Fundamentals of Accounting 1 PDF

Activity Sheet
Learning Competency: define accounting

Code: ABM_FABM11-IIIa-1
VENN DIAGRAM
Direction:
Group yourselves into 3 groups. Think at least two types of business belonging to
different industries (e.g., Petron from the oil industry and Mcdonalds from the food
industry). Give five examples of economic events that each company identifies
and records in its respective accounting book. Discuss why these events or
transactions are recorded in the accounting books.
Using venn diagram classify and compare the types of business companies.
Prepared by:
Hazel P. Capatian
Shemary B.
Constantio
Rejie Atienza
Accountancy, Business and Management

Activity Sheet
Learning Competency: The learners define accounting.
3 Pics 1 Word
MECHANICS
1. Students will be asked to get a sheet of paper.

2. Teacher will show three pictures representing a jumbled word. Students
must identify the correct spelling of the word.
Words to be identified are: Recording, Classifying, Summarizing, Money and

Interpreting.
3. Identified words will be used filling the definition of the topic below:
Accounting is the art of __________________, __________________________, and

__________________________ in a significant manner and in terms of
____________________, transactions and events which are, in part at least of
financial character, and ________________________ the results thereof.
Answer:
Accounting is the art of recording, classifying, and summarizing in a

significant manner and in terms of money, transactions and events which
are, in part at least of financial character, and interpreting the results
thereof.
4. Students should also briefly discuss the definition of Accounting in their own
words.
Prepared by: CLASS B

Activity Sheet
Learning Competency/ies: Define Accounting
ACCOUNTING
Directions:Complete the crossword by filling in a word that fits clue.
1 2 5 3
DOWN ACROSS
1.Financial statements, “TRIAL BALANCE”, 4. Business transaction
}JOURNAL”
“BALANCE SHEET”, “INCOME STATEMENTS” 5. Something that is made
to be
2.money or its equivalent (as a check) paid sold or used,
output
for goods or services at the time of purchase 6. something that is
owned by a
or delivery person, company, etc
3.grouping “LEDGER” 7. Meaning or significance
for user
4.money that is paid to a business or an 8. a book that a
company uses to record
Organization information about the
money it has
paid and received
Prepared By: Sabina C. Jara

Position: Teacher II
School: Canaan East National
HighSchool
Division: Nueva Ecija

Activity Sheet
Learning Competency: Narrate the history/origin of accounting.
Code: ABM_FABM11- IIIa-2
Timeline
Directions:
Create 10 groups with 5 members. Choose a leader. The group will create a
timeline about the history or origin of accounting. Materials needed are ½ Manila
paper, marker, and art materials.
Rubrics:
40% - Content (history of accounting is accurately written in manila paper)
20% - Organization
30% - Creativity
20% - Neatness
Total: 100%
Fact or Bluff
Directions:
Create 10 groups with 5 members. Choose a leader. Each group will ask question
by their teachers with regards to origin of accounting. Their answer is only Fact or
Bluff. First group to make three points will be the winner.
Prepared by: Anna Lisa S. Bayrante

Zyra G. Gimeno
School: Assemblywoman Felicita G.
Division: Bernardino Memorial Trade
School

Activity Sheet
Learning Competency: describe the nature of accounting
SONG COMPOSITION
Direction:
Group yourselves into 4 groups. Compose a song using the nature of
accounting.Each group will choose the different nature of accounting that will
relate in topic discussion.
CRITERIA PERCENTAGE
LYRICS 25
CREATIVITY 25
INFORMATION 30
ORGANIZATION 10
AUDIENCE 10
TOTAL 100%
Prepared by:
Hazel P. Capatian
Shemary B. Constantio
Rejie Atienza

Activity Sheet
Learning Competency: The learners describe the nature of accounting.
Activity Sheet
Thumb Up, Thumb Down
Which statements from the list describe the nature of accounting?

It is a process because it is composed of multiple steps that lead to a
common end goal.
1. It focuses in non-financial transaction.
2. It is a means and not an end.
3. As a disciple of knowledge, it has been evolved out to meet the need of
financial information required by different interested groups.
4. It requires applied skill and expertise.
5. As a service function, it collects, processes and communicates financial
information of any entity.
6. It is the art of recording, classifying, summarizing and keeping financial data.
7. As an information system, it is recognized and characterized as a small
house of information.
8. As a tool, it is a tool to achieve specific objectives.
9. It provides information to internal and external parties.
Mechanics
1. The student will respond after the teacher read the statement.
2. The student will give a thumb up if the statement describes the nature of
accounting; otherwise, a thumb down.
3. Each student will count the number of his or her correct response/s.

Activity Sheet
Learning Competency/ies: DESCRIBE THE NATURE OF ACCOUNTING
Let’s have a Q and A !!!
Directions:
An image will be flash on the screen and each of the group will analyze the
picture. The first one to raise his/her hand will be given a chance to answer and
interpret the picture . He/She will start his/her answer by the word(s) “I
believe………and ends with I THANK YOU”. A maximum of 30 seconds will be
given for their answer, otherwise he/she will be forfeited in the game which means
a chance will be given for the other team.
Accounting as a process
As a art and science
Deals with financial information
As a means not an end
As a language
As an information system
Prepared By: Jessalyn M. Lombo

School: Aliaga National High School

Activity Sheet
Learning Competency/iesd: Explain the functions of accounting in Business
Code: ABM_FABM11 – IIIa - 3
Performance Task: Dramatization
Directions:
1. Divide the class into 2 groups
2. The first group will act the function of accounting in Manufacturing Business
3. The second group will act the function of accounting in a Service Business
Scenario Relevance Creativity Overall Total Score

(30%) (30%) Presentation
(40%)
1
2

Activity Sheet
Learning Competency/ies: Explain the functions of Accounting in Business

Code: ABM_FABM11-111A-3
THE HUMAN T-ACCOUNT
Directions:
To help students remember the functions of accounting,choose one

student to stand at the front of the class with arms outstretched ( like a T-account)
and assign that student an account title. Then give one student a sheet of paper
with “ + “ and the word “ increase” written on it. Another students receives a sheet
of paper with a “ – “ and the word ” decrease “ written on it. A third students
receives a sheet of paper with the words “ normal balance “.
The students then have to go up to the T- account student and stand on the
debit, credit, and normal balance side of the account. Students enjoy this as a
quick review, and gives them an opportunity to move around.
The teacher will give a question as a guide to students.
Prepared By: Diana A. Rulloda

School: Pantabangan National
High School

Activity Sheet
Learning Competency: The learners narrate the history/originof accounting.
Story Telling with a Twist
MECHANICS
1. Learners will be divided into four groups
2. Each group will narrate the history/origin of accounting in a creative way.
3. Students will be given 3-5 minutes to perform.
4. Each group will be graded on the following rubrics:
Coherence = 40%
Creativity = 30%
Performance = 20%
Cooperation = 10%

Activity Sheet
Learning Competency/ies: Narrate the History/ Origin of Accounting

Code: ABM _FABM11-IIIa-4
The Time-line Tree
Directions:
The teacher will post a tree on the right side of the board. On the left side, the
teacher will post an arrow that has vocabulary words and important dates about
the history of accounting. The students will arrange the arrows according to its
sequence from the beginning to most recent event in accounting, from bottom to
top parts of the tree.
Mesopotamia
Suetonious and Cassius Dio (23 BC)
Luca Pacioli (14th Century)
Queen Victoraia
Emperor Augustus
Early faorms of taxation and
Res Gestae Divi Augusti
Double Entry Book keeping
The term Accountant, PFRS and
Rubrics:
The class will be divided in to 4 , Each group will defend their answers and
will be graded on the following rubrics:
5 points-Shows complete understanding about the topic/lesson
4 points- Shows substantial understanding about the topic / lesson
3 points-Response shows some understanding about the topic /lesson
2 points-Response shows a complete lack of understanding about the
topic/lesson
Prepared By: Almario S. Villasan

School: Sto. Rosario National
High School

Activity Sheet
LEARNING COMPETENCY: Differentiate the Branches of Accounting

CODE: ABM_FABM11- IIIa-5
Accounting Tree Activity
(Primary Activity)
DIRECTIONS:
1. Ask the learners to draw a tree with eight branches on a Manila paper.
2. Label the root of the tree as “Accounting”
3. Tell the learners that Accounting has 8 branches and based from Accounting
functions, ask the learners about their idea of branches of Accounting and write
them on the Accounting Tree.
Process their answers.
Prepared by: CRISELDA F. DAVID

Activity Sheet
Learning Competency: The learners differentiate the branchesof accounting.
Activity Sheet
Matching Type
Branches of Definition/Purpose
Accounting
1. financial a. concerned with processing historical data to generate
accounting financial reports
2. managerial b. involves financial and cost analysis and evaluation of
accounting business ideas
3. government c. deals with the recording of cash flow of thegovernment
accounting d. refers to the examination of financial statements
4. auditing e. includes tax planning and preparation of tax returns
5. tax accounting f. refers to the accounting ofmanufacturing costs
6. cost accounting g. deals with developing future accountants by creating
7. accounting relevant curriculum
education h. focuses on the search for new knowledge on the effects of
8. accounting economic events
research
Mechanics
1. The learners will be grouped into five members each.
2. Each group will be given an activity sheet containing columns with the
different branches of accounting and definitions/purposes.
3. The group will match each branch to its corresponding definition/purpose.
4. A maximum of 10 minutes will be given to each group to finish this task.
5. The groups will check other group’s work.
Prepared By: CLASS B

Activity Sheet
Learning Competency/ies: differentiate the branches of accounting
Code: ABM _FABM11-111a-5
Rumble Word
Directions:
The students will be divided into 5 groups. Each group will give 30 seconds to answer
each question, each group make a representative to present their answer.
Question:
1.N N I F A L A C I
N A C T C I G N O U
2.M N A E G E M N T A
N G I T N U O A C C
3. G N O M V E R E N
T
G N A C C T N U I O
4.U D A I N G I T
5.A T X
A T N I G O U C C N
6.S O C T
C C N T I G A O U N
7.C N T I G N C A O U
N O I T A C U D A
Activity Sheet
Branches of Emerging Development Competent Exemplary
Accounting 4pts. 6 pts. 8 pts. 10 pts.
Financial Accounting
Management Accounting
Government Accounting
Auditing
Tax Accounting
Cost Accounting
Accounting Education
Accounting Research
Rubrics:
The students will be graded based on the following criteria
Prepared By: Manilyn C. Gonzales

Position: Teacher III
School: Peñaranda National High
School

Activity Sheet
LEARNING COMPETENCY: Explain the kind/type of services rendered in each of
these branches.
CODE: ABM_FABM11- IIIa-6
FLASHCARDS
DIRECTIONS: Prepare eight flashcards with the branches of accounting written in

every card. Write the following on a sheet of manila paper and ask a learner to
identify what branch of accounting renders this service.
1. Preparation of general-purpose financial statements. Answer: Financial

Accounting
2. Evaluation of the performance of a sales department. Answer: Managerial

Accounting
3. Develop standards to address a new business set up. Answer: Accounting
research
4. Review tax compliance of the business. Answer: Tax accounting
5. Evaluate whether a branch of the business complies with the collection and
deposit policy of the company. Answer: Auditing Accounting
Prepared by:
DYANN P. IGNACIO ROMEO TOLENTINO

Teacher III Teacher I
Division of Bulacan Division of Bulacan

Activity Sheet
Learning Competency: The learners explain the kind/type of services rendered in
each of these branches.
Activity Sheet
Short Quiz
Identify the branch of accounting which caters to the following services:

1. Review tax compliance of Mighty Corporation
2. Search the effects of the 1997 Asian Financial Crisis
3. Evaluate whether Angeles City branch complies with the salary policy of
Jollibee
4. Review whether the financial statements of SM are in compliance with
accounting standards
5. Preparation of Statement of Changes in Equity for the year 2012-2016 of
Razon’s
6. Evaluation of the performance of Mekeni’s sales department
7. Develop standards to address an online business set up
8. Report on the spending of DPWH funds for construction of new classrooms
9. Report on the total cost of materials and labor used in the producing
biodegradable plastics
10. Report on the Statement of Cash Position of Calaca Corp for the year 2017
Prepared by: CLASS

B

Activity Sheet
Learning Competency/ies: Explain the kind/types of services rendered in each of
these branches.
Code: ABM_FABM11-111A-6
Guess mo to?
Directions:
he teacher will show the pictures and the students will guess the picture. Teacher
will provide them pentel pen and pieces of bond paper for them to write the
answer. Every group will have their representative who will raise their hands after
they write the answer on the bond paper. After that one of the member of the
group will explain , why that is their answer and connect to the topic.
1.Answer : Doctor/Professional 2. Answer : Lawyers/law firm
3. Answer : Dancing instructor/Expertise 4. Political adviser/Advice
5. Teachers/school service 6. Bus/service company

Activity Sheet
7. Banks/service company
Prepared By:
Rowena C. Ucol
Teacher II
Zacharias C. Aquilisan High
School
Division of Nueva Ecija

Activity Sheet
Learning Competencies: Define external users and give examples
Graphic Organizer (Venn Diagram)
Directions:
• The students will be divided into five groups. Each group will have a manila
paper and they will draw the Venn Diagram.
• They will differentiate external and internal user.
Rubrics:
• Using the following criteria, choose the appropriate number from the
following scale that reflects your assessment of the student’s work.
1 = Weak 2 = Moderately Weak 3 = Average 4 = Moderately Strong 5 = Strong
1. The graphic organizer has an appropriate title and labels.

2. The graphic organizer’s lines, boxes, and text are neat and legible.
3. The information in the graphic organizer is accurate.
4. The spelling, grammar, and punctuation of the text on the graphic organizer are
accurate.
5. The graphic organizer presents the information in a manner that is
easy to follow.
6. The relationships presented in the graphic organizer is correct and clear.
7. The form in which the graphic organizer portrays the information is appropriate to
the relationships being represented.
8. The graphic organizer demonstrates an understanding of the topic, its
relationships & related concepts.
9. The graphic organizer fulfills all the requirements of the assignment.
10. Overall, the graphic organizer represents the student’s full potential.
TOTAL:
Comments:____________________________________________________________________
______________________________________________________________________________
Activity 2:
Role Playing in External Users
Directions:
• Using the groups earlier, the students will be presenting role playing how the
external user set-up in the accounting section.
• They are given five minutes to practice on their role playing.
• Presentation of the role playing

Activity Sheet
Rubrics:
Content: 50%
Presentation: 30%
Creativity: 20%
Total: 100%
Prepared by:
Micah Angelica A. Mapili

Teacher II
San Jose City National High
School

Activity Sheet
Learning Competency/ies:
Jingle Making
Directions:
1. The learners will be grouped with five members.
2. The task is to compose a jingle to define the external users of accounting

information.
3. The activity will be performed within 15 minutes.
JINGLE MAKING RUBRIC

Criteria: Rating:
Jingle stays on topic throughout. Clever lyrics. 5 4 3 2 1
Melody is simple and very "catchy". Rhythm and melody 5 4 3 2 1
range appropriate and appealing.
Entire group involved in composition and performance 5 4 3 2 1
equally. All group members ideas are always valued
- group demonstrates respect at all times.
Prepared by:
MARIA DOLORES L. CAPIRAL

Teacher II
VIVIAN DAGUIO-PARAZO
Teacher II
DIVISION OF TARLAC
PROVINCE

Activity Sheet
Learning Competency/ies:
Poetry Making
Directions:
1. The learners will be grouped with five members.
2. The task is to compose a poem to define the external users of accounting

information.
POEM MAKING RUBRIC

Criteria: Rating:
Poem stays on topic throughout. Clever lyrics. 5 4 3 2 1
Melody is simple and very "catchy". Rhythm and melody 5 4 3 2 1
range appropriate and appealing.
Entire group involved in composition and performance 5 4 3 2 1
equally. All group members ideas are always valued
- group demonstrates respect at all times.
Prepared by:

Teacher II
Teacher II
DIVISION OF TARLAC
PROVINCE

Activity Sheet
Learning Competency: The learners define external users and gives examples.
Take Me Out
Mechanics
1. Learners will be divided into six groups.
2. Each group will pick a leader.
3. The leader will pick a meta card containing an external user of accounting
information.
4. They will be given 10 minutes to brainstorm about external users who need
accounting information.
5. After the allotted time, each team will present their work in two minutes.

Activity Sheet
Learning Competency/ies: Define external users and gives examples
Role Playing
Directions:
The class will be divided into three groups and will demonstrate different
scenarios representing external users. Each group will pick in the given examples
they’re going to present and have 1o minutes to prepare.
Examples of External Users:
Investors Suppliers Banks
Rubrics:
5 Demonstrates complete understanding of the topic

4 Demonstrates considerable understading of the topic
3 Demonstrates partial understading of the topic
1 Demonstrates no understading of the topic
Prepared By:
Ferlene S. Olpindo
Teacher II
Agbannawag National High
School

Activity Sheet
Learning Competency: The learners define internal users and give examples.
Count Me In
Which belongs to the categories?

1. Laborers 9. Accountant
2. Supervisors 10. Non-managerial staff
3. Stockholders 11. Top management
4. Board of Directors 12. Businessperson
5. Founders of the Company 13. Security guards
6. Collector 14. Middle managers
7. Frontliners 15. Partners
8. Proprietors
Management Employees Owners
Mechanics
1. The students will be grouped with five members each.
2. They will be given activity sheets in which they can write their answers.
3. They will be given 10 minutes to categorize their answers.
4. Each group will assign a representative to discuss their answers in two
minutes.
5. The representatives will also determine what are the common
characteristics of the different categories.

Activity Sheet
Learning Competency/ies: Define internal users and give examples.
Directions:
The teacher will group the class into 5 and instruct them to assign a leader. The
leader from each team will gather the information and accurately relay a message
back and forth between team members as fast as possible. The following are the
messages that need to be perfectly relayed.
Management- for analyzing organization’s performance.

Employees- concerned with the company’s profitability.
Owner’s- for profitability of their investment.
Manager- act as a brain of a company.
Internal Users- people inside the company.
Rubrics:
The first team, or the most accurate message, wins, and get 10 points, second will
get 8 points third and the rest will get 7 points.
Prepared By:
Melody A. Marcos
Teacher II
Palayan National High School

Activity Sheet
Learning Competency/ies: Identify the type of decisions made by each group of

users
Concept Maps
Directions:
1. The learners will be grouped with five members and represented by a leader or
a presenter.
2. The task is to brainstorm and create an appropriate concept map identifying

the type of decisions made by each group of external and internal users of
accounting information. Concept maps begin with a main idea (or concept) and
then branch out to show that main idea can be broken down into specific topics.
4. Each group should present their work in class.
CONCEPT MAP GRADING RUBRIC

CRITERIA Level 1 Level 2 Level 3
Very few concepts Some concepts are Concepts reflected
CONTENT
are accurate accurate are accurate
Very few concepts Some concepts are Concepts are well-

LINKS
are well-linked well-linked linked
LAYOUT Hardly makes sense Make some sense Easy to understand
Prepared by:

Teacher II
Teacher II
DIVISION OF TARLAC
PROVINCE

Activity Sheet
Learning Competency: Identify the type of decisions made by each group of users
Code:ABM_FABM11-IIIa-9
Decisions made by users of Accounting Information
Mechanics:
1. Give at least 3 internal users of accounting information.

2. Give at least 3 external users of accounting information.
3. Differentiate internal users from external users of accounting information.
Internal Users External Users
Differentiate internal and external users of accounting information base on their

decision making

Activity Sheet
Learning Competency/ies: Identify the type of decisions made by each group
users
Guessing Game
Directions:
The teacher will group the students into two groups. Each group will be assign to
different type of users and they need to identify the decision made by each user if
which they are belong.
1. They need to know the organizations performance and position and taking
appropriate measures to improve the company results. Answer:
Management
2. Their decision is for assessing company's profitability and its consequence on
their future remuneration and job security. Answer: Employees
3. A type of decision made which is for analyzing the viability and profitability of
their investment and determining any future course of action. Answer:
Owners
4. A decision which is for determining the credit worthiness of the organization.
Answer: Creditors
5. An accounting decision for determining the credibility of the tax returns filed on
behalf of the company. Answer: Tax Authorities
6. It is for analyzing the feasibility of investing in the company. Investors want to
make sure they can earn a reasonable return on their investment before they
commit any financial resources to the company. Answer: Investors
7. Part of decision where for assessing the financial position of its suppliers which is
necessary for them to maintain a stable source of supply in the long term.
Answer: Customers
8. It is for ensuring that the company's disclosure of accounting information is in
accordance with the rules and regulations set in order to protect the interests
of the stakeholders who rely on such information in forming their decisions.
Answer: Regulatory Authorities
Prepared by:
Richard V. Gonzales
Teacher II
Loreta Manalastas
Teacher II
Cabiao National Senior High
School

Activity Sheet
Learning Competency/ies: Describe the type of information needed by each

group of users
Code: ABM_FABM11 – IIIa – 10
Board work Activity
Directions:
Divide the class into two groups.
Require them to act out internal and external users of accounting information.
Give them five to ten minutes to meet and prepare for their presentation.
Each group should be able to present the information needs of the different users
and relate these information to their decision-making process.
Prepared By:
Renjie M. Perez
Maldrin M. Mesina
ABM CLASS A
Group 5

Activity Sheet
Learning Competency: Describe the type of information needed by each group
of users
Activity Sheet
Hit Me Baby One More Time
Mechanics:
1. Each group will identify the types of decision made by the group of users and
the information that they need.
2. There should be a representative of each group who will pick a ball. Each ball
have a label that represent the group of users (owner, creditor, employee,
government and investor)
3. One’s the group representative pick the ball, he/she will step in a cartolina if the
group of user fell in internal user or external user.
4. Then he/she will hit the target/information needed by the group of user written
on the ball.
Criteria:
Critical thinking/analysis 50%
Group cooperation 30%
Communication and explanation 20%
Total 100%

Activity Sheet
Learning Competency/ies: Describe the type of information need by each group
of users
Directions:
1. The students will be divided into 10 groups.

2. The teacher will show a picture on the screen one the different types of user in
accounting. (Internal, External, Public Group)
3. The student will show their answer using placards.
LENDER INVESTORS GOVERNMENT

BOARD OF DIRECTORS CUSTOMERS SUPPLIERS
PARTNERS ACADEMY AGENCIES
Prepared by:
Richard O. Infante
Teacher II
Bartolome Sangalang National High
School

Activity Sheet
LEARNING COMPETENCY: Differentiate the different forms of Organization
CODE: ABM_FABM11- IIIb-11
Four Pics One Word/Statement
DIRECTIONS:
1. Prepare four pictures that will give clue for each type of organization.
Single Proprietorship
Partnership
Corporation
Cooperative
2. Show the pictures to the learners and let them guess what type of organization
the pictures depict
Prepared by:
PATRICK JOSEPH R. ALFARO
Teacher II
Division of Bulacan

Activity Sheet
Learning Competency: Differentiate the forms of business organization
Code: ABM_FABM11-IIIb-11
Picture Analysis
Mechanics:
A. Identify the two pictures below, and it will reveal our lesson for today.
B. Directions. Show the picture to the students and ask them what they can
say about the picture. After students gave their own ideas about the
picture, ask them what type of business organization the picture belong
Rubrics:
A/B Recitation
Analytical Thinking- 50%

Presentation- 20%
Content- 30%
TOTAL 100%

Activity Sheet
Learning Competency/ies: Differentiate the forms of business organization
Differentiated Task
Directions:
The students will be grouped into four groups

Each group will going to differentiate the forms of business organization and will be
assigned to do the tasks below.
Group 1- Song
Group 2- poem
Group 3- Spoken Poetry
Group 4- Role Playing
Each group will be given ten (10) minutes to prepare.
Rubrics:
Percentage Characteristics
50 % Mastery
30% Creativity
20% Impact
PREPARED BY:
JESSER S. ESTEBAN
TEACHER II
NUEVA ECIJA HIGH SCHOOL
DIVISION OF NUEVA ECIJA

Activity Sheet
LEARNING COMPETENCY: Identify the advantages and disadvantages of each
form.
BRAINSTORMING
DIRECTIONS:
1. Divide the class into (4) four groups
2. Each group will discuss and list down the advantages and disadvantages of the
assigned form of business organization
3. Assign a group representative for every group.
4. The group representative will present their output in class.
Prepared by:
PONCIANO P. MANALAYSAY MARICEL B. BARTOLOME

Teacher II Teacher II
Division of Bulacan Division of Bulacan

Activity Sheet
Learning Competency: Identify the advantages and disadvantages of each form
Advantages and Disadvantages of each form of Business Organization.
Mechanics:
Classify the following advantages and disadvantages to their corresponding forms

in business organization.
SOLE-PROPRIETORSHIP
ADVANTAGES DISADVANTAGES
PARTNERSHIP
CORPORATION

Activity Sheet
Learning Competency/ies: DIFFERENTIATE THE FORMS OF BUSINESS ORGANIZATION
Code: ABM_FABM11-IIIB-12
METACARD
Directions:
1. The students will divide into five (5) groups.

2. Each group will be given a flashcard in the type of Business Organization. (Sole
Proprietorship, Partnership, Corporation, Cooperative).
3. The teacher will flash on the screen a statement regarding to the advantages
and disadvantages of business organization.
4. The group who will get highest score will be declared winner.
1. It is the simplest way to set up a business at low start-up costs. – Sole

Proprietorship
2. Lack of continuity in business organization in the absence of the owner. – Sole
Proprietorship
3. Additional sources of investment. - Partnership
4. Unlimited liability for general partners. - Partnership
5. Capital divided authority. - Corporation
6. Limited liability (shareholders protected from personal claims). - Corporation
7. Perpetual life (succession) – continuous existence. - Corporation
8. Possible conflicts between partners. - Partnership
9. Broader management base. - Corporation
10. Owner fully responsible for all debts and obligations related to his or her
business. – Sole Proprietorship
11. Creditor would normally have a right against all of his or her assets, business or
personal (unlimited liability). – Sole Proprietorship
12. Transferability of shares (or of ownership) – shares can be bought, sold,
exchanged or given. – Corporation
13. Access to capital – easier to raise capital. - Corporation
14. Higher taxation (double taxation of dividens, larger business tax rates). -
Corporation
15. The most expensive form to organize. - Corporation
16. Minimal working capital required. – Sole Proprietorship
17. Owner in direct control of decision making. - Sole Proprietorship
18. All profits to the owner. - Sole Proprietorship
19. Low start-up costs. - Sole Proprietorship
20. Extensive record keeping necessary. – Corporation
Accountancy, Business
Preparedand
by:Management
Activity Sheet
Richard O. Infante
Teacher II
Bartolome Sangalang National High School

Activity Sheet
LEARNING COMPETENCY: Compare and Contrast the Types of Business according
to activities.
BUSINESS TYPE GAME
Using METACARDS
DIRECTIONS:
1. Students will be grouped into (4) four groups
2. Write on the board the 4 Types of Business Organizations
3. Ask the learners to write on the metacards as many business establishments in

their community as they know for 1 minute.
4. Post the metacards on the appropriate group/type on the board.
4. Check their answers.
5. The group that has the most numbers of business wins.
Prepared by:
LOVNEY T. ALQUERO REGINA B. SAN DIEGO

Teacher II Teacher II
Division of Tarlac Division of Bataan

Activity Sheet
Learning Competency: Compare and contrast the types of business according to
activities.
“Pares Pares”
Mechanics:
1. Each students will be given a meta card and in order for you to find your pair
you need to match the type of business and business names written in the meta
card
2. After finding your pairs, form a group according to the type of business and
share to the group your ideas on how you recognize it as a type of business and
how they are differ from the other types of businesses according to its activities
3. Present to the class the results of different ideas from your groupmates creatively
4. The leaders of each group will give ratings for every presentation of groups base
on the agreed criteria.
Criteria
Creativity:
Presentation
Content_________________
100%

Activity Sheet
Learning Competency/ies: Compare and contrast the types of business according
to activities.
Code:BM_FABM11-IIIb-13
Directions:
Students will be grouped into (5) five groups.

The teacher will show pictures the types of business and the students will identify
and post it in the manila paper according to its comparison and contrast.
Each group will be given 10 minutes to present and explain their answers.
Service
Merchandising Manufacturing

Activity Sheet
Learning Competency/ies: identify the advantages, disadvantages, and business

requirements of each type
COLLABORATION ACTIVITY
DIRECTIONS:
After discussing the advantages and disadvantages of each business type, the
class will be divided into (5) five groups
Each group will discuss the type of business they will put up and list down the
advantages and disadvantages of the business and what the business
requirements are.
Prepared by:
MANUEL M. MELEGRITO
Teacher II
Division of Tarlac City

Activity Sheet
Learning Competency/ies: Identify the advantages, disadvantages, and business
requirements of each type.
Directions:
After discussing the advantages, disadvantages and business requirements of

business types:
Students will be grouped into (5) five groups.

The teacher will give the list of advantages and disadvantages of different types of
business and the students will identify each and put it on the corresponding types
of business on the board.
Each group will be given 10 minutes to present and explain their answers.
Service Mechandising Manufacturing

Advantages Disadvantages Advantages Disadvantages
Advantages Disadvantages

Activity Sheet
Learning Competency: Identify the advantages, disadvantages, and business
requirements of each type
Advantages and Disadvantages of Type of Business According to Activities
Mechanics: Draw if it is advantage; otherwise draw if it is disadvantage
______1. Quality control (Me)
______2. Visible products (Ma)
______3. Maintaining human capital (S)
______4. No production facilities (S)
______5. Cost of Quality Control (Ma)
______6. Managing Inventory (Me)
______7. Absence of Inventory (S)
______8. High Conversion Costs (Ma)
______9. Less conversion, time and effort (Me)
_____10. Inability to standardize services
Rubrics:
2points for each correct answer

Activity Sheet
Learning Competency/ies: explain the varied accounting concepts and principles
CODE: ABM_FABM11- IIIC-15
JUMBLED TEXT
On Accounting Concepts and Principles
( Primary Activity)
DIRECTIONS:
1. Divide the learners into (5) five groups.
2. Give the learners sets of cut out letters.
3. In 30 seconds, they should form the word or phrase that corresponds to the
Accounting Principles.
4. The group who could form the right word/s at fastest time wins.
• Business Entity Concept

• Going Concern
• Matching Principle
• Materiality
• Full Disclosure
Prepared by:
MARICEL I. PEREZ
Teacher II
Division of Pampanga

Activity Sheet
Learning Competency: Explain the varied accounting concepts and principles
Code: ABM_FABM11-IIIb-c-15
Mechanics:
1. Define the following terms of Accounting Concepts and Principles.
2. By using dotted line connect column column A to column B.
3. The activity should be done within 15 minutes.
1. Accrual Accounting
2. Matching Principle
3. Use of judgement and estimates
4. Prudence
5. Substance over form
6. Going concern assumption
7. Accounting Entity Assumption
8. Time Period Assumption
9. GAAP
10. IFRS-International Financial
Reporting Standards/PFRS-
Philippine Financial Reporting
Standards
11. Accounting Concepts
Rubrics:
Each correct answer is equivalent to two (2) points

Activity Sheet
Learning Competency/ies: Explain the varied accounting concepts and principles
Code: ABM_FABM11-111b-c-15
NAME THE PICTURES

Directions:
1. The students will divided into five (5) groups

2. Analyse the picture and answer if what type of accounting concepts and
principles are shown in the picture.
3. Assign a presenter to explain the answer
Prepared by:
GLADYS IRENE C. VISTRO

Teacher II
Aliaga National High School
Nueva Ecija

Activity Sheet
Learning Competency: Solve exercises on accounting principles as applied in
various cases
Mechanics:
1. Analyze the problem base on Accounting Concepts and Principles.
2. The activity should be done within 10 minutes.
3. Show your solution to the problem (15 pts)
Problem
ABC PLC is an insurance company operating in the United States. ABC PLC
receives insurance premium in advance from its customers. The profit before
tax of ABC PLC for the year ended 31st December 2012 is ₱100,000 whereas
the estimated taxable profit amounts to ₱110,000 against which a current tax
provision of ₱44,000 (@ 40%) has been recognized in the financial statements.
The difference of ₱10,000 between accounting profit and taxable profit is
due to prepaid income which is taxable on cash basis.
How much income tax expense must ABC PLC recognize during the year
ended 31st December 2012 in accordance with the Matching Principle?

Activity Sheet
Learning Competency/ies: solve exercises on accounting principles as applied in
various cases
Code: ABM_FABM11- IIIb-c-16
Unscramble the letters
Directions:
Divide the class into 5 groups. Each group should be given metacards to
unscramble the letters. The first group to get 3 correct answer will be the winner.
1. General guidelines . CREPISNPIL

2. The______ unit assumption means transaction of Philippine companies are
reported in pesos. TORENYAM
3. Adjusting entries help to achieve the _______ principle. NTAGHMIC
4. The cost principle is often describe as the __________ cost of principle.
THLSCOIARI
5. The concept of ___________ assumes that a company will continue to exist
long enough to carry out its objectives. NGOIN
6. The concept of ________ allows for the violation of an accounting principle
when the amounts are insignificant. IYARMILETAT
7. The ___________ entity assumption results in business transaction being kept
separate from a sole proprietors personal transaction. IOCENOCM
8. Full _______ is achieved through the rotes to the financial statements.
ODRCSILUSE
9. Accrual Accounting is related to this principle. NAGMITCH
10. FASB the acronym for _____________ Accounting Standard Board.
AFAILNCIN
Prepared By:
Michelle E. Mariano
Teacher II

Activity Sheet
Learning Competency: Illustrate the accounting equation
Accounting Equation
Mechanics:
Write the letter in which the following account titles can be categorized
A. Asset B. Liability C. Capital
_______1. Cash
_______2. Accounts Payable
_______3. Owners Capital
_______4. Accounts Payable
_______5. Furniture and Fixture
_______6. Notes Payable
_______7. Inventory
_______8. Land
_______9. Mortgage Payable
______10. Salaries Payable
Rubrics:
2 points for each correct answer

Activity Sheet
Learning Competency/ies: Illustrate the Accounting Equation
Pera o Kahon
Directions:
1. A line of four with 10 students is needed to play Pera o Kahon.

2. Same like that of the popular TV game show, four choices will be given in each
question.
3. The contestants will follow “falling in line” method as used in the game show.
4. Questions will come from The Accounting Equation.
5. There will be three categories: Easy Level, Middle Level and Hard Level.
6. The last remaining participant will declared winner.
PREPARED BY: JOHN P. MARQUEZ

POSITION: TEACHER II
SCHOOL: GRACEVILLE NATIONAL HIGH
SCHOOL
DIVISION: SAN JOSE DEL MONTE BULACAN

Activity Sheet
LEARNING COMPETENCIES: Perform the operations involving simple cases with the
use of accounting equation.
CODE: ABM_FABM11-IIIb -c –18
“JUST PASTE IT”
The students should be able to understand what assets, liabilities and owner’s
equity mean.
Mechanics:
1. The name of the activity is what we called “Just paste it”, wherein the students
should choose and place the right amount through the use of metal card.
2. The students should answer the accounting problems and in the metal card
they will write the exact amount then paste it under the correct classification of
accounting equation.
On September 1, Aliana Joy invested Php300,000 cash to begin her designer and
Tailoring shop business.
03 Purchases sewing supplies on account for Php20,000
05 Aliana Joy Designer and Tailoring Shop received cash payment from a client
amounting to Php5,000.
08 Paid the amount for sewing supplies amounting to Php20,000.
11 Purchased additional sewing supplies from Leony Trading for
Php12,000,paying Php10,000 in cash with the balance on account.
14 Rendered designing services to Rhea company shop on account Php5,000
15 Paid salary of part-time shop assistant Php8,500.
20 Purchased from Allan Mark Furniture tables and chairs for shop’s
use,Php4,500
25 Paid the remaining balance owed to Leony Trading.
30 Paid Meralco bill fro the month, Php3, 800.
ASSETS LIABILITIES + CAPITAL
ANSWERS KEY
ASSETS LIABILITIES + CAPITAL

Php 300,000.00 Php 300,000.00
20,000.00 Php 20,000.00
5,000.00 5,000.00-Service Income
12,000.00
(10,000.00) 2,000.00
5,000.00 5,000.00-Service Income

Activity Sheet
(8,500.00) (8,500.00)-Salaries
Expense
(4,500.00) (4,500.00)- Equip. &
Furniture expense
(2,000.00) (2,000.00)
(3,800.00) (3,800.00)-Utilities
Expense

Activity Sheet
Learning Competency/ies: Perform Operations Involving Simple Cases with the Use
of Accounting Equation
QUIZ BEE
Directions:
1. The coverage of the quiz bee includes Accounting Equation.

2.The class will be divided into 5 groups.
3. The group will write their answers at the black part of the illustration board.
4. Before the question is read, the group must raise their markers (chalk). All groups
will answer the same set of questions in writing.
5. There will be three (3) category of the game: Easy Round, Average Round and
Difficult Round. Every category will have an equivalent points.
6. The questions will be read by the quizmaster twice.
7. The Quiz Master will read the question twice, and will signal “go”, only then the
groups be allowed to write their answers. Automatically, the (10) second time-limit
will begin with the word “go” by the Quizmaster.
8. After the time-limit, the whistle is blown by the time-keeper. The groups must stop
writing and must raise their answer boards.
9. The Quizmaster shall read and verify the groups answer.
10. The group who gets the highest number of points is automatically declared the
champion or the runner-up as the case may be.
PREPARED BY: DIVINA P.

VILLAFLOR
SCHOOL: SAN FRANCISCO
NATIONAL HIGH SCHOOL
DIVISION: NUEVA ECIJA

Activity Sheet
Learning Competencies: Discuss the five major accounts.
CODE: ABM_FABM11_IIId-e_19
ACTIVITY 1
Identification: What types of accounts are listed below? (Assets, Liability, Capital,
Income & Expenses).
1. Merchandise Inventory _________________________________

2. Notes Payable _________________________________
3. Building _________________________________
4. Office Furniture _________________________________
5. Computers & Accessories _________________________________
6. Loan Payable _________________________________
7. Interest Income _________________________________
8. Cash in Bank _________________________________
9. Petty Cash _________________________________
10. Repair & Maintenance _________________________________
11. Accounts Payable _________________________________
12. Utilities _________________________________
13. Supplies _________________________________
14. Rents _________________________________
15. Janitorial Services _________________________________
16. Depreciation _________________________________
17. Office Equipment _________________________________
18. Sales _________________________________
19. Service Income _________________________________
20. Motor Vehicle _________________________________

Activity Sheet
ACTIVITY 1 (ANSWER KEY)
Identification: What types of accounts are listed below? (Assets, Liability, Capital,
Income & Expenses).
1. Merchandise Inventory ____Assets _______________________

2. Notes Payable ____Liabilities_____________________
. Building ____Assets _______________________
4. Office Furniture ____Assets _______________________
5. Computers & Accessories ____Assets _______________________
6. Loan Payable ____Liabilities_____________________
7. Interest Income ____Income_______________________
8. Cash in Bank ____Assets _______________________
9. Petty Cash ____Assets _______________________
10. Repair & Maintenance ____Expense______________________
11. Accounts Payable ____Liabilities_____________________
12. Utilities ____Expense______________________
13. Supplies ____Expense______________________
14. Rents ____Expense______________________
15. Janitorial Services ____Expense______________________
16. Depreciation ____Expense______________________
17. Office Equipment ____Assets _______________________
18. Sales ____Income_______________________
19. Service Income ____Income_______________________
20. Motor Vehicle ____Assets _______________________

Activity Sheet
ACTIVITY 2
Identification: Put on the box the following accounts listed below the box.
Assets Liabilities Capital
Income Expenses
1. Sales 11. Office Equipment

2. Cash 12. Transportation Equipment
3. Rents 13. Cash In Bank
4. Utilities 14. Sur, Capital
5. Sur, Drawing 15. Service Income
6. Repairs 16. Note Payable
7. Communications 17. Building
8. Accounts Payable 18. Loans Payable
9. Interest Expense 19. Rental Income
10. Notes Payable 20. Other income

Activity Sheet
ACTIVITY 2 (ANSWER KEY)
Identification: Put on the box the following accounts listed below the box.
Assets Liabilities Capital
Cash Accounts Payable Sur, Capital

Cash in Bank Loan Payable Sur, Drawing
Transport Equipment Notes Payable
Office Equipment
Building
Notes Receivable
Income Expenses
Sales Rents
Service Income Utilities
Rental Income Repairs
Other Income Communications
Interest Incom
1. Sales 11. Office Equipment

2. Cash 12. Transportation Equipment
3. Rents 13. Cash In Bank
4. Utilities 14. Sur, Capital
5. Sur, Drawing 15. Service Income
6. Repairs 16. Note Payable
7. Communications 17. Building
8. Accounts Payable 18. Loans Payable
9. Interest Expense 19. Rental Income
10. Notes Payable 20. Other income

Activity Sheet
Learning Competency/ies: Discuss the Five Major Accounts
Code: ABM_FABM11- IIId-e-19
Rearranging Words
Directions:
1. The class will be divided into 5 groups.

2. The teacher will read the definitions of the five major accounts and the groups
will choose among the cut letters to identify what major accounts has been
defined.
3. The group to rearrange the words first will be declared winner.
PREPARED BY: LORELYN M.

FRANCISCO
SCHOOL: CABIAO NATIONAL SENIOR
HIGH SCHOOL

Activity Sheet
Learning Competencies: Cite Examples of Each Type of Account
Activity 1
Crossword Puzzle
Direction: Give examples of each type of accounts below by encircling the words
inside the box horizontally, vertically or diagonally. After encircling the words, classify
the examples according to the types of accounts below.
I N V E S T M E N T A
N C V E X C B Y L P S
O P A Q W A C D U A T
T A P L S N P I Y N
E I Y Y I H M W P A U
S N P T A T H R N B O
E C T U K B A J G L C
L O N D N A L L L E C
A M E O P O I E R J A
S E R V I C E X E K S
B R S E I T I L I T U
Type of Accounts
Owner’s
Assets Liabilities Income Expenses
Equity
ANSWER KEY

Activity Sheet
I N V E S T M E N T A
N C V E X C B Y L P S
O P A Q W A C D U A T
T A P L S N P I Y N
E I Y Y I H M W P A U
S N P T A T H R N B O
E C T U K B A J G L C
L O N D N A L L L E C
A M E O P O I E R J A
S E R V I C E X E K S
B R S E I T I L I T U
Type of Accounts
Assets Liabilities Owner’s Equity Income Expenses
Accounts
Cash Capital Sales Income Rent
Payable
Service
Land Notes Payable Investment Utilities
Income
Learning Competency/ies: Cite Examples of Each Type of Account
Code: CODE: ABM_FABM11- IIId-e-20
Guess What
Directions:

2. The group will be given different pictures that illustrates the five major accounts.
3. Each group must identify the pictures as faster as they can.
PREPARED BY: MICHELLE V. LIWAG

SCHOOL: EXEQUIEL R. LINA NATIONAL
HIGH SCHOOL

Activity Sheet
Learning Competency: Prepare a Chart of Accounts
Code: ABM_FABMII-IIId-e-21
The Chart of Accounts
Activity 1
Mechanics/ Direction – Prepare a Chart of Accounts based on the account titles

listed below, arranged it to their characteristics and classification.(Asset, Liabilities,
Owner’s Equity, Revenue/Income, and Expense). See format below

Activity Sheet
Account
Account Title
Number
101 Cash
102 Accounts Receivable
103 Supplies
104 Land
105 Building
106 Equipment
107 Furniture and Fixture
201 Accounts Payable
202 Notes Payable
301 De Jesus, Capital
302 De Jesus, Drawing
401 Service Income
402 Interest Income
501 Salaries Expense
502 Utilities Expense
503 Transportation Expense
106 Equipment
202 Notes Payable

Activity Sheet
CHART OF ACCOUNTS
Account Account Title Account Account Title

Number Number
ASSET LIABILITIES
Account Account Title Account Account Title

Number Number
Owner’s Equity Income
Expenses

Activity Sheet
Account Account Title

Number ASSET
101 Cash
102 Accounts Receivable
103 Supplies
104 Land
105 Building
106 Equipment
LIABILITIES
202 Notes Payable
OWNER’S EQUITY
INCOME
401 Service Income
402 Interest Income
EXPENSES
501 Salaries Expense
502 Utilities Expense
503 Transportation Expense

Activity Sheet
Learning Competency/ies: Prepare a Chart of Accounts
Minute Question
Directions:
1. The teacher will give a series of questions that was placed inside of each box.
2. Each question inside the boxes are equivalent to five (5) points which the learners
must answer the questions within the timeframe.
3. The learners to get the highest score will declare winner.
PREPARED BY: GLADYS D. DELA CRUZ

SCHOOL: VICENTER R. BUMANLAG SR.
NATIONAL HIGH SCHOOL

Activity Sheet
Learning Competencies/ies: Identify the uses of the two books of accounts
Code: ABM_FABM11-IIIF-22
Directions: Compare and Contrast the two books of accounts. Ask the students to
find the similarities and differences of the two books of accounts and let the students
explain its uses.
General Journal
Date Account Title and Explanation Ref Debit Credit
General Ledger
Account: Cash Account No.: 1000
Date Item Ref Debit Credit Balance
Scoring Rubric:
POINTS DESCRIPTION
4 • Students understanding of
concepts is clearly evident
• Student uses effective strategies
to get accurate results
• Students uses logical thinking to
arrive at conclusion
3 • Students understanding of the
concept is evident
• Student uses appropriate
strategies to arrive at a results
• Students shows thinking skills to
arrive at conclusion
2 • Student has limited
understanding of a concept
• Student uses strategies that are
ineffective
Activity Sheet
• Student attempts to show
thinking skills
1 • Student has a complete lack of
understanding of concept
• Students makes no attempt to
use a strategy
• Student shows no understanding
Group 2/Team Walwal
Prepared by:
Jennifer L. Santos
Andrea Marie D. Aldueza

Activity Sheet
Learning Competencies: Identify the uses of the two books of accounts
Code: ABM_FABM11-IIIf-22
Mechanics:

2. The group will choose a representative.
3. The representative will be given a Road Map Activity Sheet (or it can be posted
on the board so that everybody can see it)
4. The other members will be given a meta card wherein the meaning or uses of
Journal and Ledger is written. (This should not be revealed to the representative)
5. The group members will give directions to their representative to finish the Road
Map Activity by only saying LEFT, RIGHT, UP and DOWN (no other directions)
6. The representative will have to listen to his/her group members for the direction
and will trace the road until he/she reaches the FINISH.
7. The game will start when the teacher give a go signal.
8. The first group finishes both Journal and Ledger or reach both FINISH win the
game.
META CARD
JOURNAL – is a daily record of business transactions that shows in one place the
complete debit and credit effect of each transactions on the accounts of the business
in chronological order.
LEDGER – is the book of final entry.

Activity Sheet
ROAD MAP
ANSWER KEY

Activity Sheet
Learning Competency/ies: Identify the Uses of the Two Books of Accounts
Code: ABM_FABM11- IIIf-22
Four Picture in One Word
Directions:
Once you start the game, you will be shown a screen with four photographs. These
four photographs each have something in common. Sometimes it will be obvious,
while other times, it can actually be fairly hard to guess. This is especially true of later
levels.
The puzzles are somewhat randomized, but you can expect to find most of the easier
ones early on and more of the harder ones in progressive levels.
One example puzzle has two photographs of women with their arms in the air and
two others of the sea. The common thread in this puzzle is "wave," which is the answer
you will need to type in to pass the level.
PREPARED BY: MICHELLE V. LIWAG

SCHOOL: EXEQUIEL R. LINA NATIONAL
HIGH SCHOOL

Activity Sheet
Learning Competencies/ies: Illustrate the format of a general and special journal
Code: ABM_FABM11-IIF-23
Directions: Describe the format of each special journal. Minimum of at least two
illustrations. One point will be given per each correct answer.

Activity Sheet
Prepared by:
RAINNER D. SABINO

Activity Sheet
Learning Competencies: Illustrate the format of a general and special journals

CODE: ABM_FABMII-IIIf-23
General journal is part of the accounting record keeping system. When an event
occurs that must be recorded it is called a transaction.
General journal entries are transactions recorded in the general journal are:
- Asset sales
- Depreciation
- Interest income and expense
- Stock sales
Journal entry a transactions are recorded in all of the various journals in a debit and
credit format and are recorded in order by date, with the entries being recorded first.
Special journals are in the forms of a table of numerous row as and multiple columns.
Each transactions takes a single row the names of columns vary based on the type of
transaction in a special journal.
Activity:
What are the specific journals that are commonly used?
Answer:
a. sales journal
b. sales returns journal
c. purchase journal
d. purchase return journal
e.cash receipt journal
f. cash payment journal
Activity:
Cite an example of a journal entry that will be recorded in the general journal?
Answer:
Date Account Debit Credit
June 30 Depreciation expense 10, 000.00
Accumulated depreciation 10, 000.00
To record depreciation for the month of June.

Activity Sheet
Learning Competency/ies: Illustrate the Format of a General and Special Journals
Find the Missing Piece
Directions:
1. Each of the students will be given an illustration of General Journal and Ledger that
cut into pieces.
2. 2. The students will complete the missing part of the Journal and Ledger.
3. 3. After which they will post the different part of the Journal and Ledger that can
be find in a bowl of words.
4. The group who will first to finish has the highest score.
PREPARED BY: ARRIANE V. LUCAS

SCHOOL: STA. ROSA NATIONAL HIGH SCHOOL

Activity Sheet
Learning Competency: Illustrate the format of a general and subsidiary ledger

PASSWORD
Choose two students to be the "contestants." You can always use the "I'm thinking
of a number ..." guessing game to determine the contestants. Those two students go
to the front of the room and face their classmates. Reveal a secret word -- write it on
the chalkboard or a chart or hold up a card -- to everyone but the two contestants.
The rest of the students raise their hands to volunteer one-word clues that might help
the contestants guess the word. Contestants take turns calling on clue volunteers until
one of the contestants correctly guesses the secret password.The two students in front
will not have same possible clues, the other student will give clues that are related to
a characteristic of a general ledger and the other one is for the sudsidiary ledger. The
one who can guess the word will also identify whether it is a general or subsidiary
ledger. The contestant who guesses the password remains at the front of the class; the
student who gave the final clue replaces the other contestant.
Tip: Choose words/phrase appropriate for your students' abilities. Words for
which they might know multiple synonyms or meanings are best! You
might use a thesaurus to create a list of possible words before playing the
game. Write those words in large letters on cards so students can use them
as the game is played.
Sample password: asset(general)

Possible clues: land, cash, furniture
Sample password: accounts payable(subsidiary)
Possible clues: bought repair equipment on credit
The highest among the two will get a highest possible score.
Rubrics:
30% Creativity
40% Knowledge
30% Accuracy
------
100% Total

Activity Sheet
Learning Competency/ies: Illustrate the format of a general and subsidiary ledger

FACT OR BLUFF
Directions:
The class will be divided into 3 groups.
Each group will have an illustration board and chalk.
The teacher will present ideas about the format of a general and subsidiary
ledger.
Each group will have to identify if the statement is a factor a bluff.
Answers will be written at the illustration board.
FACT: A subsidiary ledger is a ledger designed for the storage of specific types of
accounting transactions.
FACT: Once information has been recorded in a subsidiary ledger, it is periodically

summarized and posted to an account in the general ledger, which in turn is used to
construct the financial statements of a company.
FACT: A subsidiary ledger is also known as a subledger or a subaccount
BLUFF: Subsidiary ledgers are used when there is a small amount of transaction
information that would clutter up the general ledger.
FACT: An example of subsidiary ledger is account receivable ledge.

Rubrics:
2 points will be awarded for each correct answer.
Prepared by: Kim Allen DG. Galindo

School: Talavera National High
School

Activity Sheet
Learning Competencies: Describe the nature and gives examples of business

transactions
CODE: ABM_FABM11-IIIg-j-25
Jumbled Letters
Mechanics
1. You are given different pictures to have a better idea of what is business
transaction.
2. Form a group consist of four members, arrange the jumbled letters and share
your ideas why these pictures of activities are considered as business
transactions.
3. Present to the class the result of different ideas gathered from your group
mates in the best way possible.
Rubrics
Accuracy- 25%
Content- 25%
Creativity- 25 %
Presentation- 25%
100%
Below are the pictures showing different Business Transactions. Arrange the JUMBLED
letters in order to describe them properly.
TONUIACSIIQ OF ASSET INRBOOGRW OF CASH
SNBSIEUS ITSACATNONR

Activity Sheet
PMEAYTN OF PAYABLES LSEA OF GOODS
ANSWER KEY
ACQUISITION OF ASSET BORROWING OF CASH
BUSINESS TRANSACTION
PAYMENT OF PAYABLES SALES OF GOODS
Senior High School

ABM Track – Fundamentals of Accountancy, Business and Management 1

Activity Sheet
Learning Competency/ies: describe the nature and gives examples of business
transactions
Code: ABM_FABM11- IIIj-25
ROLE PLAYING
Directions:
The class will be divided in to two groups.
Each group will need to prepare a 3-minute skit depicting a business transaction.
One group will represent a business transaction using cash and the other using a
credit.
10 minutes will be given for the preparation of the skit.
Rubrics:
50% for the creativity
50% for the content
Prepared by: Kim Allen DG. Galindo

School: Talavera National High
School

Activity Sheet
Learning Competency: Identify the different types of business documents
Code: ABM_FABMII-IIIg-j-26
Different Types of Business Documents
TRIO RAP (GROUP RAP)
Activity 1
Mechanics/ Direction
Your trio should create a rap or a song that includes different types of business
document
If you’d like, use the melody of a common song.
Perform your rap/song for another trio.
Activity 2
TRIO TRADING CARDS (GROUP TRADING CARDS)
Mechanics/ Direction
Each student writes a “how” or “why” question about the topic on the card.
Pass your card to another trio member and each person answers the question
on the new card
Pass the card to the third member who has not had it yet. That person reads
the question and answer aloud.

Activity Sheet
Learning Competency/ies: Identify the different types of business documents
Code: ABM_FABM11- IIIg-j-26
4 PICS 1 WORD
Directions:
The class will be divided into four.
The teacher will present pictures of different types of business transactions.
The student will need to identify each picture on which business transaction it
belongs.
Rubrics:
5 points will be given for every correct answer.
Prepared by: JADE PINEDA NULOT LPT

Position: Teacher I
School: SAN JOSE DEL MONTE NATIONAL
TRADE SCHOOL
Division: SAN JOSE DEL MONTE

Activity Sheet
Learning Competencies: Analyze common business transactions using the rules of
debit and credit
CODE: ABM_FABM11- IIIg-j-27
Instruction: Using the table below, analyse the following transactions using the rules of
debit and credit.
June 1 De Guzman made an investment in cash P20,000 and furniture

P10,000 to start his business, named Cornelio Medical Clinic.
5 Purchased medical supplies for cash P5,000.
9 Purchased medical equipment on account for P15,000 from Tongol
Laboratory Equipment.
11 Received cash from customers P4,200 for treatment done on their pets.
17 Paid 50% of its account to Tongol.
22 De Guzman made a cash withdrawal for personal use P5,000
24 Collected P4,200 from customers who were billed last June 20
26 Accounts Payable to Tongol is due. Issued a promissory note pay after 10
days.
28 Paid Meralco bill used up P3,000
29 The note was paid from the personal cash of the owner
DATE ACCOUNT NATURE OF INCREASE/DECREASE DEBIT CREDIT

INVOLVED ACCOUNT

Activity Sheet
Learning Competency/ies: Analyze common business transactions using the rules of

debit and credit
POST IT!
Directions: The class will be divided into three.
Each group will have a manila paper and a marker. Manila paper will serve as the
ledger.
The teacher will present different transaction and they have to post it to the right
account.
Make the correct journal entry for each transaction of Woo Company.
Jan 5, 2017 Invested additional 50,000 pesos.
Jan 8, 2017 Bought office supplies 15,000 cash.
Jan 10, 2017 Bought equipment on account 100,000 pesos.
Jan 16, 2017 Paid telephone expense 2,300 pesos.
Jan 16, 2017 Paid 40,000 for the employee salaries.
Jan 18, 2017 Earned 85,000 from services rendered.
Jan 20, 2017Withdrew 5,000 cash for personal use.
Jan 24, 2017 Paid the equipment bought on Jan 10
Rubrics:
5 points will be given for every correct answer.
Prepared by: Danica Marie Soriano

School: Sto. Domingo National Trade
School

Activity Sheet
Learning Competencies : Solve simple problems and exercises in the analyses of

business transaction.
The Royal Laundry Services was opened along the University Belt by Pauline De Jesus
on Sept 01, 2014 with a cash investment of P50,000 and furniture and fixtures worth
P5,000. The following additional transactions occurred during the month:
Sept 3 Rented a store space for a monthly fee of P5,000 to be paid in advance
at the start of every month.
4 Hired a clerk and two workers at a monthly salary of P4,000 each.
5 Bought washing supplies for cash, P4,500.
6 Rendered services to the boarders of Loredo’s Dormitory and received

P2,500 cash.
10 Billed following clients for washing services rendered: San Lorenzo

boarders- Mitch Eulogio P1,000 and Helen Narvasa, P500; Holy Spirit
boarders- Kristy Gatdula, P1,500 and Myrna Tan, P750.
11 Cash Receipts for washing services, P2,500.
13 Paid for taxes and licenses P1,500.
14 Collected in full the account of Mitch Eulogio.
15 Paid the salaries of the clerk and workers, P6,000
25 Paid bills from: PLDT, P1,875; Meralco, P4,550 and MWSS, P750.
Mechanics:
• Form a group with 5 members
• Analyze the transactions and record the transactions in 2-column paper.
• Present the activity on the board.

Activity Sheet
Learning Competency/ies: Solve simple problems and exercises in the analyses of
business transaction
SCRAMBLED WORDS
Directions:
The teacher will present scrambled words.
The student will need to arrange the scrambled words to create a complete
thought
Rubrics:
The objective of the game is to rearrange the jumbled words to form a sentence
involving business transactions.
5 points will be given each group for every correct answer.
Prepared by: Rowie Grace P. Olis

School: Talabutab Norte National High School

Activity Sheet
Learning Competencies: Describe the nature of transactions in a service business
Code: ABM_FABM11-IVa-d-29
Role Play in the service business transaction.
Directions:
1. The teacher will divide the class into four (4) groups and let the students have
the group dynamics techniques about the nature of business.
2. The students will discuss the nature of business and examples of business
transactions.
3. The students will choose an example of service business they will portray and
describes the transaction being used.
4. The teacher will allow the students to practice for their role playing.
5. The teacher and the students will develop rubrics to be used.
(Suggested Rubric)
Criteria Percentage
Creativity (Ability to create an outcome with regards to 30%

the topic)
Relevance (Ability to relate the scenario to the main 30%
topic)
Over-all group performance (every group member 30%
performed each part)
Audience Impact 10%
Total 100%
Prepared By: Rhoda P. Inalvez

School: San Pedro National High
School
Division: Tarlac Province

Activity Sheet
Learning Competencies: Describe the Nature of transactions in a service business.
Code: ABM_FABM11 - IIIg-j-29
Matching Type
Column A
1. Health Services
2. Catering Services
3. Rental Services
4. Consulting Services
5. Photography Services
Column B
a. It is most often used when a company needs an outside, expert opinionregarding a

businessdecision.
b. It is the business of providing food service at a remote site or a site such as a hotel,
public house, or other location.
c. It is a business which means any professional services engaged in the business of

rendering service relating to photography.
d. It is a business which means any medical or remedial care or service, including

supplies delivered in connection with the care or service, that is recognized under
statelaw.
e.An item that is leased out for a specific amount of time and is governed by either a
verbal or written agreement.

Activity Sheet
Learning Competency/ies: Describes the nature of transactions in a service
business
Code: ABM_FABM11- IVa-d-29
DRAW IT BABY
Directions:
There will be 1 representative each group.
The teacher will present sample of nature of transaction in a service business to

each representative.
Representative will draw it on the board.
Other group members will need to guess which kind of business transaction is
being draw.
The student will need to arrange the scrambled words to create a complete
thought
Rubrics:
Prepared by: Jeramie P. Mercado

School: Magpapalayok National High School

Activity Sheet
Learning Competency: The learners should be able to record transactions of a
service business in the general journal.
Mechanics:
1. The learners will be grouped into five groups.
2. The teacher will distribute samples of service business transactions.
3. The learners will record it accordingly in the given general journal.
4. Select one representative from each group and ask to explain how the
recording of service business transactions in the general journal is being made.
Note: Use the remaining hours to ask learners to give their own examples in relation
of recording service business transactions in the general journal.
Prepared by: Kahren D. Alaan

School: Moncada National HighSchool

Activity Sheet
Learning Competencies: Records transactions of a service business in the general
journal
CODE: ABM_FABM11-Ia-d-30
.
Keep a diary of your daily expenses.
1. Shiela’s mother give her P 1000.00 as her allowance for this week.
Enrty Cash 1000.00
Shiela’s Capital 1000.00
2. Sheila needs to buy some water color for her project.
Entry Water color 100.00
Cash 100.00
3. Shiela buy her lunch.
Entry Lunch 120.00
Cash 120.00
4. Sheila spend 300.00 for her transporation.

Entry Transporatation 300.00
Cash 300.00
5. Shiela wants to buy ballpen and papers worth 60.00
Entry Ball pen & paper 60.00
Cash 60.00

Activity Sheet
Learning Competency/ies: Records transactions of a service business in the
general journal
Code: ABM_FABM11- IVa-d -30
I-RECORD MO KO!
Directions:
The teacher will present scenarios
The student will need to identify the proper entry of each scenario
Rubrics:
Prepared by: Liezel P. Muyo

School: Cabiao National High School

Activity Sheet
Learning Competency: Posts transactions in the ledger
Code: ABM_FABM11-Iva-d-31
The General Ledger

Activity Sheet
Required:
• Prepare general ledger for the given general journal.
Prepared by: Maya Miriam A. Flores

Position: Teacher-II
School: Benigno S. Aquino National High
School

Activity Sheet
Learning Competency: Posts transactions in the ledger
Journal Entries of Meneses General Merchandise for the month of December, 2016
December 01 Cash P 900,000

Automobile 750,000
Meneses, Capital P 1,650,000
02 Advertising Expense 20,000
Cash 20,000
02 Prepaid Rent 24,000
Cash 24,000
04 Furniture & Fixtures 120,300
Accounts Payable 120,300
09 Inventories 120,000
10 Cash 100,000
Notes Receivable 150,000
Sales 250,000
11 Accounts Receivable 270,000
Sales 270,000
13 Accounts Payable 70,500
Cash 70,500
15 Salaries Expense 27,500
Cash 27,500
18 Cash 60,000

Activity Sheet
Learning Competency/ies: posts transactions in the ledger
POST IT!
Directions:
The class will be divided into three.
Each group will have a manila paper and a marker. Manila paper will serve as
the ledger.
The teacher will present different transaction and they have to post it to the
right account.
Rubrics:
3 points will be given for each correct answer.

Activity Sheet
LEARNING COMPETENCY: Prepares a Trial Balance
CODE: ABM_FABM11- IVa-d-32
Accounting Trial Balance- Problem and Solution
(Activity)
DIRECTIONS:
1. Record the following transactions in the Journal and prepare a Trial Balance.
Oct. 1 Neel started business with a capital of 80,000

3 Bought goods from Karl on credit
4 Sold goods to Tarl 25,000
5 Cash purchases 25,000
7 Cash sales 15,000
9 Goods returned to Karl 2,000
10 Bought furniture for 15,000
11 Cash paid to Karl 12,000
12 Goods returned by Tarl 3,000
14 Goods taken by Neel for personal use
15 Cash received from Tarl 12,000
16 Took loan from Parl 30,000
17 Salary paid 5,000
18 Bought stationery for 1,000
19 Amount paid to Parl on loan account 18,000
20 Interest received 4,000
Journal in the books of Mr. Neel

For the period from Oct. 1 to 20, 2015
Date No. Particulars L/F Amount Amount
(Dr) (Cr)
Oct. 1 - Cash - 80,000
Dr - 80,000
Neel, Capital
Neel invested cash
3 - 20,000
Goods/Stocks - 20,000
Accounts Payable
4 - 25,000

Activity Sheet
Cash -
Sales 25,000
5 - 25,000
Purchases -
7 Cash - 15,000 25,000
Cash -
Sales 15,000
9 - 2,000
Cash -
Sales Returns and 2,000
10 allowances 15,000
Furniture 15,000
11 Cash 12,000

12 Cash 3,000

Purchase Returns and 3,000
14 allowances
3,000
Neel, Drawing
15 Goods 12,000
Cash 12,000
16 Sales 30,000
Cash 30,000
17 Loans Payable 5,000
Salaries/Wage 5,000
18 Cash 1,000
Stationery 1,000
19 Cash 18,000
Loans Payable 18,000

20 Cash 4,000
Cash
Interest Income

Activity Sheet
Trial Balance
For the period from Oct. 1 to 20, 2015
Debit Credit
Cash 65,000 P
Capital 80,000
Goods 3,000
Karl 6,000
Tarl 10,000
Furniture 15,000
Drawings 3,000
Salaries 5,000
Stationery 1,000
Interest ______________ 4,000
P102,000
P102,000
Prepared by: Merly L. Pingol

School: Cristo Rey High School
Division: Tarlac

Activity Sheet
Learning Competencies : prepares a trial balance
Trial Balance
Mechanics:

• Prepare the Trial Balance of Roque Services for the month ended,
October 2016
Misc. Expense 1,000 Office Supplies 7,200

Cash 110,500 Salaries Expenses 21,000
Accounts Receivable 56,700 Utilities Expenses 7,900
Prepaid Rent 12,000 Loans Payable 50,000
Service Income 176,900 Furniture & Fixtures 23,900
Accounts Payable 66,300 Equipment 78,000
Roque, Drawing 50,000 Roque, Capital 100,000
Notes Receivable 25,000

Activity Sheet
Learning Competency/ies: Prepares a trial balance
WALANG LAMANGAN, DAPAT BALANCE!
Directions:
The teacher will present accounts
The student will need to identify the proper entry of each account to make it
balance
Rubrics:
Prepared by: Rowie Grace P. Olis

School: Talabutab Norte National High School
Prepared by: Jeramie P. Mercado

School: Magpapalayok National High School
Prepared by: Liezel L. Muyo

Division:

Activity Sheet
Learning Competency: Prepares adjusting entries
Quiz Bee
Directions:
• Group the class into five groups. Each group will be given illustration board
and chalk.
• The group will write their answers at black part of the illustration board. All
groups will answer the same set of questions about Adjusting Entries that will
be flashed on the monitor.
• There will be three components in the quiz namely: Easy, Average and
Difficult.
• After the time limit, the whistle is blown by the facilitator. The groups must
stop writing and must raise their answer boards.
• The group who gets the highest number of points is automatically declared
the champion and they will get plus points on their test.
Questions:
1. What type of entry will increase the normal balance of the general ledger
account Service Revenues?
Answer: Credit
2. What type of entry will increase the normal balances of the general ledger
accounts Electricity expense, Insurance expense, Interest expense and Repairs
expense?
Answer: Credit
3. What type of accounts are Interest Receivable and Fees Receivable?

Answer: Asset
4. What type of accounts are Deferred Revenues and Unearned Revenues?

Answer: Liability
5. What type of entry will decrease the normal balances of the accounts Prepaid
Insurance and Prepaid Expenses and Insurance Expense?
Answer: Credit
6. In the case of a company’s accrued interest expense, which of the following will
occurs first?
a. Incurring the interest expense b. Paying the interest to the lender
Answer: Letter A

Activity Sheet
7. Which type of adjusting entry is often reversed on the first day of the next
accounting period?
Answer: Accrual
Use the following information to answer questions 8-13:

A company borrowed PHP1,000,000.00 on December 1 by signing a six-month
note that specifies interest at an annual percentage rate (APR) of 12%. No interest
or principal payment is due until the note matures on May 31. The company
prepares financial statements at the end of each calendar month. The following
questions pertain to the adjusting entry that should be entered in the company’s
records.
8. What date should be used to record the December adjusting entry?

Answer: December 31 (the last day of the accounting period)
9. How many accounts are involved in the adjusting entry?

Answer: Two
10. What is the name of the account that will be debited?

Answer: Interest Expense (an income statement account)
11. What is the name of the account that will be credited?

Answer: Interest payable (a balance sheet account)
12. What is the amount of the debit and the credit?

Answer: PHP10,000.00
Computation: 12% per year is 1% per month X PHP1,000,00.00 = PHP10,000 per
month.

Activity Sheet
Learning Competencies : Prepares adjusting entries
Adjusting Entries:
Paras Consulting Agency

Trial Balance
as of December 31, 2013
Dr Cr
Cash 50,500
Accounts Receivables 18,500
Notes Receivables 50,600
Unused Supplies 13,600
Prepaid Insurance 24,000
Furnitures and Fixtures 56,000
Office Equipment 49,600
Building 1,500,000
Land 1,000,000
Notes Payable 100,500
Paras, Capital 1,500,000
Paras, Drawings 32,000
Legal Fees Revenue 926,500
Advertising Expense 54,200
Utilities Expense 11,800
Salaries Expense 46,200
Miscellaneous Expense 7,500
Total 2,914,500 2,914,500
Continuation of Learning Competencies 33
Additional information on December 31,2013 follows;
a. 7% of Allowance for doubtful accounts should be recognized.

b. Supplies on hand, P8,500.
c. Office equipment’s were acquired January 01, 2012 with an estimated
useful life of ten years and no salvage value.
d. Prepaid insurance payment was made last October 01, 2013 and it is
covered for the 6 months.

Activity Sheet
e. Notes Payable is for 6 months with an interest of 10% dated October 31,
2013.
f. The company receives its electric bill last December 28, 2013 amounted to
P12,500, the company intends to pay its bill on January 05, 2014.
g. Unpaid Salaries amounted to P15,000.
Mechanics:
• Do the adjusting entries of the additional information on Dec 31, 2013.
• Present the activity on the board.

Activity Sheet
Learning Competency/ies: Prepares adjusting Entries
Filling
Directions:Fill in the blanks. Make a crossword puzzle out of the adjusting entries
words. Choose the answer in the box below.
1. ____________ is shown in the balance sheet as liability.
2. Expired cost of any fixed asset means______________.
3. Interest received in advance is a liability that is known as____________.
4. Income that has been received in advance is known as_____________.
5. ___________ is categorized as current asset.
6. ___________ are expenses that have been incurred but not paid till the end of
the accounting period.
7. Revenue earned but not received till the end of the accounting period is known
as____________.
8. Expenses paid in advance is also known as_____________.
A trial balance prepared after taking into account the effect of adjusting entries is
known as ______________.
UNEARNED INCOME DEPRECIATION PREPAID RENT
UNEARNED INTEREST OUTSTANDING EXPENSES PREPAID EXPENSE
ADJUSTED TRIAL BALANCE ACCRUED REVENUE
Prepared by: Sienna Marie V. Evangelista

School :Carranglan National High School
Division : Nueva Ecija

Activity Sheet
Learning Competency/ies: records transactions of a merchandising business in the
general and special journals
Code: ABM_FABM11- IVa-d-34
Directions:
Prepare the financial statements and the closing entries.
RAA Servicing
Adjusted Trial Balance
Nov.30, 2016
Dr. Cr.
Cash P1500,000
Accounts Receivable 420,000
Supplies 100,000
Patent 50,000
Store Equipment 356,000
Accumulated Depreciation 150,000
RAA Capital 986,000
RAA Withdrawal 10,000
Service Income 1,300,000
Rent Expense 40,000
P2,536,000 P2,536,000
Prepared by: REALETHLYN A. AGUINALDO

Position: TEACHER II
School: DONA JUANA CHIOCO NATIONAL
HIGHSCHOOL
Division: NUEVA ECIJA

Activity Sheet
Learning Competency: Complete the accounting cycle.
Instructions:
• Fill up the chart to make complete.
THE ACCOUNTING LIFE CYCLE

Activity Sheet
Learning Competency: Describe the nature of transactions in a merchandising
business.
Code: ABM_FAMBM11-IVe-j - 35
Instruction:
1. Divide the class into3-5 groups.
2. Provide each group improvised JENGA BLOCKS.
3. Every group will arrange as provided in the box of the JENGA
blocks.10-15 blocks have provided merchandising transactions should
be placed middle and lower part of the arrangement.
4. The learner will pull out anywhere a block and in that block the
learner will identify the nature of each transaction provided.
5. Let the learners enjoy the JENGA game.

Activity Sheet
Learning Competency/ies: describes the nature of transactions in a merchandising
busines
Code: ABM_FABM11- IVe-j -35
Fact or Bluff
Directions:
1. “Fact or Bluff” is a unique educational game show. Participants will be divided

into 5 groups consisting of 5 members each
2. The game shall have two rounds namely : “ Believe me or not” and “Final Three”
3. In round one entitled “Believe Me or Not”, 7 questions will be asked. The 2
groups who gained the highest score will proceed to the final round.
4. The last round of the game is entitled “Final Three”. In this round, scores of the
remaining 2 teams will be wiped back to zero.
5. Three questions will be asked with 5 choices each. From the five given choices,
the remaining teams must be able to identify the three correct answers.
Prepared by:
Zarinah Jane B. Gervacio

Activity Sheet
Learning Competency: Records transactions of a merchandising business in the
general and special journals.
Instruction:
1. Divide the class into6 groups.
2. Each group will record transactions of a merchandising company
using perpetual inventory.
Transactions in a perpetual inventory are given as follows:
May Abril purchased merchandise for cash, Php 50,000.00. The entry to record this
transaction is:
On the other hand, If May sold Php 20,000.00 worth of merchandise for Php
40,000.00, the entry to record this transaction is:
Assuming this time, May Abril purchased from Joseph Trading merchandise on
account, Php 100,000.00. At the same time, paid for the freight on the said pruchase
, Php 2,500.00. The entry would be:
And after two days, May returned defective merchandise bought from Joseph
amounting to Php 5,000.00. The entry would be:
If on the other hand, May Abril sold to Janet Supermart merchandise worth Php
50,000.00 on account at gross profit of 50 percent. The entries would be:
Let’s assume again that after three days, Janet issued a debit memorandum
amounting to Php 1,800.00 for defetive goods received from May. The entries to
record the return would be:
Answer key:
Merchandise Inventory PhP 50,000.00
Cash PhP 50,000.00
To record merchandise bought
Cash 40,000.00
Sales 40,000.00
To record merchandise sold
Cost of Goods Sold 20,000.00
Merchandise Inventory 20,000.00
To record the transfer of inventory sold to cost of goods sold account
Accounts Payable 100,000.00
To record merchandise bought
Cash 2,500.00
To record freight paid
Accounts Payable – Joshua Trading 5,000.00

Activity Sheet
To record returned merchandise
Accounts Receivable 50,000.00
Sales 50,000.00
Sold merchandise on account
Cost of Goods Sold 25,000.00
To record cost of goods returned

Activity Sheet
Learning Competency/ies: records transactions of a merchandising business in the
general and special journals
Code: ABM_FABM11- IVe-j-36
PASSAGE HUNT
Directions:
For each transaction, choose the letter that corresponds the journal entry from the
table and write your answers in the boxes provided to reveal the passage.
The following transactions were made by Bitoy, owner of Bitoy’s Minimart for the
month of April.
1-Purchased P10,000 worth of merchandise from D.Davis, terms 2/10,n/30.
2-Received the goods from Apr.1 transaction and paid P2,000 for the
transportation cost.
3-P1,000 worth of goods from D. Davis were returned.
7. Sold P8,000 worth of goods to S. Jara, terms 2/10,n/15.
8- Sold P5,000 goods to S. Evangelista, terms 1/15,n/30.
9-S. Jara returned defective goods, P1,000.
10-Received cash from S. Jara as payment for Apr.7 transaction.
11-Paid the balance to D. Davis.
A Sales Returns and Allowances B Cash 6860

2,000 Sales Discount 140
Accounts Receivable Accounts Receivable
2,000 7,000
F Transportation Out 2,000 I Purchases 10,000
Cash 2,000 Accounts Payable 10,000
O Accounts Payable 1,000 E Accounts Receivable 5,000
Purchase Ret.& Allow. Sales 5,000
1,000

Activity Sheet
M Accounts Payable 11,000 T Cash 7840
Cash Sales Discount 160
10,780 Accounts Receivable
Purchase Discount 8,000
220
V Accounts Receivable 8,000 L Transportation In 2,000
Sales 8,000 Cash 2,000
A Sales Returns and Allowances B Cash 6860

2,000 Sales Discount 140
Accounts Receivable Accounts Receivable
2,000 7,000
F Transportation Out 2,000 I Purchases 10,000
Cash 2,000 Accounts Payable 10,000
O Accounts Payable 1,000 E Accounts Receivable 5,000
Purchase Ret.& Allow. Sales 5,000
1,000
M Accounts Payable 11,000 T Cash 7840
Cash Sales Discount 160
10,780 Accounts Receivable
Purchase Discount 8,000
220
V Accounts Receivable 8,000 L Transportation In 2,000
Sales 8,000 Cash 2,000

Activity Sheet
The passage is:
Prepared by: REALETHLYN A. AGUINALDO

School: DONA JUANA CHIOCO NATIONAL HIGHSCHOOL
Division: DIVISION OF NUEVA ECIJA

Activity Sheet
Learning Competency: Post transactions in the general and subsidiary ledgers
Code: ABM_FAMBM11-IVe-j – 37
Instructions:
1. Answer the activity individually.
2. Read and analyze the two account titles and the given transactions
3. Post the transactions to its respective subsidiary ledger
4. Post each account title to the general ledger
On April 1 2018, John Ferrer organized a business called Friendly Trucking. During
April, the company entered into the following transactions:
April 1 John Ferrer deposited Php 500,000 cash in a bank account in the
name of the business
April 1 Purchased for Php 250,000 a transportation equipment to be use in the

business. John paid 50% as down payment, while the balance will be
paid on May 15, 2018.
April 8 Earned trucking income from Janet Php 30,000 on account. Janet will
pay on May 8, 2018
April 10 Paid salaries of drivers, Php 10,000
April 15 Rented the vehicle to Kate for Php 35,000, Kate paid Php 20,000 on
thatdate and the balance on April 20
April 18 Paid electric bills for the month, Php 2,000
April 20 Collected from Kate the balance of his April 15 account

Activity Sheet
Learning Competency/ies: posts transactions in the general and subsidiary ledgers
Code: ABM_FABM11- IVe-j-37
Directions:
Identify the amounts to be posted in the general and subsidiary ledger using the
journal entries from the previous activity.
A. Subsidiary Ledger
1. Accounts Receivable from S. Jara
2. Accounts Receivable from S.Evangelista
3. Sales Discounts
4. Sales Returns
B. General Ledger
1. Cash
2. Accounts Receivable
3. Accounts Payable
4. Sales (net)
Rubrics:
Prepared by: MARRIANE M. TUMPALAN

School: CABIAO NATIONAL HIGH SCHOOL

Activity Sheet
Learning Competency: Prepares a Trial Balance
ACTIVITY : POSTING OF TRANSACTION TO THE LEDGER
Account Particulars Amount

Code
₱
101 Cash on Hand 20,000.00
102 Cash In Bank 350,000.00
BDO-San ₱
Fernando 150,000.00
BPI-San Fernando 100,000.00
Land Bank-San
Fernando 100,000.00
Cash In Bank
Date Bank name Deposit Payment
₱
Sep-01 BDO 200,000.00
5 BPI 150,000.00
₱
6 BPI 50,000.00
17 Land Bank 75,000.00
28 BDO 50,000.00
30 Land Bank 75,000.00 50,000.00
₱ ₱
TOTAL 500,000.00 150,000.00

Activity Sheet
Learning Competency/ies: Prepares a trial balance
Code: ABM11_IVe-j-38
Idebit mo, Icredit ko.
Directions:
Prepare a Trial balance for this business.
Redd Manor began professional practice as a system analyst on July 1. He plans

to prepare a monthly financial statement. During July, the owner completed these
transactions:
July 1. Owner invested P500,000 cash along with computer equipment that had a
market value of P200,000 two years ago but was now worth P100,000 only.
July 2. Paid P 15,000 cash for the rent of
office space for the month.
July 4. Purchased P12,000 of additional equipment on credit (due within 30 days).
July 8. Completed awork for a client and immediately collected the P32,000 cash.
July 10. Completed work for a client and sent a bill for P27,000 to be paid within 30
days.
July 12. Purchased additional equipment for P8,000 in cash.
July 15. Paid an assistant P6,200 cash as wages for 15 days.
July 18. Collected P15,000 on the amount owed by the client.
July 25. Paid P12,000 cash to settle the liability on the equipment purchased.
July 28. Owner withdrew P500 cash for personal use.
July 30. Completed work for another client who paid only P40,000 for 50% of the
system design.
July 31. Paid salary of assistant P700.
July 31. Received PLDT bill P1,800 and Meralco bill P3,800.

Activity Sheet
Journal entries for the above transactions:
July 1 Cash 500,000
Computer Eqpt 100,000
Capital 600,000
2 Rent Exp 15,000

Cash 15,000
4 Equipment 12,000
8 Cash 32,000
Services rendered (income) 32,000
10 Accounts Receivable 27,000

Services rendered (income) 27,000
12 Equipment 8,000
Cash 8,000
15 Salaries & Wages 6,200

Cash 6,200
18 Cash 15,000
25 Accounts Payable 12,000

Cash 12,000
28 Drawings 500
Cash 500
30 Cash 40,000
31 Salaries & Wages 700

Cash 700
31 Utilities Exp (PLDT) 1,800
Utilities Exp (Meralco) 3,800

Activity Sheet
Answer:
Trial Balance for Redd Manor

on the 31st of July 2017
Debit Credit
Computer Equipment ₱100,000.00

Equipment ₱20,000.00
Accounts Receivable ₱52,000.00
Cash ₱544,600.00
Capital ₱600,000.00
Accounts Payable ₱5,600.00
Drawings ₱500.00
Service Income ₱139,000.00

Rent ₱15,000.00
Slaries and Wages ₱6,900.00
Utilities expense(PLDT ₱1,800.00
Utilities expense
(Meralco) ₱3,800.00
₱744,600.00 ₱744,600.00
Prepared by: CARL LOUIE R. NOCUM

School: TALAVERA NATIONAL HIGHSCHOOL

Activity Sheet
Learning Competency/ies: Prepares adjusting entries
Code: ABM_FABM11-IVe-j-39
Directions:
Choose the right adjusting entries below.
15th April: Purchased building for 750,000 with 10 years useful life.
20th April: Delivered goods worth 28,000 to Tarun but no cash received. No entry
recorded.
30th April: 36,000 cash advanced to Marcelo for rent which is consumable for
three years. Recorded the whole amount as expense.
Choose the right adjusting entries below.
Dr Cr
Accounts Receivable 28,000 Rent Expense 28,000
Depreciation Expense 53,125 Sales 28,000
Prepaid Rent 28,000 Accumulated Depreciation 53,125
Prepared by: Xavier A. Ortiz, RCA, CPA


Activity Sheet
Learning Competency: Prepares adjusting entries.
Instruction:
1. Divide the class into6 groups.
2. Prepare adjusting entries on the given transaction(Perpetual
Inventory).
ABM company has an unadjusted trial balance in inventory of PhP 45,000.00 and
PhP 150,000.00 in cost of goods sold. The physical inventory count came to PhP
43,000.00. It has a difference of PhP 2,000.00 in the inventory (PhP 45,000.00
unadjusted inventory-PhP 43,000.00 physical count) that needs to be recorded.
ABM company want to reduce the inventory and increase their expense account
Cos of Goods Sold.
1. The journal entry would be:

2. What would be the adjusted merchandise inventory.
Answer Key:
1. Cost of Goods Sold PhP 2,000.00

Merchandise Inventory PhP 2,000.00
To adjust inventory to match the physical count
Debit Credit Balance

2. Merchandise Inventory
Unadjusted balance PhP 45,000.00
Adjust for shortage 2,000.00 43,000.00
Cost of Goods Sold

Unadjusted balance PhP 150,000.00
Adjust for shortage 2,000.00 152,000.00

Activity Sheet
Learning Competency: Completes the accounting cycle of a merchandising
business.
“NAME THAT SCENE”
Instruction:
1. Analyze the picture.
2. Put a label on the numbers below which will describe the situation
portrayed in the scene.
Answer:
1. Cash
2. Buy Merchandise
3. Sell to Costumer
4. Collect to Costumer

Activity Sheet
Learning Competency/ies: complete the accounting cycle of a merchandising
business.
Code: ABM_FAM11-IVe-j-40
Complete Me
Directions:
1. Divide class into 5 groups.

2. Each Group will make worksheet given the information below.
3. Analyze the adjustments.
4. Journalize the adjusting entries and complete the worksheet.
Mario Bana is a lawyer specializing in corporate tax.

Provided below is a Trial Balance taken on Dec. 31, 2016.
Bana Legal Services

Trial Balance
December 31, 2016
Cash Php 75,000

Office Supplies 8,000
Prepaid Insurance 12,000
Office Equipment 150,000
Computer Equipment 60,000
Notes Payable Php 50,000
Bana, Owner's Equity 114,000
Bana, Withdrawals 35,000
Consulting Revenues 390,000
Rent Expense 50,000
Telephone Expense 10,000
Php 559,000 Php 559,000

Activity Sheet
Information for year-end adjustments:
a. Office Supplies on hand at year-end amounted to Php 3,000.
b. On Jan. 1 of the current year, Bana purchased office equipment which
cost Php 150,000 with an expected life of 5 year and no salvage value.
c. Computer Equipment costing Php60,000 with an expected life of three
years and no salvage value was purchased on July 1 of the current year.
d. A premium of Php12,000 for a one-year insurance policy was paid on
Dec. 1.
e. Salaries earned by legal aide, which have not yet been paid amounted
to Php3,000.
Required:
1. Prepare the adjustments on the worksheet and complete the worksheet.
2. Journalize the adjusting entries.
Rubrics:
10 points for journalized adjusting entries.
10 points for adjusted trial balance.
10 point for income statement.
10 points for balance sheet.
Prepared by: Lorelyn F. Calipusan, LPT

Position: Teacher I
School: Sapang Palay National High
School
Division: San Jose del Monte

Activity Sheet
Learning Competency: Prepare the Statement of Goods Sold and Gross Profit
Instruction:
• Rearranged the word to form the right word and put it in the space
provided on the diagram.
1. gineginnbnetoryvin
2. chasespur
3. ableavailrof leas
4. ningedventoryin
5. toscfodogolods

Activity Sheet
Learning Competency/ies: Prepares the statement of Cost of Goods Sold and
Gross Profit
Code: ABM_FABM1-IVe-J-41
Product mo, Magkano?
Directions:
The teacher will give the formula of COGS and the students will make their own
product and prepare their own COGS.
Cost of Goods Sold

Beginning Raw Materials xx
Materials Purchased xx
Total Goods Available for use xx
Ending Raw Materials (xx)
Raw Materials used xx
Direct Labor xx
Factory Overhead xx
Total Manufacturing cost xx
Beginning WIP xx
Ending WIP (xx)
Cost of Good Manufactured xx
Beginning Finished Goods xx
Total Goods Available for sale xx
Ending Finished goods (xx)
Cost of Goods sold xx
Prepared by: Xavier A. Ortiz, RCA, CPA


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