ang Accrued Interest Receivable and Interest Receivable po? Kung hindi po, ano po pinagkaiba nila?
Yes.. same lang.
Thank you po :)
@@Akawnting, pero Sir how come po highlighred ang word na "accrued" sa accrued int. Receivable, if same lang po sila?
Sir dun po sa example na interest expense na 12%. Bkt po naging 1/12 po ung time .e 6months lng po ung date niya
Hi Jhoy! 1/12 ang time na gagamitin kasi from Dec. 1 to Dec. 31, 1 month lng siya.. and ang interest rate normally per annum ang presentation nun kaya 12 ang denominator kasi may 12 months sa isang taon.. ung 6 months na maturity date ng loan hindi siya gagamitin as denominator laging 12 un.. ang ibig sabihin lng nung 6 months, 6/12 ang interest sa life ng loan.
@@Akawnting salamat master
Ako na 1/30
Paano po malalaman if liability or revenue method ang gagamitin?
Hi julianne! Pag walang sinabi ang problem liability method ang gagamitin.. gagamitin lng si revenue method pag sinabi ng problem
i have question po iaanalyze po ba kung asset method siya or expense method ang gagamitin pag mag aadjusting entries?thankyou po
diko po makuha ung pinaka logic
ang mga businesses pwede silang gumamit ng asset method or expense dpende na sa preference nila so kadalasan sasabihin ng problem kung asset or expense method ang gagamitin.. pero kung hindi niya sinabi madedetermine mo ang gamit niya dpende sa entry nya nung binayaran niya yung expense na yun.. kung nagdebit sya ng asset, asset method ang gamit niya.. kung expense nmn expense method gamit nya.
@@Akawnting ahhhh sige po sir thankyou po sa pag reply Godbless po,❣️
Pano po pala pag nag credit?
@@Akawnting sir may ask lang ako regarding dito sa isang question about Accrued Expense Example:
“On dec 1, the company borrowed P100,000 cash with 12% interest. Principal and Interest Mature after 6 months.”
Bakit po ang computation nyo ay
I= P100,000 x 12% x 1/12months
Bakit po 12 months? Diba ang sabi nyo po at nung question Good for 6 months na Loan ang kinuha ng entity sa bank.
Bakit hindi po 1/6months?
Hope masagot nyo po ang aking tanong.
mas masipag pa mag turo ung d2 sa youtube kesa sa prof namin parang ayaw na mag turo need pa kulitin para mag discuss
struggle is real
Bakit po divided by 5?
Paano po malalaman if asset or expense method ang gagamitin?
Hi Miss Kizz! dapat sabihin ng problem.. pero kung silent ang problem asset method ang gagamitin.
@@Akawnting ano po silent? hehe
@@kaezelbadilla617 I think what he meant by 'silent' is hindi nagsabi kung sa debit or credit irerecord yung account
yung sa transaction 6 po pano po nacompute yung 9,000 po??
oo nga. ang comprehension ko dun, bakit mag aadjust e nagbabayad nga sya tuwing petsa 1 at 16 eh
incurred and paid naman na.
Pano po pag yung purchase date ng equipment is August 15, icconsider po ba yon na September na? Or august pa din po
Pano po malalalaman if anong method gagamitin mo?
refer to the initial entries 🤗
mismo tol
medyo nalilito lamang ako sa debit and credit.
Yung talagang mahina ako nito ehyy, 35/50 naging 35 lng yan kasi may plus pero 25 lng talaga ako, huhuhuhuhu
Akala ko ako lang yung di maka geta sa accounting, bagsak na bagsak yung midterms ko sa major.
Hindi ko alam kung bakit kami may ganitong subject sa course ko na IT. Wala akong maindindihan, ok lang magpaprogram araw araw kesa ganto.
Ako nga wla kasabot 🙂
TRANSACTION 6 mali cguro, paki check po
Dec. 31 po kasi siya ata hehe di siya nag end in first day of month
bakit wlang boses😭