LESSON 16: ACCOUNTING PRACTICE SET

PREFACE
Accounting is one of the most challenging subjects most especially to young students who
have no prior knowledge or experience of it. A practice set is one effective method of
concretizing the students’ learning by stimulating basic business transactions as it passes
through the accounting records.
This practice set was made to provide the students with an overview of how the manual
concepts taught in an introductory accounting course can be applied to the real business
world.
HOW TO USE THE BOOK
The practice set follows the accounting cycle that starts with identifying and analyzing
business transactions, journalizing, posting, summarizing through trial balance and
preparation of financial statements. The student should be familiar with basic accounting
terms, debits and credits, journals, and financial statements to be able to complete this
practice set.
Students should familiarize with the problem, forms and documents. Read and understand
the entity by knowing the line of business and its accounting practices. A brief description
of financial reports and source documents are also discussed for your reference.
Official Receipts (O.R) should be issued chronologically to all payments received. The
issued Official Receipt should be detached from the booklet and filed separately. The same
should be done with the suppliers’ Sales Invoice (S.I.). However, each Sales Invoice paid
should be pulled out and attached to the Official Receipt issued when payment is received.
The Sales Invoice should be issued by the business chronologically, stamped or marked
“PAID” when payment has been made.
The checkbook stub is made up of a check register and blank checks. The check register
records the cash deposited to the account (assuming all cash received are deposited) and
all issuance of checks. Cash disbursements are through check issuance. Any movements to
the cash (receipt and disbursement) should correspondingly be recorded in the check
register. After all transactions are recorded, the balance of the checkbook register should
be equal to the ledger balance of Cash.
Source documents correspond to suppliers, creditors and other third party transactions
mentioned in May transactions. Cut each document when mentioned in the transaction and
file together with originating official forms and documents. For example, when a utility bill
is being paid in a transaction, detach this source document and attach to a check issued for
its payment. You may stamp or write a word “PAID” to the document upon issuance of
check payment.

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Analyze and understand each transaction to avoid errors in recording and journalizing.
After journalizing, post the transaction to the ledger. Fill in the reference (Ref) column in
the General Journal and Ledgers for each completed posting of journal entry.
After the transactions has been journalized and posted, you may start preparing the trial
balance using the blank pages provided in this practice set.

VJ HYPERMART

BACKGROUND OF THE BUSINESS

Vivianne Javelona established VJ Hypermart, a small grocery store located at the heart of
the city. The store operates on a daily basis, as early as 7:00 in the morning until 8 in the
evening. The store’s vicinity makes it convenient to the customers for their grocery needs.
Vivianne Javelona solely owned the VJ Hypermart, thus organized as a sole proprietorship
type of business organization. In this case, the owner receives all profits and absorbs all
losses and is wholly responsible for whatever debts and obligations that may be incurred
by the business. Furthermore, she’s the one who generally manages the over-all
transactions and activities of the store.
Vivianne Javelona employs five employees assigned as store supervisor, Peter James, Joyce
Miller, the bookkeeper, Joy Tee as cashier and two store assistants. Ms. Javelona is the one
who authorizes cash disbursements and issues check for payments of purchases and
obligations. She also acts as the finance officer that keeps track of cash position, marketing
and promotions as well as manages personnel of the store. The store supervisor takes
charge of the inventory monitoring, and daily operating activities. The store assistants take
care of the store upkeep, security, assist customers, stocking, and other activities that may
be assigned them.
A bookkeeper is tasked to record the daily transactions of the business, maintains the
books of accounts and ledgers, performs inventory count, files and consolidates reports,
prepare payroll sheet as well as compile reports for the review of the finance officer and
reports to external parties and government agencies.
The business being new, the owner engages the bookkeeper to prepare monthly financial
reports in its first year of operation. In this way, the owner can keep track of the progress
of the business to several branches within two to three years. However, just like any other
new established business, Vivianne Javelona needs to face the day to day complexities and
challenges the business brings.
SOURCE DOCUMENTS
The owner being an accounting graduate herself understands the accountancy processes
which start from identification of recordable transactions and the analysis of source
documents that support the transactions. These source documents make the accounting

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information reliable and verifiable. The source documents encountered in this practice set
are:
1. Sales Invoice - the document that contains the name of the client, the date of the
transactions, details of merchandise sold, number of items, price, credit terms, any
discounts received and the total amount owed. This document is issued by the store
supervisor to clients on account.

2. Official Receipt - a written evidence issued to the buyer acknowledging a collection

of cash payment. It contains the details of payment and the invoice being paid.

3. Check - is a written order to a bank to pay a specific amount of money to the person
or entity whose name the check has been issued. The checkbook is under the
custodianship of the general manager (owner) who approves payment transactions
and signs the check.
BOOKS AND RECORDS
After the source documents are analyzed, the transaction is recorded in books of the
business. The primary books maintained are the general journal and account ledgers.
The general journal records all the transactions of the business in a chronological order.
The recording follows the correct journal entry format of a double-entry bookkeeping
system. Double entry system ensures that for every transaction, one or more accounts
is debited with the total amount equal to the total of one or more accounts credited. The
general journal also records any correcting and end of the period adjusting entries.
The general ledger is a collection of the individual accounts maintained in the business.
The entries made in the general journal are classified and posted to the individual
account ledgers. The ledgers has debit and credit columns, thus the manner in which
the transactions were journalized dictates what column each transaction will be posted
to its ledger.
SUMMARY AND REPORTS
The business will record transactions based on the account titles listed in the Chart of
Accounts. The Chart of Accounts is a summary of account titles with corresponding
account numbers. The account names are arranged with balance sheet accounts first
(assets, liabilities, and owner’s equity accounts) followed by the income statement
(revenue, expenses, gains and losses).
Ledger balances are summarized in a Trial Balance. A Trial Balance is a statement that
lists down all the general ledger accounts and its balances. Balances can either be a
debit or a credit and entered on the appropriate debit or credit column of the trial
balance. After all accounts and the balances are entered, totals of the debit and credit
columns are taken and the totals should be equal. The trial balance is not a formal
financial report instead used to check that total debits equal total credits, maintaining
the double-entry bookkeeping system.

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 Finally, financial reports are prepared at the end of reporting period. The financial
statements are used to communicate to different users of these reports, the results of
the operation of the business for a particular period. The financial statements are
prepared following the Philippine Financial Reporting Standards (PFRS). The following
are the financial statements to be prepared:
1. Statement of Financial Position
This statement contains the balances of the business’ assets, liabilities and owner’s
equity at a specific date. This can be presented as either in a report format, where
assets are listed first, followed by the liabilities then by the owner’s equity in a
vertical sequence or in an account format where assets are listed on the left side and
liabilities and owner’s equity on the right. For consistency purposes, the report
format shall be used. Moreover, in presenting, there shall be current and noncurrent
distinction whereas assets shall be sub-classified as current assets and non-current
assets, and liabilities as current liabilities and non-current liabilities. The purpose of
this statement is to show the financial position or condition of the business.

2. Statement of Income
This statement contains the summary of the revenues earned and expenses incurred
in a given period of time. Since VJ Hypermart is a merchandising business, the
income statement will show the net sales for the period less the cost of sales. Other
operating expenses will be divided as either general administrative or selling. The
purpose of this statement is to show the performance of the business for a given
period of time.

3. Statement of Changes in Owner’s Equity

This statement contains the summary of the changes that occurred in the owner’s
equity. Increases in owner’s equity will arise from additional investment made by
the owner and the profit acquired during the period while decreases will arise from
withdrawals made by the owner and from the loss during the period. The purpose of
this statement is to report the events that increased or decreased owner’s equity
over the course of the accounting period.

4. Statement of Cash Flow

This statement contains information about the cash receipts or inflows and cash
payments or outflows of the business during the accounting period. It classifies the
cash receipts and cash payments of the business into three activities, namely,
operating, investing and financing activities. The purpose of this statement is to
show the net increase of decrease in cash during the period and the ending cash
balance, thus it will help the business in projecting the future net cash flows.

GENERAL ACCOUNTING POLICIES AND PRACTICE

To present fairly the financial position, results of operation, and changes in financial
position in accordance with generally accepted accounting principles, the

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 management of VJ Hypermart observes the following accounting policies and
practices:

1. In the first year of operation VJ Hypermart prepares monthly financial reports.

Thereafter, the business will follow the calendar year that ends on December 31
and prepare annual financial reports.
2. The store will adopt the periodic inventory system for recording its inventory
and the first-in first-out inventory cost flow.
3. Account Ledgers are updated with the corresponding movements in the
balances of each account.
4. All temporary and nominal accounts are closed every month.
5. All journal entries including the closing entries are recorded in the General
Journal.
6. An Official Receipt is issued each time there is a cash receipt or inflow from a
client. Cash disbursements and payments are all through the issuance of check.
7. The asset method is used to record supplies and the liability method is used to
record unearned revenues.
8. Fixed assets are depreciated using the straight-line method over the estimated
useful life. However, in the first year of operation, monthly depreciation will be
recorded and reported in the financial reports.

STUDENT GUIDE
 Scan the contents of the book and get familiar with the documents and records
 Cut and assemble into booklets the following:
Sales Invoice (page 37-40)
Official Receipts (page 32-36)
Checkbook (page 43-47)
 Check the following accounting books and records in the succeeding pages:
General Journal
Account Ledgers
 Be familiar with the Chart of Accounts of VJ Hypermart.
 Study the Post Closing Trial Balance as of May 31, 2019. Post the balance to the
corresponding Account Ledgers.
 Record the amount of cash from the Post Closing Trial Balance as beginning cash
balance in the checkbook.

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  Record all the transactions on the General Journal.
 Fill out forms and documents required in each transaction.
 Maintain a file of each document prepared or recorded.
1. Outstanding Sales Invoice file (for the purpose of this practice set, all unpaid
original sales invoices issued by the VJ Hypermart which is intended for the
buyer is kept in this file).
2. Paid Sales Invoice file (for the purpose of this practice set, paid sales invoice
are attached to the original official receipts and kept in this file. This file is
arranged according to official receipt number).
 Post journal entries to individual account ledgers.
 Determine the balance of each account ledger.
 Prepare a trial balance.
 Prepare the necessary closing entries.
 Prepare Financial Statements:
o Statement of Financial Position
o Statement of Income
o Statement of Changes in Owner’s Equity
o Statement of Cash Flows
 Prepare a post-closing trial balance

BALANCES AND TRANSACTIONS

Previous month’s balances
VJ Hypermart
Trial Balance
April 30, 2019

Account No. Account Titles Debit Credit

110 Cash 25,400
120 Accounts Receivable 10,200
130 Merchandise Inventory 41,350
140 Store Supplies 1,055
150 Store Equipment and Furniture 43,000
210 Accounts Payable 29,690
310 Vivianne Javelona, Capital 91,315
Total 121,005 121,005
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 VJ Hypermart
Chart of Accounts

Statement of Financial Position Accounts Income Statement

Accounts
Assets Income
110 Cash 410 Sales Revenue
120 Accounts Receivable 411 Sales Discount
130 Merchandise Inventory 412 Sales Returns & Allowances
140 Store Supplies
150 Store Equipment & Furniture Expenses
151 Accumulated Depreciation 510 Purchases
511 Purchase Returns
Liabilities 512 Cost of Goods Sold
210 Accounts Payable 513 Freight-in
220 Utilities Payable 520 Salaries
530 Store Supplies
Owner’s Equity 540 Freight-out
310 Vivianne Javelona, Capital 550 Utilities
320 Vivianne Javelona, Drawings 560 Repairs and Maintenance
330 Income Summary 570 Depreciation

Transactions for the month of May 2019

May 2019

1 Cash sales, P39,000 under OR no. 085

2 Purchased merchandise inventory, P21,000. Issued Check no. 20.
3 Paid previous month creditor, P9,690. Issued Check no. 21
3 Purchased merchandise on account from SMG, P38, 000.
4 Sold merchandise on account to JP Dormitory, P42,000, terms 10 days.
Issued Sales Invoice no. 038
5 Paid SMG P19,000 in partial payment of account. Issued Check no. 22.
6 Sold merchandise on account to Mrs. Jane Perez, P10,120, term 2/10, n/15.
Issued Sales Invoice no. 039.
7 Cash sales, P12,000 under OR no. 086
8 Sold to customer one sack of rice for cash of P2,500. Issued OR no.087.
9 Received partial payment from JP Dormitory, P21,000. Issued OR no. 088.

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 10 Received payment from Mrs. Perez who availed the discount. Issued OR no.
090.
11 Sales for cash, P10,500 with OR no. 089 and P4,000 on account from Cool
Store under Sales Invoice no. 040
12 Collected in full, account of JP Dormitory, P10,000 and issued OR no. 091.
13 Received electricity bill amounting to P9,350.
14 Paid electricity bill amounting to P9,350. Issued Check no. 23.
14 Cash Sales amounting to P2,210 with OR no. 092
15 Paid the salaries of employees equivalent to one-half of the monthly pay,
P15,550. Issued Check no. 24.
16 Cash sales from customer, P6,500. Issued OR no. 093.
16 Withdrew P10,000 for personal use under Check no. 25.
17 Collected account due of Cool Store and issued OR no. 094.
18 Paid SMG the remaining balance of P19,000. Issued Check no. 26.
19 Purchase merchandise on account from Pure Silver, P18,000.
20 Ordered store supplies from PhilChi Inc..
20 Purchased additional merchandise on account from SMG, P29, 000.
21 Sold merchandise for cash, P33,490. Issued OR no. 095
22 Received a total of P16,100 cash from Mr. Doo of Bibimbaap for merchandise
purchased. Issued OR no. 096.
22 Paid store supplies previously ordered from PhilChi Inc., P5,500. Issued
Check no. 27.
23 Received cash from customers on account from previous month, P10,200.
23 Made partial payment to Pure Silver, P10,000 and issued Check no. 28.
23 Paid SMG, P15,000 in partial payment of account. Issued Check no. 29.
24 Paid the remaining balance from previous month creditors. Issued Check no.
30.
25 Paid water bill amounting to P3,650. Issued Check no. 31.
26 Incurred repairs expense for the store equipment.
27 Issued Check no. 32 as payment for the repairs of store equipment, P1,000.
27 Cash sales from customers, P39,000. Issued OR no. 097

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 28 Purchased merchandise from Metro Suppliers P60,000. Issued Check no. 32.
Returned defective merchandise purchased from Metro Suppliers, P5000
cash was reimbursed.
29 Purchase merchandise on account from SMG for P16,000.
30 Paid the remaining balance to Pure Silver. Issued Check no. 33.
30 Paid the remaining half of the salaries of employees, P15,550. Issued Check
no. 34.
30 Vivianne Javelona withdrew cash of P10,000 under Check no. 35.
31 At the end of the month, remaining supplies amounted to P500.
31 Depreciation for the month amounted to P715.
31 Balance of Merchandise Inventory at the end of the month amounted to
P93,165.

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 GENERAL JOURNAL
Date Account Title/Description Debit Credit Reference
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         

GENERAL LEDGERS

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Account Title: Cash

Account No. 110

Date Remarks Ref Debit Credit Balance

           
           
           
           
           
           
           
           
           
           
           
           
           
           
           
           
           
           
           
           
           
           
           

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Account Title: Accounts Receivable

Account No. 120

Date Remarks Ref Debit Credit Balance

           
           
           
           
           
           
           
           
           
           
           
           
           

Account Title: Merchandise Inventory

Account No. 130

Date Remarks Ref Debit Credit Balance

           
           
           
           
           
           
           
           
           
           
           
           
           

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Account Title: Store Supplies

Account No. 140

Date Remarks Ref Debit Credit Balance

           
           
           
           
           
           
           
           
           
           
           
           
           

Account Title: Store Equipment and Furniture

Account No. 150

Date Remarks Ref Debit Credit Balance

           
           
           
           
           
           
           
           
           
           
           
           
           

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Account Title: Accumulated Depreciation

Account No. 151

Date Remarks Ref Debit Credit Balance

           
           
           
           
           
           
           
           
           
           
           
           
           

Account Title: Accounts Payable

Account No. 210

Date Remarks Ref Debit Credit Balance

           
           
           
           
           
           
           
           
           
           
           
           
           

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Account Title: Utilities Payable

Account No. 220

Date Remarks Ref Debit Credit Balance

           
           
           
           
           
           
           
           
           
           
           
           
           

Account Title: Vivianne Javelona, Capital

Account No. 310

Date Remarks Ref Debit Credit Balance

           
           
           
           
           
           
           
           
           
           
           
           
           

Account Title: Vivianne Javelona, Drawings

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Account No. 320

Date Remarks Ref Debit Credit Balance

           
           
           
           
           
           
           
           
           
           
           
           
           

Account Title: Income Summary

Account No. 330

Date Remarks Ref Debit Credit Balance

           
           
           
           
           
           
           
           
           
           
           
           
           

Account Title: Sales Revenue

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Account No. 410

Date Remarks Ref Debit Credit Balance

           
           
           
           
           
           
           
           
           
           
           
           
           

Account Title: Sales Discount

Account No. 411

Date Remarks Ref Debit Credit Balance

           
           
           
           
           
           
           
           
           
           
           
           
           

Account Title: Sales Return & Allowances

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Account No. 412

Date Remarks Ref Debit Credit Balance

           
           
           
           
           
           
           
           
           
           
           
           
           

Account Title: Purchases

Account No. 510

Date Remarks Ref Debit Credit Balance

           
           
           
           
           
           
           
           
           
           
           
           
           

Account Title: Purchase Returns

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Account No. 511

Date Remarks Ref Debit Credit Balance

           
           
           
           
           
           
           
           
           
           
           
           
           

Account Title: Cost of Goods Sold

Account No. 512

Date Remarks Ref Debit Credit Balance

           
           
           
           
           
           
           
           
           
           
           
           
           

Account Title: Freight-in

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Account No. 513

Date Remarks Ref Debit Credit Balance

           
           
           
           
           
           
           
           
           
           
           
           
           

Account Title: Salaries

Account No. 520

Date Remarks Ref Debit Credit Balance

           
           
           
           
           
           
           
           
           
           
           
           
           

Account Title: Store Supplies

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Account No. 530

Date Remarks Ref Debit Credit Balance

           
           
           
           
           
           
           
           
           
           
           
           
           

Account Title: Freight-out

Account No. 540

Date Remarks Ref Debit Credit Balance

           
           
           
           
           
           
           
           
           
           
           
           
           

Account Title: Utilities

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Account No. 550

Date Remarks Ref Debit Credit Balance

           
           
           
           
           
           
           
           
           
           
           
           
           

Account Title: Repairs and Maintenance

Account No. 560

Date Remarks Ref Debit Credit Balance

           
           
           
           
           
           
           
           
           
           
           
           
           

Account Title: Depreciation

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Account No. 570

Date Remarks Ref Debit Credit Balance

           
           
           
           
           
           
           
           
           
           
           
           
           

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FINANCIAL REPORTS
A. Trial Balance
B. Statement of Financial Position
C. Statement of Income and Expenses
D. Statement of Owner’s Equity
E. Statement of Cash Flow
F. Post-Closing Trial Balance

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A. Trial Balance

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B. Statement of Financial Position

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
C. Statement of Income and Expenses

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D. Statement of Owner’s Equity

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E. Statement of Cash Flows

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F. Post-Closing Trial Balance

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30 | P a g e
 In settlement of the following: VJ HYPERMART
Invoice No. Amount
Manila, Philippines
Non-VAT Reg. TIN 000-000-000-0000
No. 085
OFFICIAL RECEIPT
Total Sales Date __________________

Less: SC/PWD Discount

Received from __________________________________________________________
Total Due with TIN ____________________ and address at_______________________________
Less: Withholding tax engage in Bus. Style of___________________________________________________
Payment Due the sum of _____________________________________________________________
pesos (P _____________________________) in partial / full payment for
_______________________________________________________________________

Form of Payment: Senior Citizen TIN

OSCA/ PWD ID No. Signature

Cash Check _____________________________
Cashier/ Authorized Signature

In settlement of the following: VJ HYPERMART

Invoice No. Amount
Manila, Philippines
Non-VAT Reg. TIN 000-000-000-0000
No. 086
OFFICIAL RECEIPT
Total Sales Date __________________

Less: SC/PWD Discount

Received from __________________________________________________________
Total Due with TIN ____________________ and address at_______________________________
Less: Withholding tax engage in Bus. Style of___________________________________________________
Payment Due the sum of _____________________________________________________________
pesos (P _____________________________) in partial / full payment for
_______________________________________________________________________

Form of Payment: Senior Citizen TIN

OSCA/ PWD ID No. Signature

Cash Check _____________________________
Cashier/ Authorized Signature

In settlement of the following: VJ HYPERMART

Invoice No. Amount
Manila, Philippines
Non-VAT Reg. TIN 000-000-000-0000
No. 087
OFFICIAL RECEIPT
Total Sales Date __________________

Less: SC/PWD Discount

Received from __________________________________________________________
Total Due with TIN ____________________ and address at_______________________________
Less: Withholding tax engage in Bus. Style of___________________________________________________
Payment Due the sum of _____________________________________________________________
pesos (P _____________________________) in partial / full payment for
_______________________________________________________________________

Form of Payment: Senior Citizen TIN

OSCA/ PWD ID No. Signature

Cash Check _____________________________
Cashier/ Authorized Signature

31 | P a g e
 In settlement of the following: VJ HYPERMART
Invoice No. Amount
Manila, Philippines
Non-VAT Reg. TIN 000-000-000-0000
No. 088
OFFICIAL RECEIPT
Total Sales Date __________________

Less: SC/PWD Discount

Received from __________________________________________________________
Total Due with TIN ____________________ and address at_______________________________
Less: Withholding tax engage in Bus. Style of___________________________________________________
Payment Due the sum of _____________________________________________________________
pesos (P _____________________________) in partial / full payment for
_______________________________________________________________________

Form of Payment: Senior Citizen TIN

OSCA/ PWD ID No. Signature

Cash Check _____________________________
Cashier/ Authorized Signature

In settlement of the following: VJ HYPERMART

Invoice No. Amount
Manila, Philippines
Non-VAT Reg. TIN 000-000-000-0000
No. 089
OFFICIAL RECEIPT
Total Sales Date __________________

Less: SC/PWD Discount

Received from __________________________________________________________
Total Due with TIN ____________________ and address at_______________________________
Less: Withholding tax engage in Bus. Style of___________________________________________________
Payment Due the sum of _____________________________________________________________
pesos (P _____________________________) in partial / full payment for
_______________________________________________________________________

Form of Payment: Senior Citizen TIN

OSCA/ PWD ID No. Signature

Cash Check _____________________________
Cashier/ Authorized Signature

In settlement of the following: VJ HYPERMART

Invoice No. Amount
Manila, Philippines
Non-VAT Reg. TIN 000-000-000-0000
No. 090
OFFICIAL RECEIPT
Total Sales Date __________________

Less: SC/PWD Discount

Received from __________________________________________________________
Total Due with TIN ____________________ and address at_______________________________
Less: Withholding tax engage in Bus. Style of___________________________________________________
Payment Due the sum of _____________________________________________________________
pesos (P _____________________________) in partial / full payment for
_______________________________________________________________________

Form of Payment: Senior Citizen TIN

OSCA/ PWD ID No. Signature

Cash Check _____________________________
Cashier/ Authorized Signature

32 | P a g e
 In settlement of the following: VJ HYPERMART
Invoice No. Amount
Manila, Philippines
Non-VAT Reg. TIN 000-000-000-0000
No. 091
OFFICIAL RECEIPT
Total Sales Date __________________

Less: SC/PWD Discount

Received from __________________________________________________________
Total Due with TIN ____________________ and address at_______________________________
Less: Withholding tax engage in Bus. Style of___________________________________________________
Payment Due the sum of _____________________________________________________________
pesos (P _____________________________) in partial / full payment for
_______________________________________________________________________

Form of Payment: Senior Citizen TIN

OSCA/ PWD ID No. Signature

Cash Check _____________________________
Cashier/ Authorized Signature

In settlement of the following: VJ HYPERMART

Invoice No. Amount
Manila, Philippines
Non-VAT Reg. TIN 000-000-000-0000
No. 092
OFFICIAL RECEIPT
Total Sales Date __________________

Less: SC/PWD Discount

Received from __________________________________________________________
Total Due with TIN ____________________ and address at_______________________________
Less: Withholding tax engage in Bus. Style of___________________________________________________
Payment Due the sum of _____________________________________________________________
pesos (P _____________________________) in partial / full payment for
_______________________________________________________________________

Form of Payment: Senior Citizen TIN

OSCA/ PWD ID No. Signature

Cash Check _____________________________
Cashier/ Authorized Signature

In settlement of the following: VJ HYPERMART

Invoice No. Amount
Manila, Philippines
Non-VAT Reg. TIN 000-000-000-0000
No. 093
OFFICIAL RECEIPT
Total Sales Date __________________

Less: SC/PWD Discount

Received from __________________________________________________________
Total Due with TIN ____________________ and address at_______________________________
Less: Withholding tax engage in Bus. Style of___________________________________________________
Payment Due the sum of _____________________________________________________________
pesos (P _____________________________) in partial / full payment for
_______________________________________________________________________

Form of Payment: Senior Citizen TIN

OSCA/ PWD ID No. Signature

Cash Check _____________________________
Cashier/ Authorized Signature

33 | P a g e
 In settlement of the following: VJ HYPERMART
Invoice No. Amount
Manila, Philippines
Non-VAT Reg. TIN 000-000-000-0000
No. 094
OFFICIAL RECEIPT
Total Sales Date __________________

Less: SC/PWD Discount

Received from __________________________________________________________
Total Due with TIN ____________________ and address at_______________________________
Less: Withholding tax engage in Bus. Style of___________________________________________________
Payment Due the sum of _____________________________________________________________
pesos (P _____________________________) in partial / full payment for
_______________________________________________________________________

Form of Payment: Senior Citizen TIN

OSCA/ PWD ID No. Signature

Cash Check _____________________________
Cashier/ Authorized Signature

In settlement of the following: VJ HYPERMART

Manila, Philippines
Invoice No. Amount
Non-VAT Reg. TIN 000-000-000-0000
No. 095
OFFICIAL RECEIPT
Total Sales Date __________________

Less: SC/PWD Discount

Received from __________________________________________________________
Total Due with TIN ____________________ and address at_______________________________
Less: Withholding tax engage in Bus. Style of___________________________________________________
Payment Due the sum of _____________________________________________________________
pesos (P _____________________________) in partial / full payment for
_______________________________________________________________________

Form of Payment: Senior Citizen TIN

OSCA/ PWD ID No. Signature

Cash Check _____________________________
Cashier/ Authorized Signature

In settlement of the following: VJ HYPERMART

Invoice No. Amount
Manila, Philippines
Non-VAT Reg. TIN 000-000-000-0000
No. 096
OFFICIAL RECEIPT
Total Sales Date __________________

Less: SC/PWD Discount

Received from __________________________________________________________
Total Due with TIN ____________________ and address at_______________________________
Less: Withholding tax engage in Bus. Style of___________________________________________________
Payment Due the sum of _____________________________________________________________
pesos (P _____________________________) in partial / full payment for
_______________________________________________________________________

Form of Payment: Senior Citizen TIN

OSCA/ PWD ID No. Signature

Cash Check _____________________________
Cashier/ Authorized Signature

34 | P a g e
 In settlement of the following: VJ HYPERMART
Invoice No. Amount
Manila, Philippines
Non-VAT Reg. TIN 000-000-000-0000
No. 097
OFFICIAL RECEIPT
Total Sales Date __________________

Less: SC/PWD Discount

Received from __________________________________________________________
Total Due with TIN ____________________ and address at_______________________________
Less: Withholding tax engage in Bus. Style of___________________________________________________
Payment Due the sum of _____________________________________________________________
pesos (P _____________________________) in partial / full payment for
_______________________________________________________________________

Form of Payment: Senior Citizen TIN

OSCA/ PWD ID No. Signature

Cash Check _____________________________
Cashier/ Authorized Signature

In settlement of the following: VJ HYPERMART

Manila, Philippines
Invoice No. Amount
Non-VAT Reg. TIN 000-000-000-0000
No. 098
OFFICIAL RECEIPT
Total Sales Date __________________

Less: SC/PWD Discount

Received from __________________________________________________________
Total Due with TIN ____________________ and address at_______________________________
Less: Withholding tax engage in Bus. Style of___________________________________________________
Payment Due the sum of _____________________________________________________________
pesos (P _____________________________) in partial / full payment for
_______________________________________________________________________

Form of Payment: Senior Citizen TIN

OSCA/ PWD ID No. Signature

Cash Check _____________________________
Cashier/ Authorized Signature

In settlement of the following: VJ HYPERMART

Invoice No. Amount
Manila, Philippines
Non-VAT Reg. TIN 000-000-000-0000
No. 099
OFFICIAL RECEIPT
Total Sales Date __________________

Less: SC/PWD Discount

Received from __________________________________________________________
Total Due with TIN ____________________ and address at_______________________________
Less: Withholding tax engage in Bus. Style of___________________________________________________
Payment Due the sum of _____________________________________________________________
pesos (P _____________________________) in partial / full payment for
_______________________________________________________________________

Form of Payment: Senior Citizen TIN

OSCA/ PWD ID No. Signature

Cash Check _____________________________
Cashier/ Authorized Signature

35 | P a g e
 In settlement of the following: VJ HYPERMART
Invoice No. Amount
Manila, Philippines
Non-VAT Reg. TIN 000-000-000-0000
No. 100
OFFICIAL RECEIPT
Total Sales Date __________________

Less: SC/PWD Discount

Received from __________________________________________________________
Total Due with TIN ____________________ and address at_______________________________
Less: Withholding tax engage in Bus. Style of___________________________________________________
Payment Due the sum of _____________________________________________________________
pesos (P _____________________________) in partial / full payment for
_______________________________________________________________________

Form of Payment: Senior Citizen TIN

OSCA/ PWD ID No. Signature

Cash Check _____________________________
Cashier/ Authorized Signature

36 | P a g e
 SALES INVOICE
Company: VJ HYPERMART Invoice No.: 038
`
Address: Manila, Philippines Invoice Date:
TIN: 000-000-000-0000
Telephone: (02) 000-0001

Customer Name:
Customer Address:

Item Description Quantity Amount

Total

Signature

SALES INVOICE
Company: VJ HYPERMART Invoice No.: 039
Address: Manila, Philippines Invoice Date:
TIN: 000-000-000-0000
Telephone: (02) 000-0001

Customer Name:
Customer Address:

Item Description Quantity Amount

Total

Signature

37 | P a g e
 SALES INVOICE
Company: VJ HYPERMART Invoice No.: 040
Address: Manila, Philippines Invoice Date:
TIN: 000-000-000-0000
Telephone: (02) 000-0001

Customer Name:
Customer Address:

Item Description Quantity Amount

Total

Signature

38 | P a g e
 SUPPLIER INVOICE
Company: SMG Invoice No.: 1012
Address: Manila, Philippines Invoice Date: May 3, 2019
TIN: 100-000-000-0000
Telephone: (02) 000-0002

Bill to: VJ HYPERMART

Address: Manila, Philippines

Item Description Quantity Amount

Grocery Merchandise xxx P 38,000

Total P 38,000

Signature

SUPPLIER INVOICE
Company: PURE SILVER Invoice No.: 2001
Address: Manila, Philippines Invoice Date: May 19, 2019
TIN: 200-000-000-0000
Telephone: (02) 000-0003

Bill to: VJ HYPERMART

Address: Manila, Philippines

Item Description Quantity Amount

Grocery Merchandise xxx P 18,000

Total P 18,000

Signature

39 | P a g e
 MANILA ELECTRIC CORPORATION
SUPPLIER INVOICE
Manila, Philippines
Company: SMG Invoice No.: 1035
VJ Hypermart
Address: Manila, Philippines Invoice Date: 00921855
Account Number: May 20, 2019
TIN: 300-000-000-0000
Manila, Philippines Due Date: May 25, 2019
Telephone: (02) 000-0001

Bill to: VJ HYPERMART

May 13, 2019
Address: Manila, Philippines

Dear Consumers, Item Description Quantity Amount

Your electric bill for

Grocery the current period are as follows:
Merchandise xxx P 29,000

Total electric consumption P 9,350

Total P 29,000

40 | P a g e Total P 9,350

Signature
 MANILA ELECTRIC CORPORATION
Manila, Philippines
No. 00921855
OFFICIAL RECEIPT

Account Number:00921855 Date: May 14, 2019

Received from: VJ Hypermart

Amount due: P 9,350
Amount paid: P 9,350

Cashier/ Authorized Signature

41 | P a g e
 MANILA WATER DISTRICT
Manila, Philippines

VJ Hypermart Account Number: 265000

Manila, Philippines Due Date: May 30, 2019

May 23, 2019

Dear Consumers,

Your water bill for the current period are as follows:

Total water consumption P 3,650

Total P 3,650

CHECKBOOK
DATE CHECK NUMBER PARTICULARS DEPOSIT WITHDRAWAL BALANCE
BALANCE BROUGHT FORWARD

MANILA WATER DISTRICT

Manila, Philippines
No. 265000

OFFICIAL RECEIPT

Account Number:265000 Date: May 25, 2019

Received from: VJ Hypermart

Amount due: P 3,650
Amount paid: P 3,650

Cashier/ Authorized Signature

42 | P a g e
43 | P a g e
ACCOUNT No. ACCOUNT NAME CHECK No. 20
1000-0000-00 VJ HYPERMART
Date _______________
PAY TO THE
ORDER OF P

PESOS
I/We allow the electronic clearing of this check and hereby waive the presentation for payment of this original to Phil Bank
PHIL BANK
Manila, Philippines

ACCOUNT No. ACCOUNT NAME CHECK No. 21

1000-0000-00 VJ HYPERMART
Date _______________
PAY TO THE
ORDER OF P

PESOS
I/We allow the electronic clearing of this check and hereby waive the presentation for payment of this original to Phil Bank
PHIL BANK
Manila, Philippines

ACCOUNT No. ACCOUNT NAME CHECK No. 22

1000-0000-00 VJ HYPERMART
Date _______________
PAY TO THE
ORDER OF P

PESOS
I/We allow the electronic clearing of this check and hereby waive the presentation for payment of this original to Phil Bank
PHIL BANK
Manila, Philippines

ACCOUNT No. ACCOUNT NAME CHECK No. 23

1000-0000-00 VJ HYPERMART
Date _______________
PAY TO THE
ORDER OF P

PESOS
I/We allow the electronic clearing of this check and hereby waive the presentation for payment of this original to Phil Bank
PHIL BANK
Manila, Philippines

44 | P a g e
ACCOUNT No. ACCOUNT NAME CHECK No. 24
1000-0000-00 VJ HYPERMART
Date _______________
PAY TO THE
ORDER OF P

PESOS
I/We allow the electronic clearing of this check and hereby waive the presentation for payment of this original to Phil Bank
PHIL BANK
Manila, Philippines

ACCOUNT No. ACCOUNT NAME CHECK No. 25

1000-0000-00 VJ HYPERMART
Date _______________
PAY TO THE
ORDER OF P

PESOS
I/We allow the electronic clearing of this check and hereby waive the presentation for payment of this original to Phil Bank
PHIL BANK
Manila, Philippines

ACCOUNT No. ACCOUNT NAME CHECK No. 26

1000-0000-00 VJ HYPERMART
Date _______________
PAY TO THE
ORDER OF P

PESOS
I/We allow the electronic clearing of this check and hereby waive the presentation for payment of this original to Phil Bank
PHIL BANK
Manila, Philippines

ACCOUNT No. ACCOUNT NAME CHECK No. 27

1000-0000-00 VJ HYPERMART
Date _______________
PAY TO THE
ORDER OF P

PESOS
I/We allow the electronic clearing of this check and hereby waive the presentation for payment of this original to Phil Bank
PHIL BANK
Manila, Philippines

45 | P a g e
ACCOUNT No. ACCOUNT NAME CHECK No. 28
1000-0000-00 VJ HYPERMART
Date _______________
PAY TO THE
ORDER OF P

PESOS
I/We allow the electronic clearing of this check and hereby waive t he presentation for payment of this original to Phil Bank
PHIL BANK
Manila, Philippines

ACCOUNT No. ACCOUNT NAME CHECK No. 29

1000-0000-00 VJ HYPERMART
Date _______________
PAY TO THE
ORDER OF P

PESOS
I/We allow the electronic clearing of this check and hereby waive t he presentation for payment of this original to Phil Bank
PHIL BANK
Manila, Philippines

ACCOUNT No. ACCOUNT NAME CHECK No. 30

1000-0000-00 VJ HYPERMART
Date _______________
PAY TO THE
ORDER OF P

PESOS
I/We allow the electronic clearing of this check and hereby waive t he presentation for payment of this original to Phil Bank
PHIL BANK
Manila, Philippines

ACCOUNT No. ACCOUNT NAME CHECK No. 31

1000-0000-00 VJ HYPERMART
Date _______________
PAY TO THE
ORDER OF P

PESOS
I/We allow the electronic clearing of this check and hereby waive t he presentation for payment of this original to Phil Bank
PHIL BANK
Manila, Philippines

46 | P a g e
ACCOUNT No. ACCOUNT NAME CHECK No. 32
1000-0000-00 VJ HYPERMART
Date _______________
PAY TO THE
ORDER OF P

PESOS
I/We allow the electronic clearing of this check and hereby waive the presentation for payment of this original to Phil Bank
PHIL BANK
Manila, Philippines

ACCOUNT No. ACCOUNT NAME CHECK No. 33

1000-0000-00 VJ HYPERMART
Date _______________
PAY TO THE
ORDER OF P

PESOS
I/We allow the electronic clearing of this check and hereby waive the presentation for payment of this original to Phil Bank
PHIL BANK
Manila, Philippines

ACCOUNT No. ACCOUNT NAME CHECK No. 34

1000-0000-00 VJ HYPERMART
Date _______________
PAY TO THE
ORDER OF P

PESOS
I/We allow the electronic clearing of this check and hereby waive the presentation for payment of this original to Phil Bank
PHIL BANK
Manila, Philippines

ACCOUNT No. ACCOUNT NAME CHECK No. 35

1000-0000-00 VJ HYPERMART
Date _______________
PAY TO THE
ORDER OF P

PESOS
I/We allow the electronic clearing of this check and hereby waive the presentation for payment of this original to Phil Bank
PHIL BANK
Manila, Philippines

47 | P a g e