Basic Accounting | Accounting Cycle - Step 5. Adjusting Entries - Deferrals (Part 1)

[@GTV-kv7he]

Good Job! Please explain the differences among Asset Method, Expense Method, Liability Method and Income Method 😊

[@JessCutarra]

Ito ang unang vids na napanood ko dto sa Filipino Accounting Tutorials kaya na hook ako dto at tinapos ang iba pang vids. Worth it po ng sobra maiintindihan talaga ng sobra. God bless to this channel po

[@FilipinoAccountingTutorial]

Thank you Jess! Pero kung gusto ng student ng mas maikli na version pero informative they can watch your videos instead 👍God bless! More accounting contents pa ilalagay dito, and sana pati sa channel mo 👍

[@JessCutarra]

Thank you po and Waiting po for more updates po Filipino Accounting Tutorial :)

[@leannsese3126]

Thank you po Sir, laking tulong po ito para sakin🙂 Mas natuto pa ako dito kaysa teacher ko

[@FilipinoAccountingTutorial]

Welcome. Masaya kaming makatulong sayo.

[@stephenflorlumapas7209]

Hindi ko talaga ini-skip ang ADS. Para tulong na rin ito sayo sir. Kasi malaking tulong mo samin. Salamat

[@FilipinoAccountingTutorial]

Wow maraming salamat Captain 💛 Malaking tulong yan para sa amin. Stay safe! 👍

[@shey5103]

Grabe thankful po ako nahanap ko tong video na to mas naintindihan ko pa po kesa sa turo ng teacher namin!! I hope you upload more videos pa po!!

[@FilipinoAccountingTutorial]

You're welcome Hershey! More videos pa soon! Stay safe 👍

[@dorzkieee]

Sobrang natulungan po ako ng video, thank you! Please keep making more!

[@FilipinoAccountingTutorial]

You're welcome Adorzkieee!

[@lyraorsos7776]

Salamat po! Ang laki niyo pong tulong sa aming pag-aaral at pag-abot ng pangarap!

[@dellyrosco8253]

Thank you po sir...sa mga explanation ..very helpful for us po..Godbless.

[@FilipinoAccountingTutorial]

Welcome Delly. Msaya kaming makatulong 😍

[@lauradyo8344]

Thank you po Sir for this, very informative po, subrang helpful po sa'kin. God bless po.!

[@FilipinoAccountingTutorial]

You're welcome Laura. Masaya kami makatulong ❤️

[@maxiheince1716]

SIR THANKYOU PO, SAYO LANG JUD NA VIDEO ANG NA GETS NAKO KESA KAY PROF HUHU. NORMAL SIGURO DITO MAG TAMBAY PARA MA ADVANCE NAKIN ANG ACCOUNTING. BILANG PAGPAPASALAMAT SIR NAG WATCH AKO NG TWICE ADVERTISEMENT NITO PO HEHHEHE< THANKYOU PO TALAGA AGAIN SIR

[@FilipinoAccountingTutorial]

You're welcome, Maxi 🙂 Advance study is the key sa accounting ❤️ kaya nabuo itong yt channel para sa inyo na nag aadvance study. Thank you for watching ads. Malaki matutulong nyan sa amin. Mag aral nang mabuti 🙂

[@tinkmisaka7685]

Thanks po! God bless 😁

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Hi Misaka! You're welcome.

[@joannamulles4343]

Thankyouuu pooo sobrang malaking tulong po itong content nyo lalo na po at online po kami ngaun god bless pooo and more contents to come poio

[@FilipinoAccountingTutorial]

You're welcome Joanna. Masaya kami makatulong. More videos pa soon. Sana makatulong din ang iba pa namin na videos sa iyo. Mag aral nang mabuti ❤️

[@carbonellizzieann_bseden_282]

.... Thank you so much po talaga ...galing nio Po

[@FilipinoAccountingTutorial]

You're welcome Lizzie. Hope this will help you in understanding adjusting entries 💛

[@collinarrosas]

Thankyou for helping🤗

[@FilipinoAccountingTutorial]

You're welcome Collin 💛

[@dhenisejanecaragos5813]

Thank you po 💗

[@FilipinoAccountingTutorial]

You're welcome Dhenise!

[@rheinerickaeisma3635]

Sana po sainyo nalang talaga ako nag enroll!

[@FilipinoAccountingTutorial]

Thank you, Rhein 🙂 Mag aral nang mabuti ❤️

[@jedianique]

BUNDIA JEAN A. BSOA-1 Now I've learn about how to prepare adjusting entries for deferrals. The adjustments for deferrals, prepaid expense and the adjustments for deferrals( depression expenses), the preparing adjusting entries at year end. Also the asset method, expense method, liability method and the income method. Thank you for the knowledge.

[@FilipinoAccountingTutorial]

Masaya kaming makatulong 🙂

[@liezleannwayco582]

Pwede po bang gumawa kayo ng isang buong transaction kahit mga basic account lang po gawin niyo po yong 10 acctg. Cycle journalizing po hanggang sa last .thank you in advance po

[@FilipinoAccountingTutorial]

Pwede! Tingnan mo nalang yung basic accounting playlist. Nandun ang ongoing na discussion ng Accounting cycle ng isang entity.

[@henysenon5432]

Thank you po Sir 😊

[@FilipinoAccountingTutorial]

You're welcome Heny 💛

[@jhoninamichellequintans7038]

Thank you! Very helpful ❤️

[@FilipinoAccountingTutorial]

You're welcome Lil bunny!

[@fredzarmain5941]

Thanks po dito ❤️❤️❤️❤️

[@FilipinoAccountingTutorial]

You're welcome Fredz 💛

[@milantindoy2135]

Thanks po coach huhuhu pinahirapan kami Ng prof namin kaya pag di ko niintindihan sa inyo po ako nanonood Sana Kayo nalang po prof namin😁😁

[@FilipinoAccountingTutorial]

You're welcome milan. Mag aral nang mabuti. Palagi makinig sa prof nyo 💛

[@shaoripon]

Maraming salamat pooo

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Welcome Shandy!

[@madridjericcyrusj.3840]

Salamat idol Lav u❤️

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Walang anuman Jeric ❤️

[@danielafamilaran9760]

Bakit naririnig ko si Sir Fonte hala nakakamiss magturo si sir

[@FilipinoAccountingTutorial]

Haha may ka boses ba ang ating lecturer? :)

[@danielafamilaran9760]

Meron po yung teacher namin dati sa accounting ❤️

[@jpyatco6476]

Big help po💖

[@FilipinoAccountingTutorial]

Thanks Jp. We're glad it helped.

[@itsmeLey_]

Ruben Calawan Jr T. Thanks PO! God bless

[@prplhrt8767]

statement of profit and loss po sana

[@christopherianbuquia9480]

salamat sir

[@FilipinoAccountingTutorial]

welcome christopher!

[@remarmamites2466]

Can you please allocate my heart were he goes😂 heheheh Thank you for the great virtual explaination sir😁 And Godbless ...

[@FilipinoAccountingTutorial]

Hello Remar. Sorry pero we are not in the position to do such allocation. Hehe. You're welcome. Mag aral ng mabuti and stay safe 💛

[@jonugh.]

Thanks

[@FilipinoAccountingTutorial]

You're welcome Jonalyn!

[@rommelcastro1055]

14:50 hanggang sept. 30, 2022 lang po talaga? Hindi pupwedeng Oct. 1, 2022 magtatapos yung prepaid insurance period?

[@rommelcastro1055]

++ or may effect po ba if Oct. 1, 2022 ang ginamit?? Kung sabagay isang araw lang naman po, ano?

[@happylanesph8289]

Usually kasi sa end of the month/year mag rereport. Pero same lang naman yung computation wether Sept. 30 or Oct. 1, isang buong buwan parin yung count dun.

[@rommelcastro1055]

Aron Sedrick Caminong ah, salamat po!

[@ronettesegurigan4484]

Thanks ,

[@nikkaaluba9693]

THANK YOUUUU

[@FilipinoAccountingTutorial]

You're welcome Nikka!

[@seanaltomera986]

thanks po

[@FilipinoAccountingTutorial]

You're welcome reyxsean!

[@jullieonee.raagas7391]

Sir, may video po ba kayo about double rule?

[@ashleycastro7403]

Kuya, yung Dec 31, 2021... anong entry po doon if Income Method? No entry na po?

[@rheavillanueva3610]

salamat po sa lesson 😁 sana po next time wala pong pause sa explanation, salamat po more powers

[@FilipinoAccountingTutorial]

Hi Rhea! What do you mean sa "pause"? Napapagod din po kasi ang ating lecturer mag salita. Please bear with us na lang din. Thank you!

[@angelorocafort7041]

@@FilipinoAccountingTutorial yes tama si teacher okay lang naman mag pause kasi di naman po nakakaapekto sa pagtuturo ni teacher kasi malinaw pa rin naman po siya magsalita :D

[@erickjames2949]

Lecturers are human too. Hindi sya robot para masunod yang gusto mo, be thankful na lang at wag na magsuggest ng non sense. 😊

[@wencircs9270]

for the next accounting period, how to journalize the unexpired portion and expired portion under expense method? Since we had already set up an unused portion of prepaid insurance on the first year of accounting period, the way I see it is mag.iiba ang method to use for the next accounting period...please enlighten me sir..thanks much!

[@FilipinoAccountingTutorial]

Hello Wen. This is a very good question. Wala pa kami video about sa ganitong question. Hehe. We will do video about this early next year. But to give you an idea kung papaano, you should know reversing entries muna para masagot itong question mo. May video tayo dito about reversing entries dito. While wala pa kami videos dito sa tanong mo, we will charge to you muna kung paano ang entries for next accounting periods 💛

[@parkhyungseok7565]

hello po, paano po na calculate yung september 30 2022?

[@yasheraa.8295]

Hi po! Do you provide free handouts po? The one in the video hehe

[@AngelicaSabino-uk7nt]

good day sir, where po makahanap ng written learning materials katulad sa inyo , hindi ko po gets talaga accounting and new lang po ako nakadiscover sa video niyo po, i find your learning materials na organized and maintindihan ko po lalo na sa explanation niyo po sir kasi sa internet puro ramdom po kasi at ibaiba po yung difinition which is nalilito po ako , hope you will notice me po . god bless

[@FilipinoAccountingTutorial]

Hi Angelica! Thank you for watching my video tutorials! 🙂 Hope my tutorials help you in your studies! ❣️ About sa materials, im currently working on compiling ng lahat ng materials ko sa video tutorials ng basic financial accounting and reporting, including ito. Iuupload ko ang link sa aking facebook page for you to download. Sa facebook page ako naguupload ng mga materials 🙂 In addition, nakalagay sa description ng video tutorial yung textbook reference. Hope it helps! ❣️

[@remierosecocolan161]

Ahh so iyong deferral ay all about mga prepaid in an owner's POV o iyong mga expenses that takes a period of time to be consumed.

[@shairabondoy7571]

iaadjust parin po ba yung prepaid rent if 3 days palang after magbayad for 3 months advance? For example Oct. 28 nagbayad then adjusting entries na po sa 31.

[@louiejohnlybaga2439]

ano yung palatandaan kung kailan gagamitin ang asset at expense method?

[@jherricotalatagod7042]

Kuya, Yung gamit mo po na paper sa pag-discuss may soft copy ka po niyan? Pihingi po.

[@aprille_maybalasabas]

EN FABM lang malakas 🔥

[@FilipinoAccountingTutorial]

Mag aral nang mabuti April para mas lumakas sa accounting 💛

[@aprille_maybalasabas]

@@FilipinoAccountingTutorial noted po kuya. By the way, salamat nang marami sa video tutorial nyo po. More speed and God bless you.

[@evanderpagne1207]

san po discuusion ng errors in a balance ng trial balance

[@권순영호시]

accruals po please

[@jennyobdam9213]

Sir I have question po regarding sa revenue recognition, I hope you can help me 🙏 Here's the statement of the transaction po. On Feb. 28, 2016, Computer shop recieved payment from Carlos amounting to 25k. This payment is for the repair of the computer units of Carlos on March 5, 2016. Diba po Cash and iDebit which is 25k? How about sa Credit, anong account title po ang ilalagay ko? Service Revenue po ba? Maraming salamat po🥰

[@FilipinoAccountingTutorial]

Debit is correct but the credit is not revenue. Hindi kasi pwede magrecognize ng revenue ng walang service na naperform 🙂

[@markvalenzona123]

Hello po, mag tatanong lang sana ako about prepayments po,,,, If transaction about 1-year insurance was made at the middle of the month po like April 15, How do we make an adjusting entry po? Do we count the exact days? or will we see April 15 as 1 whole month for the month of April? Thank you po in advance

[@zyraenciso]

half lang po yun so kung per month 5K, 2500 lang ang for april.

[@envykisama297]

Pwede po magtanong? Pag ganto po ba yung problem irerecord po sya? ABC Company hired BTS to be their endorser of XXX clothing. What should the company record in its journal?

[@belloerickaanned877]

Hello po ang alam ko po, hindi na yan nirerecord kasi hinire lang naman po nila. Wala pa pong transaction regarding sa money.

[@envykisama297]

Thank you po

[@perilloadelak.3609]

Sir, isang accounting period po ba ay consist of 1 year po?

[@asiagracecoro3739]

it depends po. merong every month, every 3 months, every 6 months, every year.

[@denisseandreasy6944]

bakit po sa book imumultiply yung 3 months and divide to 12 months?

[@pandapoo5812]

Where to buy the textbook sir? Btw nice video thank you so much

[@kuyapayaso5621]

Meron na po ba kayong PDF ng tulad po nung ginagamit niyong paper for definitions ng accounting terms? Kung wala pa po sana magkaroon for reading purposes lang po sana

[@FilipinoAccountingTutorial]

Hi! Consider namin itong suggestion mo.

[@asiagracecoro3739]

sir, oo nga po! i'll wait po sa PDF :))

[@donnellinot7243]

sir pwede po kayu gumawa ng video accounts payable yung pag record at saka pag gawa ng check voucher

[@FilipinoAccountingTutorial]

Hello Donnell! Thanks sa suggestion, sure! 👍 gagawa kami nito pag nagkaroon kami ng practice set.

[@bobadillajankylas.7834]

Hi po ask ko lang po? Paano po naging September 30, 2022 po? Salamat po sir!

[@teachercarla9043]

Step 6-10 po please.

[@FilipinoAccountingTutorial]

Hello carla check our fundamentals of abm accounting cycle playlist. Nandun ang steps 6 to 10 🙂

[@vibevree4943]

hello po sir, what will happen po if for example sa adjusting entry sa nov. 1 ang debit ay insurance expense tapos po sa nov. 5 debit na naman ay insurance expense, pano po yun? if i record na siya sa worksheet po? i add po ba ang amount po?

[@vibevree4943]

tapos maging negative po ba siya po?

[@smilinandlaughin]

Same lang po ba ang Accrued Interest Receivable and Interest Receivable po? Kung hindi po, ano pp pinagkaiba nila?

[@bumblebee8268]

Accrued interest recognized revenue but interest not earned yet. Accrued interest receivable, in lenders point of view recognize the interest but borrower haven't paid the interest to the lender.

[@janheartnazarenelayoso408]

di ko pa rin po nagets hhuhuhuhu

[@charlesheculi4653]

Boss pano po mag journal ng adjusting entries ?

[@FilipinoAccountingTutorial]

Hi Basketball! May adjusting entries kami dito na videos. Hope it helps you.

[@jnssnj5341]

Ano po ang difference between deferral and prepayments?

[@bumblebee8268]

Prepayments are current asset. Deferrals are long term asset.

[@rojieannsequito8187]

3 years from october 1,2019 bakit po sept. 30 2022?

[@gracedalena8581]

Pwede po ba manghingi ng soft copy niyan?

[@eira1858]

hello po. paano naman po kapag magaadjust pero walang sinabi kung anong method gagamitin? ano po ang gagawin?

[@FilipinoAccountingTutorial]

Hello toph. Kapag hindi sinabi kung anong method, may mga indicators naman yan para malaman mo kung ano ang method na ginamit. Examples ng indicators ay ang pagsilip sa given na balance sheet. Hope this will help.

[@lennon4015]

Yung Hindi natapos lesson namin. Hindi pa umabot rito. Goshh, self-study nlng.

[@FilipinoAccountingTutorial]

Kaya mo yan Karyuel! 🙂

[@lennon4015]

@@FilipinoAccountingTutorial Thank you po🥰❤

[@troylouis1476]

Ako si sir

[@ronettesegurigan4484]

Patanggal na lang po kaya yung sub sir, d ko pa making pag sa baba na, thanks po

[@FilipinoAccountingTutorial]

Hi Ronette. What do you mean na tanggalin ang sub? Wala naman kaming nilalagay na any sub sa mga vids namin.

[@emillelee5999]

Tanggalin mo ung captions

[@charliecharm77]

MERON. NA PO BA KAYO NG 10 COLUMNS PO

[@FilipinoAccountingTutorial]

Sa ngayon wala pa, pero gagawin din namin ito.

[@jedalynkayepampliega6157]

HOW TO AVAIL TUTORIAL PO?

[@FilipinoAccountingTutorial]

Hello Jedalyn. Free access lahat ng tutorial namin dito sa youtube. Please see playlist. Hope it helps.

[@airagula1583]

Thank you po ❤️❤️