Q4/W2

SHS

Business Enterprise
Simulation

Quarter 4
Learning Activity Sheet 8
Post Immersion Part 2
2
Negros Occidental High School

Government Property
NOT FOR SALE i|Page
DIVISION OF NEGROS OCCIDENTAL

Business Enterprise Simulation – Grade 12

Activity Sheet No. 8
First Edition, 2021

Published in the Philippines

By the Department of Education
Division of Negros Occidental
Negros Occidental High School

Republic Act 8293, section 176 states that: No copyright shall subsist in
any work of the Government of the Philippines. However, prior approval of the
government agency or office wherein the work is created shall be necessary for
the exploitation of such work for a profit. Such an agency or office may, among
other things, impose as a condition the payment of royalties.

This Learning Activity Sheet is developed by the Division of Negros

Occidental.

ALL RIGHTS RESERVED. No part of this learning resource may be

reproduced or transmitted in any form or by any means electronic or mechanical
without written permission from the Division of Negros Occidental.

Development and Enhancement Team of Business Enterprise

Simulation Activity Sheet
Negros Occidental High School
Senior High School
Writer: Rizzalyn Mae G. Mendoza
Cover Page Design: Deyru J. Morancil
Proofreader: Rhoda Embang
Quality Assurance Team: Rossana B. Tasic
Herman Glenn Marc J. Segovia

School Management Team: Donna Bella O. Aposaga

Assistant. Principal II for Academics -SHS
Josette S. Terrora
Principal IV

*Adapted from the Learning Activity Sheets of the Division of Negros Occidental.

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Introductory Message
Welcome to Business Enterprise Simulation!

The Learning Activity Sheet is a product of the collaborative efforts of

the Schools Division of Negros Occidental through the Curriculum Instruction
Division (CID). This is developed to guide the learning facilitators (teachers,
parents, and responsible adults) in helping the learners meet the standards set
by the K to 12 Basic Education Curriculum.

The Learning Activity Sheet is self-directed instructional material aimed

to guide the learners in accomplishing activities at their own pace and time using
the contextualized resources in the community. This will also assist the learners
in acquiring lifelong learning skills, knowledge, and attitudes for productivity and
employment.

For learning facilitator:

The Business Enterprise Simulation Activity Sheet will help you
facilitate the leaching-learning activities specified in the Curriculum
Guide/TESDA Training Regulation with minimal or no face-to-face encounter
between you and the learner. This will be made available to the learners with
references/links to ease the independent learning.

For the learner:

The Business Enterprise Simulation Activity Sheet I Activity Sheet is
developed to help you continue learning even if you are not in school. This
learning material provides you with meaningful and engaging activities for
independent learning. Being an active learner, carefully read and understand
the instructions then perform the activities and answer the assessments. This
will be returned to your facilitator on the agreed schedule.

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 WEEKLY HOME LEARNING PLAN

Subject: Business Enterprise Simulation Quarter: 4 Week No: 2 LAS No. 8

Summative Learning
Formative
Day Task
Learning Mode of Mode of
and MELC Date of
Tasks Delivery Delivery
Time Learning Task Submis
Self-Test)
sion
FRID Prepare a post-  Read the Messenger  For MDL-Print April 18, Messenger,
AY immersion lesson and Google Answer the 2022 FB group,
gallery with the answer Classroom Summative Google
8:00A following Activity 1 Print Test 2 on the Forms,
M- contents: and Activity Answer Sheet Google
12:00 a. Pictures of 2 in your provided for Classroom
NN work site and notebook. you. Print
nonwritten .  For MDL-
output/ Digital answer
projects with it on your
captions Study
b. illustrations of Notebook.
activities Take the online
performed (as summative test
needed) through google
c. Weekly Diary or forms.
Daily Activity  PT2 by group.
Log Submit your
(narrative/ outputs in the
account of Google
learnings and classroom.
achievements, Group
issues faced presentation
and during LTE-
corresponding Virtual Gallery
resolutions) of PT2
d. sample .
written output-
1 Week
Income
Statement;
Daily Sales
Report and
Daily
Expenses
Report

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 Quarter 4_Week 2
Business Enterprise Simulation Activity Sheet 8
POST- IMMERSION Part 2

I. Learning Competencies
After going through this self-learning module, you are expected to:
1. Prepare a group post-immersion virtual gallery with the following
contents:
a. Pictures of work site and nonwritten output/ projects with captions
b. Weekly Diary or Daily Activity Log (narrative/ account of learnings
and achievements, issues faced and corresponding resolutions)
c. 1-week Daily Sales Report, Daily Expenses Report, and Income
Statement
d. Work Immersion highlights and other relevant pictures/ documents
2. Present the group’s output through a virtual gallery walk.
II. Background Information for Learners
This Learning Activity Sheet integrates all the key concepts and processes
of Accountancy, Business and Management (ABM) as applied in real-life
activities following the business cycle: business opportunity search,
product/service development, business formation and organization, business
implementation and control, business wind-up, and relevant management
reporting in the context of ethical standard and social responsibility.

1. Preparation of the Post-Immersion Gallery

a. What is a Gallery?
By definition, a Gallery is:
 a long narrow room or hall
 an indoor structure (as in a theater or church) built out from one or
more walls.
 a room or building in which people look at works of art.
Source: https://www.merriam-webster.com/dictionary/gallery
b. What is the purpose of gallery?
Galleries have multiple roles, both visible and invisible: to incubate and
support artists, often by going above and beyond the normal work of
putting on shows, promoting artists, and selling their works; and to
providing services such as financial management or book publishing, to
help artists.
But in the context of our subject, the purpose of preparing this gallery is
to showcase your experiences, and learnings while you had your
business enterprise simulation. This gallery would include all the
outputs you’ve made during the Immersion and Post Immersion
activities.
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 c. How to create a Post-Immersion Gallery?
Your group has options to choose on what application you can use in
creating your gallery like google slides, PowerPoint, Kinemaster, Canva
or any application you are comfortable to utilize.

1. Select a software, or app. to upload your documents.

2. Choose pictures that are representatives of your business style and
vision.
3. You can put texts, audio, or video to every document you are
presenting inside the virtual gallery room.
2. Daily Sales and Expenses Reports and Income Statement
A Daily Sales Report is a management tool used by businesses, sales
reps, and managers to extract the most relevant daily sales data such as
the number of closed deals, client conversations, opportunities created,
and many other sales-related activities. Sales include sales on account and
on cash.
What is the importance of Daily Sales Report?
A sales report, or a sales analysis report, offers a summary of the status or
condition of the sales activities within your company. Its primary purpose
is to show the various trends happening in the sales volume over a
certain period.
What should be included in daily sales report?
The Daily Sales Report provides a list of transactions by date, and the items
sold in each transaction for an employee. For each item, the information
includes the item price, override price, item quantity, any markdown
applied, and the net sale amount for the item.
Figure1: Sample Daily Sales Report

Source:
https://www.google.com/url?sa=i&url=https%3A%2F%2Fhoshilandia.com%2F2018%2F05%2Fnegosyo-101-bakit-paano-mag-inventory-sa
store%2F&psig=AOvVaw0vaUVbvgjd0wRUB5UMTQJM&ust=1648181726294000&source=images&cd=vfe&ved=0CAkQjhxqFwoTCOjEgpf23fY
CFQAAAAAdAAAAABAJ

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 ABM Store
Sales Report
For the week ended March 14-18, 2022

Date Daily Sales

2022
March 14 ₱2,000.00
15 800.00
16 900.00
17 1,000.00
18 1,200.00
Total 5,900.00
Figure 2: Sample of a 1-week Daily Sales Report

Expense reports show how much money is being spent within the whole
company, a department or on a project. They can also be used by employees
for reimbursement of business-related expenses.

Information Included in an Expense Report

An expense report can include several company-specific information
fields, but usually requires at least the following core information:
 Date on which an expenditure was incurred (matches the date on the
related receipt)
 The nature of the expense (such as airline tickets, meals, or parking
fees)
 The amount of the expense (matches the amount of the related
receipt)
 The account to which the expense should be charged
 A subtotal for each type of expense
 A subtraction for any prior advances paid to the employee
 The grand total of the amount of reimbursement requested
How Do You Create an Expense Report?
1. Choose a template or expense-tracking software.
2. Edit the columns and categories (such as rent or mileage) as needed.
3. Add itemized expenses with costs.
4. Add up the total.
5. Attach or save your corresponding receipts.
6. Print or email the report.

Below are examples of daily expenses report but take note that companies
can make or design their own template.

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 Source: https://i.pinimg.com/originals/fe/f1/c4/fef1c46b474e21b287b7d3464eae2cb4.jpg

Figure 3: Sample of a 1-week Daily Expenses Report

Figre 3: Sample of Daily Expenses Report

ABM Store
Expenses Report
For the week ended March 14-18, 2022
Date Item/Description Amount
2022
March 14 Purchase of merchandise ₱1,400.00
Transportation 30.00
15 Salary of store helper 1,000.00
16 Water bill for the month of Feb. 200.00
17 Electricity bill for the month of Feb. 450.00
18 Plastic bag 50.00
Total ₱3,130.00
Figure 4: Sample of a 1-week Expenses Report

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 What is an Income Statement?
An income statement is one of the three important financial statements used
for reporting a company's financial performance over a specific accounting
period, with the other two key statements being the balance sheet and the
statement of cash flows.
Also known as the profit and loss statement or the statement of revenue and
expense, the income statement primarily focuses on the company’s revenues
and expenses during a particular period.
ABM Store
Income Statement
For the week ended March 14-18, 2022

You can also use Sales ₱5,900.00

Utilities Expense Less: Cost of Sales _(1,400.00)_
for Electricity and Gross Profit 4,500.00
Water Expenses
Less: Operating Expenses
Salaries and Wages 1,000.00
Electricity 450.00
Water 200.00
Transportation 30.00
Miscellaneous 50.00
Total Operating Expenses (1,730.00)
Net Income ₱2,770.00
Figure 5: Sample of a 1-week Income Statement

III. Activity Proper

Activity 1: Prepare a 1-week Sales Report.
Activity 2: Prepare a 1-week Expenses Report.
You can do this by group and use your group’s business’ actual Daily Sales
and Daily Expenses Reports during your Business Enterprise Simulation
proper last March 14-18, 2022. Use the recommended template.
Name of Business Name of Business
Sales Report Expenses Report
For the week ended March 18, 2022 For the week ended March 18,2022

Date Daily Sales Date Item/Description Amount

2022 2022
March 14 ₱ March 14 ₱
15 15
16 16
17 17
18 18
Total ₱ Total ₱

Note: Accounts for expenses may vary per type of business.

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IV. Guide Questions
1. What is the importance of tracking your daily sales and expenses?
2. Based on the result of your 1-week Income Statement, are you
satisfied with the result of your business operation?
3. If your answer is NO, how can you improve the performance of your
business in the succeeding weeks?

V. Reflection
1. As an ABM student, what is/are your significant learning/s in the1-
week business enterprise simulation?
2. How can you apply this learning/s in the future?

VI. Answer Key

Activity 1: Activity 2:
Sample Sari-Sari Store Sample Sari-Sari Store
Sales Report Expenses Report
For the week ended March 18,2022 For the week ended March 18,2022

Date Daily Sales Date Item/Description Amount

2022 2022
March 14 ₱100.00 March 14 Load expense ₱100.00
15 200.00
15 Freight-stocks 100.00
16 300.00
bought
17 400.00
16 Transportation 30.00
18 500.00
Total ₱1,500.00 17 Electricity bill pyt. 400.00
18 Snacks of store 50.00
attendant
Total ₱680.00

VII. References
Online References:
 https://www.facinghistory.org/resource-library/teaching-
strategies/gallery-walk
 https://docs.oracle.com/cd/E62106_01/xpos/pdf/200/html/reports_
guide/daily_sales_reports.htm
 https://www.freshbooks.com/hub/reports/create-an-expense-
report
 https://www.investopedia.com/terms/i/incomestatement.asp

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 SUMMATIVE TEST 2
Business Enterprise Simulation
Post-Immersion Part 2
Q4_W2_ LAS 8

Name: Date
Grade & Section Score

I. TRUE or FALSE: Write T if the statement is correct, otherwise write F.

1. Galleries support and promote the works of artist; thus, it has multiple but
visible roles.
2. There are different kinds of applications one can utilize in creating a virtual gallery.
3. The use of texts, audio and videos can enhance your virtual gallery.
4. Expenses are costs incurred by the company that reduce revenue.
5. Expenses can be controlled.
6. There is a net income when the revenue is lower than expenses.
7. Merchandise purchased at cost is deducted from the revenue.
8. Cost of Goods sold reduces revenue.
9. Gross profit is the result of deducting the expenses from the sales.
10. The income statement tells the performance of the company at the end of the given
period.
II. MULTIPLE CHOICE: Choose and write the letter of the correct answer.
11. The following are expenses accounts, which is not?
a. Sales b. Sales Salaries c. Cost of Sales d. none of these
12. Jane bought 5 boxes of sardines that cost ₱1,000/box. Since she cannot carry all the
boxes, she called a “trisikad” to haul the merchandise. She paid the driver ₱50.00.
What is the appropriate expense account for the payment to the “trisikad driver”?
a. Utilities Expense c. Wage Expense
b. Transportation Expense d. Miscellaneous Expense
13. Aling Nena recorded the following: Cash Sales ₱1,500.00; Collection from her
customers’ old accounts ₱1,000.00; Credit Sales ₱500.00. How much is considered as
her Sales for that day?
a. ₱1,000.00 b. ₱1,500.00 c. ₱2,000.00 d. ₱3,000.00
14. Which of the following reports the performance of business for a given period?
a. Statement of Financial Position c. Statement of Cash Flows
b. Statement of Changes in Equity d. Statement of Profit and Loss
15. Mang Nardo owns a vulcanizing shop, which of the following could be one of his
business’ expenses?
a. Cost of Sales c. Sales Returns and Discounts
b. Inventory d. Electricity Expense
Test III. IDENTIFICATION: Choose the correct answer inside the box. Write only the letter
of the correct answer.
A. Cash Sales and Credit Sales D. Sales Report
B. Expense Report E. Income Statement
C. Gallery

16. A room or building in which people look at works of art.

17. Provides a list of transactions by date, and the items sold in each transaction.
18. It shows how much money is being spent within the whole company.
19-20. __________ and _________ comprise the Sales account.
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 PERFORMANCE TASK NO. 2(By Group)
Post Immersion Part 2
Q4_W2_LAS8
1. Prepare a virtual gallery (by group)
Your gallery contains the following:
a. Business Enterprise Simulation-(Immersion proper) pictures
b. Weekly Diary or Daily Activity Log (narrative/ account of learnings
and achievements, issues faced and corresponding resolutions)
c. 1-week Daily Sales Report, Daily Expenses Report and Income
Statement Work Immersion highlights and other relevant pictures/
documents
d. Work Immersion highlights and other relevant pictures/ documents
2. Present your group output-Virtual Gallery during LTE.
3. Use audio/visual aids or media to enhance your gallery.
RUBRIC for SCORING:

4 3 2 1

Completeness Presented all the Presented only 3 Presented only 2 Presented only 1
of required required outputs. of the required of the required of the required
outputs outputs. outputs. outputs.
Presentation Uses well- Uses well- Attempts to use Does not use
Aids produced produced pictures, one or a few well-produced
pictures, audio/visual aids pictures, pictures,
audio/visual aids or media but they audio/visual aid audio/visual aids
or media to maybe sometime or media but they or media.
enhance distract from or do not add to or
understanding not add to the may distract from
and add interest presentation. the presentation.
to the
presentation.
Response to Answers Answers audience Address Does not address
Audience audience questions not audience audience
Questions questions clearly clearly and questions but it questions.
and completely. completely. goes off topic
without asking
clarification.

Participation All team All members Only 2 or 3 Only 1 member in

in Teams members participate, but not members the team
Presentation participate for equally. participate and participate and
about same speak. speak.
length of time
and were able to
answer all the
questions.

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