I.

OBJECTIVES
A. Content Standard
The learners demonstrate an understanding of the two major types of books of accounts, namely,
journal and ledger.
B. Performance Standard
The learners shall be able to differentiate a journal from a ledger and identify the types of journals
and ledgers.
C. Learning Competencies
The learners identify the uses of the two books of accounts; illustrate the format of general and
special journals; and illustrate the format of a general and subsidiary ledger.
D. Learning Objectives
At the end of this lesson, the learners will be able to:
1. Identify the uses of the two books of accounts (journal and ledger) to record business
transactions.
2. Explain the use of general and special journals to record business transactions
3. Discuss the use of general and subsidiary ledgers to record business transactions.

II. CONTENT
“BOOKS OF ACCOUNTS”
Journal
Ledger

III. LEARNING RESOURCES

A. References:
1. Curriculum Guide
2. Wild, J. (2009). Principles of Accounting 19th ed. McGraw Hill Publishing
3. www.principlesofaccounting.com
B. Materials: PowerPoint presentation, laptop, projector, chalk, and learning materials.

IV. PROCEDURES
Teacher’s Hint
A. Preliminary Activities
1. Prayer
2. Greetings
3. Classroom Management
4. Checking of Attendance

B. Lesson Proper
1. Reviewing previous lesson or presenting new lesson

Review the learners by asking the definition of accounting.

2. Establishing a purpose for the lesson

Lesson Motivation
Ask the learners, “from the definition, where do we record the transactions that we have
identified? What are the tools that we use to document these transactions? How important are
these records in accounting?”
***Leave these questions unanswered. Inform the learners that you will ask these questions again
after the discussion of the subject matter
 3. Present Lesson Objectives
At the end of the lesson, the learners should be able to:
1. Identify the uses of the two books of accounts (journal and ledger) to record business
transactions.
2. Explain the use of general and special journals to record business transactions
3. Discuss the use of general and subsidiary ledgers to record business transactions.
4. Present Lesson Discussion
“BOOKS OF ACCOUNTS”
Journal
Ledger

5. Developing Mastery
Prior to this meeting, require the learners to bring two-column and three-column worksheets.
Using these columnar sheets, require the learners to prepare the format of general journal,
cash receipts journal, cash disbursement journal, sales journal, purchase journal, general
ledger and subsidiary ledger.
6. Application
Identify what special journal that is applicable for the following transactions:
1. Collected PHP10,000 from a customer in payment of his account.
2. Bought 100 pieces of mugs to be sold in the store amounting to PHP1,500 on account.
3. Sold five pieces of mugs to X, PHP320 cash.
4. Sold two pieces of mugs to Y, PHP112 cash
5. Purchased office supplies for cash, PHP500.
6. Paid PHP20,000 monthly rental.
7. Paid salary of staff, PHP15,000
8. Sold 100 pieces of mugs to Unicup, Inc., PHP5,600 on account.
9. Sold 500 pieces of mugs to Bugsmore Corp. for PHP15,300 payable one month after
delivery.
10. Purchase on account 1,000 pieces of mugs for PHP12,400

7. Generalization
QUIZ
1. Enumerate all special journals. (4 points)
2. Why do companies use special journals? (or What are the advantages of using a special
journal)(7 points)
3. Identify the appropriate special journal to be used for every source document listed below:
(4 points)
• Official Receipt issued by the company
• Charge Invoice issued by the company
• Charge Invoice from a supplier
• Official receipt from a supplier as proof of payment of account

V. EVALUATION
1. Differentiate General Ledger from a Subsidiary Ledger
2. Differentiate General Journal from a General Ledger

VI. REMARKS
VII. REFLECTION