Republic of the Philippines

Department of Education

National Capital Region

DIVISION OF CITY SCHOOLS - QUEZON CITY

SAN FRANCISCO HIGH SCHOOL

Misamis St., Brgy. Sto. Cristo, Quezon City

FUNDAMENTALS OF ACCOUNTANCY, BUSINESS AND MANAGEMENT (FABM) 1

PERFORMANCE TASKS 1: CHART OF ACCOUNTS

Performance Standards
The learners are able to:
⮚ discuss the five major accounts

⮚ prepare a Chart of Accounts

Rationale
This performance task will help the students familiarize themselves with the 5 major accounts
and identify them in a real setting or business scenario.

The activity will also help the learners to hone their communication and observation skills since
they will be interacting (by way of introductory letter and interview) with entrepreneurs and
visiting business entities in their neighborhood.

This performance task is done individually.

Procedure/Mechanics
In your neighborhood choose a business that you can observe and will help you identify the 5
major accounts.

You can prepare an introduction letter and present it to the owner of the business so they will
cooperate and assist you in making the performance task. A sample introductory letter is
included for you to use as a reference.

Observe the business and try to identify as many accounts you can.

Please ask the permission of the business owner if you can take pictures of the business.

Prepare a Chart of Accounts for the chosen business.

Format
The end product of this activity is a Chart of Accounts that should be printed. Details are as
follows:
⮚ printed in a short bond paper (8.5 x 11.5)

⮚ Contains a Title page that indicates the following

o Name of Subject/Course
o Title and Number of Performance Task
o Name of Student and Section
⮚ Contains the page number at the bottom right corner of the paper

⮚ Left, right, top and bottom margin is 1 inch (Normal)

⮚ Font: Arial Font Size: 11

⮚ Prepared an introductory letter

⮚ Includes the following business information or details

o Name of Business
o Nature or Type of Business
o Form of Ownership
o Location/Address of the Business
o Name of Owner
⮚ The Chart of Accounts (COA)

⮚ Pictures if any

Sample:
Name of Business Happy Smiles Dental Clinic

Nature or Type of Business Service Type

Form of Ownership Sole Proprietor

Location/Address of the Business #1 Masayahin St., Barangay Maligaya, Quezon City

Name of Owner Dra. Joy Delighted

SAMPLE CHART OF ACCOUNTS

The above is only a sample so you will have an idea.
Your Chart of Accounts will depend on the business.

Deadline for Submission:

On or before March 24, 2023.

You are business students so please train yourself to submitting requirements on time.
The industry is a fast-paced world and clients will go to the one who can give fast and quality
value added service, so as early as now train yourself to follow deadlines.

Rubrics
Able to identify and choose a valid business in the neighborhood 10

Indicated completely the introductory part which are the business details and 15
information

Able to communicate with the business owners by preparing their own 10

introductory letter.

Complete content of Chart of Accounts 40

⮚ Assets
o Current
o Non Current/Fixed Assets/Property Plant & Equipment
⮚ Liabilities
o Current
o Long Term
⮚ Owners Equity
o Capital
o Revenue
o Expenses

Pictures 10

Submitted on Time 15

Total 100

Sample Introductory Letter

Date

Mr./Ms. Owner
Business Owner

Dear Sir/Ma’am

I am, ___________________________, a Grade 11 ABM student from San Francisco High

School enrolled in Fundamentals of Accountancy, Business and Management 1 subject.
Performance Task 1 of said subject is to observe a business entity and prepare a chart of
account.

Please be assured that any information gathered will be treated with confidentiality.
Should you have any questions, please feel free to contact me at _________________.

Your cooperation and favorable response is greatly appreciated.

Very truly yours,