Republic of the Philippines

DEPARTMENT OF EDUCATION
Region IV – A (CALABARZON)
Division of Cavite
ANGELO L. LOYOLA SENIOR HIGH SCHOOL
Carmona, Cavite

FUNDAMENTALS OF ACCOUNTANCY, BUSINESS AND MANAGEMENT 1

(SLAS) Student’s Learning Activity Sheet 3rd Quarter SY 2020-2021

Name: CUBEL,KIM KARA A. Teacher: Ms. JENNIFER G. HERNANDEZ

Strand and Section: 11-abm E Date: ________________________
WEEK 5 (April 19-23, 2021)
BOOKS OF ACCOUNTS

What I Know

PRETEST: Fill in the blanks with your answer.

1. The SPECIAL JOURNAL journals is used to record specific types of high-volume information that
would otherwise be recorded in and overwhelm the general ledger.
2. The source documents for TRANSACTION journal are the invoices from the supplier of the company.
3. The GENERAL ledger (commonly referred by accounting professionals as GL) is a grouping of all
accounts used in the preparation of financial statements.
4. The OPENING ENTRY refers to the accounting book in which the accounts and their related amounts as
recorded in the journal are posted periodically.
5. The CASH disbursement journal is used to record all transactions involving cash payments.

What's New
Activity 2. Scrambled Words
Directions: Correct the scrambled words below.
1. It is known as the book if final entry. LEDGER
2. It is called the book of original entry. JOURNAL
3. It is the process of transferring information from the journal to the ledger. POSTING
4. This is used to record all cash that has been received. CASH RECEIPTS JOURNAL
5. Known as the process of entering or recording transaction data in the journal.
JOURNALIZING

Week 5 PAGE 1
 What's More
Activity 3. Accounting Chart
Using the terms you learned in your attached self-learning materials, fill in the blank boxes
accordingly.

Books of Accounts

1.GENERAL JOURNAL 2.SPECIAL JOURNAL

 3. 4.Cash disbur
5.PURCHASE 6.SALES
Cash receipt sement journ JOURNAL JOURNAL
journal. al

What I Have Learned

Identify what special journal that is applicable for the following transactions:
1. Collected PHP10,000 from a customer in payment of his account. Answer: Sales Journal

2. Bought 100 pieces of mugs to be sold in the store amounting to PHP1,500 on account.

Answer: Purchase Journal

3. Sold five pieces of mugs to X, PHP320 cash. Answer: Cash Receipts Journal

4. Sold two pieces of mugs to Y, PHP112 cash Answer: Cash Receipts Journal

5. Purchased office supplies for cash, PHP500. Answer: Cash Receipts Journal

6. Paid PHP20,000 monthly rental. Answer: Cash Disbursements Journal

Week 5 PAGE 2
7. Paid salary of staff, PHP15,000 Answer: Cash Disbursements Journal

8. Sold 100 pieces of mugs to Unicup, Inc., PHP5,600 on account. Answer: Purchase Journal

9. Sold 500 pieces of mugs to Bugsmore Corp. for PHP15,300 payable one month after delivery.

Answer: Cash Receipts Journal

10. Purchase on account 1,000 pieces of mugs for PHP12,400 Answer: Sales Journal

Discuss the following terms based on your own understanding.

1. Cash Receipts Journal - Record all of your incoming cash in your journal. Your cash receipts
journal typically includes cash sales and credit categories.
2. Cash Disbursements Journal - A cash disbursement journal is a record kept by a company's
internal accountants that itemizes all financial expenditures a business makes before those payments
are posted to the general ledger.
3. Sales Journal - the sales journal is used to record all of the company sales on credit. Most often

these sales are made up of inventory sales or other merchandise sales.

4. PurchaseJournal - A purchase journal is a specialised accounting journal and it is also a prime

entry book/daybook/main entry book which is used in an accounting system to keep track of
the orders of items placed using accounts payable

5. Differentiate General Ledger from a Subsidiary Ledger-A subsidiary ledger contains the details

supporting the balance in the general ledger account. For example, a subsidiary ledger is
maintained for all receivables from customers; the sum of balances per customer should equal
the balance of Accounts Receivable Account in the general ledger account.

6. Differentiate General Journal from a General Ledger - Accounting transactions are first recorded
in the general journal and in order of their occurrence. A general ledger contains a summary at
the account level of every transaction that a business has engaged in. The general journal
records all the transactions whereas the general ledger the effect of these journal entries to
every account title. The general journal is called the book of original entry while the general
ledger is called the book of final entry.

Week 5 PAGE 3
 What I Can Do

Activity 4. USE YOUR 2 COLUMN COLUMNAR PAD. Use the format below.

ACCOUNT TITLES AND

DATE P.R. DEBIT CREDIT
EXPLANATION

CASE #1 Journalize the following transactions of Tam-is Bakeshop for the month of December 2020
2020
December 3 Ms. Tam-is invested Php300,000 in the business.
5 Paid cash Php 15,000 for electricity bill for the month.
15 Purchased kitchen equipment Php50,000 on account.
25 Paid baker’s salary for the month, Php20,000.

Week 5 PAGE 4
CASE #2 Journalize the following transactions
Mr. Jeremy Richardson opened his laundry business in Iloilo City on January 2, 2016. The following transactions
occurred during the month of January 2016:

DATE TRANSACTIONS
1/2/16 Invested PHP500,000 to his business. The trade name of the business was “Ocean Laundry Shop”
1/3/16 Hired Dahlen and Karl who will manage his business
1/4/16 Collections from various customers for the day - PHP3,000
1/5/16 Purchase store supplies from Jade Waterfalls - PHP10,000
1/7/16 Collections from various customers for the day - PHP8,000
1/8/16 Mr. Richardson entered into an exclusive contract with Kassandra Hotel where the business will do all the
laundry of the hotel.
1/9/16 Kassandra Hotel availed the services of Mr. Richardson amounting to PHP15,000. Payment will be made on
January 20, 2016.
1/10/16 Collections from various customers for the day - PHP12,000
1/12/16 Purchase a washing machine amounting to PHP50,000
1/15/16 Collections from various customers for the day - PHP20,000
1/19/16 Paid electricity bill for the month amounting to PHP18,000
1/20/16 Received payment from Kassandra Hotel amounting to PHP15,000
1/21/16 Paid salaries of Dahlen and Karl - PHP15,000
1/22/16 Mr. Jeremy Richardson needed money for the hospitalization of his son. He withdrew PHP18,000 from the
business.
1/25/16 Paid airfare ticket of PHP1,500 for the travel of Mr. Richardson to Manila to negotiate a contract with Tyler Gab
Hotel
1/26/16 Paid taxes to the City of Iloilo, PHP4,000
1/27/16 Purchased office supplies amounting to PHP12,500
1/28/16 Collections from various customer for the day - PHP5,000
1/29/16 Tyler Gab Hotel availed the services of Mr. Jeremy Richardson amounting to PHP15,000 payable on Feb 25, 2016.

Week 5 PAGE 5
Week 5 PAGE 6
 Assessment

Let us check how much you learned from this lesson

Essay.
1. Where do we record the transactions that we have identified in the accounting process?

The most basic method used to record a transaction is the journal entry, where the accountant
manually enters the account numbers and debits and credits for each individual transaction.
This approach is time-consuming and subject to error, and so is usually reserved for
adjustments and special entries. In the following bullet points, we note the more automated
approaches used in accounting software to record the more common accounting transactions.

2. What are the tools that we use to document these transactions?

The source documents for general journal entries may be journal vouchers, copies of
management reports and invoices. ... In manual accounting information systems, a variety of
special journals may be used, such as a sales journal, purchase journal, cash receipts journal,
disbursement journal, and a general journal.

Week 5 PAGE 7
3. In your own understanding, how important are these records in accounting?

Keeping accurate accounting records allows a business to be able to: Prepare your
financial statements quickly and accurately. Provide information to enable the control of
cash in the business..

REFLECTIVE JOURNAL
M5 Week 5
Lesson: BOOKS OF ACCOUNTS
(Based from your own understanding and own words)

I understand that

General journal is referred to as the book of original entry. It records business transaction
in order of date using the principle of debit and credit.General ledger is referred to as the
book of final entry. It summarized all the journal entries of an account to get the ending
balances.Cash receipt journal is a special journal used to record cash sales and/or
collection of receivables.Cash disbursement journal is a special journal used to record
cash payments of expenses and/or payables.
Sales journal is a special journal used to record sales on credit (receivable from
customer).Purchase journal is a special journal used to record purchases on credit
(payable to supplier)

I realized that

Books of accounts are the place in which all of the financial transactions and operations of a

company are recorded. The books enable business owners and managers to understand what

money is coming in and out of the business. They are also important for preparing cashflow

forecasts and financial reports

Starting today

I understand the uses of two books of acccounts to record business transaction.

_____________________ Name of Parents ____________________________

Student’s Signature
email add / Contact No. ____________________________

Week 5 PAGE 8
Self-Check!
Before going to the next lesson, check the icon that best shows your learning experience.

I have understood the lesson well and I can even teach what I learned
to others.

I have understood the lesson but there are still other things that I
need to review and relearn.

I need to do additional work to be able to master the lesson. I need

help in some tasks.

If you checked the first icon, you are ready for next lesson.
If you have checked the second icon, you need to review the things that you need to relearn.
If you have checked the third icon, it would be best if you read more and ask help from your teacher, parents or peers in
clarifying the lessons that you find it difficult.
BE HONEST so that you will truly improve. = Ma’am JENI =

Week 5 PAGE 9