Week 4 Learning

Area
ABM- FABM2 Grade Level SHS-11
Day 1 &
Quarter 3rd Date May 10-14 ,2021
2
I. LESSON TITLE BASIC DOCUMENTS AND TRANSACTION RELATED
TO BANK DEPOSITS
II. MOST ESSENTIAL LEARNING
COMPETENCIES (MELCs) ➢ Identify the types of bank accounts normally maintained by a
business ABM_FABM12- IIc-5.
➢ Prepare bank deposit and withdrawal slips. ABM_FABM12- IIc-
7
➢ Identify and prepare checks. ABM_FABM12- IIc-8
➢ identify and understand the contents of a bank statement.
ABM_FABM12- IIc-9

III. LEARNING Suggested

Learning Activities
PHASES Timeframe
1. Introduction Cash- according to Frias and Kemie, cash includes currency or cash items on hand,
Panimula
such as cash items awaiting depeosit and cash in the working funds, as well as
peso or foreign currency deposits in the bank which are unrestricted and
immediately available for use in the current operation
Components of cash Items
- Cash on hand (undeposited cash collection)
- Cash in bank (unrestricted as to withdrawal)
- Cash in working funds (change fund, dividend fund, payroll
fund, petty cash fund).
Bank account- represents fund entrusted by a depositors to a bank for
safekeeping.

Types of Bank Accounts

1. Savings account
• Is a basic type of account maintained in the bank that
allows the account owner to deposit money and entrust the
money in the bank to keep it safe? The bank allows
withdrawals of the funds and pays interest.
• It is normally evidenced by a “passbook” the passbook
shows the depositor’s deposits and withdrawals, the
amount of interest earned by the deposit and the balance
of the account.

1
 • ATM card (automatic teller machine) is plastic card used to
withdraw money from an ATM machine. It can also be used as
debit card; you can use to pay for groceries by swiping the card
just like credit card.
2. Current or Checking account
• A check is an instrument that order a bank (drawee) to pay
the person named on the check or the bearer thereof (payee)
a definite amount of money from the drawer’s bank account.
• A type of account maintained in the bank that allows the
owner to deposit and withdraw money, but also allows
writing of check to use the money deposited. It sometimes
has a higher maintaining balance than saving account.
It can be:
Basic Checking Account- usually do not pay
interest.
Interest- Bearing Checking Account- pays
interest just like saving account.
3. Time deposit
• Is an interest- bearing bank account that pre-set date of
maturity. The money must remain in the account for fixed
term in order to earn the stated interest than a regular savings
account. The longer the time to maturity, the higher the
interest payment will be.
• It is similar to a saving account, but it earns higher interest, it
also denominated in fixed amounts and normally cannot be
withdrawn until its maturity date with the evidenced by a
“Certificate of Time Deposit”.

2
Sample Deposit Slip

➢ A check is an instrument that is written, dated and signed by the issuer

that commands a bank to pay a specific amount of money to the holder
of the check.
Person writing the check - Payor
Person holding the check for encashment - Payee
Check can be encashed or deposited.

3
 ➢ Date of a check

- A check is normally dated at the date it was written. However,

a check may also be antedated or postdated.
Antedated check – a check dated at an earlier date.
Post dated check – a check dated at a later date.
➢ Stale check – a check that has not been encashed for a period of 6
months or longer.
➢ Bank statement
- Is a summary of all financial transactions an account holder or
entity had in the bank during a specific period? A typical bank
statement will show you all deposits and withdrawals in the
account.
- A bank statement is a report issued by a bank (on a monthly basis) which
shows the deposits and withdrawals during the period and the cumulative
balance of a depositor’s bank accou

4
2. Development What I can do
Pagpapaunlad

Direction: Read the following questions carefully. Choose the letter of

the correct answer.

1. It is a bank account wherein the depositor can draw checks.

a. Drawing account
b. Savings account
c. Current account
d. Past account

2. A deposit is shown on which part of a bank statement?

a. Debit column
b. Credit column
c. Bottom part
d. Everywhere

5
3. It is a written order directing a bank to pay money as instructed.
a. Check
b. Bank statement
c. Deposit slip
d. Bank instruction

4. You wrote a check and gave it to your friend as her birthday gift. Which of
the following is correct?
Drawer Drawee Payee
a. You Bank Friend
b. Bank You Friend
c. You Friend Bank
d. Bank You Friend

5. A time deposit is normally evidenced by a(an)

a. passbook.
b. bank statement.
c. Certificate of Time Deposit.
d. ATM card.

6. If you want to put money to your bank account, which of the following
documents should you prepare?
a. Deposit slip
b. Bank statement
c. Withdrawal slip
d. Debit card

7. A check that is dated at a future date is called.

a. ante-dated check.
b. postdated check.
c. stale check.
d. sci-fi check.

8. A check that has not been uncashed for a long period of time from its date
is called a
a. ante-dated check.
b. postdated check.
c. stale check.
d. punish check.

9. When preparing a check and you commit an error, what should you do?
a. Get a pencil eraser and erase the error.
b. Get a white ink pen and erase the error.
6
 c. Cancel the check and prepare a new one.
d. Call an ambulance.
10. It is a report issued by a bank (on a monthly basis) which shows the deposits
and withdrawals during the period and the cumulative balance of a
depositor’s bank account.
a. Credit card billing statement
b. ATM card
c. Bank statement
d. T- account

V. REFLECTION Reflective Learning Activity:

Direction: Try to reflect on “what you have learned” and “how to apply or
use it differently”.

1. Today, I have learned

_________________________________________________________________
_________________________________________________________________
______________________________________________
2. I can use
_________________________________________________________________
_________________________________________________________________
_____________________________________________
RUBRICS

Criteria 5 4 3 2-1
Depth of Demonstrates a Demonstrates a Demonstrates a Demonstrates a
Reflection thorough and thoughtful and limited little understanding
conscious conscious understanding of of writing task.
understanding of understanding of writing task.
writing task. writing task.
Evidence and Uses specific and Uses relevant Uses vaguely Uses very few
Example use relevant example example from example to support examples to
from experience to experience to the ideas. support the ideas.
support the ideas support the ideas.
Grammar Demonstrate no Demonstrate with Demonstrate with Demonstrate little
conventions errors in grammar slight errors in occasional errors in or no control of
and convention grammar and grammar and grammar and
even with convention even convention even convention making
sophisticated with sophisticated with sophisticated comprehension
language language language difficult.