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Fabro- Cherielee-DLL- FABM1 Week-4

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School SAN PABLO CITY INTEGRATED HIGH SCHOOL Grade Level 11

Daily Lesson Log FUNDAMENTALS OF
Teacher CHERIELEE A. FABRO Learning Area ACCOUNTANCY BUSINESS AND
MANAGEMENT 1
Dates and Time September 12-16, 2022 Quarter FIRST

I. OBJECTIVES In-person Class Session 1 In-person Class Session 2 NOTES

A. Content Standard
B. Performance Standard
C. Learning
Competencies/Objectives
II. CONTENT
III. LEARNING RESOURCES
A. References
1. Teacher’s Guide pages
585
2. Learner’s Material
pages
3. Textbook pages
4. Additional Material
from Learning Resource (LR)
Portal
B. Other Learning Resources
IV. PROCEDURES
A.
Review/Recall/Introduction
The learners demonstrate understanding of the The learners demonstrate understanding of the accounting equation
accounting equation
The learners are able to solve problems applying the The learners are able to solve problems applying the accounting equation.
accounting equation
MELC 8 illustrate the accounting Equation MELC 9 perform operations involving simple cases with the use
ABM_FABM11- IIIb-c-17 of accounting equation ABM_FABM11- IIIb-c-18
ACCOUNTING EQUATION ACCOUNTING EQUATION
K-to-12-MELCS-with-CG-Codes pages583- K-to-12-MELCS-with-CG-Codes pages 583-585
FABM1 Teaching Guide pages 1-6 and 12-19
FABM1 Teaching Guide pages 1-6 and 12-19
PIVOT FABM1 pages 15-21 PIVOT FABM1 pages 15-21
FABM1 Unit 1, Accountancy, Business and Management FABM1 Unit 1, Accountancy, Business and Management
Ma. Ma. Evangeline L. Paraan. Ph. D.,
Evangeline L. Paraan. Ph. D., CPA
DepEd Commons- Specialized subjects-ABM- Gerwin R. Lucero DepEd Commons- Specialized subjects-ABM- Gerwin R. Lucero -Reviewer in FABM1
-Reviewer in FABM1
PPT/OBS, GOOGLE MEET/ZOOM, ABM FB PAGE, MESSENGER PPT/OBS, GOOGLE MEET/ZOOM, ABM FB PAGE, MESSENGER
My Bag, My Asset SEARCH THE WEB
Divide your piece of your yellow pad paper into four Teacher: will divide the groups into 5 and will give 20-peso load for data for
column, list all the things you have in your bag with each leader who will share the information to the group.
the inclusion of your bag , please be guided with the In groups search for ASSET, LIABILITIES AND EQUITY accounting titles THAT
table.
Items in my Quantity of price Total price YOU WILL SEE on the net.
bag each item

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B. Purpose for the lesson TEACHER: “We will learn the following lessons.” TEACHER: “We will learn the following
(establish)  illustrate the accounting lessons.”
 perform operations involving simple cases with the use of
C. Examples of the new Connect to a real-life situation. accounting
lesson 1. Place the accounting equation at the board. equation
Cognitive Approach 2. Ask the learners for ten examples of business transactions Activity :TABLE COMPLETION
UNDERSTANDING-BREAK 3. Prove that for every transaction the accounting equation Since you are already done with the previous activity I think you are now
should always balance. ready to make your own table using accounting formula. In this activity, you
DOWN INFORMATION-
REBUILD will write the correct entry for each transaction.
TAKE NOTE:
• That for every transaction, the accounting equation should Aug. 1 Garcia invested P48,000 cash in the
always be balanced.
business.
• That Assets are resources owned by the
1 Rented office space and paid P800 cash for the August rent.
business. Example: Cash
• That Liabilities are obligations by the 3 Purchased exploration equipment for P22,000 by paying P12,000 cash
business. Example: Loans and agreeing to pay the balance in 3
• That Equity is the residual interest of the owner of the months.
business. Meaning, any assets 5 Purchased office supplies by paying P1,500 cash.
left after paying liabilities is the right of the owner of the 6 Completed exploration work and immediately collected P420 cash
business. Example: Capital for the work. 8 Purchased P1,350 of office equipment on credit.
15 Completed exploration work on credit in the amount of P8,000.
4 Elements That Affect Equity 18 Purchased P700 of office supplies on credit.
1. Investment 20 Paid cash for the office equipment purchased on August 8.
2. Withdrawals 24 Billed a client P2,400 for work completed; the balance is due in 30
3. Revenue
days.
4. Expenses
28 Received P5,000 cash for the work completed on August 15.
30 Paid the assistant’s salary of P1,100 cash for this month.
30 Paid P340 cash for this month’s utility bill.
30 Garcia withdrew P1,050 cash from the business for personal use.

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D. New concepts(discuss) POST TEST 9. The owner withdraws cash for personal use. Perform
New skills (practice) Increase/ Decrease 10. The company repays the suppliers operations
For each transaction, tell whether the Assets (A), How do you find your answer from the post test? involving
Liabilities (L) and Equity (E) will increase (I), decrease (D) Assets invested by the owner simple
or is not affected (NE). cases with
the use of
1. The owner invests personal cash in the
accounting
business.
equation.
2. The owner withdraws business assets for personal use.
E
3. The company receives cash from a bank a
loan. s
4. The company repays the bank that had lent y
money. :
5. The company purchases equipment with its 1.
cash. Learning
6. The owner contributes her personal truck to the is Fun
business. Compan
7. The company purchases supply on y had
credit. current
8. The company purchases land by paying half in cash and assets
signing a note. amounti
ng to
Php

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100,000.
Noncurrent assets
for the year
totaled Php
76,000. How
much is the
company’s total
assets? Answer:
P176,000.
2. 2. Happy Selling
Company’s total
liabilities amounted
Php 10,000. Total
equity had an
ending balance of
Php 20,000. How
much is total
assets? Answer:
P30,000.

Teacher can discuss how a

company can have a lot of
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assets but still have very
low equity. When the
company has a lot of
assets (example: cash,
accounts receivable,
prepaid expenses),
owners may sometimes
think that the company is
doing well. There are
instances that owners
forget that they might
also have a lot of liabilities
which may result to their
equities having a very
small balance

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July 1 - Paolo Reyes started a delivery service on July 1,

2013. The following transactions occurred during the
month of July. He invested PHP800,000 cash and
Cars amounting to PHP200,000
ASSET = LIABILITIES + OWNER’S CAPITAL
Cash P 800,000 Reyes Capital
Borrowings from the bank July 2 –
P1,000,000 Reyes borrowed PHP100,000 cash
Cars 200,000
from PNB for use
in his business.
ASSET = LIABILITIES + OWNER’S CAPITAL
Cash
900,000
P Loans Payable P100,000 Asset purchased for cash
Reyes Capital P1,000,000

Cars 200,000 July 7 – Bought tables and chairs

from Orocan and paid PHP45,000 cash
Assets purchased on account
ASSET = LIABILITIES + OWNER’S CAPITAL
Cash P Loans Payable P100,000 Reyes Capital P1,000,000 July 15 – Various equipment were
855,000
Cars
purchased on account from
200,000 Fortune for PHP55,000
Furniture
45,000 Cash withdrawal by the owner
ASSET = LIABILITIES + OWNER’S CAPITAL
Cash P Loans Payable Reyes Capital P1,000,000 July 18 – Reyes made a cash
855,000 P100,000 withdrawal of PHP5,000 for
Cars Accounts payable 55,000
200,000 personal use
Furniture
4 5 , 0 00
Provide local examples.
A SS E T= LIABILITIES + OWNER’S Teacher: Use the activity below.
CAPITAL
Equipment
Cash 55,000P Loans Payable Reyes Capital P1,000,000
850000 P100,000 Instead of giving the transaction, the
Cars Accounts payable 55,000 Reyes, Drawing (5,000)
200,000
activity below is in reverse.
Furniture *Let them describe the given
45,000
Equipment 55,000 transaction.
Describe each transaction.

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Answer Key: Owner’s Capital – the value of cash and other assets contributed to the business by the owner of the business.
1. The owner invested cash of PHP150,000 or the business This account6 is increase by the profits not taken out of the business and decreased by the losses of the business.
earned Owner’s drawings – this account is when an owner of a sole proprietorship, partnership or limited
PHP150,000 cash from providing services. liability company (LLC) takes money from their business for personal use.
2. Purchased equipment at PHP20,000 for
cash.
3. The owner withdrew cash of PHP112,500 or the business
incurred
PHP112,500 expenses and paid in
cash.
4. The company purchased supplies on
account.
5. The owner withdrew cash of PHP15,000 or the business
E. New concepts(discuss) incurred
New skills (practice) PHP15,000 expenses and paid in
cash.
6. Paid liabilities worth
PHP53,000.
7. The owner withdrew supplies worth PHP8,000 or the business
used supplies worth PHP8,000.
Assets
An asset shall be classified as current when it satisfies any of
the following
criteria:
1. It is expected to be realized in, or is intended for sale
or consumption in the entity’s normal operating cycle;
2. It is held primarily for the purpose of being
traded;
3. It is expected to be realized within the twelve (12) months after the
SFP date.
4. It is cash or a cash equivalent, unless restricted from being changed,
or used to settle a liability at least twelve (12) months after the SFP
date.
All other assets are classified as
noncurrent.
Current Liabilities
A liability shall be classified as current when it satisfies any of
the following criteria:
1. It is expected to be satisfied in the entity’s normal operating
cycle;
2. It is due to be settled within twelve (12) months after the SFP
date;
3. The entity does not have an unconditional right to deter settlement
of the liability for at least twelve (12) months after the SFP date. All
other liabilities shall be classified as noncurrent.
Equity

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Perform operations involving simple 1. Happy Selling’s had the following accounts at year end: Cash-250,000,
cases with the use of accounting Accounts Payable-70,000, Prepaid Expense-15,000. Compute for the
equation. company’s current assets. Answer: P265,000.
M 2. Happy Selling’s Accounts Receivable amounted to Php 500,000.
e Prepaid
d Expense and Unearned Income totaled Php 30,000 and Php 10,000
i respectively. Cash balance amounted to Php 100,000 while Accounts Payable
u and Inventory totaled to Php 20,000 and Php 10,000 respectively. How much
m is the company’s current assets? Current liabilities? Answer: P640,000
: and P30,000

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F. Mastery (develop)
G. Applications
Integrative Approach
H. Generalizations and
abstractions
Reflective Approach
ACTIVITY: Illustrate the following transaction in Perform operations involving simple cases with the use of accounting
accounting equation table equation.
1. Purchased equipment at P20,000 for cash. Difficult
2. The owner withdrew cash of P112,500 or the business 1. Company’s Total Liabilities and Equity amounted to Php 285,000. Total
incurred
noncurrent assets ended at Php 85,000. Cash totaled Php50,000. Inventory
P112,500 expenses and paid in cash.
3. The company purchased supplies on account. amounted to Php100,000. Assuming the company had no other assets, how
4. The owner withdrew cash of P15,000 or the business incurred much is Accounts Receivable? Answer: P50,000.
P15,000 expenses and paid in cash. 2. Total assets amounted to Php575,000. Total equity amounted to Php 250,000.
5. Paid liabilities worth P53,000. Accounts Payable amounted to Php 50,000 while Unearned Income totaled Php
85,000. Assuming there are no other current liabilities, compute for the company’s
noncurrent liabilities. Answer: P190,000
Essay type: Explain the following statements in three or Essay type: Answer the questions in three or five sentences
five sentences only. only. Guide Questions:
Statements: Carefully read the following situation and determine the Assets, Liabilities, and
1. That for every transaction, the accounting equation Equality of this situation.
should always be balanced.
2. That Assets are resources owned by the business.
The business was put up from a cash of ₱200,000, the initial capital of the
3. That Liabilities are obligations by the business. owner. Then, ₱40,000 of the cash was used to purchase an equipment to be
4. That Equity is the residual interest of the owner of the used in business. The purchase of equipment resulted in a liability of ₱20,000.
business. Meaning, any assets left after paying liabilities How much are the total assets of the business?
is the right of the owner of the business.
Rubrics for Scoring Rubrics for Scoring
Points
Points
10 There is a clear, well focused idea that stands out
10 There is a clear, well focused idea that stands out and supported by
and supported by detailed information
8 Main idea is clear but supporting information is general detailed information
6 Main idea is somewhat clear, but there is a need for 8 Main idea is clear but supporting information is general
more supporting information 6 Main idea is somewhat clear, but there is a need for more supporting information
4 The main idea is not clear. There is a seemingly 4 The main idea is not clear. There is a seemingly random collection
random collection of information of information
Guide Questions: Closure: The fundamental accounting equation, also called the balance sheet
“From the first activity My Bag, My Asset, can you now equation, represents the relationship between the assets, liabilities, and
determine your total assets, total liability, total equity? owner’s equity of a person or business.

I. Evaluation
J. Additional activities for
application or remediation
A Summative Test 1 will be given AFTER WEEK 3
Give the following questions as their assignment:
Jerome Garcia started a new business and completed these transactions
during
August:
A Summative Test 1 will be given AFTER WEEK 3
Give the following questions as their assignment:
Jerome Garcia started a new business and completed these transactions during
August:
Aug. 1 Garcia invested PHP48,000 cash in the business.
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Aug. 1 Garcia invested PHP48,000 cash in the business.
1 Rented office space and paid PHP800 cash for the August rent.
3 Purchased exploration equipment for PHP22,000 by paying PHP12,000 cash
and agreeing to pay the balance in 3 months.
5 Purchased office supplies by paying PHP1,500 cash. 6 Completed
exploration
work and immediately collected PHP420 cash for the work.
8 Purchased PHP1,350 of office equipment on credit.
15 Completed exploration work on credit in the amount of PHP8,000.
18 Purchased PHP700 of office supplies on credit.
20 Paid cash for the office equipment purchased on August 8.
24 Billed a client PHP2,400 for work completed; the balance is due in 30
days.
28 Received PHP5,000 cash for the work completed on August 15.
30 Paid the assistant’s salary of PHP1,100 cash for this month.
30 Paid PHP340 cash for this month’s utility bill. 30 Garcia withdrew
PHP1,050 cash from the business for personal use.
Required: Which among each transaction falls under Asset, Liability and
Equity. Justify your answer by illustration it on Accounting Equation table.
1 Rented office space and paid PHP800 cash for the August rent.
3 Purchased exploration equipment for PHP22,000 by paying PHP12,000 cash and agreeing to pay
the balance in 3 months.
5 Purchased office supplies by paying PHP1,500 cash. 6 Completed exploration work and
immediately collected PHP420 cash for the work.
8 Purchased PHP1,350 of office equipment on credit.
15 Completed exploration work on credit in the amount of PHP8,000.
18 Purchased PHP700 of office supplies on credit.
20 Paid cash for the office equipment purchased on August 8.
24 Billed a client PHP2,400 for work completed; the balance is due in 30 days.
28 Received PHP5,000 cash for the work completed on August 15.
30 Paid the assistant’s salary of PHP1,100 cash for this month.
30 Paid PHP340 cash for this month’s utility bill. 30 Garcia withdrew PHP1,050 cash from the business for
personal use.
Required: Which among each transaction falls under Income and Expenses

LEGEND
V. REMARKS PROCEED to CONTINUE Lesson RETEACH NO CLASS MDL
Next lesson Next meeting (National Heroes Day)

Fri
Mon Tue Wed Thu
Sept 9,
Sept. 5, 2022 Sept. 6, 2022 Sept. 7, 2022 Sept. 8, 2022
2022
9:45-10:30 G11-
Aristotle
3:00-3:45 G11-
Epicurus
VI. REFLECTION
G11- Aristotle G11- Epicurus
Number of learners 57 50
A. Score : 80% and above 32 28
B. Score: below 80% 25 22
C. Remediation worked to
21 19
how many learners?
D. No. of learners who 4 3
need to continue

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remediation
E. Teaching Strategies Used / F. Difficulties Encountered/ G.
Innovation/Localization (Reflections)
Teaching Strategy/Methods Suggested Revisions Student Responses Other Solutions (Algorithms) Un-anticipated
Used VISUALIZATION (Misconceptions) Student Responses
COOPERATIVE
LEARNING
DIFFERENTIATED
INSTRUCTION
USING TECHNOLOGY
STUDENT CENTERED
INQUIRY
Feedback

Prepared by:
Checked by: Noted by:

CHERIELEE A. FABRO YAN C. EXCONDE NOMER C. MANALO LINA M. LAGURAS, EdD

Teacher 1 aster Teacher I Math Dept. Coordinator Principal III
September 9, 2022 DATE: DATE:

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