COLUMBAN COLLEGE INC.

, OLONGAPO CITY
BASIC EDUCATION DEPARTMENT ASINAN
#1 First St., New Asinan Tel. No.: 222-3329
JHS Loc. 104 SHS Loc. 107

PERFORMANCE TASK 1

RUBRIC:
Accounting Concepts - 50
Completeness of Work - 30
General Appearance - 20
TOTAL - 100
Note: Less 2 points in every wrong/erasures/unrecognized entry.

TASKED: Either individually, by pair, or in group of four, make a list of different

businesses within the community on the types of accounting services they require, their
business activities and identify the form of business organization.

Situation: As part of one of the leading accounting firms in Olongapo City, your
supervisor gives you a task to make a list of different businesses within the community.
You are task to make a written report about the types of accounting services they are
required to submit, their business activities and the form of business organization. Your
report will be presented on the upcoming meeting, and it will be evaluated based on
accuracy of concepts, completeness of work, and general appearance.

Required:
1. Prepare a Written Report.

NOTE:
*WRITTEN FORMAT is presented below.
* It must be portrait and written in short bond paper.
* If printed:
- font style: Arial Narrow
- font size is 12 except for the cover page
- font color: black
* If handwritten make sure it is readable.
 COLUMBAN COLLEGE INC., OLONGAPO CITY
BASIC EDUCATION DEPARTMENT ASINAN
#1 First St., New Asinan Tel. No.: 222-3329
JHS Loc. 104 SHS Loc. 107

PERFORMANCE TASK #1
ACCOUNTING SERVICE, TYPES OF BUSINESS
AND FORMS OF BUSINESS ORGANIZATION

Submitted by:

Gabrielle Ryan Basa

Licelle Anne Rodriguez
Errien Mae Margate
Shaina Marie Trinidad

Submitted to:

Ms. Maria Rosemarie C. Pialda

FABM 1, Subject Teacher
 COLUMBAN COLLEGE INC., OLONGAPO CITY
BASIC EDUCATION DEPARTMENT ASINAN
#1 First St., New Asinan Tel. No.: 222-3329
JHS Loc. 104 SHS Loc. 107

DIFFERENT BUSINESS ESTABLISHMENTS IN OUR COMMUNITY

Establishment #1:
Nikita Salon
Accounting Service:
Financial Accounting
Type of Business:
Service
Business Organization:
Sole Proprietorship

Establishment #2:
Super Daddy
Accounting Service:
Cost Accounting
Type of Business:
Hybrid (Service,
Manufacturing)
Business Organization:
Sole Proprietorship

Establishment #3:
Atoling Upholstery Shop
Accounting Service:
Financial Accounting
Type of Business:
Service
Business Organization:
Sole Proprietorship

Establishment #4:
Rodge-Reese LPG
Trading Accounting
Service:
Tax Accounting
Type of Business:
Hybrid (Service,
Manufacturing)
Business Organization:
Sole Proprietorship

Establishment #5:
Action Labs
Accounting Service:
Management
Accounting Type of
Business:
Service
Business Organization:
Partnership
 COLUMBAN COLLEGE INC., OLONGAPO CITY
BASIC EDUCATION DEPARTMENT ASINAN
#1 First St., New Asinan Tel. No.: 222-3329
JHS Loc. 104 SHS Loc. 107

WRITTEN REPORT

COMPARISON OF THE ESTABLISHMENTS:

Content: You could write here the comparison of the different establishments in
terms of their required accounting services, the type of business and business
organization form. In comparing write or list all their similarities and differences.

The similarities between Est.#2 to Est.#1 and #3 of their accounting services is they
are maintained using the double entry system of accounting, while Est. #4 provides
decision making and Est. #5 are records according to tax. In terms of their type of
business, Est. #2 and #4 is a hybrid business that provides service and
manufacturing while Est. #1, #3 and #5 only provide services. As well, as in
business organization form Est. #1, #2, #3 and #4 are Sole Proprietorships while
Est. #5 are a Partnership.

ADVANTAGES AND DISADVANTAGES OF THE BUSINESS

Content: You could write or list here the different advantages and disadvantages of
the business establishments in terms of their required accounting services, the type of
business and business organization form. You start writing with their advantages then
follow with their disadvantages.

Nikita salon

Advantage

❖ One significant advantage of a hair salon is the personalized service and expertise
it offers to clients. Professional hairstylists are trained to understand various hair
types, textures, and styles, allowing them to provide tailored advice and treatments
suited to every person's needs. From haircuts to coloring and styling, clients can
benefit from the skill and creativity of experienced professionals, resulting in
satisfying outcomes that enhance their overall appearance and confidence.

Disadvantage

❖ However, a major disadvantage of hair salons may be the possibility of expensive

service fees. High-quality hair care is usually expensive, particularly if customers go
for more complex procedures or regular appointments. Furthermore, the price may
increase if the salon has luxurious amenities or is located in an expensive area.
Some people might find these costs to be unaffordable, which could limit their
access to the services they want or force them to make quality adjustments, hence
having a less customers. Hair salons must find a balance between price and high-
quality service in order to be competitive and serve a wide range of customers.

Super Daddy
 COLUMBAN COLLEGE INC., OLONGAPO CITY
BASIC EDUCATION DEPARTMENT ASINAN
#1 First St., New Asinan Tel. No.: 222-3329
JHS Loc. 104 SHS Loc. 107

Advantage

❖ A coffee shop has several benefits, most of them are related to its function as a social
and cultural center in local communities. It provides a warm environment for
individuals to meet up, interact, and work. Cozy seating arrangements and the smell
of freshly made coffee provide a welcoming environment that is ideal for
productivity or leisure. In addition, coffee shops frequently offer a wide range of
beverage alternatives, including specialty drinks like lattes, cappuccinos, and
espresso-based beverages, to satisfy a variety of tastes and preferences. Additionally,
they provide a variety of pastries and snacks, which can attract more customers
since they don’t have to go outside to grab a food.

Disadvantage

❖ there are disadvantages to coffee shops. The risk for high prices is a major
disadvantage, as specialty coffee drinks and snacks can be pricey, particularly when
consumed frequently. This might make it less accessible to people with a limited
budget or those who would rather use less expensive coffee. likewise, the overuse of
single-use items like lids and cups raises environmental problems as garbage is
produced that can damage ecosystems and increase pollution. It can be difficult for
both customers and coffee shop managers to maintain a balance between their
desire for price and convenience, sustainability initiatives. Despite these difficulties,
super daddy continue to be appreciated and essential parts of many local
communities because they provide a unique blend of culture, hospitality, and
experiences enhanced by caffeine.

Atoling upholstery shop

Advantage

CONCLUSION
Content: Based on your report, what can you conclude, suggest, or recommend as
a future ABM graduate for the different business establishments (old or new) in terms of
their required accounting services, the type of business and business organization form.