COMPETENCY-BASED LEARNING MATERIAL

Sector: Qualification:
HEALTH, SOCIAL AND OTHER
COMMUNITY DEVELOPMENT BOOKKEEPING NCIII
SERVICES
Unit of Competency:
JOURNALIZE RVFS
TRANSACTION Bookkeeping
Services

Module Title:
JOURNALIZING TRANSACTIONS FOR SINGLE
PROPRIETORSHIP
Date Developed: Nov. Document No.
16,2020
Issued by:
Bookkeeping Date Revised:
NCIII Developed by: Page 1 of 8
ROY VICTOR F. Revision # 000
SUMUGAT
 HOW TO USE THIS MODULE

Welcome to the module in Journalizing Transactions for Single

Proprietorship. This module contains training materials and activities for you to
complete.

The unit of competency Journalize Transaction for Single Proprietorship” covers the
knowledge, skills, and attitudes required to complete so as to qualify you in the
National Certification in Bookkeeping NC III.

You are required to go through a series of learning activities in order to complete

each learning outcome of the module. Each of the learning outcomes is provided
with Information Sheets. Follow these activities on your own and answer the self-
check at the end of each learning outcome. You may remove a blank answer sheet
at the end of each module (or get the answer sheets from the facilitator) to write the
answers for each self-check. If you have questions, don’t hesitate to ask your
facilitator for assistance.

Date Developed: Nov. Document No.

16,2020
Issued by:
Bookkeeping Date Revised:
NCIII Developed by: Page 2 of 8
ROY VICTOR F. Revision # 000
SUMUGAT
 BOOKKEEPING NCIII

LIST OF COMPETENCIES

No
Unit of Competency Module Title Code
.
BASIC COMPETENCIES
Lead workplace Leading workplace
1 500311109
communication communication
2 Lead small team Leading small team 500031110
Developing and
Develop and practice
3 practicing negotiation 500311111
negotiation skills
skills
Identifying/Determinin
Solve problems related to
4 g fundamental cause 500311112
work activities
of problem
Using mathematical
Use mathematical concepts
5 concepts and 500311113
and techniques
techniques
Using relevant
6 Use relevant technologies 500311114
technologies
COMMON COMPETENCIES
Applying quality
1 Apply quality standards HCS315202
standards
Performing computer
2 Perform computer operations HCS311201
operations
Maintain an effective
Maintaining client
3 relationship with clients and HCS913201
relationship
customers
Managing own
4 Manage own performance HCS913202
performance
CORE COMPETENCIES
1 Journalize transactions Journalizing HCS412301
Transactions for
Single
Proprietorship
Journalizing
Transaction for
Partnership
Journalizing
Transaction for
Date Developed: Nov. Document No.
16,2020
Issued by:
Bookkeeping Date Revised:
NCIII Developed by: Page 3 of 8
ROY VICTOR F. Revision # 000
SUMUGAT
No
Unit of Competency Module Title Code
.
Corporation
2 Post transactions Posting Transactions HCS412302
Preparing Trial
3 Prepare trial balance HCS412303
Balance
Preparing Financial
Reports for Single
Proprietorship
Preparing Financial
4 Prepare financial reports Reports for HCS412304
Partnership
Preparing Financial
Reports for
Corporation
Review internal control Reviewing Internal
5 HCS412305
system Control System

Date Developed: Nov. Document No.

16,2020
Issued by:
Bookkeeping Date Revised:
NCIII Developed by: Page 4 of 8
ROY VICTOR F. Revision # 000
SUMUGAT
 MODULE CONTENT

UNIT OF COMPETENCY : JOURNALIZE TRANSACTION

MODULE TITLE : JOURNALIZING TRANSACTION FOR SINGLE
PROPRIETORSHIP
MODULE DESCRIPTOR : This Module Covers the Knowledge, Skills, And
Attitudes in Preparing Chart of Accounts, Analyze
Documents and Preparing Journal Entry for Single
Proprietorship.
NOMINAL DURATION : 72 Hours
PRE-REQUISITES :
LEARNING OUTCOMES :
At the end of this module, you must be able to:
1. Prepare chart of accounts
2. Analyze documents
3. Prepare journal entry
ASSESSMENT CRITERIA SUMMARY:
1. Preparing list of asset, liability, equity, income and expense account
titles in accordance with industry practices
2. Coding chart of accounts in accordance with industry practices
3. Gathering, Checking and Verifying documents in accordance with
verification and validation process.
4. Selecting account titles in accordance with standard selection
processes.
5. Journalizing transactions according to Generally accepted
accounting principles
6. Determining account titles to debit and credit in accordance with
chart of accounts.
7. Preparing explanation to journal entry in accordance with the nature
of transaction

Date Developed: Nov. Document No.

16,2020
Issued by:
Bookkeeping Date Revised:
NCIII Developed by: Page 5 of 8
ROY VICTOR F. Revision # 000
SUMUGAT
LEARNING OUTCOME SUMMARY:
LEARNING OUTCOME NO. 1 PREPARE CHART OF ACCOUNTS

CONTENTS:

1. Definition and function of Bookkeeping and Accounting

2. Types of business organization
3. Types of business activities
4. Basic Accounting Equation
5. Basic Financial Statement

ASSESSMENT CRITERIA:

1. List of asset, liability, equity, income, and expenses account titles are prepared in
accordance with Generally Accepted Accounting Principles.
2. Chart of accounts is coded according to industry practice
CONDITIONS:

The students/trainees must be provided with the following:

1. Calculator
2. Paper
3. Learning Materials
4. Pencil
5. Eraser

ASSESSMENT METHOD:
1. Written test
2. Practical/performance test
3. Interview

Date Developed: Nov. Document No.

16,2020
Issued by:
Bookkeeping Date Revised:
NCIII Developed by: Page 6 of 8
ROY VICTOR F. Revision # 000
SUMUGAT
 LEARNING EXPERIENCES

Learning Outcome No. 1: Prepare chart of accounts

LEARNING ACTIVITIES Special Instructions

Read information sheet 1.1 – 1 on In this lesson, you need to learn that:
Definition of functions of accounting and
bookkeeping Nature of business is determined on
Answer Self-check activity 1.1 – 1 and client information
compare your answer in answer key 1.1
–1 List of asset, liability, equity, income,
Read information sheet 1.1 – 2 on types and expense account titles are prepared
of business organization in accordance with industry practices
Answer self – check activity 1.1 – 2 and
compare your answer in answer key Accounting manual is prepared is
1.1-2 prepared in accordance with industry
Read information sheet 1.1 – 3 on types practice.
of business activities
Answer self – check activity 1.1 – 3 and Go through the Information Sheets and
compare your answer in answer key 1.1 answer the self-checks to ensure the
– 3. knowledge you have learned in
Read information sheet 1.1 – 4 on Basic Journalizing Transactions
accounting equation
Answer self – check activity 1.1 – 4 and
Show your output to your trainer for the
compare your answer in answer key 1.1
feedback/evaluation.
– 4.
Read information sheet 1.1 – 5 on Basic
financial statement
Answer self – check activity 1.1 – 5 and
compare your answer in answer key 1.1
– 5.

Date Developed: Nov. Document No.

16,2020
Issued by:
Bookkeeping Date Revised:
NCIII Developed by: Page 7 of 8
ROY VICTOR F. Revision # 000
SUMUGAT
 Date Developed: Nov. Document No.
16,2020
Issued by:
Bookkeeping Date Revised:
NCIII Developed by: Page 8 of 8
ROY VICTOR F. Revision # 000
SUMUGAT