Basic Accounting | Accounting Cycle Step 10. Reversing Entries are Journalized and Posted (Part 2)

[@strawberrymoon1323]

Thank you po sir!

[@FilipinoAccountingTutorial]

You're welcome, Jonathan 🙂 Hope this video will help you ❤️

[@aliyahhh2300]

Thank you po!

[@FilipinoAccountingTutorial]

You're welcome, aliyahh 🙂 hope this video will help you ♥️

[@patrickvalimento9744]

16:50 tanong ko lang sir, dba optional lang ang pag gawa ng RJE, bat sa part nato parang lumalabas na magugulo yung accounting records pag hindi gumawa ng RJE, hindi ko talaga maintindhan yung RJE. Pwede kuya pagawa ng example sa ginawa mong example, kung ano effect pag hndi gumawa ng RJE. Kahit comment nalang po..God bless po at Salamat

[@FilipinoAccountingTutorial]

Hello Patrick! Yes, RJE ay optional. Kung hindi gagawin yung reversing entries, dapat palagi iconsider yung ginawa mo na adjusting entry ng last accounting period. Katulad ng nasa video at hindi nagreversing entry, possible na marecord mo as expense ng June yung expense ng May. Hope it helps.

[@jhoevelynnuelan65]

Sir, regarding po sa reversing entries sinabi niyo po na it only subject to expense method and income method. Then, what if po kung yung pinili ng entity na gamitin is asset method and liability method ibigsabihin po ba nun unnecessary na po yung reversing entries???

[@FilipinoAccountingTutorial]

Hello jhoevelyn. Yes, kapag asset method and liability method, no need reversing entries. Hope it helps.

[@jhoevelynnuelan65]

@@FilipinoAccountingTutorial Thank you po, it really helps po.

[@FilipinoAccountingTutorial]

You're welcome, jhoevelyn. We're happy it helps. Mag aral nang mabuti ❤️

[@johnkennettesarcadio6145]

Ano po good author for practical fin acc book?

[@FilipinoAccountingTutorial]

Halos lahat naman good author for practical accounting. If limited ang budget, we suggest valix textbooks. Maganda ang valix textbook for practical accounting. Hope it helps.

[@johnkennettesarcadio6145]

@@FilipinoAccountingTutorial thank you so much po. Actually most of the topic na nirereview ko this quarantine mas naintindihan ko po dito. Thank you so much po and surely gonna recommend to my friends

[@johnkennettesarcadio6145]

@@FilipinoAccountingTutorial parang same content lang naman po ang different edition ni valix?

[@FilipinoAccountingTutorial]

We're glad na nakatulong ito. Thanks John! 👍 The best pa din kung latest edition ang gagamitin mo kasi mas updated content nun.

[@renzobabycakes]

Ano po palang nangyari sa debit salaries payable at credit salaries expense po sa june 1? Kailan po siya icoconsider na expense po? Thanks

[@FilipinoAccountingTutorial]

Reversing entry yun to simplify the recording ng expense for the month of June. Expense na yun for May. Ginawa ung reversing entry para hindi marecord ang expense ng May sa month ng June. Hope it helps.

[@renzobabycakes]

Pero po sir kelan po irerecord yung part po na hindi pa po nababayaran ng May po? Dun po kasi ako namomoblema. Parang lumalabas po kasi nabayaran na po yung 3 workings days po nung May. Thanks po and have a nice day po sir

[@mr.k8399]

Same question parang ang gulo nga eh ng posting part

[@Thrive2024]

@@renzobabycakes Tama namn po Debit - salaries payable and credit - salaries expense binaliktad nalng po sila meaning po nyan nag decrease napo yung payable and expense nang business when the month of May Ended.