School BULACAN POLYTECHNIC Grade level 11

COLLEGE
DAILY LESSON Fundamentals of Accounting, Business and
Teacher Ms. Mary Mildred P. De Jesus Learning
LOG Management 1
Area
Week Week 5, July 29-Aug.2, 2019, 11:30-1:30 p.m. Quarter 1ST Quarter

I. OBJECTIVE Session 1 & 2 Session 3 & 4

A. Content Standard The learners demonstrate an understanding of the two major types of books of accounts, namely, journal and ledger.
B. Performance The learners shall be able to differentiate a journal from a ledger and identify the types of journals and ledgers.
Standards
C. Learning Competency The learners should be able to:
(Include Learning 1. Identify the uses of the two books of accounts; and differentiate the two books of accounts.
Code) ABM_FABM11-IIIf-22
2. Illustrate the format of a general and special journals; and differentiate the format of general journals to special journals.
ABM_FABM11-IIIf-23
3. Define the general and subsidiary ledger; contrast general ledger and subsidiary ledger; and illustrate the general and subsidiary
ledger.
ABM_FABMII-IIIf-24
II. Books of Accounts
III. LEARNING RESOURCES Chalk, blackboard, reference, hand-outs, manila paper.
(References) 1. Fundamentals of Accountancy, Business, and Management
(Joselito G. Florendo)
2. Fundamentals of Accountancy, Business, and Management
1 (Flocer Lao Ong)
3. Book of Accounts
https://www.accountingtools.com/articles/2017/5/14/the-chart-of-accounts
IV. PROCEDURE
a) Review/ Introduction  Greetings  Greetings
 Attendance  Attendance
Teacher asks students to make a recap of the previous lesson; Teacher asks students to make a recap of the previous lesson;
 Define the five major accounts  Ask students to differentiate journal from a ledger.
 Give examples of each major accounts
 Define the standard chart of accounts
b) Motivation  Ask the students to give specific scenarios where book of accounts is involved.
 Ask the students of their daily transactions that use different accounts.
c) Presentation Delivery and Discussion (1 hr:30 min)
  See attached file
d) Practice Q & A recitation (10 minutes)
1. What are the important parts of general journal?
2. What are the important parts of general ledger?
3. Give the two commonly used subsidiary ledgers and their purposes.
e) Application Written exam: (20 minutes)
Application: Instruction read and analyze each item. Choice the letter of the best answer.

__________ 1. A transaction is first recorded in a record called a?

a. Journal b. T-account c. Ledger d. Chart of Accounts
__________ 2. It is the process of transferring balances from Journals to the General Ledger.
a. General Ledger b. Journalizing c. Adjusting d. Recording
__________ 3. Which of the following transactions is NOT recorded in the cash receipts journal?
a. Cash b. Purchases c. Accounts Receivables d. Sales
__________ 4. The following are parts of General Ledger, EXCEPT
a. Date b. Explanation c. Invoice Number d. Balance
__________ 5. After transactions have been recorded in the proper journals, they are transferred (posted) to the?
a. Worksheet b. General Journal c. Trial Balance d. General Ledger
__________ 6. Where would a debit posted to accounts payable in the general ledger come from?
a. Purchases Journal b. Cash Disbursement Journals c. Cash Receipts Journal d. Sales Journal
__________ 7. An example of an account that would normally have a subsidiary ledger associated with it is?
a. Accounts Payable b. Cash c. Professional Fees d. None of the above
__________ 8. It is often referred to as the book of original entry?
a. Ledger b. Journals c. Trial Balance d. Worksheet
__________ 9. It is used in journalizing all purchases of merchandise on account?
a. Purchase Journals b. Cash Receipts Journal c. Cash Payments Journal d. Sales Journal
__________ 10. It is a group of accounts with a similar characteristics example: accounts receivable & accounts payable?
a. Purchase Journals b. General Ledger c. Subsidiary Ledger d. Sales Journal
f) Generalization Summarization of the topic discussed
g) Evaluation/ Evaluation #1 Evaluation #2
Instructions: Match the contents of the General Journal to its Instructions: Using the Journalized transactions. Make a general
correct position in the journal. Choose the correct answer from the Journal to compute the ending balance of each account.
box below the General Journal.
*See attached file* *See attached file*
h) Assignment
V. REMARKS
VI. REFLECTION