Activity Sheets

Learning Competencies: Identify the elements of the SFP and describe each of
them.
Code: ABM_FABM12-Ia-b-1
Activity
Classify the following accounts as to (A) Assets (B) Liabilities and (C) Owner’s
Equity

1. Cash 6. X Capital
2. Accounts Receivables 7. X Withdrawal/ Drawing
3. Accounts Payable 8. Salaries Payable
4. Office Supplies 9. Rent Expense
5. Insurance Expense 10. Inventories

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Prepared by : ABM Class B Batch 2 SY 2017-2018
 Activity Sheets

Learning Competencies: Classify the elements of the SFP into current and noncurrent items
Code: ABM_FABM12-Ia-b-2

Activity
Instruction: Classify the following accounts as to A.) Current Assets B.) Non-current
Assets C.) Non-current Liabilities D.) Current Liabilities

1. Withholding taxes payable

2. Loan Payable 2 years
3. Depreciation Expense
4. Building
5. Accounts Payable
6. Merchandising Inventory
7. Cash
8. Equipment
9. Rent Payable
10. Salaries Payable

Accountancy, Business and Management Page | 2

Prepared by : ABM Class B Batch 2 SY 2017-2018

Learning Competencies: Prepare the SFP of a single proprietorship
Code: ABM_FABM12-Ia-b-3
Activity
Instruction: Prepare a statement of Financial Position using the following accounts.

Cash P5,000
Loans Payable P40, 500
Accounts Receivables P2, 600
Supplies P2, 300
Equipment P17, 000
Owner’s Equity P40, 000
Accounts Payable P24, 400
Building P143, 000
Mortgage Payable P35, 000

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 Learning Competencies: Prepare an SFP using the report form and the account form with proper
classification of items as current and noncurrent.
Code: ABM_FABM12-Ia-b-4
Activity
Instruction: Prepare a Statement of Financial Position using the following accounts (one in report form
and one in account form)

Cash P5,000
Loans Payable P40, 500
Accounts Receivables P2, 600
Supplies P2, 300
Equipment P17, 000
Owner’s Equity P40, 000
Accounts Payable P24, 400
Building P143, 000
Mortgage Payable P35, 000

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 Activity Sheets

Learning Competencies: Identify the elements of the SCI and describe each of these items for a
service business and a merchandising business.
Code: ABM_FABM12-Ic-d-5
Activity
Instruction: Classify the following accounts as to a.) Revenue b.) Expense
1. Laundry Services / Laundry Income
2. Salaries Expense
3. Rent Expense
4. Consultancy Fees
5. Medical Fees
6. Depreciation
7. Supplies Expense
8. Insurance Expense
9. Dental Fees
10. Audit Fees

Learning Competencies: Prepare an SCI for a service business using the single- step
approach

Accountancy, Business and Management Page | 5

Code: ABM_FABM12-Ic-d-6

Prepared by : ABM Class B Batch 2 SY 2017-2018

Activity
Activity Sheets
Instruction: Below is a list of accounts of A. Calma Law Firm. Prepare a single step income
statement.

Legal Fees P828, 000

Salaries and Wages P158, 400
Rent Expense P128, 000
Depreciation Expense P18, 800
Interest Expense P12, 000

Accountancy, Business and Management Page | 6

Prepared by : ABM Class B Batch 2 SY 2017-2018

 Learning Competencies: Prepare an SCI for a merchandising business using the multistep
approach.
Code: ABM_FABM12-Ic-d-7
Activity
Instruction: The following are accounts taken from the books of Good Fortune Trading for year ended
December 31, 2017. Complete the income statement based on the given facts (using multistep
approach)

Net Sales P702, 000

Merchandise beginning P180, 000
Merchandise Ending P120, 000
Gross Sales P782, 000
Sales Returns & Allowances P32, 000
Sales Discounts P48, 000
Distribution Expense P65, 800
Administrative Expense P43, 400
Finance Cost P2, 400

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 Learning Competencies: Discuss the different forms of business organization
Code: ABM_FABM12-Ie-8
Compare it…
Mechanics
1. You are given different forms of business organization. Compare each business
organization with the given variables.
2. Form a group; Supply the best answer in the chart. Gather ideas from the group.
3. Present to the class the result of different ideas gathered from your group
mates in the best way possible.
Criteria:
Accuracy- 25%
Content- 25%
Creativity- 15 %
Presentation- 35%
100%
Compare each business organization with the given variables. Present your answer in the class.
Comparison Chart

Entity Type/ Sole Partnershi Corporatio Cooperativ e

Variables Proprietorshi p n
p
Definition

Manageme nt

Duration of
Existence

Capital
Requirement

Ownership

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 Activity Sheets

Answer Key

Compare each business organization with the given variables. Present your answer in the class.

Comparison Chart

Entity Type/ Sole Partnership Corporation Cooperative

Proprietorship
Variables

Definition (Compare (Compare (Compare (Compare

and cite the and cite and cite the and cite the
differences) the differences) differences)
differences)

Management (Compare (Compare (Compare (Compare

and cite the and cite and cite the and cite the
differences) the differences) differences)
differences)

Duration of (Compare (Compare (Compare (Compare

Existence and cite the and cite and cite the and cite the
differences) the differences) differences)
differences)

Capital (Compare (Compare (Compare (Compare

Requirement and cite the and cite and cite the and cite the
differences) the differences) differences)
differences)

Ownership (Compare (Compare (Compare (Compare

and cite the and cite and cite the and cite the

Accountancy, Business and Management Page | 9

 differences) the differences) differences)
differences)

LEARNING COMPETENCIES: Prepare an SCE for a single proprietorship.

CODE: ABM_FABM12 – Ie – 9

“PLEASE FILL
ME”

MECHANICS:

1.Group the students into 5 members.

2.Each group will answer the missing account title and amount on the activity sheet that will be
given to them to prepare for an SCE (Statement of changes in equity) for a single proprietorship.

3. The first group who can solve the problem with correct answers will get additional
10 pts for the activity.

Direction: Fill in the missing blank for an account title and amount of Statement of
Changes in Equity (SCE) for a single proprietorship.

Blackhawk Data Processing

Statement of (1.)
For the Year Ended December 31, 2015

Kent Black, (2.) , Jan. 1, 2015 Php 90,000

Add: Investments by Owner 82,000
(3.) (28,000)
(4.)Php

Less: Withdrawals by Owner (18,000)

Kent Black, capital, Dec. 31, 2015 (5.)Php =========

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ANSWER SHEET

Blackhawk Data Processing

Statement of (1.) Owner’s Equity
For the Year Ended December 31, 2015

Kent Black, (2.) capital, Jan. 1, 2015 Php 90,000

Add: Investments by Owner 82,000 (3.)Net
Loss (28,000)
(4.)Php 144,000

Less: Withdrawals by Owner (18,000)

Kent Black, capital, Dec. 31, 2015 (5.)Php 126,000

Accountancy, Business and Management Page | 11

 Learning Competencies: Discuss the components and structures of CFS

Code: ABM_FABM12-If-10

“Open the Basket”

Activity 1:

1. The class will be divided into 3 groups.

2. The teacher will give each group 3 sets of cut out letters to be arranged. The clue will be
cut out words to be arranged and completed too.
3. Then students will be given 5 minutes to arrange it and post it on the black board the words
to be guessed with its corresponding meaning.
4. The first group who could finish it first and correctly win the game.
5. The teacher will flash or reveal the correct answer on the monitor screen or slide desk.

CUTOUT LETTERS

1. OPERATING ACTIVITIES – it generally involve producing and delivering goods and

providing services to customers.
2. FINANCING ACTIVITIES - this transactions separate from the central, day-to- day
activities of an organization that involve either liabilities or shareholders’ equity accounts
3. INVESTING ACTIVITIES – it encompass the acquisition and disposition of assets in
transactions that are separate from the central activity of the reporting organization

Activity 2:

1. The teacher will ask 2 representatives from each group. Then, they will be paired by twos
and hold both hands together.
2. The rest of the members will form a line apart from the paired students.
3. The paired students will pick a meta card (Operating activities, Financing activities and
Investing activities) and will show it to the class.
4. The group members will pick a cue cards from a box.

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 Activity Sheets
5. The teacher will play a music and as the music stops, the first player of the group will go
to which of the paired students he/she thinks should belong.
6. The process will be repeated until all clues are done.
7. Whenever the music plays the students may shift answers if they want to. But when music
stops they must settle down.
8. The group who gets the highest correct answers will be the winner.
9. The teacher will flash or reveal the correct answer on the monitor screen or slide desk.

OPERATING INVESTING FINANCING

Raw materials Payments for plants and shares

acquisition equipment

Marketing Asset acquisition notes

expenses

Sale expenses Sale of financial or real assets Payments of

dividends

Tax payments Repayments for long-term loans Interest on debts and loans

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 Learning Competencies: Prepare Cash Flow Statement
Code: ABM_FABM12-If-11

Activity Sheet

Mechanics:
Ask the class organize their finances by making their own cash flow statement using their personal
allowance, wherein the expenses and future earnings will be shown. Then,
after a week, ask the students to compute for their personal money, how much did they
spend? And how much did they save?

Example:

11-02-17
Daily allowance 100

Less:Jeepney Fair 16
Snack 20
Lunch 30
Dota 20
----
14
11-03-17
Daily Allowance 100

Less: Jeepney Fair 16

Snack 20
Lunch 30
----
48

This will make the students be aware and will able to organize their personal finances.

Accountancy, Business and Management Page | 14

 Activity Sheets

Learning Competencies: Define the measurement levels namely liquidity, solvency, stability and
profitability
Code: ABM_FABM12-Ig-h-12
Directions: Identify the following. The Answers are in the box
1. Four areas that financial ratios concentrate on are:
2. Ratios that measure the ability of the company to pay short term debts that are coming due
are called:
3.Ratio that measure the company's use of its assets and control of its expenses to generate
an acceptable rate of return
4. Ratios that measure the ability of the company to utilize its assets are called:
5. Ratios that measure the ability of the company to pay their long-term liabilities are called:
Solvency ratio

Liquidity Ratio
Liquidity,Profitability,Operational Efficiency
& Solvency

Solvency Ratio
Profitability
Operational Efficiency

Directions: Find the missing item.

a) Accounts Receivable Turnover

Accounts Receivable = ?
Turnover Average Accounts Receivable

b) Inventory Turnover

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 Inventory Turnover = Cost of Goods Sol d
?

c) Accounts Payable Turnover

Accounts Payable = ?
Turnover Average Accounts Payable

d)

? = Current Assets
Current Liabilities

e) Quick Ratio

Quick Ratio = Current Assets – Inventories

?

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Learning Competencies : Perform Vertical and Horizontal Analyses of Financial
Statements of a Single Proprietorship.

Code : ABM_FABM12-Ig-h-13

Activity 1: The Comparative Balance Sheets of ABM CORPORATION is given below: Direction:
Prepare the Horizontal and Vertical Analysis.

ABM CORPORATION
Comparative Balance Sheets
December 31, 2015 and 2016

2015 2016
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable PHP 67,000 PHP 44,000
Notes payable 3,000 6,000
Total current liabilities 70,000 50,000
Long-term liabilities:
Bonds payable, 8% 75,000 80,000
Total liabilities 145,000 130,000
Stockholders' equity:
Preferred stock 20,000 20,000
Common stock 60,000 60,000
Additional paid-in capital 10,000 10,000
Total paid-in capital 90,000 90,000
Retained earnings 80,000 69,700
Total stockholders' equity 170,000 159,700
Total liabilities and stockholders' equity PHP 315,000 PHP 289,700

Accountancy, Business and Management Page | 17

Answer:

ABM CORPORATION
Comparative Balance Sheets
December 31, 2015 and 2016
Increase
(Decrease)
2015 2016 Amount %
Liabilities and Stockholders' Equity
Current liabilities:
PHP PHP PHP
Accounts payable 52.
67,000 44,000 23,000
Notes payable (50.0
3,000 6,000 (3,000)
Total current liabilities 40.
70,000 50,000 20,000
Long-term liabilities:
Bonds payable, 8% (6.3
75,000 80,000 (5,000)
Total liabilities 11.
145,000 130,000 15,000
Stockholders' equity:
Preferred stock 0.
20,000 20,000 -
Common stock 0.
60,000 60,000 -
Additional paid-in capital 0.
10,000 10,000 -
Total paid-in capital 0.
90,000 90,000 -
Retained earnings 14.
80,000 69,700 10,300
Total stockholders' equity 6.
170,000 159,700 10,300

Accountancy, Business and Management Page | 18

 Activity Sheets
Total liabilities and stockholders' PHP PHP PHP 8.
equity 315,000 289,700 25,300

Learning Competencies: The learners shall be able to compute and interpret financial ratios
such as current ratio, working capital, gross profit ratio, receivable turnover, inventory turn-over,
inventory turnover, dept-to equity ratio and the like.
Code: ABM_FABM12-Ig-h-14
ACTIVIT
Y
“Compute natin, Ratio ng Kompanya nila”
1. The balance sheet of CrisAnMar Corporation disclosed the following: Current
Assets Current Liabilities
Cash P 32,000.00 Notes Payable P 26,000.00
Marketable Securities 48,000.00 Accounts Payable
260,000.00
Account Receivable 500,000.00 Accrued Expenses
170,000.00
Inventories 720,000.00 Income tax payable
4,000.00
Prepaid Expenses 18,000.00 Long Term Dept (1 year)
24,000.00
Total Assets P 1,318,000.00 Total Current Liabilities P
474,000.00
Long-Term Dept P 176,000.00
What is the Quick (Acid test ) ratio?
2. The Czygels Corporation shows the following data:

Accountancy, Business and Management Page | 19

 Balance Sheet Data December 31
19X6 19X5
Accounts Receivable P 50,000.00 P
47,000.00
Allowance for Doubtful Accounts (4,000.00)
(2,000.00)
Net Accounts Receivable P 46,000.00 P 45,000.00
Inventories P 69,000.00 P
55,000.00
Income Statement Data Year then ended
19X6 19X5
Net Credit Sales P 350,000.00 P 220,000.00
Net Cash Sales 70,000.00
40,000.00
Net Sales P 470,000.00 P
260,000.00

Cost of goods sold P 250,000.00 P 180,000.00

Selling, General & Administrative Expenses 40,000.00
25,000.00
Other Expenses 10,000.00 5,000.00
Total P300.000.00 P 210,000.00

What is the inventory turnover?

What is the account receivable turn-over

Mechanics:
The learners will be group by three members
The groups will be given 5 minutes to brainstorm and work together in solving the problem.

RUBRICS
Point s
Criteria
1. The group, who are able to show their solutions on time and have a right
20
answer
2. The group who are able to show their solutions late in time but have a right
15
answer.
3. The group who are able to show their solutions on time but have a wrong answer.
10

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 Learning Competency: Differentiate the journal from the general ledger
Code: ABM FABM12- IIa-b-1

Instruction:
1. Divide the class into 3-5 groups.
2. Each group will identify the following items if it is an original source (journal)
or general ledger ( after product).
3. After identifying the items, each groups will create a jingle combining all of the
words.
4. Activity is good for 15 minutes
5. See items below:

A. Alumminum B.
Rubber shoes C.
Bicycle

Accountancy, Business and Management Page | 21

D. Metal
E. Table
F. Golf ball
G. Sand
H. Wood lumber
I. Car
J. Grapes
K. Wine
L. Laptop
M. Copper wire
N. Hair brush
O. Gold

Learning Competency: Determine the normal balance of an account. CODE:

ABM_FABM12-IIa-b-2

Determine the normal balances of the account titles. Debit or Credit

1. Cash
2. Prepaid Expenses
3. Salaries Expenses
4. Owners’ Capital
5. Accounts Payable
6. Interest Income
7. PPE
8. Notes Payable

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 9. Owners’ Drawings
10. Unearned Income

Learning Competency: Prepare journal entries to record basic business transactions. CODE:
ABM_FABM12-IIa-b-3

Transactions
1. Invested P1,000,000 for the motor repair shop and named the business
Meneses Motorbike.
2. He purchased repair supplies worth P42,000, giving P20,000 in cash and balance on
credit.
3. Billed Mr. Nabung for repair works rendered, P15,000.
4. Paid the office rent, P7,500.
5. Bought tables and chairs from Cayanan Furniture on credit, P32,500.
6. Completed repair works to various customers and received cash, P50,000.
7. Paid the telephone bill, P750.
8. Issued promissory note to Cayanan Furniture to apply on his account.
9. Paid the Local Newspaper for the advertising services, P4,000.

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 10. Invested the personal car for the use of business transactions with market value of
P200,000.
11. Withdrew P5000 for personal use.
12. Paid the salary of service assistant, P7,500.
13. Paid the note issued to Cayanan Furniture.

Learning Competency: Determine balances of accounts using T-account. CODE:

ABM_FABM12-IIa-b4

Cash Meneses, Drawings

100,000 7,000 15,000
25,000 8,000
13,000 15,000
5,000

Supplies Prepaid Rent

7,000 8,000
12,000

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 Accounts Payable Meneses, Capital
5,000 12,000 100,000

Notes Payable Automobile

150,000 150,000

Accounts Receivables Sales

110,000 13,000 110,000
25,000

Learning Competency Identify the types of bank accounts normally maintained

by a business.

Code: ABM_FABM12-IIc-5

Mechanics:

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1. Group the class into five members (3mins.)
2. In the pictures above. Choose (1) types of bank accounts (2mins.)
3. One (1) member represents their group to explain their answer (5mins.)

Rubrics:

Content (50%)
Tone Voice (25%)
Group Work (25%)

Learning Competency: Differentiate a savings account from a current or checking account.

Code: ABM_FABM12-IIc-6

Activity 1

1. The learners will group into five ( 5 ).

2. The learners will differentiate the following examples of accounts.

3. Write A if SAVINGS ACCOUNT and B if CHECKING ACCOUNT.

4. Write the correct answer to the blank provided.

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 Activity Sheets

“ Tell Me “

1. Time Deposit

2. Online Savings Account

3. Kiddie Saver’s Account

4. Cheque

Answer Key:

1. SAVINGS ACCOUNT

2. SAVINGS ACCOUNT

3. SAVINGS ACCOUNT

4. CHECK ACCOUNT

Learning Competency: Prepare bank deposit and withdrawal slips. CODE:

ABM_FABM12-IIc-7

Label the parts of deposit slip on figure 1 and withdrawal slip on figure 2.

FIG
URE 1

Ac t
countancy, Business and Managemen Page | 27

Prepared by : ABM Class B Batch

2 SY 2017-2018
 Activity Sheets

FIGURE

2
Accoun
Busine
Mana

Learning Competencies: Identify and prepare checks

Code: ABM_FABM12-IIC-8

Instruction:
Group the class into 3.
Identify the differents parts of the checks
The group who will finish first with the right answer is the winner.

Answer:
1. Date
2. Name of the payee
3. Amount in figure
4. Amount in words
5. Signature of the signatories

Page | 28

Prepared by : ABM Class B Batch 2 SY 2017-2018

 Activity Sheets

Learning Competency: identify and understand the contents of bank statement

Code :ABM_FABM12-IIC-9

Identify the ff. terms used in bank statement

Transaction Statement Type CR/DB Display

Codes Code Code (credit/debit) Balance

1. Enter a three-digit statement code that is to be defined.

2. Indicate whether the code is a Status or Summary code.
3. Indicate whether the code is a CR (credit) or DB (debit), or select NA
(not applicable) if this categorization does not apply.
4. Select to indicate that the balance is a favorite balance. The system
automatically displays the favorite balances on certain

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 pages, such as the Bank Balance Inquiry page. You can select no more than
three bank balances, however, you can change these selections at any time.
5. It is a bank-statement, transaction-code information, such as activity type
and payment method.

Answer key
1. Statement code
2. Type code
3. CR/DB
4. Display balance
5. Transaction codes

Learning Competency: Describe the nature of bank reconciliation statement

Code: ABM_FABM12-IId-10
Instruction: WHAT? WHAT? WHAT?
1. Identify the jumble letters and give the answer.
SUISED KCEHC ISSUED CHECKS
TSANDUOTGIN KECH OUTSTANDING CHECKS
BCNLAEA NKBA BANK BALANCE
OKOB CLABEN BOOK BALANCE
BNKA TATESENMT BANK STATEMEN

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Learning Competency: Identify common recording items and descried each items
Code: ABM_FABM12d-11

Answer the ff. questions.

1.Which items on a bank reconciliation will require a journal entry?

2.How do you balance a checkbook?
3.Can you help me to understand credit memo and debit memo in the bank reconciliation?
4.What is bank balance and book balance?
5.What is an uncleared cheque?
6.What is an outstanding deposit?

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Learning Competency: Analyze the effects of the identified reconciling items.
Code: ABM_FABM12-IId-12
Instructions: Given the reconciling items , put a check on the space provided.
Balance per Bank Increase Decrease No Effect
Outstanding Checks
Deposit in Transit
Errors

Balance per Book

Debit Memo
Credit Memo
No Sufficient Fund
Bank Charges

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 Activity Sheets
Errors

Learning Competency: Prepare a bank reconciliation statement

Code: ABM_FABM12-IID-13

Instructions: 1. Answer the activity individually

2.Given the following information prepare a bank reconciliation
3. Use adjusted balance method
4. Write in one whole sheet of paper

Balance per bank P 21,907.50

Balance per book 20,336.00
Deposit in Transit 814.00
Outstanding Check 3,470.50

A check of 450 was recorded in the book as 540

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 Activity Sheets
A debit memo for the checkbook amounted to 1,175

Learning Competency: Perform steps in the accounting cycle, from keep of documents to
the prep, analysis and interpret
Code: ABM_FABM12-IIe-g-14

Arrange the ff. accounting cycles.

1. collecting and analyzing documents and transactions, recording the transactions in
journals, posting the journalized amounts to accounts in the general and subsidiary ledgers,
2. preparing an adjusted trial balance
3. preparing an unadjusted trial balance, perhaps preparing a worksheet,
4. determining and recording adjusting entries,
5. preparing a post-closing trial balance perhaps recording reversing entries.
6. preparing the financial statements, recording and posting closing entries,

Anwer key;

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 Activity Sheets
1. Subsidiary ledgers
2. Adjusting entries
3. Adjusted trial balance
4. Financial statements
5. Post-closing trial balance
6. Reversing entries

Learning Competency:Define income and business taxation and its principles and processes

Code: ABM_FABM12-IIh-j-15

Directions. Find the words being asked on the questions below. Encircle them the words being
asked on the questions below. Encircle them horizontally, diagonally, upward, or downward.

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 1. The right of the government to appropriate private property for particular uses to
promote public welfare. (Eminent Domain)
2. The process by which a government through its lawmaking body imposes
charges on its inhabitants to raise money for public use. (Taxation)
3. Tax imposed upon the performance of an act, the enjoyment of a privilege or engaging in
an occupation. (Excise Tax)
4. Tax on a person’s income derived from employment, business, trade,
practice of profession, or from property after excluding the deductions allowed under the law. (Income
Tax)
5. Tax on the production, sale or consumption of goods and services, leasing of
property or other business activities. (Business Tax)
6. Tax levied by the local government, e.g. city or municipal (Local Tax)

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7. Revenues should be sufficient to defray expenditures. (Fiscal Adequacy)
8. Tax based on a decreasing rate as the taxable amount increases. (Regressive)

9. Tax which the taxpayer can shift to another. (Indirect Tax)

10. Taxed based on weight, volume or other physical unit of measurement. (Specific)

ANSWER KEY

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 Learning Competencies: The learners must prepare list of gross income sources from
compensation and gross income from business, and the corresponding personal and additional
deductions.
Code: ABM_FABM12-IIh-j-16

Mechanics:

1. Divide the class into five groups.

2. Members must assign a leader and a secretary.
3. Using a manila paper and a marker, they will identify and enumerate the gross income
sources using the format below.

COMPENSATION BUSINESS INCOME

INCOME

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 Activity Sheets
4. Teacher will show to the class gross income sources below randomly.
5. Leaders will facilitate and consolidate the ideas of the members and the secretaries will
write the answers in a manila paper using a marker.
6. The leader will explain their work to the class.

ANSWER KEY:
Sources of Compensation Income
 Wage
 Holiday pay
 Overtime pay
 Service Incentive leave
 Parental leaves
 Other leaves
 13th month
 Separation pay
Sources of Business Income
 Income received from the sale of products or services.
 Fees received by a person from the regular practice of profession
 Rents received by a person in the real estate business
 Income payments received in the form of property or services at the fair market value of the
property or services.

Learning Competencies The learners explain the procedure in the computation of gross taxable
income and tax due.
Code: ABM_FABM12-IIh-j-17

FLOWCHAR

T Mechanics:

1. Divide the class into five groups.

2. Members must assign a leader and a secretary.
3. Make a flowchart illustrating the procedure in the computation of gross taxable
income and tax due within 10 minutes only.
4. Leaders will facilitate and consolidate the ideas of the members and the
secretaries will write the answers in a manila paper using a marker.
5. Any member of each group may present their output to the class.

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 Learning Competencies: The learners prepare the BIR Forms.
Code: ABM_FABM12-IIh-j-18

“GALLERY
WALK”

(Groupings: 2 day activity)

1st Day: Groups will list all BIR Forms they know and explain each.
2nd Day: Students will bring sample of the BIR Form and teacher will teach student how to
update thee forms.

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Accountancy, Business and Management
 Learning Competencies: The learners explain the principles and purposes of taxation.
Code: ABM_FABM12-IIh-j-19
“FACT or BLUFF”
Mechanics:
1. Divide the class into five groups.
2. Members must assign a leader and a secretary.
3. Using a manila paper and a marker, groups must identify if the statements below are
FACT or just a BLUFF.
a. Tax is mandatory.
b. The government may tax the property belonging to a foreign government. c. Taxes
are used for the benefit of both public and private enterprise.
d. There are no exemptions from property taxation.
e. The primary purpose of taxation is to raise revenue that will be used in defraying
government expenses.
f.The government can tax anything or anyone within its jurisdiction. g.
Tax is generally payable in money and in kind.
h. Taxes are proportionate to the taxpayer’s ability to pay.
i. Value-added tax is an example of excise tax.
j. A resident citizen is any citizen residing permanently in the Philippines. k. A
resident alien is a foreigner residing in the Philippines.

Accountancy, Business and Management

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 Activity Sheets
l. Wages are compensation that is quoted on a per hour basis and is paid based on the number of
hours worked.
m. Deductions allowed by law in individual’s income are called “basic personal exemptions”.
n. Community tax or cedula is a personal tax which has fixed amount charged to all persons
residing within specified territory irrespective of their occupation or
property.
o. A regressive tax is based on an increasing rate as the taxable amount increases.

ANSWER KEY:
a. b. FACT BLUFF i. FACT
j. BLUFF
c. BLUFF k. FACT
d. BLUFF l. FACT
e. FACT m. FACT
f.FACT n. FACT
g. BLUFF o. BLUFF
h. FACT

Learning Competencies: The learners distinguish individual from business taxation.

Code: ABM_FABM12-IIh-j-20

Mechanics:

1. Divide the class into five groups.

2. Members must assign a leader and a secretary.
3. Using a manila paper and a marker, they will distinguish individual from business
taxation using the format below.

INDIVIDUAL TAXATION BUSINESS TAXATION

Accountancy, Business and Management

BM Class B Batch 2 SY 2017-2018 Page | 42

Prepared by :
 4. Leaders will facilitate and consolidate the ideas of the members and the secretaries will
write the answers in a manila paper using a marker.
5. The leader will explain their work to the class.

Learning Competencies: The learners compute the gross taxable income and tax due.
Code: ABM_FABM12-IIh-j-21

“WHAT’S WRONG WITH THE SAMPLE”

Directions: Teacher will show different computations of gross taxable income and tax due.
Given computations have errors which could be missing amount or word; students must identify the
answers through recitation with justification.

Accountancy, Business and Management

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Prepared by : ABM Class B Batch 2 SY 2017-2018