FUNDAMENTALS OF ACCOUNTANCY, BUSINESS, AND MANAGEMENT 2

Activity 1

September 13, 2020

1. Define the following terms

1. single/sole proprietorship business, 

2. accounting equation, 

3. assets, 

4. liabilities, and 

5. equity

2. Choose one example of single/sole proprietorship business (e.g. Repairing, Sari-sari

store, etc.) and provide an overview of its operation.

3. Cite atleast 5 examples of assets and liabilities that your chosen business have.

Format: Powerpoint Presentation

*Note: Prepare to present your chosen sole proprietorship business and its assets and liabilities
on Sunday, September 13, 2020.