Lesson 020 - Adjusting Entries 4: Accruals

[@miamoriskururulino]

Grabe Sir! A teacher like you is such a blessing for you inspire us more to learn and master the lessons in accounting. I don't know but I am just amazed by how you teach because I really see your passion doing it. Because of that, the lessons can be easily understood. It's true that BSA is not a piece of cake sort of a course (though I'm just a freshman and the real battle hasn't started yet) but having more teacher/educator like you Sir would make the aspiring accountants' journey more fruitful. Thank you, Sir, for uploading these lessons here in this platform. Stay safe and I hope you'll be blessed a thousandfold by the Almighty! 너무 갑사합니다, 선생님!

[@sirchuasaccountinglessonsp3030]

Scarlette Oh 정말 감사합니다. 난 행복해요. SCALP을 지원 해주셔서 감사합니다. 열심히 공부해!

[@decenaellamarie5118]

huhu apaka galeng mo po sirrrrrrrrrrrrr, you deserve millions of subscribers napaka laki ng maitutulong mo salahat ng acc students or abm students sana puro college topis naman po next timeeeee we really need your help

[@briannejosettedeguia9315]

Hello sir! I'm a stem student graduate and i'm taking bs accountancy in college. I learned a lot from your videos. Thank you! ❤

[@blonded12323]

hello po miss brianne, so far how is accounting life? Upcoming bsa din po aq and i need advice po kung tama ba tong tinahak q haha same strand po tayo galing ng shs.... thanks po

[@jasminp.domingo595]

Hello me din po, incoming bsa students na nag stem din po. Any tips po para maka survived sa college😊

[@eumiegracelascuna2996]

Hi Sir! Please don't stop sharing with us all your knowledge about accounting. You are such a great help to us students who aspire to be a CPA. Thank youuuuu Sir. God bless you po :) Keep inspiring everyone!

[@devilgodangel7392]

Thank you po sir! Currently BSA student, I am honestly having a hard time studying Vera cruz FAR, im not from abm strand. But this is really helpful! The examples are already in a high difficulty and its really a great example,, unlike other videos that would give basic questions, while this one is really quite complexing, with your facial expressions, and humor, and also your seriousness is really enganging unlike my professor hahahaa!!!

[@cali6570]

Good day sir! I just want to express my gratitude because I've been watching your videos lately since its summer to review the FABM1 subject considering that our teacher isn't really good at explaining it in a way that beginners can understand. I hope that you will also tackle about college accounting subjects. You inspire me to pursue bs accountancy. Have a great day po sir!

[@robiegemaraniego4432]

SUPER HELPFUL POOOOO LAHAT NG VIDEOSSSSSSSS

[@BabylynManzano-h5b]

hi sir! thank you for making these videos❤ it makes more convinient for me to learn since i am a stem graduate who pursue bsacc.

[@khiezmacinas6715]

Thank youu soo much, sir. It is difficult for me to understand this topic by book only, I am grateful because you are there, teaching us.

[@reygenetamayo7607]

Hello sir, I graduated as a Gas Student and I took BS Accountancy. During my interview my teacher asked me to study the subjects of ABM that hasn't in GAS strand. So, I started at Fundamentals of Accounting. I would like to thank you for this, I indeed learned a lot and I'm about to finish this, so I just wanna ask you to have an examination or a quiz to justify what I have learned. Hope ma notice thank you po.

[@cd.c.5521]

MARAMING SALAMATSSSSSSSS PPOOO SIIIRRRRR💚💚💚

[@yishii5897]

Thank you po Sir.. Now I know the mechanics on how to solve accruals 😊😍😇

[@Thrive2024]

Excellent tutorial sir😊😘😘

[@irahmaetero7332]

Thank you so much, sir. ❤️❤️❤️

[@bealauren6446]

thank you sir 🥺🩷

[@mochi.tofu4]

Wish you taught business math/finance too! 🤪

[@leiladaguman7867]

thank you so much po ❤️

[@maricelflor8154]

thANK YOU SO MUCH

[@mariannepangilinan6696]

Hello Sir! I want to learn a lot from you that is why I am always watching your accounting lessons and printing handouts. However, I can't print handout 020 as the linked handout in the description box is handout 019. I hope you can edit the information in the description box. Thank you and have a good day! P.S. Honestly, I hope you were my teacher in my accounting subjects back in SHS because you really teach well and I really learn from you a lot. I am planning to take BSA in college but I lack knowledge and understanding in our accounting lessons (I guess this is because of our teacher who didn't teach us properly unlike you). I was always worried every time we had our accounting subject, and I always thought "Hala, accounting na naman. Lagot ako nito. Babagsak ako!" But now, because of you, I enjoy learning accounting and I can say that I can be a CPA someday.

[@sirchuasaccountinglessonsp3030]

Marianne Pangilinan Hi! The link in the description box is really handout 020. When you open it, handout 020 talaga sya. Edit ko na lang yung “019”. Thank you for your comment! I am very glad to hear these words from you and that you are learning from my channel. Please enroll in the BSA program and become a CPA in the future!

[@mariannepangilinan6696]

@@sirchuasaccountinglessonsp3030 Thank you, Sir Chua! I already printed the handout po. I want to say one more thing to you po. I actually recommended your channel po to my friends and cousins since we will all be enrolling in the BSA program. I hope they can also learn from you as well!

[@sirchuasaccountinglessonsp3030]

Thank you! I promise to upload more to help more students. Maraming salamat po sa suporta!

[@jiuyuu_]

💛💛💛💛

[@GenesisFerdy]

Good Day po Sir! Ask ko lang po dun sa part ng Interest payable, doon po sa pagbibilang ng months po, hindi po ba June ang start ng counting or May po talaga? (like po sa Banker's rule po na days, exclude the first day, include the last day)

[@sirchuasaccountinglessonsp3030]

Genesis Ferdy Balindan Start from May since the borrowing was made May 1 and not May 30. It’s already 1 month from May 1 to May 30. May is counted in the accrual.

[@causeitskr]

💓💗

[@shekamaducdoc3333]

❤️❤️❤️🥺🥺

[@clintalvin2530]

Hello sir! Question lang po. Sa problem number 1 po on accrued revenue, bakit sa Dec. 31 po nirecord yung receivable? Diba po Dec 15-19 narender yung service?

[@lightyagami6184]

Kaya nga po, same question din ako

[@dunggonmariellekayer.1470]

❤❤❤

[@GenesisFerdy]

hello sir! ask ko lang po if parehas lang yung process if sa accrued revenue po mangyayari yung interest (interest receivable)?

[@sirchuasaccountinglessonsp3030]

Genesis Ferdy Balindan Basically yes, on the side of the company who will be receiving the interest as revenue, it should also be accrued. Debit Interest Receivable and credit Interest Revenue. Remember that a receivable of one company is usually payable of another company.

[@roselen3854]

❤️

[@anneluna5388]

Question po. Bakit ang denominator is 5? Ang 5 ba nagsisignify kung ilang araw nagtatrabaho ang mga liaison officers? So Sunday and Saturday yung parsng rest day nila?

[@sirchuasaccountinglessonsp3030]

Anne Luna yup

[@happy_colorvv]

Sir pano po gagawin kapag notes receivable at interest receivable ang adjusting entries sa Worksheet and Financial Statement?

[@catherins4233]

I assume yung Notes Receivable is galing sa pag render ng income. So at the beginning of that transaction, ang entry ay: Debit : Notes Receivable Credit: Service Income or the applicable income account. Adjusting Entry niyan at end of period ay: Debit: Accrued Interest Receivable Credit: Interest Income

[@maryeveescobido6722]

Hello sir! Ask ko lang po if why 6,000 ang naging Salaries Expense sa Jan 2021? I hope you will see this question sir :)

[@epicslaplike4312]

Hello. Based sa pagkakaintindi ko, naging salaries expense ang 6,000 sa Jan 2021 kase yung mismong January 1 2021 (based sa problem) is friday, which is the payment of the weekly salary po. So kaya naging salaries expense po sya.

[@princesssophianicolerada9635]

@@epicslaplike4312 So bale ang 6000 represents the 3000 weekly payment of 2020 and the first weekly payment of 2021 po?

[@annieandrada3483]

Hi sir!☺️ask ko lang po diba po sa accountancy,BSA ang tawag,ano naman po sa Banking and Finance?

[@sirchuasaccountinglessonsp3030]

Annie andrada Bachelor of Science in Business Administration, Major in Financial Management

[@angelnicolecao7719]

Hello po. May tanong po ako regarding accruals for uncollectible accounts😅😊. Diba po yung accounts receivable kailangan natin na I-estimate yung portion na uncollectible po doon. Bale ang maginging entry niya sa adjusting: Bad Debts Expense dr. Allowance for bad debts cr. Tapos po pag sure na natin na yung accounts receivable uncollectible na talaga ang magiging entry po natin is: Allowance for bad debts Dr. Accounts receivable cr. Tapos diba po yung mga financial institutions or yung mga creditors may mga mortgage sila na nirerequire para kung sakali na hindi makabayad si mangungutang kukuhanin niya yun as a collateral dun sa utang(accounts receivable). Ang tanong ko po is paano po ang magiging entry pagkaganon po? As point of view po ng mga creditors and financial institutions need pa po ba nilang I-record yung collateral? Thanks in advance po 😊

[@khen106]

Sir pa hug. laking tulong niyo po tapos libre pa. san po ba pwede magbayad 😭

[@alltt4800]

Wala ako naintindihan sa teacher namen

[@lightyagami6184]

Hello sir! Question lang po. Sa problem no. 1 po on accrued revenue, bakit sa Dec. 31 po nirecord yung receivable? Diba po Dec 15-19 narender ang service?

[@laveris6662]

❤