Basic Accounting | Accounting Cycle - Step 2. Transactions are Recorded in the Journal
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- Опубліковано 13 жов 2024
- Learn how to record journal entries of financial transactions.
Reference: Basic Accounting Made Easy by Mr. Win Ballada and Ms. Susan Ballada 2010 Issue- 15th Edition
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#JournalEntries #Journal #FilipinoAccountingTutorial
Thank you, sir. You helped me alot, I realized na yung pag intindi ng students sa certain topic naka-based sa teacher talaga. Clear na siya ngayon, thanks a ton po. 😊
Hello Sir, takot ako dati sa numbers, dahil nahihirapan ako mg intinde. Stumbling into your lectures made me appreciate the reality that I need to be financially literate. Ng papasalamat ako sa Diyos, sa dedication mo to teach people in all walks of life. Not too late to learn. Madali ang pag intende ng lectures mo. Salamat talaga.
Hello leupt!
Walang anuman! You are correct, its not too late to learn! 🙂 Im happy knowing your realizations kaya conquer your takot sa numbers. The fact na naiitindihan nyo ang lectures implies that 𝑛𝑢𝑚𝑏𝑒𝑟𝑠 can be your strength. Mag aral nang mabuti! And marami salamat din! Godbless! 🙂
NO SKIPPING OF ADS!!! THANK YOU SO MUCH SIR!!!
You're welcome, Jess. Not skipping ads is a great help to us. Thanks so much too. Mag aral nang mabuti ❤️
Oo nga eh, anggaling mag turo. Btw Kumain kana?
Sobrang detailed ikaw mag explain which is actually good kasi walang namimiss out behind na details.
Yes Ice bear! Salamat sa pag appreciate ng aming teaching strategy 🙂
Sir Yung sa last example po nalito Lang ako Kasi Ang turo samin Yung answer A/p- debit at cash- credit. Napaka helpful po Ng video nyo. Thank you!
Thank you so much po sir, very helpful sa pagrereview ng basic accounting, mas lalo ko pong naintindihan💗😊
Thanks din for watching Tintin! Masaya kami makatulong.
Thank you po! Yung account title & explanation po namin is PARTICULAR po, same procedure lang.
You're welcome Its
THANKYOU iam second year college and I am reviewing again the basic accounting thankyou for well explanation and easy to understand . Thankyouuu
You're welcome Tina. We have more accounting videos here for you second year students here. Hope those will help you in accounting studies. Mag aral nang mabuti 💛
Thank you sir💙☺️ nakaka excite mag accounting kung ganito lagi ang instructor magturo.🥰
You're welcome, jenny 🙂 hope this video will help you. Mag aral nang mabuti ♥️
Yes.... Magets Kona Ang Dali lng pala hahahaha thank you sir.. galing NYU po magpaliwag
Welcome Edgar! We are happy to help you.
Galing po ninyo sir!!! Hinahanap ko talaga ganitong klaseng pag explain kasi yung iba kong nakita ang bilis mag salita English pa hahahahaha, thank you po!!!! Nakatulong po talaga, especially Grade 11 pa lng po ako so medyo nalilito pa ako, pero thank po ulit dahil pina intindi niyo ng maigi! Keep it up po sir! God Bless👌🏻
Thanks, Peter. Masaya kami makatulong. Practice mo nalang para mas mamaster ang basic journal entries. Mag aral nang mabuti 🧡
Marami pang mga basic accounting videos dito. Baka sakaling makatulong din sa iyo 🧡
Hello po! Your video really helped me po and I was wondering if when niyo ma upload ang next steps for the accounting cycle? Thankyou po!
Hi Erika! Step 3 target to be uploaded next week. Thanks!
Hindi ka sana magsawa gumawa ng ganitong videos hanggang sa last subjects ng accounting sa college. Heheheh. Thank you in advance. And God bless sa channel mo sir. More power
Welcome! Yes, asahan mo na patuloy kaming mag uupload ng videos. Godbless and Keep safe @Captain Canine ♥️
Thank you sir nung tinuro sa amin to di ko masyadong maintindihan pero yung ikaw nagturo may naintindihan ako,, salamat talaga sir ❤️❤️❤️
You're welcome, Henny ❤️ Hope this video will help you. Mag aral nang mabuti 🙂
Opo sir,, gagalingan ko po para sa dream ko na maging CPA at para sa pamilya ko,, thank you ulit sir ❤️❤️❤️😘
Very good, Henny! 🙂 Pagbutihin ang pag-aaral para sa ating pangarap at sa pamilya ❤️ Goodluck on your accountancy journey, future CPA ❤️
thank u sir napaka laking tulong po sa akin nito..im not an accounting student pero need ko po ito sa bookkeeping job godbless po😊
You're welcome, Erica 🙂 masaya kami makatulong. Goodluck on your bookkeeping job. God bless 🙂
@@FilipinoAccountingTutorial thank u po 😊
Salamat po sa explaination ,mas naiintindihan kona.
Welcome Sonari!
Ngayon mas naiintindihan ko na
Grade 11 students po🤯
Masaya kaming makatulong sayo
Thank you po sa mga vids nyo! Sobrang laking tulong nyo💓
You're welcome bleh!
Nag tanong ako sa kaibigan ko kung ano yung magandang UA-cam channel na panoorin tungkol sa accounting at ito ang kanyang ni recommend. Sobrang nakakatulong talaga lalo na't maganda yung pagkakaexplain.
Thank you, Wayne 🙂 We hope this video will help you in studying accounting. Mag aral nang mabuti ❤️
Thank you rim sa iyong friend for recommending our channel. Malaking tulong yan sa amin 🙂 and sana makatulong din ang mga videos namin sa inyo ❤️
Good morning po.regarding sa transport Business particular po grab service.In every trip job has fare and deduction as commision of 20%.So gross income is 80% of the all total fare done in the Quarter.other expenses is depreciation,gas,parking,maintenance of the car etc..
Hi Richard! How can we help you?
Love u sir mas naintindihan kopo kayo keysa sa school huhu
Thank you po laking tulong po nito
Thank you po sir nakita ko tong channel niyo may natutunan po ako kesa sa discussion ng prof namin parang rapper kasi ehh😅 thankk you poo
You're welcome, Angel 🙂 We hope this video will help you ❤️ Mag aral nang mabuti 🙂
New Subscriber po ako! And nagrerecall lang po ako ngayon kasi bukas start na ng klase namin sa accounting. And napansin ko lang po sa 20:16 ay 8,000*3 dapat po ay 24,000 at hindi 26,000. Pero ang galing niyo po mag-explain.
Hello Eustaquio. Thanks sa sub. Malaking tulong yan sa amin 💛 Mag aral ng mabuti and goodluck sa online class.
8,800 ang rate nya per client, not 8,00
Filipino Accounting Tutorial ay po nga po😁 salamat po
thanks po sa knowledge much!
You're welcome, huo 🙂 mag aral nang mabuti ♥️
Thank you so much GODbless now I understand it
Thank you po ! Idk why there were 25 people who dislike your video
You're welcome Neil. Mag-aral nang mabuti. Clueless din kami bakit hindi nila gusto itong video, kasi hindi sila nagcomment.
Mas naiintindihan ko pato kesa sa Prof namin. Hehe
Thanks Race 😄
Hello about po sa book of accounts. Ung nirecord mo sa Cash receipts Journal at Cash disbursements Journal book, gagawan pb sya ng Journal entry?
ngayon ko lang naintindihan yung unearned revenue, AHAHHAHAHAHA, thanks sir
Hi goodmorning po! Meron pa po ba kayong ibang examples ng transactions like yung nasa vid with answer key, na pwede pong pagpractisan. Thank you po in advance!!.
SUPER HELPFUL BOSS ESP IN ONLINE CLASS LABYU u teach so well po 🐐
Thank you, Elisha 🙂 We're happy it is helpful ❤️ Mag aral nang mabuti 🙂
thank you for this tutorial really helpful. I'll be 1 of your new subscribers. I hope to have more in dept knowledge in accounting.☺️☺️☺️☺️
Thanks Gwen. That will be a great help to us 👍
Keep practicing to obtain more knowledge about this topic.
@@FilipinoAccountingTutorial sir, I am still struggling in journal entries. I am still confuse to determining the account classification where can I find practice materials w/ answer for practice? Thank u for response. It is really a great help for me.
God bless po! confused college student here na may accounting class 🥴
Thank you, andrei. Hope this video will help you 🙂 God bless ♥️
Maraming salamat po
You're welcome Gago!
A very nice accounting tutorial. Thank you po!
Welcome 😍
thank you po sir!!
You're welcome, Karlyn. Mag aral nang mabuti ❤️
dito na yata ako mg tambay. Online class 2020
Thanks Junrey! Mag aral ng mabuti. Palagi makinig sa teacher mo sa online class 💛
@@FilipinoAccountingTutorial opo, very challenging po talaga ang online class, aside sa books kelangan other resources. Buti na lang i found your channel po.
salamat po dito! very helpful siya
Walang anuman Diana!
thanks, sir! this is really helpful to me.
You're welcome, Justice 🙂 Glad it is helpful. Mag aral nang mabuti ♥️
Thank you sir huhu narefresh utak ko
You're welcome, invertedsoul 🙂 Hope this video lesson will help you ♥️
Funny that the name you used in your example, Esterlina Gevera, is the full name of my former acctg. Prof and eventually Dean of Accountancy of UM Davao City.
Wow. She is an educator in accounting. We saw her name used in example problems in Basic Accounting by Ballada.
Mukhang madali pero mahihirapan talaga kapag nagsolo na kase nalilito ako kung cr. or dr. hahaha kapag nagkamali na dito , mali na din posting at adjusting tas binigyan pa kame ng madaming activities kahit hindi naman masyadong naituro ng ayos kaya naghahanap ako ng magandang explanation . :(
If hindi mo pa napapanood, please watch yung debits and credits video namin dito para mamaster mo when to debit, when to credit. Tapos isunod mo itong journal entries video. Hoping na makatulong ito in mastering journal entries. Makukuha mo din yan thru paulit ulit na pagpractice.
Thank you so much sir.
You're welcome, Mary Grace 🙂
Thank you masasagutan ko na module ko😅😅😅
You're welcome. Mag aral nang mabuti 💛
It helps me a lot thank you for this tutorial :)
You're welcome, Janeia. We're glad it helps. Mag aral nang mabuti ❤️
Big help po haha, kasi ang bilis mag explain ng teacher namin😄😑
Salamat Razer!
Ang galing mo mag explain sir.
Salamat din! Masaya kaming makatulong sa pag aaral mo 🙂
hi sir,, included po ba sa total asset ang contra asset at accumulated depreciation?
Sir Good day ulit … tanong lang po if yung salary expenses pang pasahud sa worker need paba ng mga recibo yun? Or payslip nlng for evidence lang na May sinasahuran po …
Ano po debit and credit na account title for this transac.?
Example:
Consulatancy services rendered to codak company on account, P100,000.
thanks very helpful
Thank youuu so much sir!!!! ❤❤
You're welcome, ajmylovess 🫶
Hi sir , my favor po sana . My video tutorial po ba kayo kung paano po yung pg journal entries sa mga account kung paano po ito ma identify in every entries kung saan po ba ilalagay sa debt po ba or credit . Minsan kasi po dyan kasi mg kaka mali sa pg entry kung saan ba ilalagay minsan kasi nalilito sa problem sa transaction po . Sana po meron kyo kasi po pg na master po yung entry oke na po maganda kasi yung tutorial nyo po kasi po tagalog version mas lubos na ma unawaan tlga po . Salamat po
Hi Senorito King! please visit basic acctg playlist. Nandun ang mga explanations. 😊 Happy watching while studying!
@@FilipinoAccountingTutorial sir sorry po ha medyo nakukulangan lng po kasi ako di ko pa lubos ma intindihan. Yung pina nuod ko po ma video yung ky GEVERA WADING CONSULTANT yun po medyo na lito po ako kung paano ba mg entry ng account kung in every transaction po sa date what I'm trying to say sir yun bang kung paano ma identify na ito ay sa debt ilalagay or sa credit dahil ganito ay , prang ganon sir. Gusto ko sana master yung journal entries po pasensya po sir ha .😊
@@junesolon4356 hello! Ok lang yan. Karamihan naman ay hindi agad makukuha ng students sa isang upuan lang ang discussion ng acctg topics. Kaya need magpractice ng paulit ulit para mamaster. Please watch nalang our basic acctg playlist. Nakaarrange na doon yung topics.
Ask ko lang po 💖 what if ganito po yung statement :
- Purchased Medical Equipment from Rievera Medical Supplies for P 90,000 Terms 50% cash, balance payable in two installments, the first installment due at the end of the month.
Ayan po.. thankyou po
Sa may 31 po, hindi po ba yung payable yung debit? Kasi po naing debit ulit yung expense edi nag increase po yun, e di ba po binayadan na yun?
like how much po yung maximum ng accounts payable at minimum po ng notes payable?
thank you po! Ask lang po dun sa may 31 27:21 , bakit utilities expense ang debit, di po ba dapat utilities payable dahil nakapagbayad na sya?
Ito ay dahil ang assumption is nareceive and binayaran on the same date yung bill. Hope it helps, rout! 🙂
Request po about SCFs both direct and indirect method. Thank you!
Hi keandval! Noted ito. Magandang topic yan. Thanks!
Struggling to search for Bills of Exchange and Promissory notes process. Please help. Hope there is a summary in local. Thank you,
Kuya, ask ko lang po if ano yung explanation if nagpurchase ng transpo equipment na may downpayment pero may notes payable rin? Thank you!
Hi, Good afternoon Sir. I am grade 11 and I don't know so much in accounting. I am confused what is the difference of accounts payable and cash?? Thank you for answering. Your content is so much help for students in online class.
Ang Account payable ay utang sa Tagalog, mag decrease ng Cash.
Thank you i really learned alot
You're welcome uber!
thankyou for making this video
Welcome Ichan😊
Thank you! Request for merchandising. I'm so bad with entries particulars
Example : June 30 : Sold merchandise on account, P30, 000, n/30. The cost of merchandise sold is 15,000.
June 31: Paid the following : Salaries P5, 0000; Advertising P2, 000; Rent P 3,000; Utilities P 1, 000
Required:
Journal Entries
T Accounts
Trial Balance
Income Statement, Statement of Owner's Equity and Balance Sheet
Willing to help po hehe
Sure Jarrell. Gagawan ng video iyan soon..
Hello po...meron din po ba kaung video para sa inventories at intangible?
Hi Naneth, soon.
Thank you for Sharing po💙
You're welcome, Rosalinda. Mag aral nang mabuti 🧡
Sir! paano po mag record sa special journals???? naguguluhan po kasi ako ehhh at ano po difference ng pag record ng periodic at perpetual systems sa special journals????
Sir sa loan payable po kung 20k sa debit tapos 100k po sa credit imiminus lang po ba yung 100k sa 20k or baliktad po?
Tnx coz it helps a lot.
Sir good day thanks sa video it helps me a lot.. tanong lang po sir Kasi newbie po ako sa accounting.. sir yung journal entry po sa first beginning po tagala ng transaction sa business bago pa yung mga daily sales na I-journal din? Or ibang journal din yung susulatan sa daily sales.. I mean kasi sa video nyo nag simula talaga sa Capital… so dyan ba talaga mag simula ang lahat bago pa yung mga sales or kita ng business plss help po..
Hello jefford.
Yes, most of the time ang mga naka record sa journal entry sa mga business na kakatayo pa lang ay yung mga transaction na nangyari in establishing your business.
Now as to recording of sales, depende. Yung mga small businesses usually sa general journal rin nirerecord yun. Yung mga medium to large businesses may bukod na journal para sa mga daily sales nila, tawag natin dun is "sales journal"
Hope it helps 🙂
@@FilipinoAccountingTutorial hello sir … katulad po sa akin sir binigay sa akin ng BIR ay tatlong books , journal , ledger at columnar … so bali po sir yung e record ko lang dyan sa journal is sales? Sa ledger is purchase at columnar is expenses… ? So yung Journal na for financial transactions ibang book yung or pwde sa excel nlng … kasi small business lang po ako sir na tina try ko mag bookkeeper sa sarili kung business… sana ma liwanagan po ako sir ..
Hello jepoy bago ka namin bigyan ng clear answer. Maaari ko ba malaman ang description ng tatlong books mo? Makikita mo ito sa unang pahina na may tatak ng BIR.
Gusto ko malaman ang exact description para mabigyan kita ng clear answer 🙂
@@FilipinoAccountingTutorial maraming salamat po sa mga reply mo sir… nakita ko na sir dalawa lang binigay sa akin ng BIR noong bumili ako sa kanila.. isang columnar ( 3 columns) RECEIPTS nakalagay at isang columnar ( 12 columns) Disbursement… tama ba yan sir ? Paano if yan lang binigay? Ano ba gagawin ko? Pwde naba dyan ako mag base pra gagawa ng Financial Statement for Annual ITR? or need yung Journal at Ledger.?
Hi sir😊tanung ko po sa pagbookeping po ba ung sa may 1 po debit prepaid rent credit cash ay sa cash disbursement po ba cya I record then I adjust po cya sa general journal bgo po I posting sa general ledger..confirm q lang po sir nalilito po q sa account title eh😊salamat po
Hi po sir ano po ba ang meaning ng invested in the business personal weapon ano pong account eto sir?
Need pi ba ng sunod sunod na date???
Hello po sir. Hindi po ba dapat na ang explanation ay written on the extreme left of the next line below the credit?
hello po sir, ask ko lang po yong may 30 sa credit side, accounts receivable? di po ba sya service/consultant revenue?
Hello Janeseu. Kaya A/R kasi naperform na yung service nung May 19, but on account so utang ng customer yun. Yung customer nagbayad noon May 30 kaya credit a/r. Hope it helps 🙂
Step 3 kuya wala pa naman heheeh excited na kasi ako eh
Hi Jester! Malapit na iupload ang step 3. Thanks!
Buti nalang nakita ko to🤣 currently reviewing for tesda assessment. 4-5 year ko nang hindi na papractice to kaya kinalawang na.
Goodluck on your tesda assessment, sebastian 🙂 Hope this video lesson will help you ♥️
bakit po naging utilities expense ang may 30 worth 1400, tapos pagdating sa t-account naging utils payable na?
Thanks for sharing man!
Welcome Rey!
Sir you’re the best!!!!
Thanks Annalisa sa pag appreciate 🥰
Good day sir..paano Po pag ganito
Billed customers for cleaning services rendered 22,50.. salamat po
thankssssss for this videooooo!!!!!!!!!!!!!!!!!!!
Welcme Raxxan!
Hi sir pwede po bang mag tanong, sa may 15 po, bakit po 10,000 lang kung 3 clients po yung nag bayad in advance? Salamat po
Need po ba itotal yan every end of the month? Salamat po sa sagot
Lakas amats ni sir yung mismong given pinang activity
#tamad
Hello Sir, thank you for sharing your expertise, malinaw po ang explanation, meron lang po ako katanungan kasi na-confuse po ako, doon po sa transaction ng May 15, "The entity is earning additional revenues...... Received 10K advanced fees for three (3) clients referred", bakit 10k lang nirecord you, bakit hindi 30K (3 clients X 10k) at doon sa transaction ng May 31, "Settled the electricity bill of 3K for the month". Bakit po na-debit and Expenses? Settled meaning binayaran ang aking pagkaka-intindi. ang ginawa ko kasi ay nag-credit ako sa A/P (Electricity bill). Thank you po.
You're welcome, robert. Hope this video will help you 🙂 mag aral nang mabuti ♥️
'Yung 10K is aggregate na iyon for 3 clients. No need to multiply 🙂
'Yung electricity bill kasi "settled" ang term and you are correct, pag settled meaning binayaran. Kumbaga ang nangyari jan is pagreceive ng bill ng kuryente, binayaran agad ng business 🙂
Hope it helps, robert.
@@FilipinoAccountingTutorial oh ok, binayaran agad pala ung electricity bill. Akala for the next month ung bill kaya nilagay ko sa A/P. Thank you.
Yes, robert. Gawa ng term na "settled" 🙂 Your analysis might be correct din naman na credit to A/P kung ang transaction is "received bill" lang and walang sinabi na settle or paid. 'Yan ung instance na nagccredit tayo ng A/P and debit expense account.
Thank you po!
You're welcome, heart. Hope it helps 🧡
Ayan na pala...
Ask LNG po Paano Kapag Ganto "F. Cruz paid the full amount due"
Yung Debit Po Ba "Acc Payable" then Yung Cre "Cash" ?
Hi po ask ko lang kung paano kapag yung bus po nagpay ng personal liability, ano po yung journal entry?
Ask Lang po, ano difference ng: •notes payable & accounts payable?
•Withdrawals & Drawings
Thank you in advance!
sa pagkakaalam ko accounts payable is short term na utang lang while si notes payable pwede tumagal na pagkaka utang.
Accounts payable- utang ng business na usually connected sa normal operations nito
Notes payable- mga utang na supported ng promissory notes.
Account title and explanation po talaga ilalagay? What about po sa Particulars?
Ayan po ang naturo samin
Yes. Ayun naman talaga ang content ng journal entry.
May mga nagamit ng ibang terms like "particulars", "account/explanation". "account/description", pwede rin naman yun.
Ahh ok po..
Pwede po ba kayo gumawa ulit ng sa Ledger with Explanation naman po sana dun po kasi karamihan nalilito.
This is helpful
Hello po.. pano po pag nag issued check in payment in (date of transaction) lng po?
May financial transaction pa po ba dun tulad sa nag hired lng sa example??
Oo. Kung ang transaction ay issued check in payment of, may financial transaction na nangyari.
@@FilipinoAccountingTutorial
Thank you ginamit ko po ung sinabi nyo.. tama po. ❣️
no need napo lagyan ng unit? (peso sign)
Hi po! kung may 31 po ba marereceive ang bill for utilities, need pa po ba 'yon ng journal entry? or adjusting entry na lang po?
Hello Hanabi. Most of cases adjusting entry na yan kung May 31 na dumating yung billing. Hope it helps.
Hello po sir, bakit po account receivable po yung title account ng MAY 19? bakit hindi po cash?
Thank u in advance po
Kasi billed pa lang meaning di pa nagbabayad yung customers ng cash. Billed means the business entity sent a bill reminding them to pay for the services na tapos na ma-render kaya Accounts Receivable pa lang sya. Sana makatulong sayo.
@@annamargaritatuazon652 thank you so much ma'am. It helps💗
thanks po kuya ❤
Welcome Carol!
needed or required pa ba lagyan lahat ng explanation? 10:17