BASIC ACCOUNTING EQUATION TUTORIAL (Explained in Taglish by Sir RDS)

BASIC ACCOUNTING EQUATION (Explained in Taglish by Sir RDS)
𝗔𝗦𝗦𝗘𝗧𝗦 = 𝗟𝗜𝗔𝗕𝗜𝗟𝗜𝗧𝗜𝗘𝗦 + 𝗢𝗪𝗡𝗘𝗥’𝗦 𝗘𝗤𝗨𝗜𝗧𝗬
Tulad ng sinasabi ko sa aking mga estudyante, isa ito sa mga lesson na dapat hindi na nila makalimutan habambuhay. Kasi this will serve as one of their foundations to better understand accounting, if not as you go along, magiging isang malaking rambulan na lang ang accounting para sayo if hindi mo maiintindihan ang basics. Dito din sa topic na ito magsisimula ang forever mong relationship kasama ang calculator. Ayiiiiieeee 😉
DEFINITION
The accounting equation is considered to be the foundation of the double-entry accounting system. The accounting equation shows on a company's balance sheet whereby the total of all the company's assets equals the sum of the company's liabilities and owner’s equity.
ASSETS = LIABILITIES + EQUITY
As defined, ipinapakita ng accounting equation ang balance between the total assets of the business in relation sa mga utang at investment ng owner ng business. Sa accounting equation makikita how assets are being funded, it’s either sa pamamagitan ng loans or investment ng may-ari. It also shows yung claims ng creditors (pinagkakautangan) at claims ng may-ari sa total asset ng business. Based on the formula it must always be EQUAL.
• The accounting equation is considered to be the foundation of the double-entry accounting system.
• The accounting equation shows on a company's balance sheet where the total of all the company's assets equals the sum of the company's liabilities and shareholders' equity. (Tulad ng nakikita mo sa formula A=L+OE)
• Assets represent the valuable resources controlled by the company. (Ari-arian ng business-cash, building. Land, supplies, etc.)
• The liabilities represent their obligations. (Utang, accounts payable, notes payable, taxes payable, unearned income, etc.)
• Both liabilities and owner’s equity represent how the assets of a company are financed. (Yun nga tulad ng sinabi ko kanina, how assets acquired pwedeng inutang o investment ng may-ari)
• Financing through debt shows as a liability, and financing through investments appears in owner’s equity. (If ang isang asset ay napurchase ng business through loans, makikita ito sa liabilities, if ang asset ay nakuha ng business sa pamamagitan ng investment ng may-ari, makikita ito sa owner’s equity. Halimbawa, Cash, kung ang pera ay inutang ng business sa bangko, sa liabilities ito makikita, pero kung ang cash ay dineposit ng may-ari sa business, ito ay makikita sa equity)
Tara magsolve tayo ng sample problems.
1. Song Hye Kyo Laundry Services has assets of P600,000 and owner’s equity of P450,000.
Based sa situation ang missing element ay ang liabilities. Paano ngayon natin malalaman? Using the formula kailangan natin i-deduct ang equity sa assets (A-E) para madetermine and liabilities.
(A) P600,000 - E (P450,000) = L (P150,000) ayan para macheck, ang P600,000 na total assets ay equal sa total ng liabilities at owner’s equity (P450,000 + P150,000 = P600,000)
2. Kwon Song Woo Plumbing Contractor has liabilities of P350,000 and equity of P410,000.
Basically, ang hinahanap ay ang assets. Madali lang pag ganyan, just add liabilities and equity to get total assets. A= (L) P350,000 + (E) P410,000. Ang total assets ay P760,000.
3. Hyun Bin Dance has assets of P624,000 and liabilities of P237,000.
Ang missing element ay ang equity. Using the formula kailangan natin i-minus ang liabilities sa assets. (A-L=OE). A(P624,000) - L (P237,000) = P387,000 ang OE.
Para sa isang madaling usapan, Kapag ang assets ang missing add mo lang ang liabilities at owner’s equity (as seen sa formula) and kapag alinman sa liabilities o owner’s equity ang nawawala, i-minus mo lang alinman sa mga ito sa total assets. Okay? 🙂
To test kung naintindihan, pakicomment ang sagot. (Nasa comment section din ang answer key)
1. ASSETS= P760,000 LIABILITIES= P360,000
2. ASSETS= P860,000 OWNER’S EQUITY= P592,000
3. LIABILITIES= P108,000 OWNER’S EQUITY= P760,000
4. LIABILITIES= P800,00 OWNER’S EQUITY= (P100,000) yes negative po. 🙂
Sana ay may natutunan ka.
If mayroon kang tanong or gusting i-clarify, huwag mahiyang magcomment o mag-DM.
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• ABM Online PH
Hanggang sa muli!
Good bye accountants and managers!
Sir RDS
#ABMSeniorHigh #Accounting #BasicAccounting

[@krishamaeveloso9773]

I really got depressed past weeks, because of fabm1,then i saw your video kuya, i really learned a lot and now im not struggling because i always watch your vids, i dont know how am i going to thank you, but still thankyousomuch kuya its really helpful for us

[@abmonlineph6099]

Mahirap talaga minsan pero kakayanin! Padayon! 💛

[@kimbertleecurada7825]

Paano po liability 50,000.00 at 33 1/3% assets

[@lalang1420]

Tips:
1. Interpret each problem sentence by sentence
2. Be careful with 'to and by'
Thanks po💜

[@abmonlineph6099]

Yes very good!

[@neomaf.2810]

Hi po! May I ask why we should be aware of the words "to" and "by"?

[@JeanroseCatuburan-bj5bb]

​@@neomaf.2810check the video 28:13

[@yananxielax7384]

Advanced Study Here!!
Incoming Grade 11 at ABM ang pinili kong strand!!😊😀
Madali ko lang po naintindihan dahil malinaw po ang Explanations ninyo.
Thank you Sir!!

[@abmonlineph6099]

Maraming Salamat po! God bless!

[@u_shin.]

Because of this, na solve ko agad yung mga acts ko sa fabm1 😭😭😭 dinako nahihirapan, madali ko na ma gets from the help sa module tsaka sayo thankyouuu😭✋

[@abmonlineph6099]

Congratulations Paul! Kaya mo yan! 😊❤️❤️

[@egloriaray2861]

Napaka dami kong natutunan Sayo Sir Naway Maging Instrumento Kapa Para Sa Ibang studayante na Nahihirapan sa pag aaral ngayong pandemya

[@abmonlineph6099]

Salamat po! God bless!

[@ellacamillecabisada7311]

Sir, how am I going to thank you? huhu sobrang nakatulong po talaga mga videos mo, moreee tutorials pa po. God bless you even moreeee.

[@abmonlineph6099]

Maraming Salamat Ella! God bless po sa pag aaral! 💛💛💛

[@ellacamillecabisada7311]

@@abmonlineph6099 thank you dn po❤️

[@camporedondojhay-arp.5673]

So much learnings tysm sir you are really the best muah.

[@potatofryes]

super thankful ako na napadpad ako rito sa channel mo sir, if it weren’t because of you, i wouldn't have the courage to pursue abm strand. thanks sir

[@ashleylabis948]

Pasuko nako as subject na to pero nung nagsearch ako dito sa yt tungkol sa accounting problems, nakita ko to si sir ang galing niya magpaliwanag at talagang maiintindihan ko. Kasi ang clear niya magpaliwanag pero sir sana po magkaron kayo ng problem na ang equity at liabilities ay may % or 1/4 hahaha hirap po e

[@annetherese9505]

IT'S A BIG HELP FOR ME SIR, I'M A GRADE 12 STUDENT AND STRUGGLED THE BASIC ACCOUNTING EQUATION, BUT NOT NOW ANYMORE THANKYOU SO MUCH, GOD BLESS YOU SIR.

[@abmonlineph6099]

Thank you Anne!

[@danahgraziellepenaverde3395]

Sir, thank you so much for this po!! I am taking a BSA course and wala po talaga akong back ground kasi GAS po strand ko in high school. Thank you, di po ako nabored while watching!

[@jennifertongco7301]

Same😅

[@kimcamilledelossantos6988]

Ngayon lang ako natuto mag balance dahil sayo sirrrr! Thank you so much po 🖤

[@abmonlineph6099]

Salamat po!

[@happymaep.goc-ong1246]

I graduated SHS as a HUMSS student po and I'm taking my entrance exam one hour from now. BSA po gusto kong e take at buti nakita ko to, it's so basic po sir and thank you for making it more understanding. I hope I can pass my entrance exam hehe.

[@happymaep.goc-ong1246]

I also computed the given equations without calculator and thankfully hindi parin ako bobo HAHAHAHAHA.

[@louisagratela9860]

Thank you so much po. Dahil po sa vid nyu mas lalong na intindihan ko po kung ano nga ba ang equation sa FABM. God bless po dami kong natutunan ❤️

[@bealynfernandez]

Ang galing galing nyo po sir,it makes me feel that im correct in choosing abm,kudos to you sir ang linaw linaw po lahat from the formulas to explanations may bonus pang mga notes.I highly recommend this channel po.Thank you po sir kitakits sa susunod!!!!!❤️❤️❤️❤️🥺🥺🥺🥺

[@abmonlineph6099]

Salamat po! Padayon, God bless sa pag-aaral! 😊

[@angelicagalvez8867]

Thank You Po For Sharing Ur Knowledge..🤗🤗 Sobrang Linaw Ng Pagtuturo 😃🤗

[@abmonlineph6099]

Thank you din po!

[@NerioMontes]

huhuhu salamat po tlaga sir!!! last week i was struggle about this but now i have an idea tnxx

[@mailyna.mendez1706]

thank u i learned so much from u. this will served as my preparation

[@jjc2396]

Maraming maraming salamat sir ang galing niyo po mag turo gets ko agad
Dito kasi sa module Ang hirap di kompleto yung mga tinuro eh salamat dahil nakita ko tung tutorial niyo salamat sir

[@nate8575]

Thank you po, may alam Nako sa Accounting ahha, incoming BSMA student here.

[@awaseyosetsu]

Thank you po sobrang linaw nyo po mag discuss keep it up❤️

[@abmonlineph6099]

Thank you Echo! 💛💛

[@rodelynbruzo3768]

kahusay naman po talaga ng sir namin na ito.😍😍😍

[@abmonlineph6099]

Thank you beh ❤️

[@itzmegelo1483]

Sir ano pa nga ba sasabihin ko kundi salamat isa po kayong inspiration sir wag deserve nyopo ng successful life thankyou po ulit

[@lucilleannepadasas5092]

Sir, superrr thank you po sa tutorial and discussion mo😊 first year student ako ng BSMA at mahirap yung online class, PERO SUPER THANK YOU PO DAHIL NA DISCOVER KO YUNG CHANNEL NYO🥰GODBLESS PO😇

[@abmonlineph6099]

Salamat din po! God bless po sa iyong pag aaral. Kaya mo ya, padayon! 💛💛

[@animelover768]

Hays sayo lang pala ako matututo thankyou very much😚

[@audentiqMUSIClyrics]

Mas matututo yata ko dito sa vlog mo sir😂 MOREEE TUTORIALS PLSSSS

[@ArmanDiog]

Prms lahat Ng sinasabi mo napaka linaw niisang tanong ko sa Sarili ko Wala the best at napapa aliw ako thank you sir❤️

[@abmonlineph6099]

Thaaaankkkk youuuu po!!!!

[@romaplopinio8573]

ang dali lang neto pero pagdating sa financial transactions ang hirap na ahahahaha thank you po sa pag explain

[@sirjc9703]

oo nga tyaga lang

[@marielguerrero3715]

Sirrrrrr...super thank you po sayo ng malaki dahil madali kong nakacatch- up ung mga tinuturo mo po dito.. Sobrang nakatulong ng malaki sa course kong Financial Management since HUMSS po ang kinuha kong strand nung senior high🥰....
Gusto ko po sana Sir na matutunan ung pinaka-umpisa ng lecture na toh... Ung pagkakasunod-sunod po...may mga terms po kasi Sir na bago lang po sa pandinig ko... Yun lang po Sir😊😊😊
Super thank you po ulit Sir.. Godbless you po Sirrr🥰🥰

[@abmonlineph6099]

Thank you din po na-tats naman po ako sa message mo! God bless po sa iyong pag aaral!

[@thbtsv]

Maraming salamat po naintindihan ko po super big help for us!🙏❤❤

[@janecutie9679]

Thank you talaga sir Kasi kahit gas ako naintindihan ko parin more videos papo sarap mo maging guro sir nice po siya Kasi taglish heheh🥰

[@abmonlineph6099]

Thank you Jane cutie! 💛

[@robielyzatorio6362]

thank you po sir, incoming grade 11 po ako, marami po ko natutunan, god bless po☺️❤️

[@abmonlineph6099]

You’re welcome po. 😊♥️♥️ God bless po sa pag-aaral! ♥️😊😊😊

[@manilynpotoy_]

thank you very much sir for the infos, I learned a lot

[@thelmamcgillivray1939]

I am more interested in analyzing transaction entries. You are explaining well,so do not keep on repeating what you already said.

[@abmonlineph6099]

Noted. Thank you po!

[@udc9003]

Super thank you po sir! dahil sa inyo nagets ko ng mabuti lessons. Ang galing niyo pong magturo at nakakaentertain kaya mas naging inspired po ako matuto. THANK YOU PO TALAGA❤

[@abmonlineph6099]

Thank you din po!

[@zeoandgbblogs]

Thank you so much sir ❣️❣️❣️
God bless po
Maraming kayo natulungan na MGA mag-aaral lalo na AKO ❤️❤️❤️

[@abmonlineph6099]

God bless you! ❤️

[@bananamilk2292]

You really help me!!! I found fabm interesting bcs of you!!! Thank you

[@abmonlineph6099]

Thank you din po!

[@SandraMasellones-py8ox]

Thank you po natuto ako sa video mo kya no skip ako sa ads

[@lucid8138]

Bukas ko na panonoorin salamat po in advance ❤️

[@jostvyt6040]

Hayst thank you for guiding and tutorials actually Wala pa pO akung mindset sa mga ganyan bat ngayon I'm so happy hihi Maka answer nako ayiee 😊😁🙏

[@abmonlineph6099]

Thank you! God bless sa iyong pag-aaral!

[@bernabuhat4171]

Ang galing nyo po mag explain I'm newbie in bookkeeping and natutuwa ako how you explain thank you po

[@abmonlineph6099]

Thank you po!

[@samrapanda6136]

Thank you po sir napakalaking help po akin ito para sa pagaadvance study kopo.

[@abmonlineph6099]

Thank you din po. Padayon!

[@ceniaruales9564]

Very clear ang explanation ,maiintindihan tlaga,👏,
Ang galing nyo po mag turo sir, the best❤
Thank you so much

[@abmonlineph6099]

Salamat po!

[@shanetubasis9618]

When I starting watching this tutorial video I am really glad to know your discussion. I learned a lot. It helps my BSA journey.

[@abmonlineph6099]

Maraming Salamat! God bless!

[@solidfanph7450]

Thankyou anggaling mopo mag turo! Nakakatuwa pag nasosolved ko hehe 😩❤️🥰

[@princessrondina4423]

Very helpful kuya....kase yan yung hindi ko pa alam pano.....thank u💛

[@abmonlineph6099]

Kaya mo yan! 😊💪💪

[@billonesmaryanneo.7384]

Thank you so much sa apakalinaw na explanation, sir! Mas naintindihan ko pa discussion mo kesa sa mga prof ko! huhu. Such a big help for me! God Bless you, sir!

[@aprilroseomandac2816]

Activity actually nmin ngaun Malaki ang tulong sa formula thanks pi

[@mirasolnamoc989]

Yung teacher na palangiti , ako din naka ngiti simula Hanggang dulo Ng video hhahhaa Thank you Po . Grade 11 teacher Po ako Ngayon, and first time ko pang magturo nito since old curriculum graduate ako. Kala ko mahirap , Kaya Naman Pala , well explained Po thank you

[@abmonlineph6099]

Maraming Salamat po! All smiles! God bless sa pag aaral!

[@mirasolnamoc989]

@@abmonlineph6099 God bless you sir

[@jelicadacuma6837]

Thank you so much sir! I'm an BSHM student it really helps!! ❤️

[@abmonlineph6099]

Salamat po!

[@markdatig3293]

Maraming salamat po . 👏🏻👏🏻

[@grace9304]

Thank you for making this video kuya andami kung na tutunan sana po patuloy parin tung pag gawa mo ng video especially dun sa mga student na kagaya ko na kailangan pa ng guidance.❤️

[@nalyngomez8774]

Thank sir. Napakalinaw po ng pag deliver.Naka subscribe na po ako para sa channel mo na ako palaging manonood

[@Reyiene]

Salamat kuya dhil sasubrag stress ko, tapos Nakita ko ung videos mo may natutunan na ako ♥️

[@abmonlineph6099]

Kaya mo po yan 💪💪💪

[@muziccc.7924]

Yung feeling na inaantok ka tapos narinig mo si sir na pumiyok🥴 buhay dUgoo ko guyssssss

[@abmonlineph6099]

😅😅😅😅

[@crystalmaedajuya1978]

Hi po sir , good afternoon
Salamat po for this SIMPLE discussion mas nasabtan nako pag ayo about this equation ..

[@abmonlineph6099]

Salamat po!

[@noytv485]

Thank you sir for more learning 😊😇god bless

[@adriandelarama2871]

Thank you for this! I've been struggling sa subject na 'to, kahit teacher 'di ko maintindihan thank you talaga Dito!!!!!! Kuys!

[@huedxsz31]

Thank you sir! Dami ko pong natutunan at super dali lang maintindhan.

[@abmonlineph6099]

Salamat po! God bless!

[@DarlynJabonite-io8rr]

Salamat po dito laking tulong to para sa exam namin

[@abmonlineph6099]

Thank you! Sana nakapasa ka!

[@jeysiii5744]

sana ganito magturooo, mas may matutunan ka hahahaha, thank youu sir!!!

[@merryjeancapitle3121]

31 minutes pa lang tapos 1st video pa lang din dami ko na natutunan😭😍

[@abmonlineph6099]

Salamat Merryjean! 💛💛 God bless sa pag-aaral!

[@johson6091]

Napunta ako dto sir kase dko naintindihan lesson namin kanina tyyyyy 👼

[@weamacabudbud1418]

Hi po sir. Dahil dito marami akong natutunan about basic accounting equation. I really enjoyed answering lots of your examples.
And also sir can I request a new video tutorial on how to identify profit and loss?
Hehehe God bless po💗

[@abmonlineph6099]

Thank you Wea!

[@johaynamarangit2437]

@@abmonlineph6099 meron na po bang video?

[@shaneannrejano3934]

Thank you so much for this It will help me a lot, especially im turning gr 11 this year, my strand is Abm sana kayanin ko😭nag aadvance nako, kahit papaano meron akong idea or alam pag pasok😭😭😭

[@jeanrhovieannpadernal951]

Thankyouu po sir, super big help po itoo!!❤️

[@charinacuizon4859]

Thank you so much po 🥰mas na intindihan ko pa po kayu kaysa don sa teacher namin🤭

[@stephanieconstantino5294]

DONE. Thank you po, Sir Rain!

[@rachelleannebael1271]

Thankyou so muchhh sirrr! Bat nung kayo nag explain mas na gets ko huhu! Subscribed!!! 💛

[@abmonlineph6099]

Thank you Rachelle!

[@ashleylabis948]

totoo po hahaha

[@javijkv6727]

thank you sir napaka informative andami kong natutunan sobrang galing mong mag explain🥰❤️

[@abmonlineph6099]

Salamat Javi!

[@thbtsv]

Maraming salamat po Sir. naintindihan ko po super big help po talaga!🤗❤

[@abmonlineph6099]

You’re welcome po!

[@haroldhandumon4740]

Mas mabuti pa dito na iintindahan ko, sa prof. Na min Kahit isa mn lang wala aKong na iintindahan juskoo po

[@ko7397]

Thankyou much sir sa malinaw na pagapaintindi Godblessed you❤

[@abmonlineph6099]

Salamat po! 😊😊😊

[@annamaegulbepautan2588]

Thank you sir I need this right now.

[@abmonlineph6099]

Thanks Anna Mae!

[@ramirezcindy6408]

Sobrang laking tulong po ng video na to, Thankyou sooo much sir!

[@abmonlineph6099]

Thank you din po. God bless sa pag aaral

[@irynetan1154]

Salamat lods ang linaw ng paliwanag mo .

[@souleyetv8999]

Thank u so muchh kuya, really helped me a lot

[@jcumali5979]

Galing🥰🥰🥰,ganun lang pala un sir😅,depende lang pala sa nag tuturo,pwede namn pala padaliin ung teacher namin mas gusto ung complicated 😅

[@yes-ch9rz]

ilang araw nalang before pasukan and i choose abm as my strand, sana kayanin 🤞🏻🤞🏻 thankyouusomuch sir

[@abmonlineph6099]

Kaya mo yan!

[@muchichang]

wow thank you po super easy lang po pala!

[@kennethcarlcapinpin9674]

Sana ikaw nalang yung prof ko sa FAR sir. Salamat po talaga. Nagagamit ko yung mga videos niyo po for advance studying or if there is something na di ko naunawaan sa FAR.

[@abmonlineph6099]

Salamat po!

[@julenapatagatay2680]

Malaking tiulong po yan ginagaw anyu sir sa katulad ko na mg sisimula palang mg aral ng accountant hehe

[@dedjamaeardiano9822]

Thank you po sir dami kong natutunan❤

[@abmonlineph6099]

Good to hear that. God bless

[@joevencalle830]

Thank you
Sir subrang linaw po 😊

[@abmonlineph6099]

Thank you Joeven!

[@ericamonton1993]

this is a big help sir thankyouuu po sobra, fabm lang talaga pinoproblema ko HAHAHAH dami kong natutunan po salamat

[@abmonlineph6099]

Salamat po!

[@someguynamedsefes766]

hahaha, hindi ko talaga maintindihan lesson sa school nangingiyak na ako ganto lang pala kadali HAHAH thanks po helps alot

[@MrDM.]

Salamat idol my natotonan Ako Mula sayo .

[@JewelIvyPanao]

Done. Thank you, Sir Rain!!

[@gwynhwyfarr]

Thank youuu kuya mas ginanahan ako mag-aral

[@abmonlineph6099]

Thank you diiin! God bless!

[@florefieremedios6566]

Waaahh it really helped alot thank u so much exam namin bukas and ur video really help me

[@abmonlineph6099]

Maraming Salamat po! God bless sa pag aaral!

[@bokiyoung2776]

Thank youu po sobrang helpful po ng tutorial n'yo more tutorial videos po

[@abmonlineph6099]

Thank you din po!

[@gracezamora9467]

life saver ka kuya, ty

[@abmonlineph6099]

Thank you Grace!

[@julenapatagatay2680]

Im going to take accountancy nextyr mahina ako s math pero work ko aasistant ng accountant gsto nya ako mg aral ng accountant hope makayanan ko to hehe

[@giramelpapas3836]

Salamat sir,Naintindihan ko na

[@aceyu3218]

HAHAAAHHAA Sana ikaw nalang prof ko. Sir nakaka aliw ka mag turo tapos nakukuha ko agad. Unlike sa prof ko ngayon😭 nag sasample ng uri ng halaman like ? PLANTITA KA maam HAHAHAA thank you.

[@abmonlineph6099]

Salamat po!

[@shainepdbk7629]

True po yan, para hindi kami nakaka feel ng natatakot mag ask nang question

[@lucitam.cabilan7797]

cute ni sir, nakakamotivate mag-aral hahah, kidding aside suuuuuperrrr essential po sakin ng vid thank you po!

[@abmonlineph6099]

Nyahahahha salamat po! Study well. God bless!

[@kimobedencio4926]

Sir, thank you po lesson😊 God bless po

[@abmonlineph6099]

Salamat din po!

[@angelicaarpon7725]

Ang galing hahahah napaka useful po nito for beginners 😍💖

[@monicamendoza6533]

Galing po mature,thank you po

[@imagineinwondertan9773]

THANK YOU, SIRRRR!!! IT HELPS A LOT POOOO

[@abmonlineph6099]

Thank you din po!

[@sh_myiceboy3292]

Salamat po sa video na ito!