Fundamentals of ABM 1

Activity Sheet #1: The Accounting Equation

Learning Competency: Perform operations involving simple cases with the use of accounting
equation
Competency Code: ABM_FABM11- IIIb-c-18
Lesson Objective/s: solve simple cases with the use of the basic accounting equation

Group 1: Using the concept of accounting equation, compute missing figures from the following:

Assets = Liabilities + Owner’s Equity

1 578, 000 152, 000
2 25, 000 180, 500
3 269, 000 45, 000
4 250, 000 657, 450
5 850, 000 675, 000

Fundamentals of ABM 1
Activity Sheet #1: The Accounting Equation

Learning Competency: Perform operations involving simple cases with the use of accounting
equation
Competency Code: ABM_FABM11- IIIb-c-18
Lesson Objective/s: solve simple cases with the use of the basic accounting equation

Group 2: 2K Mart reports the following assets and liabilities. Compute the totals that
would appear in the company’s basic accounting equation.

Cash…………………………. Php 55,000

Accounts Payable…………… 25,000
Office Supplies………………. 1, 500
Loan Payable………………….. 7,000
Accounts Receivable…………. 10,000

Use the following format to present your answer:

Total Assets = Liabilities + Equity

 Fundamentals of ABM 1
Activity Sheet #1: The Accounting Equation

Learning Competency: Perform operations involving simple cases with the use of accounting
equation
Competency Code: ABM_FABM11- IIIb-c-18
Lesson Objective/s: solve simple cases with the use of the basic accounting equation

Group 3: Using the concept of accounting equation, provide for what is being required.

The liabilities of Estaya Store total P200, 000, while its equity only amounts to 1/3 of
its total assets. What is the total equity of Estaya Store? How about its total assets?