🅃🅄🅃🄾🅁🄸🄰🄻 🄽🄾. 1

𝚃𝚒𝚙𝚜 𝚘𝚗 𝚝𝚑𝚎 𝚝𝚘𝚙𝚒𝚌

"Giving the Effects of Transactions"

1) Una, alamin mo muna kung ito ba ay economic business transactions.

2) Tandaan ang Accounting Equation na A= L + E.

3) Tandaan ang Normal balances ng mga accounts.

Assets - Debit

Expenses - Debit

Drawings/Withdrawals - Debit

Contra Revenues -Debit

Contra Assets - Credit

Liabilities - Credit

Income - Credit

Capital - Credit

Kapag ang accounts na may normal balances na DEBIT ay nasa debit (increase siya lahat) kapag napunta naman siya sa credit ibig sabihin ay decrease.

Kapag naman credit ang normal balance niya ay increase siya lagi kapag nasa credit siya.

Kapag naman income accounts ito ay nasa Owners Equity so kapag ang income mo ay nasa credit increase siya sa at debit naman decrease ang kanyang effect ito na rin ang gagamitin mong effects sa OE.

Kapag naman expense accounts, kung nasa debit siya (normal balance) dapat lamang na siya ay increase pero ang effect niya sa OE ay decrease. Bakit? Dahil ang 

Owners Equity ay may formula na

OE = Capital - Drawings + Income - Expense 

kaya naman decrease ang kanyang effect sa OE.

EXAMPLES 

Example # 1

The company paid water and electricity.

Paid ang ginamit na word kaya cash basis.

Ang entry mo

Dr. Utilities Expense

Cr. Cash

Ang effects

A- Decrease dahil nasa credit.

L- No effects kasi wala namang liability account

OE- Decrease kasi nga expense.

Example # 2

The company bought an equipment for P 3500.

Ang entry.

Dr. Equipment

Cr. Cash

A- Increase dahil sa Equipment ay asset account

Decrease - dahil cash ay isa ring asset account

L- NE

OE- NE

Example #3

Company X borrowed from Security Bank for 50000 and issued a note payable to be paid within 6 months.

Ang entry.

Dr. Cash

Cr. Note Payable (Hindi Loan payable kasi note ang kanyang in-issue kung walang binanggit Loan Payable ang gagamitin)

Effects.

A- Increase

L- Increase

OE- NE

Example #4

Received a bill for the Globe for the communication expense.

Dr. Communication Expense

Cr. Accounts Payable

Effects

A-NE

L- Increase

OE- Decrease

Example #5

Bought supplies for 10000, paying 50% cash and issued a promissory notes for the remaining balance.

Entry.

Dr. Supplies

Cr. Cash

      Notes Payable

Effects

A-Increase dahil sa supplies

    Decrease because of Cash

L-Increasd dahil sa Notes Payable

OE- NE

4) Entries are not really required but kung nagsisimula ka palang sa accounting yan ang best remedy. 

5) Magsanay ng tama. 

"Practice makes perfect pero kung ang prina-praktis mo naman ay mali, ito'y mali pa rin." 

- Manuba, 2020

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