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Name: Raymund B. Cawilan Entrepremeurship Quarter 2 Module 10 Grade 11-A

Raymund B. Cawilan studied bookkeeping terms like journals, ledgers, balance sheets, and income statements. He demonstrated understanding by correctly answering questions about calculating cash sales, receipts, expenses, and net income for businesses. His assessment showed a strong grasp of accounting concepts. An example showed Honda Massage and Spa Services had a net loss of PHP 22,000 after income of PHP 120,000 was offset by expenses of PHP 142,000.

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Tana Cristobal
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3K views1 page

Name: Raymund B. Cawilan Entrepremeurship Quarter 2 Module 10 Grade 11-A

Raymund B. Cawilan studied bookkeeping terms like journals, ledgers, balance sheets, and income statements. He demonstrated understanding by correctly answering questions about calculating cash sales, receipts, expenses, and net income for businesses. His assessment showed a strong grasp of accounting concepts. An example showed Honda Massage and Spa Services had a net loss of PHP 22,000 after income of PHP 120,000 was offset by expenses of PHP 142,000.

Uploaded by

Tana Cristobal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Name: Raymund B.

Cawilan Entrepremeurship Quarter 2 Module 10 Grade


11-A

What I Have Learned


1. Bookkeeper 6. Adjusting Entry
2. Journal 7. Trial Balance.
3. Ledger 8. Cash Flow Statement
4. Balance Sheet. 9. Cash Sales
5. Income Statement. 10. Cash Receipts.

What I Can Do
1. How much is the total service income collected in cash?
Answer: P 215,000
2. How much is the total service income still collectible?
Answer: P310,000
3. How much is the total expenses?
Answer: P342,000
4. How much is the net income of GIN Janitorial and General Services, Inc.?
Answer: P183,000

Assessment
1.C 6.B
2.A 7.B
3.D 8.A
4.C 9.C
5.C 10.D

Honda Massage and Spa Services


Income received from massage service Php 120,000

Water expenses Php 4,000


Soap expense Php 7,500
Massage oil expenses Php 15,000
Light & power expenses Php 12,000
Rent of the Massage parlor Php 24,000
Salary of staff (4 massage worker) Php 72,000
Telephone expenses Php 7,500
Total expenses: Php 142,000

Net Loss/Profit ( Service Income – Total Expenses) Php 120,000 - Php 142,000
Net Loss Php 22,000

Bookkeeping (Page 1 of 1)

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