Don Jose Ynares Sr.

Memorial National High School

Fundamentals of
Accountancy, Business and
Management
Week 2

mary rose t. aragon

Subject Teacher
 Review on SFP

Account Titles

Today's Report Form

Agenda Account Form

September 5-9, 2022

 Statement of Financial
Position
Also know as Balance sheet
The Report Form and
Account Form
The Report Form and
Account Form

Report form Account form

problem solving #1
assets
are resources owned and
controlled by the firm.

liabilities
are obligations of the firm

equity
the amount of capital invested or
owned by the owner of a company
REPORT FORM
 Account Title
a unique name assigned to an account in an accounting system.

CASH

ACCOUNTS

RECEIVABLE

SUPPLIES

EQUIPMENT

BUILDING

ACCOUNTS

PAYABLES

LOANS PAYABLE

 Account Title
a unique name assigned to an account in an accounting system.

CASH Currency that can be used immediately for transaction (Money)

ACCOUNTS
Money owed to a company by its debtors.
RECEIVABLE

SUPPLIES Items that are expected to be consume (ex. Pens, paper, ink and the like)

A tangible long-term asset that benefits a business for several years of use (ex.
EQUIPMENT
Computer, vehicle, manufacturing machinery)

BUILDING A tangible long-term investment of the company.

ACCOUNTS
Money owned by a company to its creditor.
PAYABLES

LOANS PAYABLE Loans of a company that are not expected to be settled within one year.
 PROBLEM SOLVING #1

SHOW YOUR
ANSWER
Fundamentals of Accountancy, Business and Management 2
 Account Title
a unique name assigned to an account in an accounting system.

CASH Currency that can be used immediately for transaction (Money)

ACCOUNTS
Money owed to a company by its debtors.
RECEIVABLE

SUPPLIES Items that are expected to be consume (ex. Pens, paper, ink and the like)

A tangible long-term asset that benefits a business for several years of use (ex.
EQUIPMENT
Computer, vehicle, manufacturing machinery)

BUILDING A tangible long-term investment of the company.

ACCOUNTS
Money owned by a company to its creditor.
PAYABLES

LOANS PAYABLE Loans of a company that are not expected to be settled within one year.

REPORT FORM
PROBLEM SOLVING #2

ACCOUNT FORM
 a unique name assigned to an account in an accounting system.
CASH IN BANK

ACCOUNT

RECEIVABLE
Account Title
MERCHANDISE

INVENTORIES

PREPAID RENT

FURNITURE AND

FIXTURES

ACCOUNTS

PAYABLES

SSS/PhilHealth/Pag-

Ibig

UTILITIES

 a unique name assigned to an account in an accounting system.

Current balance in checking account, savings account or the like in the name
CASH IN BANK
of company

ACCOUNT
Money owed to a company by its debtors
RECEIVABLE
Account Title
MERCHANDISE The value of goods, including raw materials or finished goods that are ready
INVENTORIES to be sold to customer

PREPAID RENT
Rent that was paid in advance of the rental period

FURNITURE AND Fixed or long-term asset that provides value to the business (ex. Chair,
FIXTURES Cabinet, Desk, Table and the like)

ACCOUNTS Amounts due to lenders or suppliers for goods or services received that have
PAYABLES not yet been paid.

SSS/PhilHealth/Pag- A premium payable (the amount due and payable by the company to
Ibig SSS/PhilHealth/Pag-Ibig)

The cost expense during a given time period of using things such as water,
UTILITIES
electricity and the like.
 Account Title
a unique name assigned to an account in an accounting system.

ACCOUNT FORM
ASSIGNMENT
 Week 2

show your
answer
Fundamentals of Accountancy, Business and Management 2
PROBLEM SOLVING #3

Report form

 PROBLEM SOLVING #4

Account form