Divine Grace Christian Academy of

Quezon City,, Inc.

21 Everlasting St., Payatas A, Quezon City / Tel. No. (02) 500-40-27
Email Address: divinegracechristianacademy@yahoo.com

Name:________________________________________________________________________

Module 10
MODULE IN TLE
(Elective: Basic Accounting)
Topic: Basic Elements of Accounting
Analyzing Transactions

Objectives: At the end of the lesson, the students should be able to:

a. define transactions, events, assets, liabilities, capital, revenue, expenses, net

income, net loss and other related terms;

b. state the balance sheet and income statement equations;

c. analyze transactions as to their effects on assets, liabilities, owner’s equity,

revenue and expenses.

ACTIVITY

Activities will be sent online. Please attend online classes.

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