Detailed Lesson Plan

I. Objectives

At the end of the lesson the students should be able to:

1 Categorize the elements in a business transaction.

2 Apply the rules of double-entry bookkeeping system.

II. Contents
Topic: Double-Entry Bookkeeping
Reference(s): Fundamentals of Accountancy (Business and Management I) 13 th
Edition by Win Ballada
Materials: PowerPoint presentation, handouts

III. Procedure

A. Preliminary Activities
The teacher will greet the class and check the attendance of the students.

B. Review
The teacher will ask the students about what they have learned in their past
lessons. The teacher will ask for the definition and elements of accounting.

C. Motivation
The teacher will show the students a short video clip regarding the topic. He will
also let the students imagine that they are in the business world. The class will
provide at least one account for each elements of the accounting. A representative
will write the answers on the board.

D. Presentation of the Lesson

The teacher will ask some students about the accounts they have written on the
board. He will ask based on students perspective on how they understand each
account. After the activity, the teacher will now introduce the concept of double-entry
bookkeeping. He will add further information to enhance the students knowledge
about the topic.

E. Generalization
1. What have you learned about the double-entry bookkeeping?
IV. Evaluation:
Indicate the debit and credit account of the given transaction.

Transactions Debit Credit

1. Paid Mayors permit

2. Additional
investment
3. Payment of salaries
4. Bought supplies on
account
5. Sale of product

Choose the best answer.

1. A business is started with the injection of 10,000 in cash. In which account is the
credit entry made?
Cash
Capital

2. A business purchases equipment cash. In which account is the debit entry made?
Equipment
Supplies

3.Insurance of 2,000 is paid in advance. In which account is the debit entry made?
Insurance prepayments
Insurance expense

4. A business purchases supplies on account for 2,000. On which account is the

credit entry made?
Supplies
Accounts payable

5. A business collects fees from a customer in cash for work done. In which account
is the credit entry made?
Accounts Receivable
Fee Income

6. A business owner withdraws cash of 1,000 from the business. In which account is
the debit entry made?
Drawings account
Cash

7. Net wages of 24,000 are paid to employees. Which account is debited?

Cash
Net wages control
8. A business invoices customers for fees, giving credit of 30 days. Which account is
the debit entry posted to?

Accounts receivable
Accounts payable

9. A telephone bill is received by the business for 500. Which account is the debit
entry posted to?
Telephone expense
Accounts payable

10. A deposit of 1,500 is received from a customer for work to be started next month.
Which account is credited?
Deferred income
Fee income

V. Assignment:
Bring different kinds of source documents. (Receipt, sales invoice, electric bill
etc.)

Prepared by:
Ricardo Q. Gonzales Jr.