Grade Level Grade 11 Quarter Fourth

Semester Second Region 1

Fundamentals of
Learning Area Accountancy, Business Teaching Date: February 14, 2019
and Management 1

I. OBJECTIVES
A. Content Standards The learner demonstrates understanding of the accounting equation.
The learner shall be able to solve problem applying the accounting equation.
B. Performance Standards
C. Learning Competencies/
Perform operations involving simple cases with the use of accounting equation.
Objectives
Write the LC code for ABM_FABM11-IIIB-C-18
each
II. CONTENT ACCOUNTING EQUATION

III. LEARNING RESOURCES

A. References
1. Teacher’s Guide pages 41-47
2. Learner’s Materials pages 126-134
3. Textbook pages
4. Additional Materials from
Learning Resource (LR)
portal
B. Other Learning
Resources
IV. PROCEDURES
Group students into three by playing the boat is sinking game.
Each group will then be given three boards containing asset, liability and equity.
For each transaction, tell whether the assets, liabilities and equity will increase, decrease or
is not affected.
A L E
1. The owner invests personal cash in the business ___ ___ ___
A. Reviewing previous 2. The owner withdraws business assets for personal use. ___ ___ ___
lesson or presenting the 3. The company receives cash from a bank loan. ___ ___ ___
new lesson (ELICIT) 4. The company repays the bank that had lent money. ___ ___ ___
3 minutes 5. The company purchases equipment with its cash. ___ ___ ___
6. The owner contributes her personal truck to the business. ___ ___ ___
7. The company purchases supplies on credit. ___ ___ ___
8. The company purchases land by paying half in cash ___ ___ ___
and signing a note.
9. The company pays employees’ salaries ___ ___ ___
10. The company repays the suppliers. ___ ___ ___

B. Establishing a purpose Connect to a real-life situation.

for the lesson 1. Place the accounting equation at the board.
(ENGAGE) 2. Ask the learners to give examples of business transactions
7 minutes 3. Prove that for every transaction the accounting equation should always balance.
Discuss the fundamental concept of the accounting equation:
C. Presenting
 Accounting equation has two elements which equally divide the entity into two parts.
examples/instances of
the new lesson  The left side of the equation represents what the entity owns. On the other hand, the right
(ENGAGE) side represents those that the company owes.
3 minutes
Discuss the elements of the accounting equation:
D. Discussing new concepts
 Assets – resources that an entity owns in order to derive some future benefits
and practicing new skills
#1 (EXPLORE)  Liabilities – claims of external parties from the entity
2 minutes  Owner’s Equity – the residual claims or net assets of the owners of an entity.
 Grade Level Grade 11 Quarter Fourth
Semester Second Region 1
Fundamentals of
Learning Area Accountancy, Business Teaching Date: February 14, 2019
and Management 1

Give a lecture through a PowerPoint presentation:

Illustrate how each transaction affects the accounting equation.

1. Assets invested by the owner

January 1 - Paolo Reyes started a delivery service on January 1, 2019. The following
transactions occurred during the month of January. He invested PHP800,000 cash and Cars
amounting to PHP200,000
2. Borrowings from the bank
January 2 – Reyes borrowed PHP100,000 cash from PNB for use in his business.
3. Asset purchased for cash
January 7 – Bought tables and chairs from Orocan and paid PHP45,000 cash
4. Assets purchased on account
January 15 – Various equipment were purchased on account from Fortune for PHP55,000.
5. Cash withdrawal by the owner
January 18 – Reyes made a cash withdrawal of PHP5,000 for personal use
6. Payment of liability
January 20 – The account due to Fortune was paid in cash
E. Discussing new concepts
7. Received cash for revenue earned
and practicing new skills
January 21 – A customer hired the services of Reyes. Cash of PHP15,000 was received
#2 (EXPLORE)
10 minutes from the customers.
8. Paid cash for expenses incurred
January 22 – Cash was paid for the following: gas and oil, PHP500 and car repairs,
PHP1,000.
9. Revenue rendered on account
January 24 – Another customer hired the services of Reyes and promised to pay
PHP16,000 on January 31.
10. Paid for expenses incurred
January 25 – Paid PHP500 for telephone bill.
11. Revenue earned with a down payment, balance on account
January 27 – Another customer hired the services of Reyes. A bill was issued to them for
PHP20,000, 50% of which was collected.
12. Customer’s account collected in cash
January 30 – The customer on January 24 paid 50% of his account in cash.
13. Paid cash for expenses incurred
January 31 – Paid PHP10,000 for rental of office space, and salaries of PHP9,000

Group Work: Instead of giving the transaction, the activity below is in reverse. Let them describe the
given transaction.

Date Assets Liabilities Owner’s Equity

F. Developing mastery Cash Supplies Equipment

(leads to Formative Balance: January 60,000 7,500 300,000 75,000 292,500
Assessment 3) 2019
(EXPLAIN) February 1 150,000 150,000
15 minutes February 2 (20,000) 20,000
February 3 (112,500) (112,500)
February 4, 5,000 5,000
February 5 (15,000) (15,000)
February 6 (53,000) (53,000)
February 7 (8,000) (8,000)
G. Finding practical
applications of concepts
Ask the learners if they are familiar about the Statement of Assets, Liabilities and Net worth (SALN)?
and skills in daily living
State the significance of SALN to the topic.
(ELABORATE)
3 minutes
H. Making generalizations
and abstractions about
the lesson 1. State and explain the concept of accounting equation.
(ELABORATE) 2. What are the elements of the accounting equation?
2 minutes
 Grade Level Grade 11 Quarter Fourth
Semester Second Region 1
Fundamentals of
Learning Area Accountancy, Business Teaching Date: February 14, 2019
and Management 1

I. Evaluating learning
(EVALUATE) Evaluate students’ group performance.
5 minutes
J. Additional activities for
application or
remediation
(EXTEND)

V. REMARKS

VI. REFLECTION
A. No. of learners who earned 80% in the evaluation
B. No. of learners who require additional activities for remediation
C. Did the remedial lessons work? No. of learners who have caught
up with the lesson
D. No. of learners who continue to require remediation
E. Which of my teaching strategies worked well? Why did these
work?
F. What difficulties did I encounter which my principal or supervisor
can help me solve?
G. What innovation or localized materials did I use/discover which I
wish to share with other teachers?

Prepared by :
MARILYN N. TAMAYO
Teacher II
Process Observers:

ROSA R. LOPEZ
Head Teacher III

LANI O. BERCILES
Head Teacher III

REYNALDO M. CAPALES
SHS ASST. PRICIPAL II