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    Accounting Equation

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    randy magbudhi
    Here are the solutions to the accounting equation problems: a. Assets (760,000) = Liabilities (360,000) + Owner's Equity (400,000) b. Assets (860,000) = Liabilities (268,000) + Owner's Equity (592,000) c. Assets (860,000) = Liabilities (108,000) + Owner's Equity (760,000) d. Assets (626,600) = Liabilities (376,240) + Owner's Equity (250,360) e. Assets (700,000) = Liabilities (800,000) + Owner's Equity (-100,

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    Accounting Equation

    Uploaded by

    randy magbudhi
    422 views33 pages
    Here are the solutions to the accounting equation problems: a. Assets (760,000) = Liabilities (360,000) + Owner's Equity (400,000) b. Assets (860,000) = Liabilities (268,000) + Owner's Equity (592,000) c. Assets (860,000) = Liabilities (108,000) + Owner's Equity (760,000) d. Assets (626,600) = Liabilities (376,240) + Owner's Equity (250,360) e. Assets (700,000) = Liabilities (800,000) + Owner's Equity (-100,

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    Accounting Equation Ppt

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    Accounting Equation Ppt

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    Here are the solutions to the accounting equation problems: a. Assets (760,000) = Liabilities (360,000) + Owner's Equity (400,000) b. Assets (860,000) = Liabilities (268,000) + Owner's Equity (592,000) c. Assets (860,000) = Liabilities (108,000) + Owner's Equity (760,000) d. Assets (626,600) = Liabilities (376,240) + Owner's Equity (250,360) e. Assets (700,000) = Liabilities (800,000) + Owner's Equity (-100,

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    422 views33 pages

    Accounting Equation

    Uploaded by

    randy magbudhi
    Here are the solutions to the accounting equation problems: a. Assets (760,000) = Liabilities (360,000) + Owner's Equity (400,000) b. Assets (860,000) = Liabilities (268,000) + Owner's Equity (592,000) c. Assets (860,000) = Liabilities (108,000) + Owner's Equity (760,000) d. Assets (626,600) = Liabilities (376,240) + Owner's Equity (250,360) e. Assets (700,000) = Liabilities (800,000) + Owner's Equity (-100,

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 33

    FUNDAMENTALS OF

    ACCOUNTANCY, BUSINESS
    AND MANAGEMENT 1
    REVIEW

    This type of business offers


    professionals skills, advice and
    consultation.

    a. Service Business
    b. Merchandising Business
    c. Manufacturing Business
    Answer

    a. Service Business


    REVIEW

    This type of business is also known


    as “buy and sell”.

    a. Service Business
    b. Merchandising Business
    c. Manufacturing Business
    Answer

    a. Merchandising
    Business
    REVIEW

    This type of business buys raw


    materials and uses them in making
    new product.

    a. Service Business
    b. Merchandising Business
    c. Manufacturing Business
    Answer

    a. Manufacturing
    Business
     define assets, liabilities and owner’s equity
     define assets, liabilities and owner’s equity

     Illustrate the accounting equation


     define assets, liabilities and owner’s equity

     Illustrate the accounting equation

     solve problems involving accounting equation


    MAJOR ACCOUNTS IN ACCOUNTING
     


    Assets are the company's resources or
    properties owned by the company.
    MAJOR ACCOUNTS IN ACCOUNTING
     


    Assets are the company's resources or properties
    owned by the company.


    Liabilities are the company's debts or obligations
    to be settled in the future.
    MAJOR ACCOUNTS IN ACCOUNTING
     


    Assets are the company's resources or
    properties owned by the company.


    Liabilities are the company's debts or
    obligations to be settled in the future.


    Owner's equity are the total capital the
    owners have invested in the business
    GRAPHIC ORGANIZER

    is a visual and graphic display


    that depicts the relationships
    between facts, terms, and
    ideas within a learning task
    Hierarchy chart
    Activity:

    complete the illustration with


    using “hierarchy chart”.
    OWNER’S
    ASSETS LIABILITIES
    EQUITY
     The word equation comes from the word
    equal. For any equation, one side always
    equals another.

     The equation shows that Assets are equal to


    the sum of (Liabilities) and Owner’s
    Equity(owner’s investment)
    OWNER’S
    ASSETS LIABILITIES
    EQUITY
    The equation means that out of the
    properties of the business, the
    business will pay first the debts to
    outsiders or creditors and any
    amount remaining thereafter should
    go to the owner.
    Example

    OWNER’S
    ASSETS LIABILITIES
    EQUITY

    ? P100,000 P500,000
    Example

    OWNER’S
    ASSETS LIABILITIES
    EQUITY

    P200,000 P160,000 ?
    Example

    OWNER’S
    ASSETS LIABILITIES
    EQUITY

    ? 450,000 (100,000)
    4. Supplies=Php.45,000
    Accounts payable= Php15,000

    5. Cash=Php.500,000
    Loan Payable=Php400,000
    Example

    Suppose you bought a Computer


    Equipment for P50,000, borrow
    P40,000 from others, and pay
    the rest yourself. Try to illustrate
    the accounting equation.
     Activity:
     I will group you into two groups. Perform
    necessary operation with the use of
    Accounting Equation. Present your output on
    the board
    GROUP 1
      Assets = Liabilities + Owner’s
    Equity

    1. 500,000   340,000   ?
    2. ?   110,000   590,000
    3. ?   650,000   (50,000)
     GROUP 2
     
    1. Furniture and fixtures=Php.70,000
    Accounts payable= Php35,000
     
    2. Equipment=Php.200,000
    Owner’s equity=Php100,000
     
    3. Office Supplies=Php.100,000
    Accounts payable=Php100,000
    How blessed am I?
    Please check the appropriate box relevant to you, leave blank if not.
     
    Column A   Column B
       
    Eat 3 times a day Lonely
       
    Healthy body Unwell
       
    With friends More enemy
       
    Living with parents bullied
       
    With computer Depress
       
    With cellphone Unhappy
       
    Can buy new clothes Can’t buy new clothes
       
    Have special talent No talent
       
    With savings account No savings account
       
    Sleep comfortably Stress
    To get the result:
    10points for each check in Column A =

    10points for each check in Column B=

    Total points in Column A – Total Points in Column B x


    100%
    What have you learned in
    the accounting equation?
    Assessment
     Individual activity
     Using the given data accomplish the accounting equation by applying necessary
    operations
      Assets   Liabilities   Owner’s
    Equity
    a. 760,000   360,000   ?
    b. 860,000   ?   592,000
    c. ?   108,000   760,000
    d. 626,600   376,240   ?
    e. ?   800,000   (100,000)

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