Perpetual Inventory Journal Entries - with comparison in Periodic Inventory (Explained in Taglish)

[@champeel1116]

thank you po sa mahusay at magandang explanation.. malaking tulong sa akin para maitindihan at magpag aralan ko ung inventory system.lalo na sa modular ko para maipasa ang bookeeping course ko.. thank you sir & godbless

[@abmonlineph6099]

Maraming Salamat din po! God bless po sa pag take ng National Assessment for Bookkeeping!

[@champeel1116]

sir sa trial balance po ba ng perpetual kasama na dun ung MI at COGS?

[@abmonlineph6099]

Yes po kasama po ang MI at COGS sa trial balance ng perpetual

[@renaloudalumpines4412]

Laki naitulong sakin to,lalo na sa bookeeping ko

[@valentinamonteveros]

Thank you ❤❤ Hahah Nagrereview ako para sa NCIII ❤

[@aireenpalima9999]

Hayahay, salamat kaajo Dong.

[@abmonlineph6099]

Salamat din po

[@jennyrosesanchez4556]

Done watching, thank you sir!😊💛

[@abmonlineph6099]

Yahooo

[@hope7212]

thank you po sir yay di nako mag shishift

[@abmonlineph6099]

Yooown congratulations!

[@abmonlineph6099]

Yooown congratulations!

[@marjoriemanuel1891]

Sir pano po kapag ganito yung transaction: Sold 26 calculators costing $23 (including freight) for $31, terms n/30.

[@clairemercado145]

Thank you po! Sobrang nakatulong po

[@illenreb]

Thank you po sir. God bless

[@abmonlineph6099]

Thank you din po!

[@VoteforSeventeen-d4j]

11:34 paano po pag may nakalagay na FOB destination - ₱220? isasama pa rin po ba sa record ito?

[@mitchirishdizon2963]

Done watching powww!!💗

[@TrishaMae-x3v]

so galing mo sir

[@HyacenethJayTorreon-ob1vg]

Sir, ano po ang magiging journal entry kapag may nakalagay sa transaction na "Mark-up for all sales is .."?

[@hannahloveortiz1842]

Sir paano pag ganito ang situation Returned merchandise in cash from ABC company costing 150,000.00 and freight and handling 2,500.00 paano to e solve kasi inisa nah ang freight at merchandise inventory

[@jerrymhitorres9979]

sir, pa'no po kapag walang kadugtong na cost yung given sa sales? may formula po ba na kailangan gamitin?

[@rihannaros9035]

Sir if periodic inventory and gagawin sa Gen journal, pero may cogs and transactions. Hindi ko na po ba i rerecord sa journal ang cogs? And susundin ko ang periodic acc titles

[@Ma.ElsieBaco]

How to identify if it is a periodic or perpetual inventory po sir?

[@marienelielabagala9532]

done watching po, sir!! thank you pooo 🩵🩵🩵

[@EshareJoyceHolasca]

if may VAT same pa rin ba sa periodic?

[@ralzcugama5866]

Hello po, sa sales returns ba, di ba tayo mag update ng merch inventory? Since ibinalik ng bumili sa atin ang binenta natin, diba it should be added sa inventory natin? And iupdate din ang cost of sales?

[@abmonlineph6099]

If based po sa book ni Win Ballada na BFAR, yes po maguupdate po tayo. Pero if sa bookeeping po, hindi po. (Hindi na po natin ibinabalik sa inventory ang goods na ibinalik na ng customer, considered as costs na po sya)

[@lunaxxvaleria5084]

How about po if mayroong percent

[@kirchimaesauza2568]

Done po sir. Thank you po😊

[@joyyangco3211]

Thank you..I understand now that we don't need to make a COGS statement but do we still need to make a statement of performance in perpetual ??

[@abmonlineph6099]

Yes

[@karyllefayegonzales2783]

thank u po sir!

[@abmonlineph6099]

Yeheyyyy

[@irenezdomingo6097]

Salamat po Sir laking tulong po itong mga video lectures nyo po!

[@abmonlineph6099]

Salamat din po! 💛

[@christianlangto1050]

Sir pa help po On May 15,2021, Noy Trading purchased from Jaicar Merchandising goods amounting to P30,000 on terms 50% down, balance 2/10, n/30. The next day, Noy Trading issued a P2,000 debit memorandum to Jaicar Merchandising for the return of defective merchandise bought. On May 20,2021, Noy Trading paid P10, 000 as partial payment. Noy Trading settled in full the outstanding account with Jaicar Merchandising on May 25, 2021.

[@aireenpalima9999]

You need to identify first the problem if this is a periodic or perpetual inventory system ang required sa problem.

[@miecelly6136]

Sir how about po kung ganto po yung Transaction ~Recieved merchandise returned by Romero Co.,P 400. The cost of merchandise returned was P275.

[@abmonlineph6099]

Debit Sales Returns and Allowances Credit Cash / Accounts Receivable

[@ninanana4490]

sa 13:37 What if po wlang nakalagay na 'Cost P65,000'?

[@abmonlineph6099]

Hi! Kadalasan sa cases pag perpetual inventory laging given yung cost. Pag wala kailangan mo sya i-compute using the formula sa pagkuha ng cost of goods sold if mayroon.

[@ninanana4490]

@@abmonlineph6099 tenkyyu po. Mwehee

[@lriver186]

@@abmonlineph6099 hi po! About po sa question na to, paano po pag wala pong given na formula??

[@rascbc]

@@lriver186 hindi po yun pwede

[@lriver186]

@@rascbc wala pong nakalagay dun sa set na binigay samin :'> iyak na lang po muna kami hehehe thank you po

[@EuneseAcasio]

Hello sir..applicable po rin ba sa Perpetual inventory system ang output and input VAT ?

[@styleandbloom7810]

Sirrr, Paano po kapag "The inventory count revealed P80.800 worth of merchandise were still on hand??

[@abmonlineph6099]

Sa adjusting entries na po sya. Pwede din naman isabay sa closing entries Debit merchandise inv (ending) Credit income summary

[@styleandbloom7810]

@@abmonlineph6099 THANKYOU SIR 🤍

[@beacolango]

Sir paano malalaman Kung "merchandise inventory" Ang gagamitin natin sa pag jojournalize?

[@abmonlineph6099]

Pag nagpurchase Pag may returns Pag may purchase discount At sa freight

[@rinaaventurero6135]

Hello! I just want to ask po, for example may trade discount, sales dis., Freight, list price, returns ung problem. Ileless ko po ba muna ung trade dis sa list price saka mag proceed sa returns, then sunod sunod na po? Or need po talaga original price ang ilalagay?

[@abmonlineph6099]

Less mo muna ung trade discount

[@Goldyyy-wt3sv]

Sir, paano naman po yung credit memorandum for return?

[@abmonlineph6099]

Pag ikaw ung nakatanggap ng credit memo ang irerecord mo ay purchase returns. Pero pag ikaw ang nag issue ng credit memo ang irerecord mo ay sales returns

[@Ds-ii8yr]

sir paano naman pag nag invest and nag withdraw yung owner? same account pa rin ba sa periodic?

[@abmonlineph6099]

Yes same lang naman. Pag investment debit cash credit capitalz pag may withdrawal debit withdrawal credit cash

[@Ds-ii8yr]

@@abmonlineph6099 sir pwede ka po ba gumawa ng tutorial sa ledger ng perpetual inventory system? thank you po

[@coronadost.michael936]

Hello po. In this entry po should I apply the discount po ba agad or pag nagbayad na po? Purchased additional machine from Mark's Machinery worth 400,000, on account. 5% discount will be given for any purchases made higher than 300,000.

[@justinemaeochaque5486]

sir 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?

[@abmonlineph6099]

Yes kailangan pa Din

[@abmonlineph6099]

Closing entries

[@abmonlineph6099]

Sana po nakapasa ka. Congratulations

[@Fernzdel]

sir paano po kapag cash on delivery?

[@janetarcana891]

Sir, bakit iba yung NASA libro na nabasa ko? Sa lesson mo, Isa lang Yung entry sa sales returns and allowances, where as sa libro, dalawang entry Yung kailangan.

[@mikeyross1217]

Thank you! Pero pano po kaya yung kapag sa iyo binalik yung goods?

[@abmonlineph6099]

Sales Returns and Alliwances po

[@mikeyross1217]

@@abmonlineph6099 thank you poo

[@mikeyross1217]

cash po

[@saudianseng2748]

Ano po journal entry kapag nag withhold ng tax si customer?

[@allysagelcalimlim4350]

Hello po sir ask ko lang po sa sales returns and allowances wala na po bang kasunod na entry doon na merchandise inventory(dr) cogs(cr)?

[@abmonlineph6099]

Kung sa basic accounting book po ni win ballada ang pagbabasehan natin, meron po. Kung magassessment ka po ng bookkeeping, wala po.

[@allysagelcalimlim4350]

@@abmonlineph6099 oh okay po, thank you sir 🤗 sa exam ngay po kaya ng certified bookkeeper, meron po kaya yun?

[@abmonlineph6099]

Yung playlist po ng Merchandising. Kumpleto na po iyon. Both methods periodic and perpetual

[@abmonlineph6099]

kzbin.info/aero/PLlDG5mknj8DBnkRGi9oSfJBKgZoIosDLW

[@allysagelcalimlim4350]

@@abmonlineph6099 okay po sir thank you 🤗 bakit po pala wala po yung entry na iyon sa assessment po ng bookkeeping? May reason po ba behind it?

[@BarKada]

PANO PO KAPAG GANTO “ JAN. 26 RECEIVED DAMAGED GOODS FROM TRANSACTION JAN.22, AMOUNTING 3,000. COST OF GOODS RETURNED P 1,300” ????? SANA PO MASAGOT

[@abmonlineph6099]

Dr. Sales Returns and Allowances Cr. Cash or AP (depende sa transaction nung Jan22)

[@missy3670]

sir what about may sales invoice? Diko G po kasi

[@abmonlineph6099]

If may sales invoice po, if ikaw nag-issue ibig sabihin po nakabenta ka kaya irerecord nyo po ang transaction sa sales

[@porangporahnglinos]

pano po pag may percent??

[@c-jaybunales7990]

Sir pag po ba cash on delivery counted pa po ba yon as cash?

[@ilovejenniekim6307]

thank you po! tanong ko lang po, pano po irecord ang sales if yung kalahati po nung merchandise na binili ay matagal pa idedeliver sa buyer kahit pacash at fully paid na yung buyer. same pa rin po ba or would there be any difference?

[@abmonlineph6099]

Kung ikaw ang nagbebenta at hindi mo pa madedeliver yung goods pero bayad na ni customer mas appropriate na irecord muna sya as unearned income

[@ilovejenniekim6307]

@@abmonlineph6099 ​ hi po. thanks for the response! yun din nga po yung naisip ko pero may given po kasi kaming charts of accounts and wala po dun yung unearned income. in that case po, same lang din po ba yung pagrerecord since hindi rin naman po counted yung mga idedeliver pa lang na goods sa merchandise inventory based on physical count at the end of the month?

[@abmonlineph6099]

@@ilovejenniekim6307 Record it as income po muna. sa adjustments na po yan maiaayos

[@nyledadi3209]

Sir papaanu po ang journal entry kapag ganito Sold merchandise on account,32,000, FOB Destination, terms 2/10, n/30. CGS, P12,000. Anu po kinalaman ng FOB destination or FOB shippping point sa pag gawa ng journal entry?

[@aireenpalima9999]

Ang FOB shipping point and FOB Destination are terms used for the transfer of ownership of the goods. If shipping point ang given sa problem this means that the buyer has full ownership upon embarking the goods to the courier/vessel that transports the commodity. While the FOB shipping point po is ang ownership is matatransfer or mapapalitan lang po once the courier/vessel arrives on the destination.

[@grace-zaibanez9276]

Paano po yung entry kapag nareceived mo po yung refund for merchandise return cash and on account Using perpetual inventory system?

[@aireenpalima9999]

Nandyan po sa video paki tingnan po.

[@agullojasmine]

Sir, paano po sa preperation for financial statement? sa wed na finals namin huhu Thankyou sir!!

[@lriver186]

Sir hello po! Paano po pag example ay sold 17,000 on terms 50% downpayment, 2/10 n/30? 1st entry po ba is debit cash8,500 debit accts receivable 8,500 and credit sales 17,000? 2nd po is Debit COGS 7,760 (since 8,500 -2%) and credit inventory 7,760??

[@aireenpalima9999]

Yang first entry nyo po is tama but yong second entry nyo is yong actual COGS na amount which is kung magkano po binili ng company yong goods hindi yong kung magkano binenta po. Syempre pag binili ng company dapat mas lesser ang cost of goods sold kesa sales amount para po may tubo. Hope this would be of help to you. Tsaka na po kayo mag recognize ng discount kung i settle na po ng client ang full amount kung pasok pa po sa given discount terms like 2% off if this paid within 10 days of purchase.

[@lriver186]

@@aireenpalima9999 paano po kapag wala pong given na original cost po nung pinagbenta??

[@aireenpalima9999]

@@lriver186 so meaning that is periodic inventory so no need to recognize the COGS

[@aireenpalima9999]

First entry ka lang

[@rogersaguiguit5780]

Thank you sir

[@abmonlineph6099]

You’re welcome po!

[@purpleygguk2030]

sir tanong lang kong kailan mo iaaply ang moving average method?

[@jeanuaryannnarvas8349]

pwede po bang pagsamahin ang perpetual at periodic inventory in one journal entries?

[@abmonlineph6099]

Pag periodic po ang problem dapat periodic lang. Kapag perpetual dapat perpetual lang din po. Pero may mga problem na pwedeng sagutin n parehas na perpetual at periodic lalo na kapag given yung cost of goods

[@jeanuaryannnarvas8349]

@@abmonlineph6099 understood po, thank you so much po sir

[@abmonlineph6099]

Welcome

[@reneechristinepayumo8928]

Pano kung ganto ang tanong , Receive sale return 3800 from various customer. Its cost is 2900?? Ano journal entry niya kung perpetual siya?

[@abmonlineph6099]

Debit Sales Returns and Allowances Credit Cash 3800

[@reneechristinepayumo8928]

Bakit sa iba nilagyan nila ng merchandise inventory? Cost of sale? Ano ba talaga tama meron siya ganto o wala?

[@abmonlineph6099]

Depende sa source mo. Pag tesda bookkeeping, wala ilalagay. Pag BSAccountancy ka at ang reference mong book ay kay Ballada, meron.

[@laleomanoban2141]

Pag po sa buyer's pov, lagi pong merchandise inventory ang mga return and discount. Pag sa seller's pov, ay same lang po nung periodic acc name Tama po ba? Thank youu

[@mylenecapuy5238]

sir ask ko lang po ung sales discounts nagugulohan po ako san po talga yung sales disc...dr o cr thank u po sir

[@abmonlineph6099]

Debit po

[@mylenecapuy5238]

@@abmonlineph6099 thank u po

[@beacolango]

Sir paano malalaman Kung perpetual inventory system ang gagamitin or periodic inventory system?

[@abmonlineph6099]

Pag ang chart of accounts ay may purchases account, PRA, Freight In at Purchase Discounts, periodic yun pero kapag wala at ang nakalagay na account ay merchadiae imventory at cost pf goods sold perpetual yun

[@roycealmelor2692]

Thank you sir...napakalinaw mo magturo 👍...may tanong po ako paano po kong ang business remmitance and bills payment paano po posting nun kasi commission basis po lahat?...salamat po ng madami

[@ralphbuendia1052]

Done🖤

[@abanteirishdianne7700]

Hello sir, Paano po malalaman Kung yung transaction is Periodic or Perpetual Inventory.

[@abmonlineph6099]

Pag may account na purchases, PRA, PD at freight in- periodic pag wala perpetual un

[@ernxsky5139]

perpetual po?

[@jomaria346]

sir, pano po pag nag take ka ng loan sa friend mo?

[@abmonlineph6099]

Yung business po ba ang nag loan o personal? Pag business po, accounts payable, pag personal di po irerecord

[@angelicallona1752]

Bat po di ma play?

[@Edwardraizen]

Same

[@joyyangco3211]

Sir. Paano Kukunin yong COGS if Hindi Po given sa problem..eto Po kc Ang problem : sold goods for 27,000 on account terms 2/10 n30.. I learned a lot Po from your videos salamat Po..waiting for answer and hopefully more complex example problem under perpetual Po sana like this..salamat Po.

[@hannahhhrfrz]

done.

[@denisemoreno4939]

Done

[@kimvirly7]

Done po.

[@danicagajonera9246]

done

[@ronapatriagusi1329]

sir good pm paanu po mag-ledger sa perpetual

[@abmonlineph6099]

Same lang din po ngprocedure sa periodic. Sa mga accounts na ginamit lang po sila magkakaiba

[@azrikemshun]

Hello sir pwede ka po bang gumawa nang special journal thank you sana ma notice

[@Ds-ii8yr]

sir kailangan pa po ba ng explanation?

[@abmonlineph6099]

Yes lahat ng journal entry dapat may explanation

[@noragenio2483]

Sample po ng journal periodic entry

[@xiunahminynne3808]

thank you sir

[@abmonlineph6099]

Thank you din po!

[@mikaelaatienza3804]

done

[@abmonlineph6099]

Congratulations!

[@dimsdalequijano3613]

Done

[@janetarcana891]

Thank you sir

[@abmonlineph6099]

Welcome po

[@mickaelamagcalas1854]

done

[@angelannrillorta1925]

Done

[@karylgarcia3569]

Done

[@gwynethpaclaondeguzman7656]

Done

[@darenmaeredima2652]

Done

[@jennymaecarlossantos8670]

Done