Fundamentals of

SENIOR
Accountancy, Business, and HIGH
SCHOOL
Management 2 (FABM2)
Self-
Bank Checks Learning
Module
3

Quarter 2
Fundamentals of Accountancy, Business, and Management 2
Quarter 2 – Self-Learning Module 3: Bank Checks
First Edition, 2020

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Published by the Department of Education Division of Pasig City

Development Team of the Self-Learning Module

Writer: Vida M. Orajay
Editors: Content/Language: Dennis T. Alex / Edna D. Camarao
Reviewers: Content/Language: Dennis T. Alex, Jennifer M. Hobrero /
Edna D. Camarao, Buena R. Abestilla
Layout Artist: Clifchard D. Valente
Management Team: Ma. Evalou Concepcion A. Agustin
OIC-Schools Division Superintendent
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OIC-Assistant Schools Division Superintendent
Victor M. Javeña EdD
Chief, School Governance and Operations Division and
OIC-Chief, Curriculum Implementation Division

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Librada L. Agon EdD (EPP/TLE/TVL/TVE)

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Perlita M. Ignacio PhD (EsP)
Dulce O. Santos PhD (Kindergarten/MTB-MLE)
Teresita P. Tagulao EdD (Mathematics/ABM)

Printed in the Philippines by the Department of Education – Schools Division

of Pasig City
FABM2
SENIOR
HIGH
SCHOOL

Self -
Learning
Module
3

Quarter 2

Bank Checks
Introductory Message

For the facilitator:

Welcome to the Fundamentals of Accountancy, Business, and Management 2

for Grade 12 Self-Learning Module on Bank Checks.

This Self-Learning Module was collaboratively designed, developed and

reviewed by educators from the Schools Division Office of Pasig City headed by its
Officer-in-Charge Schools Division Superintendent, Ma. Evalou Concepcion A.
Agustin, in partnership with the City Government of Pasig through its mayor,
Honorable Victor Ma. Regis N. Sotto. The writers utilized the standards set by the K
to 12 Curriculum using the Most Essential Learning Competencies (MELC) in
developing this instructional resource.

This learning material hopes to engage the learners in guided and independent
learning activities at their own pace and time. Further, this also aims to help learners
acquire the needed 21st century skills especially the 5 C’s, namely: Communication,
Collaboration, Creativity, Critical Thinking, and Character while taking into
consideration their needs and circumstances.

In addition to the material in the main text, you will also see this box in the
body of the module:

Notes to the Teacher

This contains helpful tips or strategies that
will help you in guiding the learners.

As a facilitator, you are expected to orient the learners on how to use this
module. You also need to keep track of the learners' progress while allowing them to
manage their learning. Moreover, you are expected to encourage and assist the
learners as they do the tasks included in the module.
 For the learner:

Welcome to the Fundamental of Accountancy, Business, and Management 2

Self-Learning Module on Bank Checks.

This module was designed to provide you with fun and meaningful
opportunities for guided and independent learning at your own pace and time. You
will be enabled to process the contents of the learning material while being an active
learner.

This module has the following parts and corresponding icons:

Expectations – These point to the set of knowledge and skills

that you will learn after completing the module.

Pretest - This measures your prior knowledge about the lesson

at hand.

Recap - This part of the module provides a review of concepts

and skills that you already know about a previous lesson.

Lesson - This section discusses the topic in the module.

Activities – These are sets of activities that you need to

perform.

Wrap Up - This section summarizes the concepts and

application of the lesson.

Valuing - This part integrates a desirable moral value in the

lesson.

Posttest - This measures how much you have learned from the
entire module.
 EXPECTATIONS

After going through this self-learning module, you are expected to:
1. identify and prepare checks;
2. define what is a check;
3. give the kinds checks;
4. be familiar with the features of the check; and
5. fill up accurately the check.

PRETEST

Directions

Set A. Matching type. Identify the following kinds of checks by writing the letter
of your answer before the number.

Kinds of Checks Definition

1. Manager’s Check A. check issued by individuals, a single depositor, or
2. Personal Check joint account holder
3. Traveler’s Check B. check issued by a company or corporation
4. Cashier’s Check C. check issued by the bank on behalf of the client
5. Corporate Check D. check issued by bank tellers
E. check is generally used by people traveling abroad
F. check issued to suppliers and creditors by the
company and not encashed on time
Set B. Label the Features of Check

RECAP

WORD SEARCH

Directions:
1. Look for the terms you recall from Module 2 – Bank Forms. Then,
draw a line on them.
Example: PROCESSING TELLER
2. Write your answers to the space provided below the chart.
3. Define each term you found.
 Terms found from the chart. Definition

LESSON

It was discussed in Module 1 of the Second Quarter the different types of bank
accounts and one of these types is the Bank check. Are you familiar with bank
checks? Do you know their features? Do you know how to fill out checks? Do you
know that checks are considered cash?

This module will further elaborate on what is a check, kinds of checks, its
parts, and its purpose.

What is a check?
• A check is a written, dated, and signed instrument directing the bank to pay
the bearer a specific sum of money to the bearer.
• It is a printed or written form, used to make payments from your bank account
instead of cash.
• It is a safer form of payment compared to bills and coins. Checks can be
deposited or cashed out.
• It is the bank form that the account holder fills out which instructs the bank
to pay the designated payee indicated on the check.
• A bank check is commonly accepted for payment and check can accommodate
large amounts.

❖ “Cheque” is the spelling used in some parts of the world, such as Canada and
England.
Remember:
Drawer – the one who signs the bank check ordering payment by the bank; the one
who writes the check.
Drawee – the bank on which the check is drawn; the bank that cashes the check.
Payee – the party to whom the payment is to be made; the party who receives the
payment.

What are the kinds of checks?

1. Personal Checks
• are checks issued by an individual, a single depositor, or joint account
holder.
• if the issuing account is a joint account, the personal check may have two
signatories.

2. Corporate Checks
• are checks issued by the company.

3. Manager’s Check (MC)

• issued by the bank on behalf of the client.
• an MC is needed if the payer or depositor does not have a checking account.
• it is guaranteed by the bank that the holder of the check has sufficient
funds deposited in their financial institution.

4. Cashier’s Check
• check issued by bank tellers. Like a Manager’s Check, a cashier’s check
ensures that the depositor has sufficient funds deposited in their bank.

5. Traveler’s Check
• checks are commonly used by people traveling in foreign countries.
• they are purchased for set amounts and can be used in purchasing goods
or services or be exchanged for cash.
• once widely used, traveler’s checks have been replaced by prepaid debit
cards and credit cards, and it can be difficult to find places or
establishments to accept them.

How to write a check?

1. Write checks in ink. Written in pencil is not acceptable.
2. Checks could be typewritten.
3. Check writers are used by some companies for security and safeguard.
What are the features of a check?
1. Check Number
2. Account Name/Name of Depositor
3. Account Number of the Depositor
4. Date
5. Name of Payee
(name of person or business you are writing the check to)
6. Amount in words
7. Amount in figures
8. A signature of the account holder
9. Account holder’s bank
10. Route Number

3 2 1

4
5 7
6

9 8

10

Figure 1 shows the features of Bank Check

Remember:
Checks are considered:

❖ Postdated Checks
Checks that had already been sent to the payee, but it cannot be encashed or
deposited yet because the date written in the check has not yet arrived. If the
check was dated January 22, 2020, and was issued on December 31, 2019, the
said check is postdated.
❖ Canceled Checks
Checks paid by the bank which were deducted from the depositor’s account and
returned to the depositor together with the monthly bank statement.
❖ Stale Checks
 Checks issued by the company to suppliers and creditors and not encashed on
time.
❖ Outstanding Checks
Checks that were written and recorded in the depositor’s books but not yet
presented for payment to the bank.
❖ No Sufficient Fund (NSF)/Bounced Checks
Checks returned by the bank because the drawer’s checking account does not
have enough funds to cover the amount.

ACTIVITIES

Direction:
Set A. Fill accurately the necessary information needed in the check.
You are about to issue a check to Mr. Richard de Guzman amounting to the
P35,800.00 payment for the computer unit you bought from his computer shop.

1234567890 1011
Set B. At the back of the check fill accurately the information needed.

WRAP UP

Let us summarize.
1. What is a check?
2. What are the parts of a check? Illustrate your answer.
3. What are the kinds of checks?
4. Why is bank check commonly used form of payment by an individual
or companies?

VALUING

Mrs. Nenita Cabral is into housing rental as her business. One of her
tenants issued a check amounting to P21,000.00 as payment for three (3) months
rental. Mrs. Cabral deposited the check to the bank. After a week, the bank
contacted Mrs. Cabral and informed her that the check she deposited has No
Sufficient Fund (NSF). What do you think is the best thing Mrs. Cabral should do
to settle the said problem? Should Mrs. Cabral sue her tenant for issuing an NSF
Check? Justify your answer.

_______________________________________________________________________________

_______________________________________________________________________________
 _______________________________________________________________________________

_______________________________________________________________________________

_______________________________________________________________________________

POSTTEST

Directions:
Set A. Identify the statements. Write your answers before the number.

1. It is the type of check issued by individuals, a single depositor, or joint account

holder.
2. It is a type of check issued by a company or corporation.
3. It is a type of check issued by the bank on behalf of the client.
4. It is a type of check issued by bank tellers.
5. It is a type of check generally used by people traveling abroad.

Set B. Label the features of a check.

2345678910 XYZ PRINTING CO. 8080

VINCENT PEREZ ***8,980.00***

**EIGHT THOUSAND NINE HUNDRED EIGHTY ONLY**

Patrick Reyes
 philippines-banks
https://freechequewriter.com/download/cheque-writing-printing-software-for-the-
Photo were taken
https://www.investopedia.com/terms/c/check.asp
WEB
180. Rex Book Store, 2017, Manila.
Salazar, Dani Rose C. Fundamentals of Accountancy, Business, and Management 2. pp. 179-
Mandaluyong City.
Harina, Ricardo M. College Accounting 1, Revised Ed. pp. 144-147. National Bookstore, 2007,
Vibal Group, Inc., 2016, Quezon City.
Beticon, Josefina L. Fundamentals of Accountancy, Business, and Management 2. pp. 132-133.
BOOKS
REFERENCES
Pretest-Set A Pretest/Posttest-Set B. Identification (possible answers)
Matching Type 1. Check Number
2. Account Name/Name of Depositor
1. C
3. Account Number of the Depositor
2. A
4. Date
3. E
5. Name of Payee (name of person or business you are writing the check to)
4. D
6. Amount in words
5. B
7. Amount in figures
Posttest 8. Signature or the account holder
9. Route Number
1. Personal Check 10. Account holder’s bank
2. Corporate Check
3. Manager’s Check
4. Cashier’s Check
5. Traveler’s Check
Recap
The learner may write his/her answers in no particular
order.
1. Account Number – a unique identifier given to the
bank depositor
2. Withdrawal Slip – slip used for passbook savings
account; a bank form filled up by depositors in order
to take out money from the bank
3. Deposit Slip – a bank form which the currency and
checks to deposit are listed separately
4. Cash Deposit – the depositor need to indicate the
denomination of the cash deposits
5. Bank Teller – the person who validates deposit slip
before a copy is given to the depositor or authorized
representative
6. Bank Form – are forms provided to the bank client
such as Deposit Slip, Withdrawal Slip, and Signature
Card
KEY TO CORRECTION