TASK #1: Prepare a Table of Specification for your chosen topics.

Table of Specification for Summative Test in FUNDAMENTALS OF ACCOUNTANCY

I. Learning Objectives:

At the end of the allotted period, The students should be able to:

1. (Cognitive)
Identify and define adjusting entries and each types.
2. (Psychomotor)
Journalize, post adjust entries and prepare adjusted trial balance.
3. (Affective)
Reflect on the importance of the rules in journalizing and posting addressing entries.

II. Subject Matter: Adjusting Entries

III. Time Frame: 2 hours

IV. Table of Specification

TOPIC OBJECTIVES Total No. Of

Items
Knowledge Comprehension Application Analysis
The 5 3 5
Importance of
Adjusting
Entries
The Types of 6 4 2 12
Adjusting
Entries
Composition 11 6 17
of an
Adjusting
Entry
Accounting 8 8 16
Cycle
Totals 19 15 6 10 50
Prepared by: Cano, Anna Carmela P.

Course and Section: BSED-2A

TASK #2: Construct test questions based from your constructed TOS.

• MULTIPLE CHOICE.

Encircle The letter of the correct answer.

1. What are adjusting/ adjusting journal entries?

a. Is referred to expenses that are already incurred.
b. Are May to update the accounts and bring them to their correct balances.
c. None of the above.

2. It is to update the financial statements.

a. Statement of the problem
b. Trial balance
c. Adjusting Journal Entries

3. Why is there a need for adjusting entries?

a. To estimate expenses
b. To settle the late financial transactions
c. To adjust pre-payments and due-payments

4. What accounts that would never have an adjusting entry?

a. Accounts receivable
b. Cash
c. Service income

5. Below are the reasons why adjusting entries are needed, EXCEPT,
a. To ensure the exact revenues
b. To ensure the exact expenses
c. To collect the amount dues

6. It is refer to expenses that are already incurred but have not yet been paid.
a. Accrued income
b. Accrued expense
c. Deferred income

7. It is refer to income already earned but has not yet been collected.
a. Accrued income
b. Accrued expense
c. Deferred income

8. What is the term for deferred income?

a. Deferred payment
b. Shelved income
 c. Unearned revenue

9. It represent payments made for expenses which have not yet been incurred.
a. Depreciation
b. Prepayments
c. Statement of the Problem

10. This cost is recognized as an asset and not expense.

a. Prepaid expense
b. Depreciation
c. Both A and B

11. Accounts receivable should be presented in the ________ at realizable.

a. balance sheet
b. Ledger
c. T-account

12. -19. Accounts

1. 2 3. 4

8 7 6 5

a. 1. closing the books

2. transactions
3. journal entries
4. posting
5. trial balance
6. worksheet
7. adjusting journal entries
8. financial statements

• TRUE OR FALSE. Write the correct word the statement is False and ✓ if the statement is True.

___ 1. Around 4.5 billion years ago, our Sun and all other objects that orbit around it were born from an
enormous cloud of interstellar gas and dust.

___ 2. As early as 1734, Swedish philosopher Immanuel Kant suggested that the planets were born from
clouds of material ejected by the Sun.
___ 3. Moons can also be found within the solar system; they are held in orbit around planets by gravity.

___ 4. The color of the hottest type of star is blue.

___ 5. The imaginary line that the Saturn spins around is called, 'the axis’.

___ 6. Equator is the circle around the globe that separates the hemispheres.

___ 7. Earth is our home planet and is only a known planet where life exists.

___ 8. Uranus is the farthest planet.

___ 9. Jupiter is the largest of all the planets.

___ 10. There are 6 stages during the birth of planets.

• ILLUSTRATION.

1. Create a tabular form discussing the Birth of Planets.

2. Draw the Solar System and label it.
3. Create a venn diag

• MATCHING TEST.

Match the column A with the corresponding letters in column B. Write it in the blank before the
number.

Column A Column B

___ 1. Neptune a. The only planet with liquid water

___ 2. Uranus b. Earth’s sister planet

___ 3. Saturn c. The red planet

___ 4. Jupiter d. The planet with rings

___ 5. Mars e. The farthest planet from the Sun.

___ 6. Earth f. The closest planet to the Sun.

___ 7. Venus g. The planet on its side.

___ 8. Mercury h. The largest planet

TASK #3: Prepare of Answer Key.

• Short Essay

(Possible answers)

1. Our solar system consists of our star, the Sun, and everything bound to it by gravity. Eight giant
planets, smaller dwarf planets, and millions of pieces of rocks and ice orbit the Sun. Moons can
also be found within the solar system; they are held in orbit around planets by gravity.
 2. The sun is the largest object in our solar system. Its diameter is about 865,000 miles (1.4 million
kilometers). Its gravity holds the solar system together, keeping everything from the largest
planet to the smallest debris in orbit around it.
3. The two types of lenses in a telescope are convex and concave.
4. Convex lens looks like the outside of a bowl and makes things look bigger. The concave lens
looks like the inside of a bowl.

• Multiple Choice

1. A
2. B
3. C
4. B
5. B

• True or False

1. ✓
2. Emanuel Swedenborg
3. ✓
4. ✓
5. Earth
6. ✓
7. ✓
8. Neptune
9. ✓
10. 9

• Illustration

(Answers may vary)

• Matching Test

1. E 5. C
2. G 6. A
3. D 7. B
4. H 8. F