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Name: Martika Scott

Date: March11, 2014


Grade: 9
Subject: Business Basics
Topic: Balance Sheet
Duration: 45minutes
Value Statement: According to Diane Garnick: Accounting does not make company earnings or
balance sheets more unpredictable. Accounting just increases the photo of unpredictability in
earnings.
General Objectives:
At the end of the lesson, students should be able to:

Appreciate the need for showing balances under the headings, fixed asset, liabilities and
capital

Specific Objectives:
After completion of the lesson, students should be able to:

Define the term fixed asset, current asset and current liabilities

Examine/ solve a simple balance sheet problems

Methodology:

Random calling,

Discussion,

Question and answers,

Individual work

Instructional Materials:

Handout

Random calling card

Laptop

Projector

Content:
Non- current assets/ fixed assets- are assets which have a long life bought with the intention to
use them in the business and not with the intention to simply resell them. Eg. Building,
machinery, fixtures and motor vehicles.
Current assets- are consisting of cash, goods for resale it items having a short life, eg. Stock/
inventory, account receivable/ debtors, cash at bank.
Current liabilities- are those liabilities which have to be paid within no more than a year from
the dates on the balance sheet, eg. Account payable for goods purchases/ creditors and loans.
Introduction: The teacher introduces the topic with a game called Tic Tac Toe The class will
be Divided into two groups. Teacher Draw a grid of nine squares on the white board and write a
number on each square (from 1 to 9). There will be one question for each number. The groups
call out the number and if they answer the question correctly, they get the point. The group
receives the most points win the game.
Step 1- After assessing the students basic knowledge of the balance sheet, students will be asked
to read the PowerPoint slides Students and teacher will be engaged in a discussion. To explain
what a fixed asset, current asset and current liabilities are.
Step2 The class will be asked to answer the following question: Students will be asked to draw
up M. Kellys balance sheet as at 30 June 2006 from the following items

Capital
Equipment
Account payable
Inventory
Account receivable
Cash at bank

$
10,200
3,400
4,100
3,600
4,500
2,800

Step 3 The teacher will choose one student randomly to solve, the class work on the white
board with the help of the teacher, after which there will be a question and answer segment for
any clarification.
Culminating activity- Prove It -Students will speak to their classmate and try to solve the
problem to prove if the question is incorrect or correct then they give feedback to the class. The
question will be stated as: Draw up G. Puffy from the following information as at 31 December
2008.
Capital
$9,700
Accounts Receivable
$1, 200
Van
$3,800
Account payable
$1,600
Fixtures
$1,800
Inventory
$4,200
Cash at bank
$300
The correct answer for the following question is $9600 prove if it is incorrect or correct
Assignment: The class will be asked to answer the following question; G. Brown has the
following items in his balance sheet as on 30 April 2004. Capital $18,400; Account payable$
2,100; fixtures $ 2100; inventory$ 4550; Account receivable $ 2780; cash at bank 6,250; cash in
hand $220.
1. She bought extra inventory for $400 on credit
2. One of the debtors paid her $920 by check.
3. She Bought a computer by cheques $850

You are asked to draw up a balance sheet as of 7 May 2004 after the above transaction has been
completed.
Evaluation: ________________________________________________________________

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March 12, 2014
Grade 9 A (see lesson)
Teacher Evaluation
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Students Evaluation
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March 12, 2014


Grade 9 J (see lesson)
Teacher Evaluation
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Students Evaluation
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