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....
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 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 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 ♥️
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.
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 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 🙂
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 🙂
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?
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 🙂
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?
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?
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. 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 Okay po. Maraming salamat po kasi ang laking tulong ng mga lecture videos niyo para mas maintindihan ko po ang accounting. 😊
