2:05 @@Ethiopiatax ጀማሪ--3 1. Liabilities • Liabilities are obligation of the company, they are amount of owed to creditors for pas transaction • They usually have word 'payable' in their account title • ASSET = LIABILITY + OWNER'S EQUITY • Like Capital, Liability are the source of company assets. • lt also include amounts received in advance for future service (the work has not performed) • Since the amount received (recorded as the asset cash) has not yet been earned, the company defers the reporting of revenue. • Examples of liability accounts Note payable Account payable Salary payabl ለደመወዝ የሚከፈል Wages payablለቀን ሠራተኛ የሚከፈል Accrued Expense payable➝እዳ ያልከፈሉ ቢኖር Income tax payable Lawsuits payable Unearned Revenue Bonds Payable • Classification of Liabilities /የእዳዎች ምደባ/ Current Liability የአሁን/ጊዜያዊ እዳ (በአንድ አመት ውስጥ የሚከፈል) Long Term Liabilities የረዥም ጊዜ እዳዎች (አንድ አመት እና ከዚያ በላይ ባለው ጊዜ የሚከፈል) [ ] Liabilities 1. xyz company purchased machinery by birr 10,000 on jan,12 which will be paid on Feb 10 2. XYZ company Purchase Land by birr 3,000,000 on Sep,10 and on sep,20 paid 2,000,000 and the remaining are paid on oct,9 3. Xyz received in advance rent birr 10,000 in advance 4. Xyz company in paid insurance premium in advance forthree monthes total 1500 birr How to record Journal Entry 1. Jan,12 Purchased machinery--➤10000 A/P-------------➤10000 Feb,10 A/P --------------------➤10000 Cash------------------➤10000 2. Sep,10 Purchased Land--➤3000,000 A/P---------------------➤3000,000 Sep,20A/P --------➤2000,000 Cash-------------➤2000,000 Oct,09 A/P --------➤1000,000 Cash-------------➤1000,000 3.Cash ------------➤10,000 unearned revenue--➤10,000 unearned revenue ----➤10,000 rent income---------➤10000 4.Prepaid insuranse -----➤1500 Cash-----------------------➤1500
Really it is a wonderful Job, keep going, my question is how can be recorded purchase machinery as expense ,i think it is fixed asset, a Litel bit confused.Thank you
በጣም ገራሚ ቻናልና ፕሮግራም ነው እኔ ኮሌጅ ተምሬ ያላገኘሁትን ነው በዚህ ቻናል ያገኘሁት በርቱ በዚሁ ቀጥሉ
አመሰግናለሁ 🙏🙏
በሚገባኝ ቋንቋ ስለምታስረዳኝ ደስ እያለኝ ነው የምማረው🙏
በጣም ጥሩ ነው
የኣካውንቲንግ ተማሪ ነኝ እንደዚ ኣይነት ቻናል ስፈልግ ነበር በርቱ ቀጥሉበት በጣም ደስ ይላል
You explain accounting more than university lecturers....thank you we are giving us more knowledge about accounting concepts
Thank you 🙏
በጣም ደስ የሚል ክላስ ነዉ እኔ ገና ጀማሪነኝ ግን ክላስ ሳልገባ ባንተ ጀምሪያለዉ በርታ ብሮ
አመሰግናለሁ
Excellent explanation with both Amharic&English languages. 10Q 10Q 10Q.......
Betame 10Q amesegnalehu teketataye yalefenen lemagenete mechu aregeh lekekelen haniii ------
Machiney expense ሳይሆን ለካፓኒው ቋሚ ሀብት ስለሆነ መመዝገብ ያለበት
purchase machinery ...10,000
Account payable...........................10,000
ዋዎ አካውንቲንግ ተመዝግቤያለሁ ግን በሰማውት ሀሳቦች ፈርቼ ነበረ አሁን ግን የመማር ጉጉት ጨመረብኝ አመሰግናለሁ የኔ ወንድም።
Wow my best teacher
በጣም እናመሰግናለን ከትምህርት ቤት ያላገኘውትን እውቀት ነው ያገኘውት በዚህ ቀጥልበት
Thanks
በጣም ደስ እሚል እግዘናው ያገኘሁት እጅግ አመሰግናለሁ
enamesegnalen tebareku
ደስ ይላል ቋሚ እቃዎችን ምሳሌ ማሽነሪዎች እና መሬት የመሠሉ ነገሮች አሴቶች ወይም ሀብት ናቸዉ እንጂ ወጪዎች ናቸዉ አመሠግናለሁ
ማሽነሪዎች Fixed Asset ነው Depreciation ይሰራለታል
Thanks a lot dear, and please tell us what the difference between expenditure, cost and expense..?
Thanks in advance...
ገና ዛሬ አየሁህ ስለምሰጠው ትምህርት ከልብ አመሰግናለሁ አካውቲንግ ትምርት ለመማር ፍላጓት አለኝ አሁን ግን ስደት ነው ያለሁት ኢንሻአላህ ቀጣይ አመት እማራለሁ
me too, Inshallah
እኔም አግዛቹዋለው❤
Men.endemelek.alakem.wendema.betam.enamesegenalem
Q4 prepaid insurance .....1500
Cash ........................1500
thenkeu verey mach!!!" ኢትዮጵያ እንደዚሕ ያለ ሠዉ ነዉ ያጣችዉ!!!!!
በጣም አመሰግናለሁ ።
you are agreat teacher👍
ይመችህ በጣም አሪፍ ቀጥልበት
Tnxs hani tube
Thanks Ticher heart love
Thanks alot!
YOU ARE AGOOD TEACHING METHOD SO GO ON!
Thank you
Berithu
እናመሰግናለን በጣም
betam new yetemechegn yemtsetew course for Question NO 4 = prepaid insurance ...........1500,DR cash......................1500CR yemeslegnal.
Awo le managnawm kidme kifya prepaid bilen memezgeb alebn insurance kehone Prepiad insurance, Rent kehone prepaid rent
Very excellent
Accounting miyasreda sew zare gena agegnew tnxs alot
በጣም ተመችቶኛል እንደው የምትችል ከሆነ እዚህ ላይ የምታስረዳንን Hand out ብትልክልኝ ደስ ይለኛል ምክንያቱም Hand our ቱን እያየሁ ለመረዳት እንድችል ብዬ ነው ካልሆነም እሄም ጥሩ ነው በቀላሉ ለመረዳት ችያለሁ አመሰግናለሁ
Sorry ለዚህ ትምህርት ብዬ የማዘጋጀው Handouts የለኝም
@@Ethiopiatax• እዳ ማለት obligation ማለት ነው ይህ ማለት ካምፖኒው ለአበዳሪው የመክፈል ግዴታ ያለበትና ይህ የሚሆነውም pas transaction የተከናወነው ትራንሳክሽኑ ለምሳሌ ዛሬ ላይ እኛ እዳ አለብን ስንል ትላንትና ወይም ከወር በፊት ወይም ከዚያ በፊት የተበደርኩት ብር አለብኝ እንደማለት ነው ስለዚህ Pass transaction ነው የሚሆነው
• ብዙ ጊዜ በአካውንቲንግ ቋንቋ Payable ብለን የምንጠራው liability ነው ማለት ነው ማንኛውም Payable የሚል ቃል እዳ ነው
• (asset=libility + owner's equity asset ) ሀብት ማለት እዳና የራሳቹ owner's equity የሆነ ወይም ደግሞ capitalላችሁ የራሳቹህ የሆነ መነሻ አንድ ቢዝነስ ሲጀምር ለምሳሌ ድርጅት ወይም ቢዝነስ ተቋሙ ስራውን ሲጀምር assetቱ የምንለው liabilityን እና Owner's equityን ጨምሮ ነው owner's equity ማለት የራሱ የሆነ ካፒታል ሊኖረው ይችላል ከሰዎች ተበድሮም የራሱን ጨምሮም ቢዝነስ ሊከፍት ይችላል፣ስለዚህ liability የምንለው አንዱ የ asset ክፍል (part )ነው ማለት ነው።ማለት(Liab+Owner's eq) ሁለቱ ሲደመር ነው አሴትን የሚሰጠን ማለት ነው።
• ይህ ማለት ሊያቢሊቲ ከምንላቸው አንድኛው ዛሬ ላይ የሆነ ብር ቅድሚያ ክፍያ ተቀብለን ስራውን ግን future ከሆነ የምንሰራው ለኛ ገቢ ነው ነገር ግን እዳ ነው የሚሆንብን
• ቅድሚያ የተቀበልነው ብር ለምሳሌ ቤት ኪራይ ሊሆን ይችላል መስከረም ላይ ሁነን የ3 ወር ቢከፍለን እስከ ህዳር ወር ያለው ቀጣዮቹ ወራቶች ለኛ እዳ ይሆናሉ ይህም unearned revenue or liability ይባላል።
2:05 @@Ethiopiatax
ጀማሪ--3
1. Liabilities
• Liabilities are obligation of the company, they are amount of owed to creditors for pas transaction
• They usually have word 'payable' in their account title
• ASSET = LIABILITY + OWNER'S EQUITY
• Like Capital, Liability are the source of company assets.
• lt also include amounts received in advance for future service (the work has not performed)
• Since the amount received (recorded as the asset cash) has not yet been earned, the company defers the reporting of revenue.
• Examples of liability accounts
Note payable
Account payable
Salary payabl ለደመወዝ የሚከፈል
Wages payablለቀን ሠራተኛ የሚከፈል
Accrued Expense payable➝እዳ ያልከፈሉ ቢኖር
Income tax payable
Lawsuits payable
Unearned Revenue
Bonds Payable
• Classification of Liabilities /የእዳዎች ምደባ/
Current Liability የአሁን/ጊዜያዊ እዳ (በአንድ አመት ውስጥ የሚከፈል)
Long Term Liabilities የረዥም ጊዜ እዳዎች (አንድ አመት እና ከዚያ በላይ ባለው ጊዜ የሚከፈል)
[ ] Liabilities
1. xyz company purchased machinery by birr 10,000 on jan,12 which will be paid on Feb 10
2. XYZ company Purchase Land by birr 3,000,000 on Sep,10 and on sep,20 paid 2,000,000 and the remaining are paid on oct,9
3. Xyz received in advance rent birr 10,000 in advance
4. Xyz company in paid insurance premium in advance forthree monthes total 1500 birr
How to record Journal Entry
1. Jan,12
Purchased machinery--➤10000
A/P-------------➤10000
Feb,10 A/P --------------------➤10000
Cash------------------➤10000
2. Sep,10
Purchased Land--➤3000,000
A/P---------------------➤3000,000
Sep,20A/P --------➤2000,000
Cash-------------➤2000,000
Oct,09 A/P --------➤1000,000
Cash-------------➤1000,000
3.Cash ------------➤10,000
unearned revenue--➤10,000
unearned revenue ----➤10,000
rent income---------➤10000
4.Prepaid insuranse -----➤1500
Cash-----------------------➤1500
@@Ethiopiatax handout lalechew lij sitat
እግዚአብሄር ይስጥልን
bertalegn.ahun gena accounting eyegebagn metal
Thanks. Bro
betam enameseginaln hani
ቅድስት አመሰግናለሁ ሌሎች እንዲደርሳቸው ሼር ሼር 🌎
Betam tamachtongal baziw qatlu
Great
Please keep going. Don’t discourage. Many thanks
thanks bro, please about banking system and their determinants, what semms like the function and structure of bank
Waw tileyalek
Machinery Expense የተባለው በስህተት ነው Machinery is fixed asset so ስትመዘግቡ Machinery ....xx(Dr) ነው መባል ያለበት it is not expense
😍😍🥰
በጣም ጥሩ ነው
continue very.
continue very nice
Good
explanation more easily
wow Tnx alot
Thank u🙏
Wow tnx so much
er Hany tube adadis neger likekilin betam tefah
10q you are followes simple ways to teach
thakyou
rent exp------------1500 c cash-------------1500
easy way to understand
3rd question so jornalun finalize snareg teketayoche endetetwkemu asben new weys tyakew lay yalewn bcha new??
❤❤❤❤
verg good
Really it is a wonderful Job, keep going, my question is how can be recorded purchase machinery as expense ,i think it is fixed asset, a Litel bit confused.Thank you
Machinery ....Dr
Cash(A/p)..................Cr
Yes it is fixed asset
@@Ethiopiatax Thank you very much for your immediate response,blessings!!!
tankyou bro
insurance exep.............1500
cash .....................1500
Hello Heni ,it is excellent work, but why you recorded purchased machinery and Land as expense, why not recorded as fixed asset.
በጣም ጎበዝ እየሩስ ትክክል ነሽ Machinery expense የተባለው ስህተት ነው Just Machinery ብቻ ነው መባል ያለበት because it is fixed asset .
Land ግን ትክክል ነው የተመዘገበው እንደ Asset ነው።
hy hani accounting for partnership fi accounting for corporation bitseralen bettm desilenal
Question no 4
What i write to the debit part?
I wrote Cash………..1500 at the credit side
Thanks 🙏 for all your kindness
Be akal atastemrm
I need this in hard copy please!!
on question no 3 i didn't get what rent income means?
thank you so much
የቤት ክራይ ወጪ ማለት ነወረ
@@Ethiopiatax
Okkk thanks 🙏
please macro economic video seraln
Where can i get the ppt Please help me?
amesgenalhu
selam wendme eski sele A/R bedenb tenten argeh sraln
If unearned revenue is liability, should we record unearned revenue in balance sheet ?
unearned revenue ማለት አንዱ የ liability part ነው።
👉ሌላ ስሙ deferred revenue
👉unearned revenue የሚፈጠርበት ምክንያት አንዱ company የሚጠቀመው accounting system #Accrual basis of accounting ሲሆን ነው።
ስለዚህ አንድ accrual basis of accounting system የሚጠቀም ከሆነ revenue recognize when payment received
👉በምሳሌ ላስረዳሽ አንቺ አከራይ ነሽ የቤት ክራይ ቀድመሽ ጥር/2012 ላይ ሆነሽ የ12 ወር አጠቃላይ 12,000 ብር ብትወስጂ ልክ ሰኔ 30/2012 የ2012 በጀት መዝጊያ ስለሆነ
የግድ adjustment መስራት አለብሽ ያ ማለት unearned revenue ይከሰታል ማለት ነው ምክንያቱም ቤቱን የተጠቀምሹ ከጥር-ሰኔ ብቻ ስለሆነ ቀሪ ያልተጠቀሙት 6ወር ስላላ ለቀሪው ገና እነሱ ስላልተጠቀሙ ለኛ ብሩን ስለሰጡን እዳ ይሆንብናል ማለት ነው ለዛ ነው liability የሚባለው
👉ስለዚህ አዳ ደግሞ balance sheet lay yesedral
Current liability
A/p...............................xx
Accrued expense.......xx
Unearned revenue ....6,000
Wow!!! betam amesegnalehu
On liability I don't clearly understand example 3 can you explain me ???
Please tell me exactly Which parts is not clear for u
Xyz received in advance rent.......
Betam new das alegn timirtu des ilel gin 10 ye camiral wayem mamar echalelu
10 ?
Kifel 10 malatenew
ኦ አካውንቲንግ ትምህርት ምትማሪው ከ 11 social ተማሪ ከሆንሽ ነው ፍላጎቱ ካለሽ ግን መማር ትችያለሽ
🥰🥰🤗🤗🤗😍
its not machinary exp , its purchas machin (asset ) nw enji expense adelem malet
ስንት አመት ሙሉ ስማር ያልገባኝ የት ሆኜ ተምሬ ነው ጎበዝ
Thank you ቲጂ
ስለ ኤክሳይዝ ተአክስ ትንሽ ማብራሪያ
What about question number 4
መልሱን በኮሜንት እንዲመለስ ስለፈለኩ ነው🙏🙏🙏
@@Ethiopiatax hani eskahun No 4 Alitemelesem
Eski mokerut
mullu 10,000 bayikfles ?
👍👏👏👏👏
አሣይመንት ሰራልኝ
የፌደራል የቫት ፎርም መቀየሩን አላያችሁም
አካውንቲንግን ሙሉውን ለማወቅ
dagmo ule eneketatelaln betm gobz nk berta la sew manor malet ehe nw
ወድምእናመሰግናለንትራንዛክሽብትሰራልን
Ferderal Vat form tekeyirowl
Awo