You're welcome, Missy. Advanced study is key sa BSA course. Mag aral nang mabuti. Marami pa dito basic accounting videos, browse mo lang sa playlist. Goodluck on your BSA journey ❤️
It depends on the operations of business, Yani. Operating cycle in a nutshell means estimated time to turn inventories to cash. Kapag mga business like supermarket, usually maikli lang ang operating cycle dahil mabilis ang pagbili and pagbenta ng inventories ng supermarket. Kapag ang business naman is manufacturer of wines, usually matagal ang operating cycle (more than a year) dahil mas matagal ang process ng pagbuo ng wine. Hope it helps! 🙂
Hello King. Bonds payable usually involves malalaking amount ng money. Corporations and government ang involve sa bonds. if taking ng basic accounting, hindi yan msyado maeencounter. Accounts payable naman normally mga utang from purchases mo yan in your ordinary course of business. hope it helps.
Hi po sir. May tanong po ako sa dulong part sa may expense, diba po binenta yung paluging computer... Tama po ba yung pagkakaintindi ko na kaya po expense siya dahil nabawasan po yung asset na meron yung comp shop? Tapos po, may tanong po ako... yung perang kinita po doon hindi po ba siya mag fafall sa income? Pasensya na po... nalilito pa po ako... Salamat po
Or bale po palaaaa i meaaan wahhhhh... Bale po yung binenta nang palugi, yung ibig sabihin po ba noon binenta yung computer sa mas mababang presyo kaysa doon sa pinaka original na price niya? Wahhhh
Yes, Philouran. Very good! 🧡 Ganito yung ibig namin sabihin jan. Binenta yung computer sa mas mababang presyo kaysa original price nya. Kunware may computer ka na binili mo ng 10K. Tapos binenta mo yung computer ng 8K, which is mas mababa compared sa orig price nya na 10K. Yung loss on sale na 2K, sa owners equity un ilalagay. Hope it helps.
Hello Unknown! Yes, sunod sunod na ang videos sa basic accounting playlist. If panonoorin mo mga videos nito, please consider reading yung mga pinned comments from us para sa better learning experience. Madagdag lang namin. If nag-aadvanced study ka sa accounting, please magstart muna sa pagbabasa ng textbooks, then saka ka watch dito para maimprove ang understanding. Hope it helps.
Hello Erica! Almost same lang ang meaning ng dalawang yan. Basically, ang term na "revenue" ay income ng business from its normal operations. Kapag ang business ay service business. Ang revenue nila ay normally referred as "Service revenue". Kapag ang busines ay merchandising, ang revenue nila ay normally referred as "Sales". Hope it helps.
REVENUE is general classification ng income ng operation ng business while Sales is sub-classification or detailed sub-classification ng income ng business. Like sa Family Tree niyo, CANDELARIO is REVENUE, Erica is Sales Sample only CANDELARIO Family Tree Business Income Stament For The Month of August 31, 2020 REVENUE: Sales on Cash P100,000.00 Sales on Credit 50,000.00 Total Sales P150,000.00
hello po, super helpful po ng videos niyo!!! hehe ask ko lang din po if increase po ba ang effect sa owner's capital po kapag nag invest po siya? thank you po!!
@@FilipinoAccountingTutorial last na lang po, mejo naguguluhan lang po kasi ako. if ang equipment po ba na binili ng entity is not yet fully paid, sa asset pa rin po ba siya ilalagay? maraming salamat po!
Hello, basically when we say "entity" it pertains sa "business". Examples are sole proprietorship, partnership and corporation. Kunware may negosyo ka. Dahil may negosyo ka may mga financial transactions ka na nirerecord mo. Example ay yung pagbebenta. Yung "name ng business" mo is yung "entity". Hope it helps.
Hi Cj. Thanks. Magkaiba meaning ng income ang revenue. We think nabanggit namin ito sa video at nag-example pa kami. But to make it mas simple ganito yan: Lahat ng revenue ay income kasi ang revenue ay under ng income. Pero hindi lahat ng income ay revenue. Hope it helps.
@@FilipinoAccountingTutorial Tama po ba? Bale ang revenue is an income that comes from the sales/services rendered by the entity. Samantalang ang income is an income that comes from revenue and from other sources too na kumita such as bank interest (yun lang naisip ko as I start to watch your actg videos, no personal bg in actg). In math terms, income is the universal set while revenue is a subset. Salamat po sa explanation ninyo.
Hello ncx! Basically ang bonds payable ay liability na evidenced by a certificate at contract of debt. Large amounts ang involve sa liability na account na ito. Usually corporations and govt units ang merong ganitong type ng liability. Madagdag ko lang. If magtetake ka palang ng basic accounting, hindi mo msyado maeencounter ang liability na yan. Hoping this will help.
Hello Cholo, ang party na may utang ang gagawa ng promissory note. Example bumili ka ng product sa akin pero hindi pa bayad at nagpromise ka na babayaran mo ako after 30 days. Ikaw ang gagawa/mag-i-issue ng promissory note na ibibigay mo sa akin. Nakastate dun sa promissory note mo yung promise mo babayaran mo ako after 30 days. Hope this will help.
@@FilipinoAccountingTutorial @Filipino Accounting Tutorial I-comment ko lang yung learning ko. In short notes payable and notes receivable ay depende kung ikaw yung may-ari ng business or customer/client ka. Kung ikaw ang nagsulat ng promi note as business owner, then that is notes payable. Then the other party that receives the pn refers to it as notes receivable. Tama po ba?
Tama, Jonna! Very good! 🙂 Parties in promissory note: 1. Maker (party na may utang) 2. Payee (party na inutangan ni maker) Notes payable sa perspective ni "maker". Notes receivable sa perspective ni "payee". Katulad ng namention mo sa comment 🙂
Thank you so much po andami kong natutunan sa mga videos niyo! Currently reviewing para ready sa BSA journey hehe. More power po! God bless you
You're welcome, Missy. Advanced study is key sa BSA course. Mag aral nang mabuti. Marami pa dito basic accounting videos, browse mo lang sa playlist. Goodluck on your BSA journey ❤️
Keep it up sir! Kahit papano natututo ako 😊 this video deserves a billion subs!
Thanks Carlo!
Thank you po sir dami ko natutunan sa video nyo hindi nakakalito panoorin
You're welcome, Aira 🙂 Hope this video will help you. Mag aral nang mabuti ❤️
Sir HAPPY TEACHERS DAY PO😄🎉🎉 SOBRANG LAKING TULONG PO NITO, GOD BLESS YOU PO
Thanks Renalyn! Mag aral nang mabuti and stay safe! We are happy na nakakatulong ito.
Aystt sana lahat ganito magturo😊,
Salamat Klody! Aral mabuti 😇
thanks po nakakatulong vids niyo.. I’ll take BSA kasi kung sakaling makapasa ako sa gusto kong univ pero STEM student ako 😅
You're welcome Haesoo. Goodluck on your BSA journey ❤️ marami pa dito accounting videos. Baka sakali makatulong sa BSA journey mo ❤️
It really helps me a lot 😍😍
Im glad it helped Maria!
big help po, kapag nakagraduate po ako ng 4th year as a BSA student. Babalikk po ako dito at magthathankyouu!!!
Thank you too, aldrin
Sirr!!! Napaka galing nyo mag explain!!! more video to comee poo!!!
Yes Annalisa, makakaasa kang marami pa itong kasunod 🙂
Nandito po ako kasi BSA 1st year po course ko huhu, this helps so muchh
Glad it helps, rhaian 🫶 Good luck on your BSA journey! ❤️
Sir, may I ask po kung true or false po ito. When the asset is 200% of liability then asset is equal to liability and equity.
Whats the difference between prepaid expense and unearned revenue?
Hello Dana please watch adjusting entries for comprehensive discussion of those two.
Okay sir. Tapos na kasi kami sa lessons na un and di ko naiintindihan sa explanation ng prof ko difference nila. Thankyou!
how long is a normal operating cycle? 1 month po?
It depends on the operations of business, Yani.
Operating cycle in a nutshell means estimated time to turn inventories to cash.
Kapag mga business like supermarket, usually maikli lang ang operating cycle dahil mabilis ang pagbili and pagbenta ng inventories ng supermarket.
Kapag ang business naman is manufacturer of wines, usually matagal ang operating cycle (more than a year) dahil mas matagal ang process ng pagbuo ng wine.
Hope it helps! 🙂
@@FilipinoAccountingTutorial Thank you po!
You're welcome, Yani! Mag aral nang mabuti! ♥️
So mean po may similarities po si gains at si losses po sir
❤
May difference ba ang Gains at Losses? pareho kasi silang hindi part ng normal cycle operation
Hello Teen! Yes may pagkakaiba sila.
@@FilipinoAccountingTutorial palinaw po if you mind, ano po pag kakaiba?
Ok sige. Basically:
Ang gain ay "tubo/kita". Ang loss ang "lugi"
Hope this will help.
hello po, ano po ba ang kaibahan ng accounts payable sa bonds payable?
Hello King. Bonds payable usually involves malalaking amount ng money. Corporations and government ang involve sa bonds. if taking ng basic accounting, hindi yan msyado maeencounter.
Accounts payable naman normally mga utang from purchases mo yan in your ordinary course of business.
hope it helps.
@@FilipinoAccountingTutorial maraming salamat sir!
Welcome and Keep safe!
Me while watching:
*nodding*listening carefully*answering like a first voice kahit minsan mali yung answer ko 😂
😂😂 kaya mo yan!
Thank you for making this video po 😊
Welcome 😉
Hi po. Pwede next vid nyo about Fabm2 tenkyuu in advance ❤
Pre anung gamit mong references/books ? Thanks
Hi Noli! Nasa description ang reference book.
Ask ko lang po sir kung current liabilities parin po ba kung yung notes payable kung babayaran more than 12 months
Hello Jerome. Basically ganito:
If lump-sum yan. Meaning for one time payment lang yang liability: Noncurrent liability.
Hope it helps.
Hi po sir. May tanong po ako sa dulong part sa may expense, diba po binenta yung paluging computer... Tama po ba yung pagkakaintindi ko na kaya po expense siya dahil nabawasan po yung asset na meron yung comp shop? Tapos po, may tanong po ako... yung perang kinita po doon hindi po ba siya mag fafall sa income? Pasensya na po... nalilito pa po ako... Salamat po
Or bale po palaaaa i meaaan wahhhhh... Bale po yung binenta nang palugi, yung ibig sabihin po ba noon binenta yung computer sa mas mababang presyo kaysa doon sa pinaka original na price niya? Wahhhh
Yes, Philouran. Very good! 🧡 Ganito yung ibig namin sabihin jan. Binenta yung computer sa mas mababang presyo kaysa original price nya.
Kunware may computer ka na binili mo ng 10K. Tapos binenta mo yung computer ng 8K, which is mas mababa compared sa orig price nya na 10K. Yung loss on sale na 2K, sa owners equity un ilalagay. Hope it helps.
Good afternoon po sir, sunod sunod po ba itong 45 vids according? Thank u po sir, malaking tulong po mga vids nyo. God bless po.
Hello Unknown! Yes, sunod sunod na ang videos sa basic accounting playlist. If panonoorin mo mga videos nito, please consider reading yung mga pinned comments from us para sa better learning experience.
Madagdag lang namin. If nag-aadvanced study ka sa accounting, please magstart muna sa pagbabasa ng textbooks, then saka ka watch dito para maimprove ang understanding.
Hope it helps.
Filipino Accounting Tutorial Yes sir, binabalikan ko lang po uli kasi nakalimutan ko na, thank u sa tips God bless po
Hello po, ano po ba ang difference sales and revenue?
Hello Erica! Almost same lang ang meaning ng dalawang yan.
Basically, ang term na "revenue" ay income ng business from its normal operations.
Kapag ang business ay service business. Ang revenue nila ay normally referred as "Service revenue".
Kapag ang busines ay merchandising, ang revenue nila ay normally referred as "Sales".
Hope it helps.
REVENUE is general classification ng income ng operation ng business while Sales is sub-classification or detailed sub-classification ng income ng business.
Like sa Family Tree niyo, CANDELARIO is REVENUE, Erica is Sales
Sample only CANDELARIO Family Tree Business
Income Stament
For The Month of August 31, 2020
REVENUE:
Sales on Cash P100,000.00
Sales on Credit 50,000.00
Total Sales P150,000.00
hello po, super helpful po ng videos niyo!!! hehe ask ko lang din po if increase po ba ang effect sa owner's capital po kapag nag invest po siya? thank you po!!
Hello Asiah. Masaya kami makatulong 🧡
Yes, increase in capital ang effect kapag nag invest ang owner sa business nya. Hope it helps.
@@FilipinoAccountingTutorial thank u so much po!
@@FilipinoAccountingTutorial last na lang po, mejo naguguluhan lang po kasi ako. if ang equipment po ba na binili ng entity is not yet fully paid, sa asset pa rin po ba siya ilalagay? maraming salamat po!
Hello, Asiah. Yes basta binili na yung equipment, whether fully paid yan or not, sa asset ilalagay. Hope it helps.
@@FilipinoAccountingTutorial maraming salamat po!!!
hello po, i just want to clarify lang po, yung entity po ba na n mention mo po yan yung customer? thank youuu in advance
Hello, basically when we say "entity" it pertains sa "business". Examples are sole proprietorship, partnership and corporation.
Kunware may negosyo ka. Dahil may negosyo ka may mga financial transactions ka na nirerecord mo. Example ay yung pagbebenta. Yung "name ng business" mo is yung "entity".
Hope it helps.
@@FilipinoAccountingTutorial ahhh, wow thank youu po, ang linaw po ng explanation 🥰 gets ko na po
Hello sir thank you laki po ng tulong niyo galing niyo po mag explain pero sir i havr a question nagulohan lang ako same ba income at revenue?
Hi Cj. Thanks. Magkaiba meaning ng income ang revenue. We think nabanggit namin ito sa video at nag-example pa kami. But to make it mas simple ganito yan:
Lahat ng revenue ay income kasi ang revenue ay under ng income. Pero hindi lahat ng income ay revenue.
Hope it helps.
@@FilipinoAccountingTutorial Tama po ba? Bale ang revenue is an income that comes from the sales/services rendered by the entity. Samantalang ang income is an income that comes from revenue and from other sources too na kumita such as bank interest (yun lang naisip ko as I start to watch your actg videos, no personal bg in actg).
In math terms, income is the universal set while revenue is a subset.
Salamat po sa explanation ninyo.
Correct, Jonna. Very good! ❤️ The definition of income encompasses both revenue, gains and other income (e.g. interest income) 🙂
@@FilipinoAccountingTutorial Salamat po. 😁
Walang anuman, Jonna. Mag aral nang mabuti 🙂
Sir di mo na explain mga patents ganern
5:58
hello po sir! tanong lang po kung pwede po ba paki expound pa po nung bonds payable? medyo naguguluhan pa po kasi ako
Hello ncx! Basically ang bonds payable ay liability na evidenced by a certificate at contract of debt. Large amounts ang involve sa liability na account na ito. Usually corporations and govt units ang merong ganitong type ng liability.
Madagdag ko lang. If magtetake ka palang ng basic accounting, hindi mo msyado maeencounter ang liability na yan.
Hoping this will help.
Filipino Accounting Tutorial Thank you so much po sir!!! :)
Question po, sa notes payable po ba ang gagawa ng promissory note ay si Supplier or si Entity? :)
Hello Cholo, ang party na may utang ang gagawa ng promissory note.
Example bumili ka ng product sa akin pero hindi pa bayad at nagpromise ka na babayaran mo ako after 30 days. Ikaw ang gagawa/mag-i-issue ng promissory note na ibibigay mo sa akin. Nakastate dun sa promissory note mo yung promise mo babayaran mo ako after 30 days.
Hope this will help.
@@FilipinoAccountingTutorial @Filipino Accounting Tutorial I-comment ko lang yung learning ko. In short notes payable and notes receivable ay depende kung ikaw yung may-ari ng business or customer/client ka. Kung ikaw ang nagsulat ng promi note as business owner, then that is notes payable. Then the other party that receives the pn refers to it as notes receivable. Tama po ba?
Tama, Jonna! Very good! 🙂
Parties in promissory note:
1. Maker (party na may utang)
2. Payee (party na inutangan ni maker)
Notes payable sa perspective ni "maker". Notes receivable sa perspective ni "payee". Katulad ng namention mo sa comment 🙂
HINDI KO PO NAGETS MASYADO YUNG RESIDUAL INTEREST OF AN ENTITY SA EQUITY
Hello Gracia! If hindi nagets msyado dito 'yung explanation, please read more references pa. And listen sa explanation ng prof mo about equity 💛
Familiar accent sir 😅
GROBI HAHA DAMI KONG AARALIN BUTI NANDITO LAHAT NG LESSON
Hope it helps, Carlo. Mag aral nang mabuti 🙂