3RD Quarter
Grade 11 - FABM 1
ACCOUNTING EQUATION
"Balancing the Books and Unleashing Financial Harmony: Decoding the Symphony of the Accounting Equation"
ACCOUNTING EQUATION
ASSETS
LIABILITIES
OWNER'S EQUITY
Owner's Rights to the Assets of the Business
What the business OWNED
What the business OWED
ACCOUNTING EQUATION
ASSETS
OWNER'S EQUITY
LIABILITIES
LIABILITIES
ASSETS
OWNER'S EQUITY
LIABILITIES
OWNER'S EQUITY
ASSETS
ASSETS
OWNER'S EQUITY
LIABILITIES
Assets: ______
80,000
Liabilities: 25,000
ANSWER
Owner's Equity: 55,000
ASSETS
OWNER'S EQUITY
LIABILITIES
Owner's Capital: 143,000
Notes Payable: 3,000
Accounts Payable: 5,000
206,000
________
Loans Payable: 55,000
ASSETS
OWNER'S EQUITY
ASSETS
LIABILITIES
Assets: 500,000
Liabilities: _____
260,000
ANSWER
Owner's Equity: 240,000
OWNER'S EQUITY
LIABILITIES
ASSETS
Owner's Capital: 150,000
Cash: 315,000
Supplies: 15,000
300,000
________
Building: 120,000
LIABILITIES
ASSETS
LIABILITIES
OWNER'S EQUITY
Assets: 700,000
Liabilities: 240,000
ANSWER
Owner's Equity: ________
460,000
ASSETS
LIABILITIES
OWNER'S EQUITY
Mortgage Payable: 112,000
Cash: 315,000
Supplies: 15,000
166,000
________
Accounts Payable: 52,000
LIABILITIES
group activity
Instructions:
Using the data below, determine the total assets, total liabilities and owner's equity.
Illustrate the data using accounting equation
ACCOUNTS:
Equipment: 55,000
Accounts Payable: 40,000
Notes Payable: 15,000
Cash: 320,000
JAA's Capital: 320,000
group activity
Instructions:
Using the data below, determine the total assets, total liabilities and owner's equity.
Illustrate the data using accounting equation
ACCOUNTS:
Loans Payable: 150,000
Accounts Receivable: 40,000
Notes Payable: 120,000
Cash: 420,000
Vinas's Capital: 190,000
group activity
Instructions:
At the beginning of the year, J. Agnas Enterprises had Total assets of P 850,000 and Total Liabilities of P 300,000. Answer the following question.
Illustrate the data using accounting equation
If total assets increased by P 130,000 during the year and total liabilities decreased by P 60,000, what will be the total assets, total liabilities and owner’s equity at the end of the year?
group activity
Instructions:
At the beginning of the year, J. Agnas Enterprises had Total assets of P 700,000 and Total Liabilities of P 500,000. Answer the following question.
Illustrate the data using accounting equation
If total assets increased by P 130,000 during the year and total liabilities decreased by P 60,000, what will be the total assets, total liabilities and owner’s equity at the end of the year?
note:
Apply the Accounting Equation:
ASSETS = LIABILITIES + OWNER'S EQUITY
5 MINUTES
TIME:
05:00
Accounting Equation
Senior High School
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Transcript
3RD Quarter
Grade 11 - FABM 1
ACCOUNTING EQUATION
"Balancing the Books and Unleashing Financial Harmony: Decoding the Symphony of the Accounting Equation"
ACCOUNTING EQUATION
ASSETS
LIABILITIES
OWNER'S EQUITY
Owner's Rights to the Assets of the Business
What the business OWNED
What the business OWED
ACCOUNTING EQUATION
ASSETS
OWNER'S EQUITY
LIABILITIES
LIABILITIES
ASSETS
OWNER'S EQUITY
LIABILITIES
OWNER'S EQUITY
ASSETS
ASSETS
OWNER'S EQUITY
LIABILITIES
Assets: ______
80,000
Liabilities: 25,000
ANSWER
Owner's Equity: 55,000
ASSETS
OWNER'S EQUITY
LIABILITIES
Owner's Capital: 143,000
Notes Payable: 3,000
Accounts Payable: 5,000
206,000
________
Loans Payable: 55,000
ASSETS
OWNER'S EQUITY
ASSETS
LIABILITIES
Assets: 500,000
Liabilities: _____
260,000
ANSWER
Owner's Equity: 240,000
OWNER'S EQUITY
LIABILITIES
ASSETS
Owner's Capital: 150,000
Cash: 315,000
Supplies: 15,000
300,000
________
Building: 120,000
LIABILITIES
ASSETS
LIABILITIES
OWNER'S EQUITY
Assets: 700,000
Liabilities: 240,000
ANSWER
Owner's Equity: ________
460,000
ASSETS
LIABILITIES
OWNER'S EQUITY
Mortgage Payable: 112,000
Cash: 315,000
Supplies: 15,000
166,000
________
Accounts Payable: 52,000
LIABILITIES
group activity
Instructions:
Using the data below, determine the total assets, total liabilities and owner's equity.
Illustrate the data using accounting equation
ACCOUNTS:
Equipment: 55,000
Accounts Payable: 40,000
Notes Payable: 15,000
Cash: 320,000
JAA's Capital: 320,000
group activity
Instructions:
Using the data below, determine the total assets, total liabilities and owner's equity.
Illustrate the data using accounting equation
ACCOUNTS:
Loans Payable: 150,000
Accounts Receivable: 40,000
Notes Payable: 120,000
Cash: 420,000
Vinas's Capital: 190,000
group activity
Instructions:
At the beginning of the year, J. Agnas Enterprises had Total assets of P 850,000 and Total Liabilities of P 300,000. Answer the following question.
Illustrate the data using accounting equation
If total assets increased by P 130,000 during the year and total liabilities decreased by P 60,000, what will be the total assets, total liabilities and owner’s equity at the end of the year?
group activity
Instructions:
At the beginning of the year, J. Agnas Enterprises had Total assets of P 700,000 and Total Liabilities of P 500,000. Answer the following question.
Illustrate the data using accounting equation
If total assets increased by P 130,000 during the year and total liabilities decreased by P 60,000, what will be the total assets, total liabilities and owner’s equity at the end of the year?
note:
Apply the Accounting Equation:
ASSETS = LIABILITIES + OWNER'S EQUITY
5 MINUTES
TIME:
05:00