School: St.

Vincent of Quebiawan Integrated School Grade Level: 12

Teacher: Angelica H. Paras Semester: First
Learning Area: Fundamentals of Accounting, Business, and Management 2 Quarter: First Week: 7

SELF–INSTRUCTIONAL PACKETS

I. OBJECTIVES
A. Content Standards

The learners demonstrate an understanding of the types of bank accounts, basic transactions,
and documents related to bank deposits and withdrawals.

B. Performance Standards

The learners shall be able to share samples of bank account forms and documents in class and
discuss their uses and importance.

C. Learning Competencies

The learners…
1. identify the types of bank accounts normally maintained by a business
(ABM_FABM12-IIc-5)
2. prepare bank deposit and withdrawal slips (ABM_FABM12-IIc-7)
3. identify and prepare checks (ABM_FABM12-IIc-8)
4. identify and understand the contents of a bank statement (ABM_FABM12-IIc-9)
D. Objectives

At the end of the lesson, the learners are expected to:

1. identify the types of bank accounts normally maintained by a business
2. prepare bank deposit and withdrawal slips
3. identify and prepare checks
4. identify and understand the contents of a bank statement

II. CONTENT

Basic Documents and Transactions related to Bank Deposits

III. LEARNING RESOURCES

A. Reference/s (Sanggunian)

Fundamentals of Accountancy, Business, and Management 2 Teacher’s Guide pp. 115-123

Fundamentals of Accountancy, Business, and Management 2 by F. Ong pp. 160-170

B. Other Learning Resources (Iba pang Kagamitang Panturo)

IV. PROCEDURES
A. Reviewing previous lesson or presenting the new lesson

Hello! We are now on our last topic for this quarter. Time passes quickly, right?

This lesson is somewhat connected to the lessons we had for the past weeks since it involves
money.

Let’s start!

Page 1 of 10
 Let us say that you are going to Sm Pampanga. On your way there you will pass by a lot of
establishments, right? There are restaurants, café, salons, pet stores, party needs, grocery
stores, banks, and many more.

Since this lesson involves money, let us focus on banks.

Can you enumerate some banks existing in your respective communities?

1. _____________________________________
2. _____________________________________
3. _____________________________________

You cannot only see banks along the high ways. You can also seldom see them in the TV
commercials. Are you familiar with the following taglines?

Very good!

1
QUICK
CHECK Which bank do you think has the following tagline?
Choose your answer from the choices below.

A. Union Bank of the Philippines (UBP)

B. Banco de Oro (BDO)
C. Land Bank of the Philippines (LBP)
D. Bank of the Philippine Islands (BPI)
E. Citibank

____1. “We find ways.” HOW DID YOU DO?

____2. “Citi never sleeps” RATE YOURSELF!
____3. “Driven with Passion. Powered by Excellence” 4 – Very good
____4. “Ang Bangkong May Damdaming Bayan” 3 – Good
____5. “We’ll take you farther” 2 – Fair
0-1 – Try again
Now, check your work by turning to page 8 for the key to correction.

B. Establishing a purpose for the lesson

Answer the following questions:

Do you have a bank account? __________________
If no, do you have plans opening a bank account someday? ___________________
What is the purpose of your account?
___________________________________________________________________________
___________________________________________________________________________
Why you choose a bank?
___________________________________________________________________________
___________________________________________________________________________

Banking has been around in one form or another throughout recorded history, as issuers of
currency and as stores of wealth. Even before currency emerged, starting with the first minted
coins, and then adding what were known as banknotes, paper currency, banks still were around
to manage the accumulation of assets.

In order to manage an empire for instance, even the earliest ones, some form of banking was
required to manage trade and keep the flow of goods and services moving both within the empire
and to other empires.

Page 2 of 10
 Once currency emerged, this made this exchange of value much easier and efficient, and now
one could simply trade things like coins or gold for other goods. You can’t have any form of
currency without banking to manage it, and even the mere issuing of it requires management by
banks of some sort.

C. Presenting examples/instances of the new lesson

Imagine this…
You won the lotto jackpot prize worth Thirty Million Pesos (₱30,000,000). One of your friends
advice to put your money in the bank, open savings and a checking account but your mother
want to invest your money in a networking were your money will be double after one month.
Answer the following questions:
1. What will you choose? The advice of your friend or the advice of your mother? Why?
___________________________________________________________________________
___________________________________________________________________________

2. What do you think is the difference between savings and investment?

___________________________________________________________________________
___________________________________________________________________________

Some people think banks just offer checking and savings accounts, but there are actually other
types of bank accounts that financial institutions commonly offer.

There are lots of things you can do with your money: You could deposit all of it into a checking
account so you can spend and make deposits easily and often; you could split your money
among different types of accounts to earn interest or dividends from investments; or you could
cash your pay checks and store your money under your mattress (we don’t recommend that last
option).

D. Discussing new concepts and practicing new skills #1

Let us now define what a bank account is.

A bank account is a record of the bank’s client set up by the bank.

Business usually maintain two types of account: (1) savings account, and (2) checking or
current account.
Savings Accounts
These are intended to provide an incentive for the depositor to save money.
✓ The depositor can make deposits and withdrawals using the form provided by the bank.
✓ Banks usually pay an interest rate that is higher than a checking account or a current
account.
✓ Some savings accounts have a passbook, in which transactions are logged in a small
booklet that the depositor keep
✓ Some savings accounts charge a fee if the balance falls below a specified minimum

Checking or Current Accounts

✓ Money held under a checking account can be withdrawn through issuance of a check
✓ Banks usually allows numerous withdrawals and unlimited deposit under this type of
account.
✓ The interest rate for checking account is usually lower as compared to a savings account.
✓ The account holder or depositor of a checking account is normally provided at the end of
the month a bank statement showing all the deposits made, checks paid by the bank, and
the balance of the account.
✓ The depositor is given easy access to the funds as compared to a savings account.

Page 3 of 10
 Other than savings and checking accounts, there are other types of bank accounts that may be
used:

Time Deposit Account (Certificate of Deposit Account)

✓ held for a fixed-term and can be withdrawn only after the lapse of the agreed period and
by giving notice to the bank
✓ may be withdrawn also anytime however the bank usually charges penalties
✓ yield high interest

ATM (Automated Teller Machine) Account

✓ withdrawals can be made through designated machines
✓ a 24 hour teller machine and the funds can be withdrawn anytime
✓ the advantage of this account is that even if the banks are closed, you can withdraw your
funds

Note that in order to open a particular account, the bank will require individuals certain
documents such as valid identification card and will ask you to fill-up the forms prepared by the
bank. Upon approval of the application to open an account, the bank will give the depositor his
account number.

E. Discussing new concepts and practicing new skills #2

PREPARATION OF BANK DEPOSIT AND WITHDRAWAL SLIPS

A withdrawal slip and deposit slip are written orders to the bank. These slips are used to take
out money or to put in money to the depositors account.

Withdrawal Slip
Without a withdrawal slip, the bank will not allow you to get money from your account. The
required information in the withdrawal slip are:
a. Account Name - the name of the
depositor
b. Account Number – the unique
identifier given by the bank for
every account maintained
c. Date of the withdrawal
d. Type of account - savings or
current
e. Currency
f. Amount to be withdrawn - the
amount that the depositor wishes
to withdraw from his account. The amounts in words and in figures are indicated.
g. Signature of the Depositor – this is the most important part in the withdrawal slip. The
signature is a proof that the depositor is authorizing the bank to get money from his
account. Usually, the bank compares the signature in the withdrawal slip against the
signature in the bank records submitted during the opening of the account.

There are instances that the depositor cannot attend personally to withdraw the funds, he may
authorize a representative by indicating the name of the representative in the space provided
and the representative must sign. There is a need for the representative to bring a valid
identification card upon withdrawal otherwise the bank will not approval the withdrawal.

Page 4 of 10
Deposit Slip
The bank provides deposit slip that the depositor will fill up every time the depositor will put in
money to his account. The usually required information in a deposit slip are: (see enclosure 2)
a. Account Name – this is the
complete name of the depositor
that is reflected in the records of
the bank. If it has a pass book, the
account name is indicated on first
page inside the passbook.
b. Account Number – this is a unique
identifier of the account maintained
by the depositor.
c. Date of Deposit
d. Type of Account
e. Currency
f. Amount in words and in figures – the amount that the depositor wishes to put into his
account. The amount to be deposited maybe in form of cash or check.
g. If it is a cash deposit, the breakdown of the cash is usually listed in the deposit slip if it is
a check deposit, the details of the checks are indicated in the deposit slip, for example:
Issuing Bank, Address of the Issuing Bank, date of the check and the amount.

Check (Cheque)
A check is a document that orders a bank to pay a specific amount of money from a person's
account to the person in whose name the cheque has been issued.

The person writing the cheque, the drawer, has a transaction banking account where his money
is held. The drawer writes the various details including the monetary amount, date, and a payee
on the cheque, and signs it, ordering his bank, known as the drawee, to pay that person or
company the amount of money stated.

Checks are a type of bill of exchange and were developed as a way to make payments without
the need to carry large amounts of money. The check number is usually indicated in the upper
right portion of the check.

The following are the parties involved in a transaction that uses check as medium of exchange:
1. Drawer, the person or entity who makes the check
2. Payee, the recipient of the money
3. Drawee, the bank or other financial institution where the cheque can be presented for
payment

Most question about cheque is the following: What will happen if there are any erasures in the
check? Of course, the check will not be accepted by the bank.

Page 5 of 10
 BANK STATEMENT
At the end of every month, the bank furnishes a statement to the depositor showing the
movement of the account. It contain all the withdrawals, deposits and balance of your account
after every transaction. It may also indicate bank charges that were deducted by the bank
automatically. Also, interest earned by the account is likewise reflected.
You can see the following in a bank statement:
✓ The date column indicate the
date the transaction was
made.
✓ The check number indicates
the details of the check paid
by the bank.
✓ The transaction code is
normally a bank code for the
transactions.
✓ The Debit column represents
all charges or deduction made
by the bank to your account.
✓ The Credit column represents the deposits or additions to your account that was made by
the bank.
✓ The Balance column is the running balance after considering the effect of the transaction
to your account.
Samples of Debit transaction
• Bank service charge - monthly fee charged by the bank for its services (Ex. cost of printing
checks writing funds to other locations and other fees)
• NSF - (Not Sufficient Fund) – Banks also use a debit memorandum when a deposited check
from a customer “bounces” because of insufficient funds. Nowadays bank refer to this as
DAIF (Drawn Against Insufficient Fund) or DAUD (Drawn Against Uncleared Deposits)
Samples of Credit transactions
• Collection of cash proceeds from notes receivables.
• Interest income earned by the deposit.
As part of control, the bank statement received from the bank is compared with the accounting
records of the business. This process is called bank reconciliation. Bank reconciliation will be
discussed in the next quarter. Together with the bank statements, the banks will include the
copies of checks cleared or paid by the bank for that particular month.

F. Developing mastery (Leads to Formative assessment)

QUICK
CHECK 2 GOT IT? Do these problems to find out.
Answer the following questions:
1. What are the different bank documents associated with your bank account?
__________________________________________________________________
__________________________________________________________________
2. How do you fill up a deposit slip?
__________________________________________________________________
__________________________________________________________________
3. How do you fill up a withdrawal slip?
__________________________________________________________________
__________________________________________________________________
4. How do you write a check?
__________________________________________________________________
__________________________________________________________________

How did you do? Go to page 8 to answer Extra Practice 1.

Page 6 of 10
G. Finding practical applications of concepts and skills in daily living

Here are the reasons why businesses and households need to maintain or use bank deposits
and transactions with banks:
• Safeguard your cash.
• Manage your finances – record keeping and budgeting.
• Receive your pay check quickly using direct deposit.
• Facilitate financial transactions.
• Insure your liquid assets.
• Use debit and credit card services.
• It is convenient and risk-free.

Now, how else can banking system be useful in the day-to –day operations of business and of
household? Can you think of any?

H. Making generalizations and abstractions about the lesson

To sum up our lesson…

✓ Business usually maintain two types of account: (1) savings account, and (2) checking or
current account.

✓ Other than savings and checking accounts, there are other types of bank accounts that
may be used: (1) time deposit account and (2) ATM

✓ In order to open a particular account, the bank will require individuals certain documents such as
valid identification card and will ask you to fill-up the forms prepared by the bank. Upon approval
of the application to open an account, the bank will give the depositor his account number.

✓ To fill up a deposit slip write the following:

o date of deposit
o name of the account holder
o account number
o amount of check/s or cash to be deposited
o sign the deposit slip

✓ To fill up a withdrawal slip write the following:

o date of withdrawal
o name of the account holder
o account number
o amount of cash to be withdrawn
o sign the withdrawal slip

✓ To write a check, write the following:

o date of the check
o complete name of the payee or recipient
o exact amount in numerical form
o exact amount in words
o sign the check

I. Evaluating learning

Please see the attached worksheet (pages 9-10)

Page 7 of 10
J. Additional activities for application or remediation

EXTRA
PRACTICE 1 CHECK/CHEQUE AND BANK STATEMENT
Answer the following questions briefly but completely.

1. What is a check and who are the parties involved in the issuance
HOW DID YOU DO?
of a check? Discuss the role of each party.
____________________________________________________
____________________________________________________ If you need more
help, you may reach
____________________________________________________
me at cellphone #
___________________________________________________ 09179808405 or send
2. What is a bank statement and discuss the importance of a bank me a private
statement to a depositor? message thru my
____________________________________________________ Facebook account:
____________________________________________________ Angelica H. Paras
____________________________________________________
___________________________________________________

KEY TO CORRECTION

QUICK CHECK 1: TAGLINES page 2

1. B
2. E
3. A
4. C
5. D

Prepared by: Noted by:

ANGELICA H. PARAS GRACIELA F. SUBALA

Teacher I Principal IV

Reference: DepEd Order No. 42, s. 2016 (Policy Guidelines on Daily Lesson Preparation for the K to 12 Basic Educ. Program)

Page 8 of 10
 FUNDAMENTALS OF ACCOUNTANCY, BUSINESS, AND MANAGEMENT 2 – FIRST QUARTER

WORKSHEET

7
BASIC DOCUMENTS AND TRANSACTIONS
RELATED TO BANK DEPOSITS
Name__________________________________Date ____________
Grade and Section_____________________ Score_______________

WRITTEN WORK
Name the bank accounts maintained by the following individuals. Below are the choices. Write
the letter of the correct answer on the blank provided before the number.
A. Checking Account C. Time Deposit
B. Savings Account D. Unit Investment Trust Fund
___1. Alex has a bank account at Landbank of the Philippines that enable him to issue bank
checks.
___2. The account maintained by Bobby at BDO is known to be the simplest bank account and
is linked with a passbook.
___3. Teddy agrees with Metrobank not to withdraw the funds in his account over a contracted
period in exchange for fixed interest rates.
___4. Gabby has an account in BPI that allows him to gain the benefit and suffer the losses of
investments in stocks and bonds without directly investing in those securities.
___5. The account of CJ in Allied Bank is also known as current account.
___6. Jollibee has an account at PNB that earns income not through interest but on the increase
in fair market value of the pooled fund.
___7. As a result of the fast turnover of transactions, this account of Alyza at Union Bank rarely
earns interest.
___8. Your friend, Freny show you her certificate of time deposit (CTD) as evidence of her
account in DBP.
___9. Zaldy’s account at FCB earns minimal interest and have minimum balance requirement
of P2,000.00
___10.The account of Jhun Rey at WestBank allows him to pay large sums using one sheet of
paper instead of carrying currencies.
PERFORMANCE TASK
Below is a blank deposit slip. Fill up the deposit slip based on the following assumptions:
a. Assume you are the depositor
b. Use the date today
c. Your savings account number is 000-123-456-789
d. Amount of deposit is ₱10,000
(5)

(2) (1)

(6)
(3)

(4)

(7)

Angelica H. Paras | Teacher I

Page 9 of 10
 FUNDAMENTALS OF ACCOUNTANCY, BUSINESS, AND MANAGEMENT 2 – FIRST QUARTER

WORKSHEET

7
BASIC DOCUMENTS AND TRANSACTIONS
RELATED TO BANK DEPOSITS
Name__________________________________Date ____________
Grade and Section_____________________ Score_______________

II. Below is a blank withdrawal slip. Fill up the withdrawal slip based on the following
assumptions:
a. Assume you are the account holder
b. Use the date today
c. Your account number is 000-123-456-789
d. Amount of withdrawal is ₱5,000

(7)
(2) (1)

(3)

(4)

(5)

(6)

III. Below is a blank check. Write check based on the following assumptions:
a. You are Joey Lao, the customer of Mod Furniture
b. The date today is September 21, 2019
c. You are purchasing a table from MOD FURNITURE in the amount of ₱25,000
d. You are going to issue a check dated today in payment for the table you just purchased.

(1)
(3)
(2)

(4)

(5)

Prepared by: Angelica H. Paras | Teacher I

Page 10 of 10