For periodic inventory system lang po ba ito sir? what if po perpetual method. panu po yung closing entries nya? need pa rin po ba iclose yung merch inventory beg and end? same sa video? thank you po
Hello po Sir. Thank you for the accounting tutorial na ginagawa nio po. It helps a lot. Sir, pede po bang gumawa rin po kayo kung paano mag close journal entries pag NET LOSS....PLS PO....
Hello Mj. Please consider watching yung cost accounting playlist namin. Mabibigyan ka nun ng idea on how to prepare financial statements ng manufacturing business. Hope it helps.
good day sir... i hope meron pa pong post para sa post closing trial balance and reversing entries... guide sana on how i will restart for another cycle... thank you sir!
Thank you, Jam 🙂 we'll make post closing and reversing entries for this soon. For the meantime, you may consider watching our post closing and reversing entries lessosn here. Mag aral nang mabuti 🧡
hello po may ibang way po ba ang closing entries? iba kasi tinuturo ng cmate ko kasi wala ako nung tinuro ng teacher namin ang closing entry. at saka po ba kailangan i adjust pa rin ang mga advance payments sa initial journal entries kahit di sinabi sa adjustments? wla na po kasi akong pagtanongan..pasagot mo asap
Hello monica. As of this typing, hindi pa available ang post closing and reversing entries for merchandising. Pero same concept lang din naman yan ng sa service business. Kung paano ginagawa ang post closing and reversing for service business same lang din sya sa merchandising business 🙂
Hello Random. We're using "closing entry method" in this video. Not totally familiar with the "direct extention method", siguro yung ibang authors may ganyan silang term in their discussion. But most likely closing entry method and yung direct extension na sinasabi mo halos same lang yan. Hope it helps 🙂
May question ako sir. Pwede bang hindi na gumawa ng adjustments sa adjusting entries for inventory at gawin nalang ang adjustments nito sa closing entry? And also sir if example ginamit ang adjusting entry method para iclose ang Beginning inventory hindi na poba iinput ang beginning inventory sa income statement since na zero na siya sa adjusting entries. Sana masagot sir bukas napo kasi QE namin.
@@FilipinoAccountingTutorial Last question sir if ginamit ang adjusting entry method at na 0 ang beginning inventory pano po icocompute ang cogs kong zero napo ang beginning inventory. Applicable rin poba itong adjusting entries for perpetual method? Pasensya napo sa maraming tanong sir at thank you rin po sir napakalaking tulong po ninyo saamin na mga students na aspiring CPA.
Yes, dan. Ito ung closing entry. We have video rin dito na nakafocus sa adjusting entry method and closing entry method for inventories. Hope u consider watching it 🙂
Good day po sir! Diba po asset ang inventory? Tas po sa adjusting entry po may ending inventory po. Pwede po bang gawan ng reverse entry yung ending inventory since debit side po siya? Or hindi kasi naclose na po siya?
Hello geraldin 🙂 same process lang naman din naman kapag loss, maiiba lang ng konti ang entry. Pag loss debit capital credit inc. summary. Loss is kabawasan sa capital kaya debit capital. Hope it helps ♥️
Hi Lourdes. Wala pa ang video na kadugtong yan, yung post closing TB sa channel namin. Hindi pa namin na uupload. Itutuloy namin ito kapag nakaluwag na kami sa schedule 💛
Hello Monica. Disregarding tax implications. The entry will be debit to capital or withdrawal credit inventory. The amount is kung magkano nakarecord ang inventory. Hope it helps 🙂
Sir does Accountancy and Business Administration had the same lessons, what I mean sir does Accountancy had a little bit lessons about Business Managing/Administration?Does Accountancy and Business Administration related to each other?.. Last Question: Can you take BSA and taking CPA examination after taking both of them can you also take Business Administration for four years?
Sir, may I ask Kasi mag Accounting po kukunin ko nxt year pag nag college na ako gusto ko la po kasing malaman Kung kukuha kaba Ng BSA at kukuha Ng exam Ng CPA pwede ka po bang dumertso kumuha Ng BSBA o do kaya deretso sa MBA ? Gusto ko Lang pong malaman Kasi Sabi Ng iba pag CPA ka daw pwede ka daw kumuha Ng Master's of Business Administration totoo po ba Yun?
@@FilipinoAccountingTutorial Okay po. Maraming salamat po kasi ang laking tulong ng mga lecture videos niyo para mas maintindihan ko po ang accounting. 😊
Thank your this video tutorial!
You're welcome Lyka💛
Thank you so much po! Gets ko na siya pero paano po kapag walang beginning balance, need pa po ba mag entry ng zero or hindi na po kailangan?
You're welcome, Alyssa! 🙂
Kapag walang beginning balance, no need to make journal entry.
Hope it helps! ❤️
For periodic inventory system lang po ba ito sir? what if po perpetual method. panu po yung closing entries nya? need pa rin po ba iclose yung merch inventory beg and end? same sa video? thank you po
Hello po Sir. Thank you for the accounting tutorial na ginagawa nio po. It helps a lot. Sir, pede po bang gumawa rin po kayo kung paano mag close journal entries pag NET LOSS....PLS PO....
Sir. Sana po meron kayong tutorial about Manufacturing financial statement po. Thank you po sa mga vids nyo dahil andami ko pong natutunan
Hello Mj. Please consider watching yung cost accounting playlist namin. Mabibigyan ka nun ng idea on how to prepare financial statements ng manufacturing business. Hope it helps.
@@FilipinoAccountingTutorial salamat po tlaga🤗💗
Good day meron na po ba video sa post closing trial balance ?
sana po may post closing entries din po nito transaction na ginamit thank you po
good day sir... i hope meron pa pong post para sa post closing trial balance and reversing entries... guide sana on how i will restart for another cycle... thank you sir!
Thank you, Jam 🙂 we'll make post closing and reversing entries for this soon. For the meantime, you may consider watching our post closing and reversing entries lessosn here. Mag aral nang mabuti 🧡
Hi po, sir. Can I ask? How do you calculate the ROI kung ang given ay annual sales, cost of sales, investment, and earnings?
hello po may ibang way po ba ang closing entries? iba kasi tinuturo ng cmate ko kasi wala ako nung tinuro ng teacher namin ang closing entry.
at saka po ba kailangan i adjust pa rin ang mga advance payments sa initial journal entries kahit di sinabi sa adjustments? wla na po kasi akong pagtanongan..pasagot mo asap
Sir, parehas lang po ba ang closing entry method sa COGS method?
Good day! may kasunod pa po ba ito na part 6?
May tutorial po kayo ng statement of cash flow for merchandising?
Hello Jazmin, please watch this video about cash flow
ua-cam.com/video/WNyezlYIhZ8/v-deo.html
Bat po nawala yung part 6?
hi sir where is the post closing and reversing video lecture about in this problem? i cant find it
Hello monica. As of this typing, hindi pa available ang post closing and reversing entries for merchandising.
Pero same concept lang din naman yan ng sa service business. Kung paano ginagawa ang post closing and reversing for service business same lang din sya sa merchandising business 🙂
@@FilipinoAccountingTutorial ok sir thank you for response. I have learned a lot sir thank u
You're welcome, monica 🙂 we're happy you learned a lot from us. Mag aral nang mabuti ❤️
Hi sir, is this direct extension method of closing entries for merchandising business? Thankyou!!
Hello Random. We're using "closing entry method" in this video.
Not totally familiar with the "direct extention method", siguro yung ibang authors may ganyan silang term in their discussion.
But most likely closing entry method and yung direct extension na sinasabi mo halos same lang yan. Hope it helps 🙂
Sir kailan po yong post closing trial balance for merchandising business? I really need it po
Sir could you make a video about statement of financial position errors and income statement errors...
Hello Renz! Thanks for the suggestion. Will keep these topics in our notes para sa mga susunod na videos.
May question ako sir. Pwede bang hindi na gumawa ng adjustments sa adjusting entries for inventory at gawin nalang ang adjustments nito sa closing entry? And also sir if example ginamit ang adjusting entry method para iclose ang Beginning inventory hindi na poba iinput ang beginning inventory sa income statement since na zero na siya sa adjusting entries. Sana masagot sir bukas napo kasi QE namin.
YES ang lahat ng answer sa 2 questions mo, vivid! Hope it helps and goodluck on your QE! 🙂
@@FilipinoAccountingTutorial Last question sir if ginamit ang adjusting entry method at na 0 ang beginning inventory pano po icocompute ang cogs kong zero napo ang beginning inventory. Applicable rin poba itong adjusting entries for perpetual method? Pasensya napo sa maraming tanong sir at thank you rin po sir napakalaking tulong po ninyo saamin na mga students na aspiring CPA.
Meron kpo sir sinabi tungkol sa closing entry method Ito po ba yun?
Yes, dan. Ito ung closing entry. We have video rin dito na nakafocus sa adjusting entry method and closing entry method for inventories. Hope u consider watching it 🙂
Kapag gumamit kpo sir ng adjusting entry method ano po Ang itsura ng closing entry iiba po ba Ang procedure?
Sir can you make a video about Statement of Comprehensive Income?
Hello Dustine. Thank for the suggestion. We'll keep this in our list para sa susunod na mga videos. 💛
Sir what if ang merchandising inventory ay nasa balance sheet?
Can you make a video about special journals po?
Thanks Jc. We'll keep this in our list para sa mga susunod na uploads.
@@FilipinoAccountingTutorial post closing trial balance and reversing entries for Merchandising, Corporation
Good day po sir! Diba po asset ang inventory? Tas po sa adjusting entry po may ending inventory po.
Pwede po bang gawan ng reverse entry yung ending inventory since debit side po siya? Or hindi kasi naclose na po siya?
Hello Florence. May video kami about dito. Please consider watching ung adjusting entries for inventories. Hope it helps 💛
@@FilipinoAccountingTutorial thank you po😁
Good day Sir! Thank you po sa tutorial. Paano naman po kaya yung closing entries ng merchandise business na may net loss? Thank you po!
Hello geraldin 🙂 same process lang naman din naman kapag loss, maiiba lang ng konti ang entry. Pag loss debit capital credit inc. summary. Loss is kabawasan sa capital kaya debit capital. Hope it helps ♥️
Sir how to close po if debit balance yung income summary?
Hello Cloudii. If debit balance ang income summary, then closing the income summary will be:
Debit Capital
Credit Income Summary
Hope it helps.
@@FilipinoAccountingTutorial Thank you so much po!
Sir can you make a video ng introduction of accountnacy? Freshie po kasi heheh thannk you
Salamat sa suggestion, we will consider this. Keep safe!
Hello po sir. Saan po yun kadugtong? Yun post closing trial balance po? Saan ko po makikita?
Hi Lourdes. Wala pa ang video na kadugtong yan, yung post closing TB sa channel namin. Hindi pa namin na uupload. Itutuloy namin ito kapag nakaluwag na kami sa schedule 💛
Sige po sir. Salamat po.😊
Sir, pwede po ba magtanong? Paano po makukuha yun capital sa post-closing trial balance?
Sir i just want to ask what will be the journal entry if the owners withdraw from merchandise inventory for personal use: cost-20k and selling-50k
Hello Monica. Disregarding tax implications. The entry will be debit to capital or withdrawal credit inventory. The amount is kung magkano nakarecord ang inventory. Hope it helps 🙂
@@FilipinoAccountingTutorial thank you sir😘😘
Sir does Accountancy and Business Administration had the same lessons, what I mean sir does Accountancy had a little bit lessons about Business Managing/Administration?Does Accountancy and Business Administration related to each other?..
Last Question: Can you take BSA and taking CPA examination after taking both of them can you also take Business Administration for four years?
In my Last question sir, to make the question short Can you take BSBA after taking or achieving CPA?
Can you take MBA after taking CPA?
Yes you can take MBA after taking CPA, even non-CPA and BSBA graduates can pursue MBA if they want to 🙂
Yes, kung gusto mo continuity learning, you can take another course.
Thank you sir😊
Sir, may I ask Kasi mag Accounting po kukunin ko nxt year pag nag college na ako gusto ko la po kasing malaman Kung kukuha kaba Ng BSA at kukuha Ng exam Ng CPA pwede ka po bang dumertso kumuha Ng BSBA o do kaya deretso sa MBA ? Gusto ko Lang pong malaman Kasi Sabi Ng iba pag CPA ka daw pwede ka daw kumuha Ng Master's of Business Administration totoo po ba Yun?
Yes tunay ito. ang BSA and BSBA ay pwede mag MBA. 🙂
Hello po sir. Meron po bang kasunod na part 6?
Hello abiera, wala pa ito part 6 as of this moment. Part 6 nito shall be post closing trial balance.
@@FilipinoAccountingTutorial Okay po. Maraming salamat po kasi ang laking tulong ng mga lecture videos niyo para mas maintindihan ko po ang accounting. 😊
Walang anuman, abiera 🙂 im happy na makatulong ♥️ marami pa videos dito baka sakaling makatulong rin sau. mag aral nang mabuti 🙂