DAILY LESSON School POBLACION COMPREHENSIVE NHS Grade Level 11 - ARISTOTLE

LOG Teacher ABEGAIL P. PRANZA Learning Area FUNDAMENTALS OF ABM 1

Teaching Dates and Time FEBRUARY 19, 2024 @ 7:30 AM-8:30 AM Quarter 1ST

I. OBJECTIVES The learners;

1. Illustrate the accounting equation. ABM_FABM11-IlIb-c-17
2. Classify accounts as assets, liabilities or owner’s equity and demonstrate their relationship in the accounting equation. ABM_FABM11-IlId-e-19
3. Analyze the effects of transactions on the accounting equation. ABM_FABM11-IIlb-c-17
A. Content Standard The learners demonstrate an understanding of the types of bank accounts, basic transaction, and documents related to bank deposits and withdrawal.
B. Performance Standard The learners shall be able to share samples of bank account and documents in class and discuss their uses and importance.
C. Learning Competency/Objectives
II. CONTENT Accounting Equation
III. LEARNING RESOURCES
A. References Fundamentals of Accountancy, Business and Management Module and DIWA BOOK
1. Teacher’s Guide pages
2. Learner’s Materials pages 56-61
3. Textbook pages
4. Additional Materials from https://lrmds.deped.gov.ph
Learning Resource (LR)
portal
B. Other Learning Resource https://www.youtube.com/watch?v=8IxJaU06qJA
https://www.youtube.com/watch?v=H1oRrtF6xKw
IV. PROCEDURES
A. Reviewing previous lesson
WHAT I KNOW The teacher will let the students answer the given questions as a review or to examine their prior knowledge regarding the topic.

B. Establishing a purpose for the The teacher will show pictures to the students and let them identify it to set their minds for the topic of the day. The student holding the dice when the music stops will be the
lesson one to answer. To choose his/her question the student must roll or throw the dice.

WHAT’S IN

C. Presenting examples/Instances of The teacher will present the topic and also the learning objectives.
1
the new lesson
Learning Objectives:
The learners;
1. I Illustrate the accounting equation. ABM_FABM11-IlIb-c-17
2. Classify accounts as assets, liabilities or owner’s equity and demonstrate their relationship in the accounting equation. ABM_FABM11-IlId-e-19
3. Analyze the effects of transactions on the accounting equation. ABM_FABM11-IIlb-c-17

After presenting the objectives, the teacher will discuss with the students the terms related to the topic and will provide examples.

*The teacher will integrate History and Science subject in the examples.

2
D. Discussing new concepts and The teacher will let the students classify the account titles whether it is an asset, liabilities or owner’s equity then discuss to the students the different account titles.
practicing new skills

E. Developing mastery After giving examples, the teacher will let the students analyze the given transactions after presenting the mechanics. This will be done by group.
(leads to Formative Assessment)

WHAT’S MORE

3
F. Finding practical application of The teacher will ask;
concepts and skills in daily living
Why do you think accounting is important not just in business but also in our everyday life?

WHAT CAN I DO

G. Making generalizations and

abstractions about the lesson The teacher will ask;

WHAT I HAVE LEARNED 1. How do you illustrate the accounting equation?

2. Can you define assets, liabilities and owner’s equity with corresponding examples?
H. Evaluating learning Encircle the letter of the correct answer.

4
 1. Which of the following is not a correct variation of the basic accounting equation?
a. Assets = Liability + Equity
ASSESSMENT b. Assets – Liabilities = Equity
c. Assets – Equity = Liability
d. Assets = Liability – Equity

2. Which of the following is not an essential element of an asset?

a. A resource controlled
b. Arising from past event
c. Expected to provide future economic benefits
d. Must be owned by the business

3. Which of the following is not an essential element of a liability?

a. A present obligation
b. Arising from past event
c. Expected to cause an outflow of economic benefits
d. Arising from a future event

4. A business has a past practice of making refunds to customers who are not satisfied with their purchases. This practice has created valid expectations from customers that if
they return the goods they have purchased, the business will refund their payment. The business has been honoring this practice for a very long period of time. The type of
obligation created by this practice is called
a. Constructive obligation
b. Legal obligation
c. Construction obligation
d. Valid obligation

5. Equity is
a. Assets plus liabilities
b. Assets less liabilities
c. Liabilities less assets
d. Assets times liabilities

6. Which of the following is not a correct expanded accounting equation?

a. Assets = Liabilities + Equity + Income - Expenses
b. Assets + Expenses = Liabilities + Equity + Income
c. Assets – Liabilities = Equity + Income - Expenses
d. Assets = Liabilities + Equity + Income + Expenses

7. These are increases in economic benefits during the period in the form of inflows or enhancements of assets or decreases of liabilities that result in increases in equity,
other than those relating to investments by the business owners.
a. Expense
b. Income
5
 c. Equity
d. Assets

8. Which of the following statements is correct?

a. Income increases equity
b. Expense increases equity
c. Income decreases equity
d. Income and expense do not affect equity

9. Which of the following statements is incorrect?

a. If expense is greater than income, the difference is profit.
b. If income is greater than expenses, the difference is profit.
c. If income is less than expenses, the difference is loss.
d. Profit increases equity.

10.The start-up capital of a business consisted of ₱1,000,000 cash provided by the business owner and an additional ₱250,000 from a bank loan. The total start-up assets of
the business therefore is
a. ₱1,250,000
b. ₱1,000,000
c. ₱750,000
d. ₱250,00
I. Additional activities for application
or remediation Study the following:
1. Types of major accounts
ADDITIONAL ACTIVITY 2. Chart of accounts

V. REMARKS

VI. REFLECTION

A. No. of learners who earned 80% in the

evaluation

B. No. of learners who require additional

activities for remediation who scored
below 80%
C. Did the remedial lessons work? No. of
learners who have caught up with the
lesson

6
D. No. of learners who continue to require
remediation

E. Which of my teaching strategies worked

well? Why did these work?

F. What difficulties did I encounter which my

principal or supervisor can help me
solve?
G. What innovation or localized materials did
I use/discover which I wish to share with
other teachers?

Prepared by: Checked by:

ABEGAIL P. PRANZA VENER D. RODICA

Teacher Principal I