Periodic and Perpetual Inventory System (Merchandising)

[@MarcoSantos-p6f]

I've got a quiz tomorrow and I'm totally lost. this vid saved meee. Thanks a lot!

[@zaynzepeto3181]

done na po kami sa service teacher Jade, request po upload for more merchandising

[@japhte7594]

Thank you Teacher Jade. Im hoping for more accounting lessons update from you beacuae they help us a lot. God bless you.

[@vicsy1129]

Ma'am Gusto ko po sana mag karoon ng format mo ng inventory para mag karoon ako ng guidelines.. Sobrang na appreciate ko yung pag tuturo mo very detailed 😘😘😘

[@mai_yumeanime1416]

Thank you so much miss. You’re a very big help for me. The clear and precise lesson/video, really helps me a lot.

[@ilearnwithstar4389]

Hi teacher Jade. I watched a couple of your videos and I really find them helpful in enforcing my knowledge about bookkeeping. Thanks a lot.

[@fluffyy962]

Hi teacher jade, thank you sa mga accounting lesson mo it helps me sana maka upload kapa ng madami kada mag search ako ng accounting lesson automatic na tinitingnan ko if meron kang upload na discussion nun kasi yung sayo yung mas naiintindihan ko hehe❤️

[@zephvictor5306]

welcome back! i used your videos to review my shs lessons when i just started my freshman 1st sem! it helped a lot po! thank you!

[@marvincruz1773]

Thanks Ma'am. Taking Bookkeeping right now and your videos really helps.

[@enaehj]

Hi good afternoon Teacher Jade 😇 Napanuod ko lang Po Ang vide nyo about sa Journal .Interesado Po akong matuto lalo nat malinaw at maganda Po kayo magpaliwanag lalo na smga kagayaq mahina ang understanding sa English 🤭.Kaya Po akoy nagsubscribed na at papanuorin ko Po lahat ng video nyo Kasi Po Ako ngaun ay nasa Evening Class ng Bookkeeping .ALS Graduate Po Ako ng 2015 aminado Po Ako na mahina Po Ako sa kwentahan pero naniniwala Po Ako na Ang lahat Naman ng bagay ay natutunan 😌at willing to learn Po 😇.Maraming Salamat po sainyo Mam 😊... May God Bless You Po 🙏...

[@bananaur572]

Thank you so much Teacher Jade! You’ve been a great help po for me. Can you please keep posting accounting topics po? Like Merchandising business din po pls pls pls😭

[@JeremieMamugay]

Thank you ma'am 😊

[@Roberto-fx6hk]

Hi po more accounting po magaling po kayong magtuto

[@anikkaraguindin6775]

Welcome back teacher jade😭❤️

[@andreapecadizo5618]

Teacher jade, sana po maka pag upload na po kayo ulit. Sana po yung topic na Financial Statement Analysis

[@askchard]

kailangan ko talaga to kasi mag eexam na kami for nc3🤭

[@lriver186]

Hi Teacher Jade! Paano po kapag ganto lang po: Sold 17,000 on terms 50% downpayment 2/10 n/30? Wala pong given na original cost, paano po marerecord sa COGS and Inventory?

[@denzilgandia8301]

Video tutorial naman po sa prepare sales budget thank you po

[@jeanemilyaclan2882]

hi po. Question ko lang, diba po periodic is low price, high volume na products such as supermarkets, grocery stores

[@AyaAdachi-i3b]

8:38 Hindi po worth 600 yung returns na ileless sa 8000 na sales?

[@PhilExBacoorCavite]

@teacher jade, question ko rin po ito. Di po ba 600 po yung niless sa 8000? Yun po kasi yung sales. Cost of goods naman po yung 500.

[@thetruthph1]

ayoko na ng accounting tama na tiger

[@natashatanallon8013]

Can I ask maam kung ano po yung initial deposit under savings account?

[@ophylescalatrava4237]

Hello poh.. Like your content poh Teach.. Pwede poh bah mag request about Personal Finance?? BE 112.. Thanks poh Teach.. .☺☺

[@justinemaeochaque5486]

sana po masagot niyo po tanong ko! may ncIII po kasi ako this coming Friday. Ask ko lang po if need ng income summary sa perpetual? and kailan po siya kailangan if need ng income summary?

[@gelaco9388]

Hello p Teacher Jade, ano pong type ng company si Chimei Company? Thank you and pwede po macop this financial statement since my prof is looking for a audited financial statement po and need po ng references and citation.

[@germelinasheilayap3159]

Thank you po

[@Palatik788]

ma'am paano po kung may damages sa inventory? Ex. Nasira dahil kinain ng daga at naabutan ng expiry date. Ano po dapat journal entry?

[@pwendysdwen9636]

Hello po Pwede po ba akong Mag set ng meeting tungkol po sana sa pag kuha salary tax and pano po makuha yung total debit credit?

[@dhangski1742]

Hi Ms Jade ask ko lang po sana ang tamang journal entry kapag Jan30 : Paid 50% Dpayment - issued Collection receipt (20k) Feb2 : Paid 50% upon delivery issued Sales Invoice (Sales 40K) & Collection receipt (20k) thank u po

[@Hi-ln9kr]

Wala na po kayong upload?

[@vivialynramos7439]

About bookkeeping po.

[@dumbaybay4359]

ma'am pano po pag ganito? November3: Purchased merchandise inventory on account from Maritess Ap-parel.Total cost was ₱24,500.Terms: FOB Destination 3/10 net 45. The pur-chase is recorded net of discount.... November5: Goods ordered last November 3 arrived at the Run Pro warehouse.

[@irisgutierrez1589]

As a Bookeeper, you have to record or jounalize the purchases once you received the Items Purchased. You cannot record the purchases net of discount because you didn't know yet when the exact payment the owner would be to his supplier. If within10 days, there's discount; if the payment is beyond 10 days, no discount.

[@irisgutierrez1589]

The transaction is FOB Destination...meaning the buyer (Run Pro) own the Goods on the date of destination which is Nov 5. So, on Nov 5, the time Run Pro record the transaction in Periodic System by a Debit to Purchases and Credit to Accounts Payable. In Perpetual System, Debit to Merchandise Inventory and Credit to Accounts Payable.

[@Bimkot]

Freight In / Transportation Expense Purchases Purchase Discount Purchase Return and Allowances These 4 will be changed to " Inventory " if you'll apply it in Perpetual Inventory System

[@NajmahKhalishah]

No it's periodic

[@gabrielleianrivera1676]

Hello Teacher jade, I have commented on your video about balance sheet, I hope you will notice me po, I have a question po if hindi po ba talaga ilalagay yung mga expenses sa balance sheet? to be specific po yung mga salaries expense, utilities expense and such, Thank you po ma'am

[@irisgutierrez1589]

Ang mga Expenses ay doon lang ilalagay lahat sa Income Statement dahil sila ay tinatawag na Nominal or Temporary Accounts dahil ang mga ito ay may mga specific periods or (from this period to that period). Kung babalikan mo ang heading ng Income Statement ay ganito halimbawa: CRUZ ENTERPRISES, Sa second row...INCOME STATEMENT. Sa third row...FOR THE PERIOD JAN 1 to DECEMBER 31, 2021. Ganoon yon. Ang Balance Sheet naman ay tinawag na Permanent Account dahil ang mga account na ito ay continuous ang balances o amount nila. Ang ito ay mga Assets, Liabilities at Capital. Sa heading ay makikita mo: BALANCE SHEET...AS OF DECEMBER 31 2021. Ibig sabihin ay kung ano ang Cash no sa Dec 31, 2021 ay yon yong i-report mo as a Bookeeper. Kasi kinabuksan dahi sa continuity nito ay magbabago na ang amount kinabukasan.

[@redusebluess9849]

gawa ka po series video about accounting cycle

[@TeacherJade]

meron po check from the start

[@juliemaryanson1925]

Thanks for the inspiring videos... Can you give also examples for Depreciation Entry... Thank you po

[@tabulaopatriciaannc.4509]

Paano po nalalaman pag accounts payable?

[@irisgutierrez1589]

Ang Accounts Payable ay related ito sa pag-acquire ng Merchandise at kahit anong bibilhin basta utang. Kapag mag-increase ang A/P, ito ay Credit. Malalaman mo na ang binili mo ay A/P dahil nakalagay sa transaction na "on Account" if wala ito tingnan kung may terms at makikita mo sa transaction ang "2/10, n/20. Kung wala yong dalawa at ang transaction ay silent o walang nakalagay na cash, ibig sabihin lamang niyan na ang transaction mo ay CASH transaction.

[@nayrbmik6388]

Hi maam may example ka po ba sa account receivable may beginning

[@irisgutierrez1589]

A/R beg. (ex.Dec.31 2021) Add A/R Jan 1-31= Total, Less Collection Jan 1-31=A/R end (ex.Jan 31, 2022). Ito halimbawa lang kung ang BS mo ay As of Jan 31, 2022. Ang amount ng A/R sa Balance Sheet (BS) as of Jan 31, 2022 ay ang A/R end Jan 31,2022.

[@redusebluess9849]

accounting for partnership naman po

[@bellecaponestv2773]

tanong ko lang po if this is the problem for example " SOLD MERCHANDISE ON ACCOUNT LIST PRICE ₱18,000, FOB DESTINATION, TERMS: 10, 5 ; 2/15, 1/20, N/30

[@TeacherJade]

dr. A/R - 18K cr. Sales - 18k

[@bellecaponestv2773]

@@TeacherJade for example po yung date po is Dec. 5 ng SOLD MERCHANDISE ON ACCOUNT then Dec. 16 COLLECT IN FULL ano po yung Journal Entry niya?

[@TeacherJade]

@@bellecaponestv2773 Dec 5. Dr. A/R Cr. Sales Dec 16. Dr. Cash Cr. A/R

[@bellecaponestv2773]

@@TeacherJade hindi po ba makaka avail ng discount?

[@annwonder1885]

ma'am ano po name niyo sa fb?