Republic of the Philippines

Department of Education
Alangilan
Region IV-A Senior High School
CALABARZON
Division ofBatangas
Alangilan, Batangas City
City, Batangas
Telephone No: (043) 741 - 8682
ALANGILAN SENIOR HIGH SCHOOL
Email: alangilan.shs@deped.gov.ph
“Soar High with Excellence, Lead with Confidence”

BUSINESS FINANCE

LEARNING ACTIVITY SHEETS

Prepared by:

Mr. Allan M. Aguilar

Teacher II

0|P age

Beware of Little expenses. A small leak will sink a great ship – Benjamin Franklin

Business Finance
 Alangilan Senior High School
Alangilan, Batangas City, Batangas
Telephone No: (043) 741 - 8682
Email: alangilan.shs@deped.gov.ph
“Soar High with Excellence, Lead with Confidence”

BUSINESS FINANCE

GENERAL DIRECTIONS
Use yellow paper in answering learning activity sheets. Do not use the back of your yellow paper. You
can use ms office word if possible.
Avoid erasures.

BEGIN HERE

Activity #1
Match the letter with the definition that corresponds to the following terms. Write only the letter of the correct answer.
Answer only. Do not copy.

1|P age

Beware of Little expenses. A small leak will sink a great ship – Benjamin Franklin

Business Finance
 Alangilan Senior High School
Alangilan, Batangas City, Batangas
Telephone No: (043) 741 - 8682
Email: alangilan.shs@deped.gov.ph
“Soar High with Excellence, Lead with Confidence”

Activity #2
Classify the following accounts as to (A ) Assets, (L) Liabilities, (OE) Owner’s Equity, (I) Revenue, (E) Expenses.

1. __________ Rent 11. _________ Service Income

2. __________ Supplies Unused 12. _________ Interest Expense
3. __________ Land 13. _________ Mortgage Payable
4. __________ Unpaid Supplies 14. _________ Supplies Used
5. __________ Building 15. _________ Depreciation
6. __________ Utilities 16. _________ Merchandise Inventory
7. __________ Due to SSS 17. _________ Bad Debts
8. __________ Cash in Bank 18. _________ Petty Cash
9. __________ Equipment 19. _________ Motor Vehicle
10. __________ Due to BIR 20. _________ Sales

Activity #3
1. Using the following (scrambled) accounts, prepare a balance sheet for ABM CORPORATION, a retail company, for
the year ending in December 31, 2020. You can use either excel or word format for your balance sheet.
Assume that these are the only Balance Sheet

2|P age

Beware of Little expenses. A small leak will sink a great ship – Benjamin Franklin

Business Finance
 Alangilan Senior High School
Alangilan, Batangas City, Batangas
Telephone No: (043) 741 - 8682
Email: alangilan.shs@deped.gov.ph
“Soar High with Excellence, Lead with Confidence”

Activity #4
Prepare a multi-step income statement for the retail company, ABM CORPORATION, for the year ending December 31,
2020 given the information below: You can use either excel or word format for your income statement.
.

3|P age

Beware of Little expenses. A small leak will sink a great ship – Benjamin Franklin

Business Finance