Detailed Lesson Plan

School TUDNACOHS Grade Level G – 11

Teacher MARIA BENNA D. MENDIOLA Learning Area FABM 1
Time & Date May 31, 2022 @ 1:00 P.M. Quarter 4th

I. OBJECTIVES At the end of the lesson, students are expected to:

1. Discuss the Five Major Accounts. (ABM_FABM11-IIId-e19)
2. Cite examples of each account. (ABM_FABM11-IIId-e20)
3. Prepare a Chart of Accounts. (ABM_FABM11-IIId-e21)

A. Content Standards The learner demonstrates understanding of the five major

accounts namely, 1. Assets 2. Liabilities 3. Capital 4. Income
5. Expenses
B. Performance
Standards The learner is able to define, identify and classify accounts
according to the five major types.
C. Learning The learner:
Competencies/ 1. Discuss the Five Major Accounts. (ABM_FABM11-IIId-e19)
Objectives 2. Cite examples of each account. (ABM_FABM11-IIId-e20)
Write the LC Code 3. Prepare a Chart of Accounts. (ABM_FABM11-IIId-e21)
for each.
I. CONTENT
THE FIVE MAJOR ACCOUNTS
II. LEARNING Self learning module
RESOURCES Textbooks
A. References Fundamentals of Accountancy, Business and Management I
By: Florenz C. Tugas, et al

Fundamentals of Accountancy, Business and Management

Volume 1 By: Ma. Elenita B. Cabrera, CPA
B. Teacher’s Guide
pages
C. Learner Material
pages
D. Textbook pages pp. 43-60, pp. 68-73
E. Additional Materials Laptop, PPT slides, DLP
from Learning
Resource (LR) portal
A. Other Learning 4 A’S, Brainstorming, Graphic Organizers
Resources
III. PROCEDURES
A. Preliminary
Activity
 TEACHER’S ACTIVITY STUDENTS’ ACTIVITY

Good afternoon Ma’am. We are fine.

Yes Ma’am.

(Student will lead the prayer)

Masks and maintain a safe distance

amongst your classmates.

Each of you is provided with jumbled

letters. As I say go, everyone should
Participate to arrange and figure out
The word. The word should be posted
On the board. The first to post the right
Word, gets a prize.

What is the word that you got?

Very good. Thank you!

Let’s have a short review on the past

Lesson that we have, The Accounting
Equation.

Purchase of office supplies

Purchase of office supplies
 TEACHER’S ACTIVITY STUDENTS’ ACTIVITY

C. REVIEW

VIDEO CLIP

What can you say about the video clip? The video is about a circus performance.

What is the special talent of the people in the

The people have a special talent of balancing.
video clip?

Very good, balancing. Balancing is not only

applicable in circus acts but also in business.

What represents the relationship between the

assets, liabilities and owner’s equity of a business?

Excellent job! What are the 3 important elements The 3 important elements of the accounting
of the accounting equation?

Splendid work! May I ask for a volunteer to

illustrate at the board the Accounting Equation?

Can you please explain to us what have you

written on the board?

OWNER’S
ASSETS
LIABILITIES EQUITY
Investment by owners

Annotation: The Learning Principle: Students’

prior knowledge can help or hinder learning. It is
necessary of me as Teacher to know prior
knowledge inorder for me to prioritize the
knowledge and skills I need to focus on. This is an
D. New Lesson effective teaching principle .

Purchase of office supplies

PICTURES PICTURES PICTURES
Paym
ent Paym
for ent
busin for
busin
 1. Activity

What are these pictures all about? These are pictures of businesses, Ma’am.

That’s correct! These pictures depict businesses

The people are busy tending to their customers,
in different areas. What else can you observe in
Ma’am.
the pictures given?
(Students will give different responses based on
what they see)

Excellent job, everyone! All of your answers are

right. These are day-to-day activities of a
business, and we call them business transactions.
They are the bread and butter of the business. Students will listen.

Business transactions include collection of

accounts.

What comes to your mind when you hear the

word account?
Students will answer.
- money
- cash
- collection
Excellent! All your answers are correct. - payment
- credit
Look at this example:

Here are some important business transactions:

1 The owner made initial investment of P500,000 cash.

2 The owner made additional investment of P400,000 worth of office equipment.
3 Rendered services for cash, P256,000.
4 Rendered services on account, P400,000.
5 Purchase office furniture on account, P75,000.
6 Payment of salaries expense, P120,000.
7 Owner withdrew cash amounting to P50,000.
8 Payment of accounts payable related to Transaction NO. 5
9 Purchase of supplies for cash, P35,000.
So, this afternoon we are going to discuss on
these business transactions as the major types of
account.

Are you now ready for our lesson?

Mechanics:
1. Pick one piece of colored paper from the
box.
2. Group yourselves according to your color.
3. Discuss the transactions of the ABC
company.
4. Fill in the table using only the amount.
Yes Ma’am
Students do as told.
Annotation: Here the students are group to
promote collaborative learning. Students
work together in attempt to create knowledge
and achieve shared learning goals. This is an
effective teaching strategy.

These are the business transactions of ABC Company

Owned or cash Obligations of Investment Purchases/ Income
withdrawn ABC Company Expenses

50,000 75,000 500,000 120,000 256,000

400,000 75,000 400,000
900,000 35,000 656,000
230,000

2. Analysis

How much cash was withdrawn? P50,000

How are the obligations of the company? P75,000

How much in all were the investments? P900,000

What are considered as expenses of the company? Payment of salaries.

Payment of accounts payable
Purchase of supplies

How much in all?

P230,000

What are considered as income of the company?

Rendered services for cash
Rendered services on account
How much in total?
P656,000
 3. Abstraction

Based on the table above, what are considered as the Cash and investment, office furniture, supplies
assets of the ABC Company, meaning owned or
controlled by the company?

P1,726,000
How much?

What are asset accounts? These are all the economic resources owned by
the company and are expected for future gain.
They include property and rights of value owned
(Teacher presents the definition on PPT) by the company.

ASSETS

What are considered as the claims by creditors or

obligations to transfer assets or provide products or LIABILITIES
services to other entities?

How much? P75,000

What are liability accounts? These include the debts or obligations payable
to creditors and other outsiders to which your
company owes money.
(Teacher presents the definition on PPT)

LIABILITIES

What is an equity account? Defines how much your business is currently

worth. Owner’s Equity or Capital is an account
bearing the name of the owner representing the
original and additional investment of the owner
How much? of the business.

(Teacher presents the definition on PPT) P1,386,000

OWNER’S
EQUITY
What are considered as income of the Is money the business earns from selling a product
company? or service, or from interest and dividends on
marketable securities. Other names for income are
revenue, gross income, turnover, and the "top line."

How much in total? P656,000

(Teacher presents the definition on PPT)

INCOME

What are considered as expenses of the These are money the company spends that allow a
company? company to operate. This may include advertising
costs, utilities, rent, salaries and others.
How much?

(Teacher presents the definition on PPT) P230,000

EXPENSES

Great job class!! 3 claps for everyone!

Based on the examples above, I believe that you Students do as told.

are now ready to make a Chart of accounts.
CHART OF ACCOUNTS
A chart of accounts is a list of all your
company’s accounts used, and is listed together
in one place. The main account types include
Assets, Liabilities, Owner’s Equity, Income and
Expenses.
Objective#1: Applied knowledge of content within
And across curriculum teaching areas.
Annotation: Here I use the Learning Principle:
To develop mastery, students must acquire
component skills, practice integrating them, and
know when to apply what they have learned.

Here’s a sample chart of accounts list. This is a

chart of accounts for a fictional business: Ewing
Cleaning Supply.
 Ewing Cleaning Supply Company
Chart of Accounts
Account No. Title  Owner’s Equity

 ASSETS 311 Common Stock

312 Additional Paid In Capital
101 Cash 320 Retained Earnings
112 Accounts Receivable 332 Dividends
128 Cleaning Supplies Inventory 350 Income Summary
130 Prepaid Insurance
 REVENUE
150 Truck 400 Service Revenue
152 Cleaning Equipment 401 Product Sales
160 Accumulated Depreciation
 EXPENSES
180-189 Intangibles 500 Salaries Expense
190-199 Other Assets 501 Depreciation Expense
502 Insurance Expense
503 Interest Expense
 LIABILITIES 504 Cleaning Supplies Expense
505 Amortization Expense
201 Accounts Payable
220 Unearned Revenue
225 Interest Payable
230 Notes Payable

4. Application Objective# 2: Used research-based knowledge and principles of

Applying the lessons you learned on the Types
of Major Accounts and the Chart of Accounts,
create your fictional business and make your
very own chart of accounts. Follow the format
below.
teaching and learning to enhance professional practice.
Annotation: Here I used the Philosophy of
Constructivism where I equipped the learners
With learning skills for them to be able to construct knowledge
and make meaning of them. I also provided them with data
That allow them to imagine and invent a fictional business of
their own.

CHART OF ACCOUNTS
Name of Business
Account Number Account Title Account Number Account Title

Your chart of accounts will be scored based on the following criteria:

 Name of Student: _________________________________ Score:___________
Subject: __________________________________ Teacher:__________________

Criteria:

Accounting Approach
 Identification of correct account titles.
 Clarity of account titles used.
 Appropriateness of usage of account titles as to type of major accounts.
 Account titles used are in line with the accounting concepts and principles.

Presentation
 Effective use of account titles in presenting data.
 Neatness and organization.

Originality
 Originality of account titles used in the chart of accounts made.
 Meaningful application of knowledge gain.
Score:

Criteria Level of Achievement

High (10 pts) Medium (7pts) Low (4pts)
Accounting Approach
Presentation
Originality
Total

Values Integration

Excellent job, class!

Knowing the major types of accounts, what do you Family, Friends, Good health, Education
(Teacher presents the definition on PPT)
consider as your assets?

Very good! How are we going to take good care

Students answer
Of our assets?

What do you consider as your liabilities? Tuition fees, school contributions

Why are these your liabilities? Students answer

What do you consider as your expenses? Daily baon to school

Fare to school
School projects & others
What must we remember in spending?

“BUY THE THINGS YOU NEED, NOT WHAT YOU
WANT”.
So, we must make sure that we have more assets
in our life than the liabilities. But, most important
is to SAVE for our education.
E. Evaluation
Annotation: I believe that I am an Existentialist
teacher since I want to help my students
understand & appreciate themselves. I want to
help them make good decisions thru exposing
them to various paths that could not only
develop their minds but their hearts as well.
Directions: Given the following transactions, enter the amounts on the space provided to reflect the
effects of the transactions on the accounting equations. Write your answers on a ½ crosswise.

Transactions:
1. The owner invested cash of P200,000 in the business.
2. Rendered services for cash, P50,000.
3. Rendered services on account, P56,000.
4. Purchased office equipment on account, P150,000.
5. Purchased office supply for cash, P10,000.
6. Borrowed funds from a bank, P190,000.
7. Paid salaries expense, P25,000.
8. Paid rent, P20,000.
9. Owner withdraw cash, P9,000.
10. Paid one half of the account related to no.4 transaction.

F. ASSIGNMENT
Directions:
1. Enter the amounts on the space provided to reflect the effects of the transactions on the
account equation.
2. Prepare the Chart of Accounts of XYZ Company.
3. Write your assignment on a ½ sheet of paper.

Transactions Asset Liabilities Equity Income Expenses

1. Owner invested P400,000 cash
2. Purchased office equipment on account, P300,000
3. Rendered services for cash P45,000
4. Rendered services on account, P120,000
5. Owner withdrew cash of P30,000 for personal use
6. Collection of account, P90,000
7. Payment of accounts related to no. 2 transaction,
P300,000
8. Purchased supplies on account, P10,000
9. Payment of salaries expenses for cash, P76,000
Prepared by: Checked by:

MARIA BENNA D. MENDIOLA SUSAN C. COMALING

T-II OIC-HT, SHS

Noted by:

JULIET S. LAPIZ
School Principal II