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  • %entrepreneurship Module 2

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    Rey Ian Q. Conde
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    1. The document contains an activity for an entrepreneurship class, with the student's name, grade, teacher and date provided. 2. The activity discusses the differences between private companies and government agencies, noting requirements around shares, trading certificates, and issuing prospectuses. 3. The activity also lists some important business records like income/expense statements, accounts receivable, employee information, and payrolls records.

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    %Entrepreneurship Module 2

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    1. The document contains an activity for an entrepreneurship class, with the student's name, grade, teacher and date provided. 2. The activity discusses the differences between private companies and government agencies, noting requirements around shares, trading certificates, and issuing prospectuses. 3. The activity also lists some important business records like income/expense statements, accounts receivable, employee information, and payrolls records.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    4 views5 pages

    %entrepreneurship Module 2

    Uploaded by

    Rey Ian Q. Conde
    1. The document contains an activity for an entrepreneurship class, with the student's name, grade, teacher and date provided. 2. The activity discusses the differences between private companies and government agencies, noting requirements around shares, trading certificates, and issuing prospectuses. 3. The activity also lists some important business records like income/expense statements, accounts receivable, employee information, and payrolls records.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 5

    Name: Rey Ian Q.

    Conde Grade & Section: 11 - Kirchhoff


    Teacher: Zion Faye Fajanilan Date: June 3, 2023

    Entrepreneurship
    Quarter 4: Week 7

    Activity 1

    1. 😊

    2. 😊

    3.

    4. 😊

    5. 😊

    6.

    7. 😊

    8.

    9. 😊

    10. 😊

    Explore
    Exercise 1
    Private Companies Government Agencies
    No minimum or max requirements Must have allotted shares of more than 5,000
    Begin from the date of incorporation Need to obtain a trading certificate from the
    registrar
    Fewer requirements and Regulations Multiple requirements and higher criteria
    No need to issue the prospectus Needed to issue the prospectus

    Business Records

    Business Expenses and Income – It is a type of Income Statement where it records all the income
    and expenses of the business. This is important to keep on track if the business is progressing or
    not.

    2. Account Receivable – It belongs to the Assets account. Account receivable is important to


    keep to know the materials that are received but haven’t been paid yet.
    3. Employee Information – It is a type of Personnel Record. It is important to know your
    employee if they can be trusted or not, and identifying your employee is essential for the safety
    of the business.

    4. Payroll – Belongs to payroll records. It enlightens the total wages that must be given to
    employees, keeping these records will help a lot in case issues are going on about their wages.
    5. Inventory – Belong to inventory records. To avoid confusion about the product that goes on in
    the business.
    Deepen

    1. John is doing good in recording essential things, it is just a mistake that the paper disappeared
    out of nowhere and that could affect his ability to keep records.
    2. Credit Report
    3. He needs to be careful at keeping his records, his good at recording but it should be also the
    same as how he keeps those records. Keeping the records in a safe place will improve his system.

    Gauge
    Part I
    1. B
    2. B
    3. B
    4. B
    5. A
    Part II
    1. True
    2. False
    3. True
    4. True
    5. True

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