Fundamentals of Accountancy, Business,

and Management 2
Accountancy, Business, and Management

Name: Date:

9.1 Accounting Practice Sets - Banking Statements

Know Your Forms! 15 minutes

Learning Competency
This activity targets the following DepEd competency:
Perform the steps in the accounting cycle, from the preparation of documents to the
preparation, analysis, and interpretation of financial statements (ABM_FABM12-IIe-g-14).

Instructions

A table with the definition of the different bank forms and real-life examples
Product

Based on your own understanding and on your own words, briefly discuss the banking
forms and provide a situation where it can be used as a good example.

Banking Form Definition Sample Situation

1. Deposit Slip

1
Fundamentals of Accountancy, Business,
and Management 2
Accountancy, Business, and Management

2. Withdrawal Slip

3. Bank Check

Suggested Rubric for Grading

The rubric below is a suggested one. Your teacher may modify the rubric based on your
needs. Consult your teacher for the final rubric.

Performance Levels

Criteria Suggested
1 2 3 Score
Weight
Beginning Proficient Advanced
Proficiency Proficiency

Understanding The product reflects The product reflects The product

of concepts developing sufficient reflects the

understanding of understanding of student’s mastery
ideas and concepts ideas and concepts of ideas and ×3
discussed. discussed. concepts
discussed.

Authenticity of The sample situations The sample The sample

examples provided are situations provided situations provided

inauthentic and do are somewhat are authentic and
not reflect situations authentic and fairly excellently reflect ×2
and scenarios that reflect situations and situations and
happen in real life. scenarios that scenarios that
happen in real life. happen in real life.

Total Possible Score 15

Lesson 9.1: Accounting Practice Sets - Banking Statements 2

c
Fundamentals of Accountancy, Business,
and Management 2
Accountancy, Business, and Management

Teacher’s Feedback
_________________________________________________________________________________________________

_________________________________________________________________________________________________

_________________________________________________________________________________________________

Lesson 9.1: Accounting Practice Sets - Banking Statements 3

c
Fundamentals of Accountancy, Business,
and Management 2
Accountancy, Business, and Management

Name: Date:

9.1 Accounting Practice Sets - Banking Statements

Using Bank Forms and Creating Journal Entries 25 minutes

Learning Competency
This activity targets the following DepEd competency:
Perform the steps in the accounting cycle, from the preparation of documents to the
preparation, analysis, and interpretation of financial statements (ABM_FABM12-IIe-g-14).

Instructions

Bank forms and journal entries for specific transactions

Product

Analyze the given transactions. Provide the correct journal entry and identify the
appropriate bank form(s) to be used.

1. Received check from rendering services amounting to ₱5,000, and the check will be
deposited to the bank on the same day.
Bank Form(s): _____________________________
Journal entry:

Lesson 9.1: Accounting Practice Sets - Banking Statements 4

c
Fundamentals of Accountancy, Business,
and Management 2
Accountancy, Business, and Management

2. Issued check amounting to ₱15,000 for payments of purchase on account.

Bank Form(s): _____________________________
Journal entry:

3. Withdrew the amount of ₱500,000 over-the-counter from the bank for payment of
employees’ salaries for the month.
Bank Form(s): _____________________________
Journal entry:

4. Issued check amounting to ₱7,000 for the purchase of supplies from the bookstore.
Bank Form(s): _____________________________
Journal entry:

Lesson 9.1: Accounting Practice Sets - Banking Statements 5

c
Fundamentals of Accountancy, Business,
and Management 2
Accountancy, Business, and Management

5. A collection amounting to ₱20,000 in the form of a customer check is received.

Bank Form(s): _____________________________
Journal entry:

Suggested Rubric for Grading

The rubric below is a suggested one. Your teacher may modify the rubric based on your
needs. Consult your teacher for the final rubric.

Performance Levels

Criteria Suggested
1 2 3 Score
Weight
Beginning Proficient Advanced
Proficiency Proficiency

Accuracy of The journal entry is The journal entry is The journal entry is

Journal Entry not complete. almost complete complete with proper

with proper accounts accounts, correct ×3
and correct amounts. amounts, and
explanations.

Correctness Most answers Most answers All answers correctly

incorrectly identified correctly identified the identified the bank
the bank form to be bank form to be used. form to be used. ×2
used.

Total Possible Score 15

Teacher’s Feedback
_________________________________________________________________________________________________

_________________________________________________________________________________________________

_________________________________________________________________________________________________

Lesson 9.1: Accounting Practice Sets - Banking Statements 6