School Tudela National Comprehensive High School Grade Level 12

GRADE 12 DETAILED LESSON PLAN

Teacher Maria Benna D. Mendiola Learning Area ABM
Teaching Date Aug. 13, 2018 Quarter First
I. OBJECTIVES The students must be able to:
a. Identify the elements of the SCI and describe each of these items for a service business.
b. Prepare an SCI for a service business using the single-step approach.
A. Content Standard The learners demonstrate an understanding of the service income and operating expenses of a service business as well as
sales, contra sales, purchases, contra purchase accounts, cost of goods sold and general administrative and selling
expenses of a merchandising business that will equip him/her in the preparation of the SCI for both service and
merchandising businesses.
B. Performance The learners shall be able to solve exercises and problems that require preparation of SCI for a service business.
Standard
C. Learning a. Identify the elements of SCI. Code: ABM_FABM12-Ic-d-5
Competencies b. . Code: ABM_FABM12-Ic-d-6
II. CONTENT
III. LEARNING RESOURCES
A. References
1. T G pages Pages 19-35
2. LM pages
3. Textbook pages Fundamentals of Accountancy, Business & Management2 (REX BOOKSTORE) pp. 57-67
4. Materials Manila Paper (table) ,Marking Pen, Masking Tape, projector, laptop, handouts,
B. Other Learning
Resources
IV. PROCEDURES
Preparatory Activity  Prayer
 Greetings
 Setting the classroom
 Checking of Attendance
A. Activity  Activity A : Personal Statement of Comprehensive Income
Directions: Watch the power point presentation and analyze the pictures given.
 Questions:
1. What are your thoughts about the presentation?
2. What are examples of business activities?
3. How do you describe business activities?
Presentation  Business activities and examples.
 Activity B. Personal Statement of Comprehensive Income

Teacher: What comes to your mind when you hear the word “account”?

Directions:
The class will be divided into five groups. Using the table in the manila paper, the teacher will ask the learners to
discuss the business transactions of ABC Company and identify to what table this transactions belong.

ABC Company has various transactions during 2016, as follows:

1. The owner made initial investment of P500,000 cash.
2. The owner made additional investment of P400,000 worth of office equipment.
3. Rendered services for cash, P256,000.
4. Rendered services on account, P400,000.
5. Purchase office furniture on account, P75,000.
6. Payment of salaries expense, P120,000.
7. Owner withdrew cash amounting to P50,000.
8. Payment of accounts payable related to Transaction no.5.
9. Purchase of supplies for cash, P35,000.
 Table: ABC Company

Owned or cash Obligations of ABC Investment Purchases/Expenses Income

withdrawn Company
50,000 75,000 500,000 120,000 256,000
400,000 75,000 400,000
900,000 35,000 656,000
230,000

B. Analysis Teacher will ask :

1. How much cash was withdrawn?
2. How are the obligations of the company?
3. How much in all were the investments?
4. What are considered as expenses of the company? How much in total?
5. What are considered as income of the company? How much in total?
C. Abstraction PPT short discussion about the Major Types of accounts.
1. Assets
Asset accounts are the resources owned or controlled by an entity and that have expected future benefits.
2. Liabilities
Liabilities are claims by creditors against assets, which mean they are obligations to transfer assets or provide products or
services to other entities.
3. Equity
Equity account is the owner’s claim on a company’s assets. It also represents the residual interest in the assets of a
business after deducting all the liabilities.
4. Income
Income is increases in economic benefits during the accounting period in the form of inflows or enhancements of assets
or decreases of liabilities that result in increases in equity.
5. Expense
An expense is the money spent or cost incurred in an entity’s efforts to generate revenue. Expenses represent the cost of
doing business.
The Teacher will present an example of Chart of Accounts:

CHART OF ACCOUNTS
 ASSETS  REVENUE
1010 CASH 4000 SERVICES- CASH
1020 4010 SERVICES-ACCOUNT
1030
 LIABILITIES
2010 OFFICE FURNITURE ON ACCOUNT  EXPENSES
2020 5000 SALARIES EXPENSE
 OWNER’S EQUITY 5010 PAYMENT OF ACCOUNTS PAYABLE
3000 INITIAL INVESTMENT 5020 PAYMENT OF SUPPLIES
3010 ADDITIONAL INVESTMENT
 D. Application Instruction: Prepare the Chart of Accounts of XYZ Company
Given the following transactions, enter the amounts on the space provided to reflect the effects of the transactions on the
(Problem-based accounting equations.
learning)

Transactions: Asset Liabilities Equity Income Expenses

1. Owner invested P400,000 cash.
2. Purchased office equipment on account,
P300,000.
3. Rendered services for cash, P45,000.
4. Rendered services on account, P120,000.
5. Owner withdrew cash of P30,000 for
personal use.
6. Collection of account, P90,000.
7. Payment of accounts related to no. 2
transactions, P300,000.
8. Purchased supplies on account, P10,000.
9. Payment of salaries expenses for cash,
P76,000.

V. EVALUATION Test A. Practice test.

Indicate whether it is an increase (+), decrease (-), or no effect on the asset, liabilities and equity accounts.

Transactions Assets Liabilities Equity

1. Investment of cash in the business.

2. Purchase of computer equipment for

 cash.

3. Billed a customer for services

rendered.

4. Paid salaries.

5. Purchased office supplies on credit.

6. Paid advertising expense.

7. Paid rent in advance for 3 months.

8. Received cash from customers on

account.

9. Withdrew cash for personal use.

10. Invested land into the company.

VI. CLOSURE Importance of saving for the future.

VII. AGREEMENT
VIII. REMARKS
IX. REFLECTION

Prepared by:

MARIA BENNA D. MENDIOLA

SHS teacher Checked by:
SUSAN C. COMALING
SHS FOCAL PERSON

Noted by:

IONE X. CANONIGO
Secondary School Principal II