Kung ganito teacher ko sa accounting i-f'flat uno ko talaga. T-T Hindi pa po namin nagagawa 'to pero nag-aadvance na ako incase gulatin kami ng perpetual. Salamat po! More accounting vids to come pooooo~~
Walang anuman, Aimy! Hope this video lesson helped you. Marami pa mga accounting videos dito that might help you in advanced study. Mag aral nang mabuti! 🫶
Thank you po sir! Actually nahihiya po ako magtanong sa teacher ko pag may klase sya kasi last class niya po kami bago mag-uwian and maybe pagod na din po siya. Pinapanood ko naman po yung recorded videos ng meet namin but sometimes wala po akong maintindihan. Nagiging takbuhan ko po talaga ang channel nyo. TYSM po!
You're welcome, Solemn. We hope kahit paano wag ka mahiya mag ask sa teacher nyo, dahil part pa rin yan ng learning process 🙂 Very good, before watching our videos consider mo muna rewatching ung mga recorded meet nyo 🙂 Gawin mo lang additional materials itong free tutorials namin if hindi na talaga maiintidihan 🙂 mag aral nang mabuti ❤️
Thank you Marshey. Malaking tulong samin ang hindi pagskip ng ads. Tsaka dagdag kasipagan na din sa amin yan para mas marami pa magawa na videos in the future. We're looking forward din kami para dun future CPA 💛 na kayo naman ang magtuturo para sa mga susunod na aspiring CPA. Mag aral palagi nang mabuti.
Very helpful po sir saming mag-ququalifying exam. More Intermediate accounting videos po sana kasi sa august na po yung quali tapos puro self-study lang din po kami sa IA123. GOD BLESS Sir. We truly appreciate it po💕
Hello Elly! We're glad it helped. Goodluck sa qualifying exam 👍 Ano coverage ng qualifying exam ninyo? Please consider watching intermediate accounting playlist dito for more IA topics. May mga videos na kami na hindi pa na-a-upload dito sa yt channel. More IA topics pa to be uploaded soon! 👍
sir sana po masagot niyo po tanong ko! may ncIII po kasi ako this coming Friday. Ask ko lang po if need ng income summary sa perpetual? and kailan po siya kailangan if need ng income summary?
Goodluck on your upcoming NCIII, justine 🫶 Yes, need ng income summary sa perpetual system. Service or Merchandising or Manufacturing business, need ang income summary account. Provided the form of business is proprietorship or partnership. 🙂 Pag corporation ang form of business, we use "retained earnings" instead of income summary. Hope it helps. ❤️
Hello sir. Bago lang po ako sa channel ninyo. Sir ano Financial analysis example po may production po na gagawin?😅 gawan po ninyo ng video sir, hoping po God bless
Hello Jieger. Ang Purchases ay add, and purchase returns naman ay subtract to determine Total goods available for sale or TGAS. Then TGAS minus end inventory equals COGS. Hope it helps.
Ganto po samin e Beg. Inventory Add: Purchases Freight In Total Goods Available for Sale Minus: Purchase Return & Allowances Purchase Discount Net Purchases Minus: Ending Inventory =Cost of Goods Sold
Ganto po samin e Beg. Inventory Add: Purchases Freight In Total Goods Available for Sale Minus: Purchase Return & Allowances Purchase Discount Net Purchases Minus: Ending Inventory =Cost of Goods Sold
Hi may ask po ulit ako.. sa bookkeeping nc-III.. may na-encounter akong transaction na sa PERPETUAL: -Made refund to cash customers for defective merchandise ₱xxx.xx Sa JOURNAL entry nya ganito👇: Dr. Sales R&A Cr. Cash Q:Bakit po kaya 1 entry lang ginawa dun sa solution pero po sa example nyo po dahil nagbalik, may effect din sya sa invty.. like sa (13:32) transaction#5.. Thank you.
Hi Rin Ce! Sa transaction no. 5. Dalawa ang napakitang entries under perpetual. 1 for reduction of A/R due to sales return 1 for increase in inventory due to sales return.
Dahil sa term na "CASH customer" parang cash lang ung binalik ni seller kay buyer na refund at hindi na binalik ni buyer ung defetive goods/merchandise?? Kaya 1 entry lang po dun sa example ko ..compare sa example nyo dahil may Nareceived syang item na binalik? Ganun po b un?
Filipino Accounting Tutorial gets ko po ung part na un dahil sa discussion nyo po .. kaso na confuse lng ako dun sa example transaction sa bookkeeping na naencounter ko dahil 1entry lng gnwa nya..
bakit po pala A/R yung sa 4. sir sa periodic... wala naman po nakastate na inutang po yung binenta hindi po ba yun cash sir? or inassume po na utang since silent problem po?
Normally, ang Income Summary ay isang temporary account na kabilang sa income statement. It is used to deduct revenues and expenses, and then later transferred to the capital.
Hello po sa number 4 Wala Naman po siyang nkalagay na on accounts / n terms,, so bakit po accounts receivable Yung debit? My napanood po Kasi video pg Wala daw po na on accounts or n terms that is cash na po..
hello sir. sa number 4 transaction po cash po itu or credit? wala kasing nakalagay na on credit so meaning ang entry is Dr. cash, cr. sales? correct me if i am wrong po. thank u
My humble opinion: Dahil nasa educational purposes pa tayo sa accounting. Either debit to cash or a/r is acceptable for no. 4 transaction since wala sya nakalagay whether cash or credit 🙂 Pero kung actual practice ito, dapat alam natin yung terms of sale para mairecord natin ang tamang debit. You are not wrong, Jechelle. Pwede rin debit sa cash yan 🙂
Hello Biswaranjan. Actually yung transaction 4 ay silent masyado. Hindi sinabi kung account at hindi rin sinabi kung cash. For lecture purposes, ginamit ko nalang as debit A/R. A/R kasi binase ko na lang sya sa experience ko bilang accountant wherein karamihan sa mga naexperience ko nagsstart ang recording ng sales as debit sa A/R (hindi ko na nga lang nabanggit yan sa video) You can use Cash or A/R as debit. Hope this will help.
Can i ask po kung paano ang entry kapag ang transaction is nag indicate ng sold merchandise for (ex: 1k) and aslo may nakalagay na list price for (ex: 10k) with terms of (ex: 6% and 8%) 2/10, n/30 Di ko po kase magets pano yan sana po matulungan nyo ko
Ang purchases/sales ay nirerecord at invoice amount. Invoice amount = List price minus trade discounts. Sa example mo. Kung ang list price is 10K. Therefore, invoice price is 10k * 94% * 92%. Hope it helps.
@@FilipinoAccountingTutorial thank you po, pero paano po yung amount sa entries, madi disregard po ba yung worth amount na 1k, then ang ilalagay na amount is yung invoice po?
hello po sir, ask ko lang po if ano pong difference ng sales return and sales allowances? nasanay po kasi kong magkasama 'yung 2 since iyon po naturo sa amin nung shs ko po ehehe slmt po
Hello Christopher, ang "sales allowance" ay parang "sales return", kaya lang sa sales allowance, walang "return of inventory" na nagaganap. Ang nagaganap lang pag sales allowance ay reduction ng A/R, yung amount deducted is the sales allowance. Hope it helps. 🧡
kapag cogs transactions po, yung original amount na binili kay seller (yung 1k) ang i-multiply at hindi yung nakapatong na na amount kapag sales (which is yung 2k)
Hello Shian. Please consider watching ung video namin na adjusting entry for inventories. Ang video na yun ang sasagot sa iyo bakit income summary ang credit. Hope it helps ❤️
Hello Dianne. Basically pag periodic inventory, nag uupdate lang ang balance ng inventory account after makapagconduct ng physical count. Kapag perpetual, every inventory transaction nag uupdate ang inventory account. Hope it helps 🙂
Kung ganito teacher ko sa accounting i-f'flat uno ko talaga. T-T Hindi pa po namin nagagawa 'to pero nag-aadvance na ako incase gulatin kami ng perpetual. Salamat po! More accounting vids to come pooooo~~
Walang anuman, Aimy! Hope this video lesson helped you. Marami pa mga accounting videos dito that might help you in advanced study. Mag aral nang mabuti! 🫶
Thank you po! Helpful departmental exam namin mamaya. Easy to understand sir
You're welcome, Margie ❤️ Goodluck on your departmental exam! 🫶
MARAMING SALAMAT SIR! Apakalaking tulong ng mga tutorial mo sa aking pagaaral, sa amin, maraming salamat po, God will bless you 🙏❤️
WALANG ANUMAN, ECA! 🫶 Im happy na makatulong sa iyo, sa inyo 🙂 mag aral palagi nang mabuti! God will bless you too! ❤️
Thank you po sir! Actually nahihiya po ako magtanong sa teacher ko pag may klase sya kasi last class niya po kami bago mag-uwian and maybe pagod na din po siya. Pinapanood ko naman po yung recorded videos ng meet namin but sometimes wala po akong maintindihan. Nagiging takbuhan ko po talaga ang channel nyo. TYSM po!
You're welcome, Solemn. We hope kahit paano wag ka mahiya mag ask sa teacher nyo, dahil part pa rin yan ng learning process 🙂 Very good, before watching our videos consider mo muna rewatching ung mga recorded meet nyo 🙂
Gawin mo lang additional materials itong free tutorials namin if hindi na talaga maiintidihan 🙂 mag aral nang mabuti ❤️
THANK YOU SO MUCH PO SIR! Takbuhan ko po itong channel niyo po every time mahirap po ang lesson.
You're welcome Renant. Hope this video tutorial will help you ❤️
Salute po sir!! Ang galing mo po magpaliwanag! Thank you po! ❤️🙏
You're welcome, Danica. Hope this video will help you. Mag aral nang mabuti ❤️
every time na nanonood ako, hindi ko insskip ads hehe God bless Sir! looking forward na ako/kami naman ang magtuturo ng ganto hehe
Thank you Marshey. Malaking tulong samin ang hindi pagskip ng ads. Tsaka dagdag kasipagan na din sa amin yan para mas marami pa magawa na videos in the future.
We're looking forward din kami para dun future CPA 💛 na kayo naman ang magtuturo para sa mga susunod na aspiring CPA. Mag aral palagi nang mabuti.
Very helpful po sir saming mag-ququalifying exam. More Intermediate accounting videos po sana kasi sa august na po yung quali tapos puro self-study lang din po kami sa IA123. GOD BLESS Sir. We truly appreciate it po💕
Hello Elly! We're glad it helped. Goodluck sa qualifying exam 👍
Ano coverage ng qualifying exam ninyo? Please consider watching intermediate accounting playlist dito for more IA topics.
May mga videos na kami na hindi pa na-a-upload dito sa yt channel. More IA topics pa to be uploaded soon! 👍
@@FilipinoAccountingTutorial Thank you Sir 💕 IA123, CFAS at Taxation po sir. Matatapos ko na din po ang IAplaylist niyo💕
Thank you! God bless you💛
LIFE SAVER HUHU THANK YOU SO MUCH
You're welcome, Mk. Mag aral nang mabuti ❤️
super helpful and thankful to have your video :)
Thanks Allona. We're happy it is helpful. Mag aral nang mabuti 🧡
Any exceptions must be noted so that partical payments can be processed, or defective goods can be returned.
thank u po sir, OTW na po SI FIFO ehrhe
Thank you sir
You're welcome, Janeseu 🙂
Thank you po sir
You're welcome Ramon ❤️
Thank you💗💗
Thank you po!
naka silence nman yung problem 4 why it is a/r?
yung mas klaro pag magturo sa youtube kaysa sa mismong teacher haha
Hope it helps, Roxanne. Mag aral nang mabuti.
Tnx lods♥️
Sir, ibig sabihin po ba maiinclude yung Income Summary sa preliminary trial balance? Pwede po ba yun?
sir sana po masagot niyo po tanong ko! may ncIII po kasi ako this coming Friday. Ask ko lang po if need ng income summary sa perpetual? and kailan po siya kailangan if need ng income summary?
Goodluck on your upcoming NCIII, justine 🫶 Yes, need ng income summary sa perpetual system. Service or Merchandising or Manufacturing business, need ang income summary account. Provided the form of business is proprietorship or partnership. 🙂
Pag corporation ang form of business, we use "retained earnings" instead of income summary. Hope it helps. ❤️
Make a tutorial din po about sa share splits
Hi po! what if mas malaki ang value sa Inventory on hand? magiging "Dr. Inventory; Cr. Inventory Shortage" po ba sha?
Hello Miles. Unusual ang inventory overage, but hindi malaman ang reason bakit may sobra na inventory, you can use inventory overage account.
@@FilipinoAccountingTutorial Salamat po!
Hello sir. Bago lang po ako sa channel ninyo.
Sir ano Financial analysis example po may production po na gagawin?😅 gawan po ninyo ng video sir, hoping po God bless
Happy watching @Lucel Andaliza 🙂
Sir paano mag record ng transaction. If kapag humiram ka ng pera sa bank, inissue siya ng promissory note. Gamit po periodic inventory?
Ask lang ako about sa periodic table ng COGS , sa amin kasi e sa.subtract yung purchase at purchase return, bakit di ginalaw yung purchase?
Hello Jieger. Ang Purchases ay add, and purchase returns naman ay subtract to determine Total goods available for sale or TGAS. Then TGAS minus end inventory equals COGS. Hope it helps.
Ganto po samin e
Beg. Inventory
Add: Purchases
Freight In
Total Goods Available for Sale
Minus: Purchase Return & Allowances
Purchase Discount
Net Purchases
Minus: Ending Inventory
=Cost of Goods Sold
Ganto po samin e
Beg. Inventory
Add: Purchases
Freight In
Total Goods Available for Sale
Minus: Purchase Return & Allowances
Purchase Discount
Net Purchases
Minus: Ending Inventory
=Cost of Goods Sold
Hi may ask po ulit ako.. sa bookkeeping nc-III.. may na-encounter akong transaction na sa PERPETUAL:
-Made refund to cash customers for defective merchandise ₱xxx.xx
Sa JOURNAL entry nya ganito👇:
Dr. Sales R&A
Cr. Cash
Q:Bakit po kaya 1 entry lang ginawa dun sa solution pero po sa example nyo po dahil nagbalik, may effect din sya sa invty.. like sa (13:32) transaction#5..
Thank you.
Hi Rin Ce! Sa transaction no. 5. Dalawa ang napakitang entries under perpetual.
1 for reduction of A/R due to sales return
1 for increase in inventory due to sales return.
Dun po sa pinakita ko example possible na 1entry tlga sya?
Dahil sa term na "CASH customer" parang cash lang ung binalik ni seller kay buyer na refund at hindi na binalik ni buyer ung defetive goods/merchandise??
Kaya 1 entry lang po dun sa example ko ..compare sa example nyo dahil may Nareceived syang item na binalik? Ganun po b un?
Filipino Accounting Tutorial gets ko po ung part na un dahil sa discussion nyo po ..
kaso na confuse lng ako dun sa example transaction sa bookkeeping na naencounter ko dahil 1entry lng gnwa nya..
Yes. Example mo is walang return ng merchandise kaya isa lang entry. And yan din ay example ng sales allowance.
bakit po pala A/R yung sa 4. sir sa periodic... wala naman po nakastate na inutang po yung binenta hindi po ba yun cash sir? or inassume po na utang since silent problem po?
Cash account is more appropriate, marithe 🫶
Though pwede rin naman na A/R as account. Hope it helps 🙂
Hi po! sa Income Statement po ba maiinclude ang Income summary? or sa Balance sheet (Owners Equity part)
Normally, ang Income Summary ay isang temporary account na kabilang sa income statement. It is used to deduct revenues and expenses, and then later transferred to the capital.
Hii sir, can I ask if paano nkuha ung 780k na COGS?
pano po yung may different cost po ng purchase. ano po ang gagamitin kapag may shortage.fifo method
Sir where Can I message you po kaya may ask po sana ako sa periodic inventory system finals this week
Hello po sa number 4 Wala Naman po siyang nkalagay na on accounts / n terms,, so bakit po accounts receivable Yung debit? My napanood po Kasi video pg Wala daw po na on accounts or n terms that is cash na po..
baka kasi it is merchandising , sa merchandising kasi wlang cash converted rapidly. baka ganun. im confused din
Pano po makukuha cogs if walang beg. Inventory which is nagstart yung transaction sa pag purchase and walang unit na nkalagay
hello sir. sa number 4 transaction po cash po itu or credit? wala kasing nakalagay na on credit so meaning ang entry is Dr. cash, cr. sales?
correct me if i am wrong po. thank u
My humble opinion:
Dahil nasa educational purposes pa tayo sa accounting. Either debit to cash or a/r is acceptable for no. 4 transaction since wala sya nakalagay whether cash or credit 🙂
Pero kung actual practice ito, dapat alam natin yung terms of sale para mairecord natin ang tamang debit.
You are not wrong, Jechelle. Pwede rin debit sa cash yan 🙂
Yung alam ko “if walang naka indicate na sold on account etc” automatic cash po sya, I’m also confused rn
Ano pong accounting entry sa cost of goods sold?
Hi, ask ko lang po if laging may inventory shortage kapag perpetual inventory ang ginagamit?
Hellow po .. Paano po kung direo na la agad ung transaction at wala pong bgning inventory.. Paano po un?
Hi sir. Ask ko lang po yung dated 4, account receivable po yung debit? Akala ko po cash kase wala namang nakalagay na on account.
Hello Biswaranjan. Actually yung transaction 4 ay silent masyado. Hindi sinabi kung account at hindi rin sinabi kung cash.
For lecture purposes, ginamit ko nalang as debit A/R. A/R kasi binase ko na lang sya sa experience ko bilang accountant wherein karamihan sa mga naexperience ko nagsstart ang recording ng sales as debit sa A/R (hindi ko na nga lang nabanggit yan sa video)
You can use Cash or A/R as debit. Hope this will help.
Thanks po for the response.
Ang karaniwan kase namin pong ginagamit pag walang nabanggit is cash...
Pero thanks alot po. 😊
You're welcome. Mag aral nang mabuti 💛
Paano po kapag diretsong transaction na agad, walang binigay nabeginning inventory?
Can i ask po kung paano ang entry kapag ang transaction is nag indicate ng sold merchandise for (ex: 1k) and aslo may nakalagay na list price for (ex: 10k) with terms of (ex: 6% and 8%) 2/10, n/30
Di ko po kase magets pano yan sana po matulungan nyo ko
Ang purchases/sales ay nirerecord at invoice amount. Invoice amount = List price minus trade discounts.
Sa example mo. Kung ang list price is 10K. Therefore, invoice price is 10k * 94% * 92%.
Hope it helps.
@@FilipinoAccountingTutorial thank you po, pero paano po yung amount sa entries, madi disregard po ba yung worth amount na 1k, then ang ilalagay na amount is yung invoice po?
hello po,, pano po yung entry sa no. 7 if wala naman pong difference??? (perpetual) thank you.
Then no entry required, rachelle 🙂
@@FilipinoAccountingTutorial thank you po, God bless!!
Walang anuman, Rachelle. Mag aral nang mabuti. God bless 🙂
hello po sir, ask ko lang po if ano pong difference ng sales return and sales allowances? nasanay po kasi kong magkasama 'yung 2 since iyon po naturo sa amin nung shs ko po ehehe slmt po
Hello Christopher, ang "sales allowance" ay parang "sales return", kaya lang sa sales allowance, walang "return of inventory" na nagaganap. Ang nagaganap lang pag sales allowance ay reduction ng A/R, yung amount deducted is the sales allowance. Hope it helps. 🧡
@@FilipinoAccountingTutorial cge po sir maraming salamat po :>
Sir, automatic po ba na ung amount debited sa "Inventory Shortage" is considered as LOSS sa entity?
Hello April. Yes, especially kapag sobrang laki ng amount or material amount yung loss.
@@FilipinoAccountingTutorial Thank you so much po ulit sir ❤️✨ God bless po
Hi ask ko po ung #4(perpetual) dr.COGS (790k * 1k)
Q: Paano po naging 1k or san nakuha ? Hehe thanks.. di ko lang po gets.. 😅
kase po 1k per seat cover ang binayaran ng company sa pag acquire niya ng seat covers
kapag cogs transactions po, yung original amount na binili kay seller (yung 1k) ang i-multiply at hindi yung nakapatong na na amount kapag sales (which is yung 2k)
hello po! gusto ko lang po mag ask. Bakit po Income summary and naka credit po sa 6:36?
Hello Shian. Please consider watching ung video namin na adjusting entry for inventories. Ang video na yun ang sasagot sa iyo bakit income summary ang credit. Hope it helps ❤️
Good day po.
Ask ko lang po kung bakit A/R ang sales sa 3:52 ? Salamat po
tingin ko po, kasi walang sinabing nag bayad yung customer kaya A/R sya
Hi sir how about sa inventory balance naman po , using periodic system and perpetual system Naman po d ko po talaga ma gets sir
Hello Dianne. Basically pag periodic inventory, nag uupdate lang ang balance ng inventory account after makapagconduct ng physical count.
Kapag perpetual, every inventory transaction nag uupdate ang inventory account. Hope it helps 🙂
Paano po pag sa net method tsaka gross method hindi kopo naiintindihan lesson namin😭
May video tutorial ako ng topic na ito, mizu! 🙂
hi sir nag-email po ako sa inyo,sana po mapansin nyo. Need na need ko po kasi , thank u po.
mabilis ka sir ,
You might consider making slower yung playback speed. Hoping this video will still help you, bing.