Detailed Lesson Plan

In
Fundamentals of Accountancy in Business Management 1

Learning Competency
analyze common business transactions using the rules of debit and credit
ABM_FABM11- IIIg-j-27
solve simple problems and exercises in the analyses of business transaction
ABM_FABM11- IIIg-j-28

Content Standard

The two major book of accounts, namely, journal and ledger.

Performance Standard

Differentiate a journal from a ledger and identify the types of journals and ledger.

I. Objectives

At the end of this lesson 90% of the students able to;

1. Able to understand the concept of transaction in business cycle;
2. Able to perform the journal entry through participation
3. Able to record transactions of a service business in the general journals.
4. Prepare a trial balance

II. Subject Matter

Topic: Accounting Cycle of a Service Business

Reference: Fundamentals of Accountancy, Business and Management 1
Textbook page 62-68, Florenz C. Tugas, Herminigilda E.
Salendrez, Joy S. Rabo
Basic Accounting Text Book

Materials: Columnar, Textbook, Chalk

III. Procedure

Teacher Activity Students Activity

Preparation
Honeyvebs, please lead the
prayer. Classmates let us pray.
(Amen)
Good afternoon, everyone! Good afternoon Mr/Sir. Mabale!
Please take your seat.
Please let me know who is absent
today. (Name of the student) Sir!
Okay, thank you! Kindly tell
him/her/them to report in my office
tomorrow at exactly 7: 45 A.M Noted Sir.

Review
Student 1: Journal and Ledger Sir!
Who among you here can
remember the 2 main books of account? Student 2: Sales journal, Purchased
Journal, Cash receipt journal and cash
 How about the types of special disbursement journal Sir.
journal?

Very good! I am happy that you

still remember our discussion last week.
(Different Answers)
Motivation
Do you tried to tally all your
expenses and allowances? (Different answers)
What is the come up of your
entries?

Very good!

Presentation of the Topic (Different Answers)

Based on the ideas you have
provide it can relate in our topic today.
Our topic is all about
Question: What do you mean by journal
entry?
Journal entry is the entries of all
entries of all recorded transaction for the
whole month and it is recorded
chronologically.
Student’s: Yes Sir!
Discussion
Students: Nelson Daganta formed the
Okay class, I will read the
Liceo Sign Company on October 1,
transaction and you will identify the
20120. He deposited P250, 000.00 in GE
account title to be recorded if it is credit or
Money Bank under the name of the new
debit and the name of the account to be
business entity. During the month of
posted.
October 2010, the following transactions
Class kindly read. occurred.

Student: Sir On October 1 the transaction

will be.
Date Particular Ref Dr Cr
s
Oct. Cash 250,
1 000.0
0
Daganta 250,000.00
Capital

Very Good! Ok let’s continue

Date Particular Ref Dr Cr
Oct. 2 Acquired a service vehicle in s
the amount of P195, 000. 00 on account. Oct. 2 Service 195,
Vehicle 000.00

Accounts 195,000
Payable

Date Particulars Ref Dr Cr

Very Good class! Oct. 3 Supplies 57,
Oct. 3 Acquired supplies for cash for Expense 000.0
cash P57, 000.00 0
Cash 57,
000.00

Good job! Ok next transaction

October 9, received 87, 000.00 for
signs painted.
Date Particulars Ref Dr Cr
Oct. 9 Cash 87,
000
Signs
Perfect! Revenue 87,
Oct. 10, Paid the month’s rent, 25, 000
000

Date Particulars Ref Dr Cr

Oct. Rent 25,
Absolutely correct! 10 000
Transaction Oct. 11, Painted signs Cash 25,
for Cagayan Company on Account 170, 000
000.00
Date Particulars Ref Dr Cr
Oct. Accounts 170,
11 Receivable 000

Signs 170,
Perfect! Ok transaction Oct. 12, Revenue 000
Paid 55, 000 on account from Oct. 2
Date Particulars Ref Dr Cr
Oct. Accounts 55,
12 Payable 000

Cash 55,
Perfect Class! Next transaction Oct. 000
16, Withdrew 25, 000 for personal used.

Date Particulars Ref Dr Cr

Oct. Daganta 25,
16 Drawing 000
Very good!
Cash
Transaction Oct 23, Collected 35, 25,
000.00 from Cagayan Company. 000

Date Particulars Ref Dr Cr

Oct. Cash 35,
23 000
Very good!
Our Next transaction Oct. 27, Paid Accounts 35,
salaries of 57, 000.00 for the month. Receivable 000

Date Particulars Ref Dr Cr

Oct. Salaries 57,
27 Expense 000
Perfect! Our transaction is Oct. 30
Paid bayantel 7, 500 for communication Cash 57,
services for the month. 000

Good job! Our last transaction is

oct. 31, Paid a bill from AdAsia for 5,500 Date Particulars Ref Dr Cr
Oct. Utilities 7, 500
of advertising for the month.
 30 Expense
Cash 7, 500
Very Good! I am so happy that you
can able to identify the debit and credit
accounts now let’s make a ledger or T- Date Particulars Ref Dr Cr
Accounts out of this Journal Entries Oct. Utilities 5, 500
31 Expense
Cash 5, 500
All we have to do is to identify all
the same accounts title and put it in the
side of debit or credit.

Please observe this transaction so that in

our activity you will able to make it on
your own perfectly.

General Ledger

As what you have observed class, the

general ledger itemized the specific
accounts in journal entry.

Ok let’s make a trial balance out that

ledger to check if it is balance or not.
Take note all the balance forwarded in
the ledger will reflect in the trial balance.

Very good! Job well done!

Any questions about the transaction we

have done?
Hearing none so meaning you already
understand.

Activity
Ok get your columnar and we have
an activity.

I will give the transaction and you will

provide journal entry, ledger and a trial
balance.

(transaction is provided through a

photocopy from the book of reference.)

Application

Do you agree that all business use

a special journal? Or do they have a
subsidiary ledger? Why?

Generalization

In all aspects of the business Students: ok sir!

recording the transaction is the most
important so that they will monitor easily
all the transaction they have done. It is
the same with to our life that all the (Students do their activity silently)
events in our life must be recorded so
that we can easily recall the all the
information we need.
Next week we will have the
adjusting entries.

Assignment

Using your columnar notebook provide a

journal entry, ledger and trial balance
from this transaction that I will provided to
you.

Any questions? Clarifications?

Okay! Arrange your chairs and pick

up any trash under the table.
Good bye class.

Students: None so far sir.

Good bye and thank you Mr. Mabale.

Prepared by:

EDDIE S. MABALE
SST-II

Approved by:
RACHEL S. RENDON
Principal I