The Accounting Cycle Part 1(Journal entry, posting, unadjusted trial balance)

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  • Опубликовано: 8 апр 2025
  • The accounting cycle part 1 will cover identification, analyzing of transactions, journalizing, posting, and trial balance.
    The correct answers for our 2nd video entitled "What is GAAP?" are as follows:
    1. Going Concern Assumption
    2. Accounting Constraints
    3. Cost Principle
    4. Cost-Benefit Constraint
    5. Full Disclosure Principle
    6. Accounts Receivable
    7. GAAP
    -----
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Комментарии • 108

  • @itssammy7658
    @itssammy7658 2 года назад +10

    26:20
    1. General Journal
    2. Trial Balance
    3. Post-Referencing
    4. Credit side
    5. Double-entry

  • @colesoiiniere3366
    @colesoiiniere3366 2 года назад +13

    Thank you for this po its really a big help for me im grade 12 abm students and im having a difficulty understanding how our teacher explains

  • @virgilioventura2421
    @virgilioventura2421 3 года назад +4

    You're so galing.. Thank you Sir.. Big help for me who is not an accountant and teaching accounting in Senior High

  • @kristineserrano6862
    @kristineserrano6862 4 года назад +8

    24:05 Trial Balance

  • @marry-anndereche2456
    @marry-anndereche2456 2 года назад +5

    Thank You for this video sir very informative, organized and detailed explanation. Its very helpful to us accounting students, and serve as a refreshers for basic accounting and also useful as a reviewer to students like me who are reviewing for CAT 1. More videos sir and Highly recommended 👍

  • @Xi_Jingping80
    @Xi_Jingping80 7 дней назад

    magba-balance talaga yan kasi kung ano inilagay mo sa debit side ganon din sa credit side. Kahit hindi ka mag trial balance talagang mag i-equal yan

  • @princesscaliao8282
    @princesscaliao8282 4 года назад +12

    27:21 I just realized now. Zannah C. Navi Co is actually "Sana sinabi ko" 🤣🤣🤣

  • @TexViray
    @TexViray 10 месяцев назад +1

    Hello Sir, good afternoon. Just finished watching this video, and am so happy to have seen the entire video. I've learned so much Sir as I badly need these info for my new work as an accounting staff, my main job is bookkeeping, and to be honest, this was not part of my responsibilities from my last job as an Operations Head. We only do summary of purchases and sales, petty cash and bank reconciliation and filing ang paying of BIR taxes thru eFPS. Thus, this basic crash course was really a huge help to me. Hope you could find time to respond to my comment Sir, I wish to ask few q

  • @Sidetripscenery
    @Sidetripscenery 3 года назад +3

    Wow! Such a big help. Thank you very much, Sir🙏💕.

  • @iceden9545
    @iceden9545 3 месяца назад

    Thanks po sa content nyo....big help po sa pag review

  • @kristineserrano6862
    @kristineserrano6862 4 года назад +2

    10:42 Journal Entry

  • @weljebemkeren
    @weljebemkeren 2 года назад +1

    As an abm students ang laking tulong nito😭

  • @anysiaelzen1595
    @anysiaelzen1595 5 лет назад +15

    More videos please, big help for aspiring accountants. 💛

  • @jheraldzz
    @jheraldzz 5 лет назад +3

    Thank you for this video. More info to come.

  • @Xi_Jingping80
    @Xi_Jingping80 7 дней назад

    Transaction 7:
    account receivable dapat in debit. Nada-dagdagan yung cash (asset) at nababawasan yung utang (liabilities)

    • @Akawnting
      @Akawnting  5 дней назад

      Hi just need to comment on this to avoid confusing audience.
      Mali ka po 😄 Dahil nadagdagan si Cash dapat mo syang idebit.. tapos wala ka nang receivable kasi nasingil mo na so babawasan mo si accounts receivable which is credit.

    • @Xi_Jingping80
      @Xi_Jingping80 4 дня назад

      Bakit kasi account receivable pa yung term kung na-received naman na? Hindi ba pwedeng payment received nalang?​@@Akawnting

  • @virgilioventura2421
    @virgilioventura2421 3 года назад

    Awesome.. Very Brilliant.. So young yet so smart

  • @ryriieee
    @ryriieee 2 года назад

    ang galing. more videos po ng acctg! ♥️

  • @kristineserrano6862
    @kristineserrano6862 4 года назад +2

    17:30 Ledger

  • @marrygracearnedo3541
    @marrygracearnedo3541 2 года назад

    THANK YOU SO MUCH PO MADALING INTINDIHIN

  • @_arigato_honey3245
    @_arigato_honey3245 2 года назад

    Napakalaking tulong po ito☺️

  • @pilipinascooking8909
    @pilipinascooking8909 2 года назад

    Thank you for the video I learned a lot.

  • @sherrylyncepe6684
    @sherrylyncepe6684 3 года назад +2

    Well explained. Thank you

  • @liliiessss
    @liliiessss 3 года назад +1

    If you are free to change something in the accounting cycle, what would it be and why?

  • @itssammy7658
    @itssammy7658 2 года назад +3

    16:09 hello, ask ko lang po kasi I still don't get it why sa supplies expense and supplies credit and debit is P15 000 instead of P5 000?

    • @moskovscione3454
      @moskovscione3454 2 года назад +3

      yung 5000 worth of unused supplies is galing sa 20000 total, since 15000 worth of supplies lang yung nagamit yun lang yung irrecord sa journal. kung ano lang yung makaka apekto sa account yun lang yung irerecord.

    • @Xi_Jingping80
      @Xi_Jingping80 7 дней назад

      Transaction 7:
      account receivable dapat in debit​@@moskovscione3454

  • @cherrymadelo7548
    @cherrymadelo7548 2 года назад

    Thank you...po..
    God bless.

  • @RocheSur
    @RocheSur 4 месяца назад

    Review tayo for evaluation hehe

  • @babajideajayi8755
    @babajideajayi8755 2 года назад +2

    Thanks for the lesson. It is highly rich in content. I have a question. Is there a rule on how the different accounts can be referenced? I could see that 101 was used for cash while 104 was used for office equipment.

    • @itsfuntohaveareason
      @itsfuntohaveareason 2 года назад

      There is, since account title are arranged so by knowing all the account title you can whether the acct no. Is 101, 102 and so on. Cash is 101, account receivable is 102 i this

    • @itsfuntohaveareason
      @itsfuntohaveareason 2 года назад

      I think*

  • @shielavinuya4899
    @shielavinuya4899 3 года назад

    Thank you so much 🥰 marami akong Natutunan ..

  • @charidelpecaso8683
    @charidelpecaso8683 2 месяца назад

    Thank you sir ❤

  • @dymhilescelwyn1317
    @dymhilescelwyn1317 10 месяцев назад

    thank you, sir!!

  • @johnkennethpramos3573
    @johnkennethpramos3573 5 лет назад +5

    Pwede po suggest Intermediate accounting naman po hehe

  • @imedzzz
    @imedzzz 2 года назад

    mas nagets pa po kita kaysa sa prof namin hehe salamat po

  • @moskovscione3454
    @moskovscione3454 2 года назад

    THANK YOUUUU!!!! 😭😭😭😭❤️❤️❤️❤️❤️

  • @iamdinkleberry
    @iamdinkleberry 6 месяцев назад +1

    san po ba ang answer sa Zannah C. problem?

  • @ronnieboncodin509
    @ronnieboncodin509 2 месяца назад

    Piano po gumawa ng financial statement and balance sheet?

  • @parkgunggung6597
    @parkgunggung6597 2 года назад

    maraming salamat po

  • @vergil5015
    @vergil5015 2 года назад

    Kuya Thank you po!!!!!

  • @chonamay_
    @chonamay_ Год назад

    Hi, sir! Ang chart of accounts po ba provided na? O gagawan pa po mismo?

  • @smartans288
    @smartans288 3 года назад

    Wow maganda ang presentation pweding pasend yong pdf files mo gusto kung matuto dito..

  • @dreamchaserbyjesconbedico5590
    @dreamchaserbyjesconbedico5590 3 года назад

    Magaling. Thank you po.

  • @rowenazamoras7524
    @rowenazamoras7524 7 месяцев назад

    Pwede po accrued utility expense sa unpaid bills

  • @fi2981
    @fi2981 3 года назад +1

    Hello po, tanong ko lang po sa accounts payable paano po naging 9,500 yung last balance?

  • @KishaCabz
    @KishaCabz 3 года назад

    I'll answer the assignment if I did understand you, u have the the answer key here right?

  • @Luz-u2r
    @Luz-u2r 11 месяцев назад

    Professional fees are reported as accounts payable in the Trial balance?

    • @RolandoMaguad-n6l
      @RolandoMaguad-n6l 7 месяцев назад +1

      professional fees = revenue or income under sya sa Equity

  • @rocelvisere5529
    @rocelvisere5529 Год назад +1

    Saan po makikita yung answers sa assignment

  • @laurencej8020
    @laurencej8020 3 года назад +1

    HELLO! im a bit confused about the trial balance. on the ledger, the ann jann capital was only 100,000 pesos and on the trial balance, why is it 150,000 pesos? please en
    lighten meeee

    • @phardsas9512
      @phardsas9512 3 года назад

      Hello Sir, Ann Jan capital was 150,000 po. Makikita din dun sa transaction 1 and it composed of 2 assets which are cash na 100,000 and office equipment na 50,000. I hope I it helped you.

  • @manabilanginsiraha.561
    @manabilanginsiraha.561 5 лет назад +2

    More videos plssss!😑 adjusting entries namn po🙏.

    • @Akawnting
      @Akawnting  5 лет назад +2

      work in progress na.. by next week published na sya :)

    • @jeffreyomiranda2280
      @jeffreyomiranda2280 5 лет назад

      @@Akawnting q
      Scd5gio,bdkr4hy,/5cxqr79aw

  • @itsfuntohaveareason
    @itsfuntohaveareason 2 года назад

    Hello po, curious lang po sa mga acct title nyo sa service, possible po bang SERVICE FEE ang ilagay?

  • @rosekate149
    @rosekate149 3 года назад

    Hello po. Pwede po ba malaman kung ano ang mga do's and don'ts in preparing a worksheet

  • @lorenjanacla3111
    @lorenjanacla3111 2 года назад

    thank you

  • @javijkv6727
    @javijkv6727 2 года назад

    kuya huhu bakit po sa trial balance walang accounts receivable?

  • @JessaMaeCero
    @JessaMaeCero Год назад

    Pinaka chada so far nga explanation🫣❤️

  • @GelanaHedo-t6s
    @GelanaHedo-t6s 3 месяца назад

    Good

  • @manabilanginsiraha.561
    @manabilanginsiraha.561 5 лет назад +1

    thanks lot!

  • @corneliacademia7658
    @corneliacademia7658 Месяц назад

    San po makikita yung answer sa assignment

  • @johannpauldalingay7329
    @johannpauldalingay7329 2 года назад

    hello! May templates po kayo in Excel format? Great video po! :)

  • @za-alicasultan3291
    @za-alicasultan3291 4 года назад

    Million tnx

  • @marisonfuentebella9530
    @marisonfuentebella9530 Год назад

    nalilito ako😁

  • @antoninovillete8229
    @antoninovillete8229 4 года назад

    thank you so much...

  • @lunaxxvaleria5084
    @lunaxxvaleria5084 2 года назад

    Ask lang what if pag percent naman po

  • @ninoangelodepedro5127
    @ninoangelodepedro5127 3 года назад +2

    im a 2nd year student and testing my retention... yung final answer po ba is P 5,608,000?

    • @phardsas9512
      @phardsas9512 3 года назад

      Hi Sir, pwede ko poba makita ang sa trial balance niyo para mafigure out ko saan banda ako nagkamali?

    • @chanchanhonner7109
      @chanchanhonner7109 3 года назад

      Owmay 5,658,000 ang balance ko

  • @jasminetarasona596
    @jasminetarasona596 3 года назад +1

    May accounting cycle part 2 po?

  • @dove9321
    @dove9321 3 года назад +4

    Hello tama po ba ako 5,608,000 yung balance?

  • @andreyorkventura6587
    @andreyorkventura6587 2 года назад

    May answer po yung problem? San po makikita?

  • @manabilanginsiraha.561
    @manabilanginsiraha.561 5 лет назад +1

    ❤❤❤

  • @mariviclimos7552
    @mariviclimos7552 11 месяцев назад

    huhu help me pls sobrang nababliw na po aq sa accounting huhuhu

  • @deniseannedimacali3216
    @deniseannedimacali3216 4 года назад +1

    Bat di po kasama yung account receivable sa trial balance?

  • @gabuteracheniem.4398
    @gabuteracheniem.4398 2 года назад +1

    Hiii! new follower here, may I know po the answers on the given assignment, I just wanna compare my answer kase hindi nag balance yung saken huhhu

  • @valeriejamviana9630
    @valeriejamviana9630 9 месяцев назад

    Part 2

  • @lediemirdelacruz432
    @lediemirdelacruz432 2 года назад

    Permission to use Yung mga example Po para lang Po sa reporting salamat Po 🤍😊

  • @angelenriquez96
    @angelenriquez96 3 года назад

    Sir paano po kapag nag purchased sya ng equipment pero di nabanggit kung sa account ba or cash? like this po “Mr. Okey Kayo purchased his kitchen equipment worth 80,000”.

    • @crispinadaluddung1392
      @crispinadaluddung1392 2 года назад

      Sabi nung teacher ko, cash pa rin po yan
      Debit-equipment credit-cash

  • @kimberlyflores5247
    @kimberlyflores5247 4 года назад +1

    Part 2 po🙏

  • @eyeopener7159
    @eyeopener7159 2 года назад

    THE ANSWER IS : 5,658,000

  • @daphniebarrera2009
    @daphniebarrera2009 2 года назад

    can we have the answers? so that we can compare to our answer huhu :((

  • @Sana-zr7sz
    @Sana-zr7sz 11 месяцев назад

    Balayadu suu uhadlaya😢

  • @carlcharliemainerecinto6046
    @carlcharliemainerecinto6046 4 года назад

    May part 2 po ba ito?

  • @alivioroseannz.6258
    @alivioroseannz.6258 2 года назад

    My part 2 po nito

  • @digitalbusinessplatform2492
    @digitalbusinessplatform2492 4 года назад

    Hi sir Gerome!
    Sir Cost Accounting and Control and it's application to businesses please. 💕💕🔥🔥

  • @allysamijares3187
    @allysamijares3187 4 года назад

    Hi, saan po Part 2?

  • @bviewnature7985
    @bviewnature7985 4 года назад

    Where's the answers?

  • @ayweshabante8682
    @ayweshabante8682 2 года назад

    Sana po mapost niyo yung correct answer

  • @justinroisfrancisco6266
    @justinroisfrancisco6266 4 года назад

    hello sir. tanong ko lang po kung magkaparehas lang po ba ang double rule at double entry? thanks po.

    • @ericayadaobautista2578
      @ericayadaobautista2578 4 года назад +4

      Hindi po. Ang double rule ay iyong two lines sa may ibaba ng amount which indicates FINAL o no entries will be made after that. Ang double entry naman ay iyong pag-journal entry mo na may debit at credit side.

    • @justinroisfrancisco6266
      @justinroisfrancisco6266 4 года назад +1

      @@ericayadaobautista2578 maraming salamat po

  • @maybellevelarde4285
    @maybellevelarde4285 3 года назад

    Part 2 po??

  • @nyenye_
    @nyenye_ 4 года назад

    Hello po! Pwede niyo po ba ishare if may journal template po kayo? thank you po :))

  • @helitovillejo-pu2yg
    @helitovillejo-pu2yg Год назад

    Pede Po bang patulong

  • @gaymariecanumay6970
    @gaymariecanumay6970 3 года назад

    Trial Balance : Debit is 5,658,000 and Credit is 5,658,000
    Tama po ba? Hihihi

  • @floreschona7
    @floreschona7 4 года назад

    Hi, Thank you po. Nasaan po yong answers? Check ko po yong test ko, please.

    • @bviewnature7985
      @bviewnature7985 4 года назад

      Hello ano po yung answer hehehe gusto ko malaamn if tama din b sagot ko 😅

    • @lovelyjoyrempillo6896
      @lovelyjoyrempillo6896 3 года назад

      @@bviewnature7985 pwede malaman sagot nyo