Basic Accounting | Accounting Cycle - Step 5. Adjusting Entries - Deferrals (Part 2)

[@remierosecocolan161]

Mas ginagamit sa school namin yung asset method. Ang asset method ay nirecognize of what is gone tapos yung expense method ay iyong what's left

[@jellianvinceignacio]

The best tagalog teacher in Accounting ♥♥♥ You simplified everything sir, just like how I do. Thankyouuuuuu

[@FilipinoAccountingTutorial]

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

[@lpf-q5e]

Midterms quiz ko in 2 hours and this just saved my life. Thank you sa simple explanation Sir😭😭🙏🙏❤❤

[@FilipinoAccountingTutorial]

You're welcome, lyn 🙂 Hope this video lecture help you in your quiz. Mag aral nang mabuti and goodluck sa quiz! ♥️

[@sheenanase7706]

Luckily i can download your video incase nasa byahe ako. Thank you!

[@jamescarloamita6710]

Salamat po! Ppt. lang baman inupload ng teacher namin buti may video po kayo.

[@FilipinoAccountingTutorial]

Walang anuman James. Hoping this video will help you. Mag aral nang mabuti ❤️

[@itsmeLey_]

Ruben Calawan Jr. T. Expense side- ang expired means ito portion ng nagamit/naincurred sa Prepaid expenses. Income side- ang expired means ito yung portion na kinita/naearned sa Unearned Revenues.

[@rommelcastro1055]

so basically: ASSET method: used/expired EXPENSE method: unused/unexpired ganto po ba?

[@andrieazambrano7253]

yes!!!💖 hala thank youuuu!!

[@kimberlymaefuentes4473]

Pano po sa explanation? Ano pong account title ang ilalagay? Yung galing sa original entry or yung sa adjusted na ? To adjust the _________

[@glaizsm]

Thank you po sir!! 💛💛💛

[@FilipinoAccountingTutorial]

Welcome ♥️

[@junreycredo7682]

goodluck sa midterm exam next week, ito topic kanina. #onlineclass2020

[@FilipinoAccountingTutorial]

Goodluck and Godbless Junrey ♥️

[@blairejaysonbalbidoparucha5358]

This is very useful. More videos po❤️

[@FilipinoAccountingTutorial]

Welcome!

[@alliahhershieguinialope824]

Thank u Po napakalaking help

[@FilipinoAccountingTutorial]

You're welcome hershie!

[@ladiemaypacheco8879]

Thank you sobrang daling maintindihan♥️

[@FilipinoAccountingTutorial]

You're welcome Ladie!

[@jedianique]

BUNDIA JEAN A. BSOA-1 This vid. Taught me how to prepare adjusting entries for deferrals under asset method and expense method. Under asset method it is unexpired portion and in expense method is the expired portion. Thank you for the help.

[@FilipinoAccountingTutorial]

You're welcome. We're glad it helped.

[@rodelsabeniano2048]

salamat po

[@FilipinoAccountingTutorial]

Walang anuman.

[@michaelcalanog3855]

Thank You Sir 😘

[@FilipinoAccountingTutorial]

You're welcome Michael 💛

[@yannajuarez2943]

ano po ang magiging entry for dec 31, 2020 for asset method po?

[@tinekim1053]

Ano po mangyayari sa cash na recorded sa credit ng GJ and sa T-accounts? Disregarded na po?

[@galuporizbellem.924]

Hello po, nag ooffer po ba kayo ng tutoring sessions?

[@hq8342]

hello sir, ano po adjusting entry sa dec. 31, 2020 under expense method?

[@tracymarie3786]

Hello po pano po irecord ang : Incurred other operating expenses on account during the year that amounted to 80000?

[@alexandriafaustino2827]

Paano po if walang entry? What's the technique to recognize if asset or expense method ang hinihingi

[@gleanjawili309]

hello when the problem is silent use asset method.

[@lofi........]

Sir good am isa pa po hehe, paano po kapag ang transaction is naganap sa gitna ng buwan like October 15 tas ang end ng accounting period is at calendar year, bibilangin pa po ba yung 31st day ng october sa pagdetermine nung no. of days na nagamit ung isabf prepaid expense? Huhu salamat po 😭💗💗💗

[@FilipinoAccountingTutorial]

Hello, lofi: Dapat ang expense is from October 15 to December 31 October 15-31 half month November 1 month December 1 month You analyze the problem baka may other info dyan about sa mga transaction ng gitna ng month. Hope it helps 🫶

[@melalame9270]

sirrr ask ko lang po AJE po ba ng 2020 under expense method ay Dr. Prepaid Insurance 21k Cr. Insurance Expense 21k???

[@FilipinoAccountingTutorial]

Hi Melalame. Tama ang entry mo under expense method.

[@melalame9270]

@@FilipinoAccountingTutorial sir, maya nakapagsabi po kasi sa akin na Dr. Insurance Exp. Cr. Prepaid Insurance daw po Dahil lalo lang daw po madadagdagan si prepaid (sa t-accounts) instead of na mababawasan po siya dahil magagamit????

[@FilipinoAccountingTutorial]

Actually ang adjusting entry ng 2020 ay depende kung may reversing entry na ginawa nung Jan 1 2020. Yung entry na ginawa mo ay tama if may reversing entry. Yung nakapagsabi sau na credit prepaid expense ay tama din if hindi nagreversing entry. Hope it helps.

[@melalame9270]

@@FilipinoAccountingTutorial thank you so much pooo!!! God bless ur heart po, super nakatulong po kayo ❤

[@camilafaustino9376]

How to recognize if expense o asset method ang gagamitin?

[@allisonticman2764]

paano po siya naging Oct. 1, 2019 - SEPT, 2022? bakit po Sept??

[@aazrieli_chanel]

paano po sya naging september 30????sana masagot.

[@zillelog]

Hello po medyo naguguluhan ako. Diba po asset method is yung unconsume while ang expense method is consumed, talaga po bang pag adjusted na ang hinahanap na ng expense method is yung tira or unconsumed tapos po yung hinahanap ng asset method is ung expired or gamit na?

[@laurencefelismino4815]

correct po yung turo ni sir,

[@rheamaepagaduan2059]

How can we recognize na asset method siya or expense method??

[@FilipinoAccountingTutorial]

If ang originating entry ay: Debit Prepaid expense Credit Cash/Appropriate account Yan ay Asset Method kasi Prepaid expense ay Asset. If ang originating entry ay: Debit Expense Credit Cash/Appropriate account Yan ay Expense Method kasi Expense Account ang nasa originating entry. Hope it helps.

[@rheavillanueva3610]

ano po meaning ng expired at unexpired? nalilito po kasi ako :(

[@FilipinoAccountingTutorial]

Hi Rhea! Expense side- ang expired means ito portion ng nagamit/naincurred sa Prepaid expenses. Income side- ang expired means ito yung portion na kinita/naearned sa Unearned Revenues.

[@atheenaena3508]

Hi po, ask ko lang po ano po magiging entry kapag na rendered na po yung service pero yung customer po hindi pa po nabilled?

[@jonugh.]

Accounts Receivable Service Revenue

[@elviratolentino1787]

Ask ko Lang po Alin po diyan Ang pedeng gawin reversing entry? Asset method po expense

[@anikori4887]

Look for any adjusting entries that could increase the value of a liability and an asset. Those are the ones that needs a reversing entry

[@hq8342]

kung may silent problem ano pong method gagamitin?

[@hanag4016]

SIGURO depende sa nature niya. If asset sya then asset method, the same sa expense then expense method din ang gagamitin.

[@shadychannel2782]

Bat wala pong trial balance?

[@FilipinoAccountingTutorial]

Hi Roseann! Please watch ung basic accounting playlist.

[@arcanumvalentines2479]

Hindi po ba sa asset method ang entry sa december ay Dr Insurance expense 1k Cr Prepaid insurance 1k kasi sa every month ka nag rerecord ng expense since na iincurred na siya?

[@meiiii8742]

hi mga mam/sir. hindi ko magets yung sa expense method :(( diba po sa expense principle, nirerecognize lang po natin ang outflow kapag nagamit na. bakit po 33k ang aje?? 😢😢

[@FilipinoAccountingTutorial]

Hi Sheila! Tama, ang dapat nirecognize ay ung nagamit na. Amount na nagamit=Amount ng expense Ok mabalik tayo "expense" method: Initial entry is debit "Expense" Credit cash, 36K Pagdating ng end of accounting period, 3K lang dapat ang expense. Therefore, need natin bawasan ang expense ng 33K, kasi nirecord natin sya nung una as 36K, kaya debit prepaid credit expense 33K Hope it helps.

[@meiiii8742]

ahh HAHAHHAHAAH medyo nahilo ako don. thank u so much po!! ❤

[@meiiii8742]

sirr ang aje po ba ng 2020 sa asset method: dr. 15k cr. 15k expense method: dr. 21k cr. 21k

[@marjiebaguio27]

patulong naman