HOUSE RULES

1. Change your account name

2. Mute your microphone
3. Open your camera
4. Raise your hand if you want to answer or
share something.
5. Please stay seated while the discussion is
going on. Tell it to teacher whenever you
need to go to the comfort room or you will
get something.
X Y
LET’S PRAY

Z X
LET US PAUSE FOR A MOMENT AND
FEEL THE PRESENCE OF THE LORD
Let us include in our prayers BEIRUT victims of explosion, all
who suffer from Corona virus. May those who are infected
receive the proper treatment. Let us pray for protection of each
one from harm visible and invisible.
TUBE OF LIGHT
Beloved Mighty I AM PRESENCE bright
Round me seal your TUBE OF LIGHT
From ascended masters flame
Called forth now in God’s own name
Let it keep my temple free
From all discord sent to me
I AM calling forth violet fire
To blaze and transmute all desires
Keeping on in freedom’s flame
Till I AM one with the violet flame.
 DAILY MORNING PRAYER
Dear Almighty God, I praised You for Your wonderful gifts. I am grateful to You for
letting me live. Thank You so much for making me special and giving me a sound
body. Thank You so much for all that I could be. For I can speak, I can think, use my
hands and I can walk. Thank You so much for all that I have. For my parents who
really want me to live and experience their love. For my teachers who never tired to
teach me. For my friends who always share a lot of things with me.
Help me then Lord to be an obedient and respectful child, a committed and dedicated
student. A citizen , a God-fearing person. I humbly appeal to You dear Lord, grant that
may whole life someday bear fruits a hundred folds. Amen.
 FABM2
STATEMENT OF CHANGES IN EQUITY
 STATEMENT OF CHANGES IN
EQUITY
Or SCE is prepared to meet the requirements of
the readers to understand the transactions that
caused the movements in equity.
 STATEMENT OF CHANGES IN
EQUITY
For the year ended- 12 months
Drawings- withdrawal records
Forms of Business Organizations
● SOLE PRORIETORSHIP
● - simplest form
● - only one owner
● -owner is also the manager
● -has no legal personality separate from its owner.
● -In the eyes of the law, the business and the owners is one entity.

● PARTNERSHIP
● -owned by 2 or more owners called partners.
● -they pool their resources together such as money, property, and industry to operate the business.
● - Contract- agreement
● -has legal personality separate from its owners.
● -taxed separately

● CORPORATION
● -most complex
● -owned by many owners called stockholders or shareholders.
● -owners set up policies for the management of the corporation.
● -separation of ownership and management.
 PREPARATION OF
STATEMENT OF CHANGES IN
EQUITY
SOLE PROPRIETORSHIP
-one capital
-Capital: Juan Dela Cruz, Capital, January 21, 2020
-Tracks:
1. Capital contributions
2. Withdrawals
3. Net income or net loss
 Juan Dela Cruz Store
Statement of Changes in Equity
For the period ended December 31, 2020
Juan Dela Cruz, Capital, January 1, 2020 XXX
Add: Net income XXX
Add: Owner’s contribution XXX
Less: Drawings (XXX)
Juan Dela Cruz, Capital, December 31,2020 XXX
Juana Cruz Is The Owner Of The Friendly Convenience Store. The Store Was
Established On January 1, 20019. Juana Deposited P10,000 To A Bank Account
In The Name Of Friendly Convenience Store. She Made Three More Deposits
Of P2,500 Each During The Year From Her Personal Account. The Store
Generated Net Income Of P35,670 In 2019. Juana Regularly Withdraws P1,000
Per Month From The Store’s Bank Account For Her Personal Expenses.
1. COMPUTE THE 2019 YEAR-END BALANCE OF JUANA CRUZ, DRAWINGS ACCOUNT.

2. PREPARE A STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED DECEMBER 21, 2019.
 Friendly Convenience Store
Statement of Changes in Equity
For the period ended December 31, 2020
Juana Cruz, Capital, January 1, 2020 P0.00
Add: Net income P35,670
Add: Owner’s contribution P17,500
Less: Drawings (P12,000)
Juan Dela Cruz, Capital, December 31,2020 P41,170
 PREPARATION OF
STATEMENT OF CHANGES IN
EQUITY
PARTNERSHIP
-more than one capital
-Tracks:
1. Capital contributions
2. Withdrawals
3. Net income or net loss
 ABC Partnership
Statement of Changes in Equity
For the period ended December 31, 2020
Partner A, Partner B, Partner C,
Total
Capital Capital Capital
Balance, January XXX XXX XXX XXX
1, 2020
Add: Net income XXX XXX XXX XXX
Add: Partner’s XXX XXX XXX XXX
contribution
Less: Drawings (XXX) (XXX) (XXX) (XXX)
Balance, XXX XXX XXX XXX
December
31,2020
LET’s PRAY
ARCHANGEL MICHAEL
PROTECTION PRAYER
Lord Michael before
Lord Michael behind
Lord Michael to the right
Lord Michael to the left
Lord Michael above
Lord Michael below
LORD MICHAEL, LORD MICHAEL
Wherever I go
I AM HIS LOVE PROTECTING HERE.
 ANGEL OF GOD
Angel of God, my guardian dear, to whom God's love commits me here, ever this
day be at my side, to light and guard, to rule and guide.

Mama Mary, pray for us.

Our Guardian Angel, watch over us.
Saint Martha, pray for us.
GOODBYE,
LEARNERS!