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    Christine Bianca Chua - Module 3 Session 3.1 - The-Entrepreneur-Tracking-His-Resources - Learning Tasks

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    Christine Bianca Chua
    The document provides three examples for students to practice recording transactions in basic accounting books: 1) A cash book example recording business receipts and payments over three days. 2) A debtor's book recording sales and payments from a client over multiple dates. 3) A creditor's book tracking purchases from a supplier over four dates and a partial payment. The exercises help entrepreneurs learn bookkeeping skills for tracking business finances.

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    Christine Bianca Chua - Module 3 Session 3.1 - The-Entrepreneur-Tracking-His-Resources - Learning Tasks

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    Christine Bianca Chua
    53 views3 pages
    The document provides three examples for students to practice recording transactions in basic accounting books: 1) A cash book example recording business receipts and payments over three days. 2) A debtor's book recording sales and payments from a client over multiple dates. 3) A creditor's book tracking purchases from a supplier over four dates and a partial payment. The exercises help entrepreneurs learn bookkeeping skills for tracking business finances.

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    Christine Bianca Chua - Module 3 Session 3.1_The-Entrepreneur-Tracking-His-Resources_Learning Tasks

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    The document provides three examples for students to practice recording transactions in basic accounting books: 1) A cash book example recording business receipts and payments over three days. 2) A debtor's book recording sales and payments from a client over multiple dates. 3) A creditor's book tracking purchases from a supplier over four dates and a partial payment. The exercises help entrepreneurs learn bookkeeping skills for tracking business finances.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    53 views3 pages

    Christine Bianca Chua - Module 3 Session 3.1 - The-Entrepreneur-Tracking-His-Resources - Learning Tasks

    Uploaded by

    Christine Bianca Chua
    The document provides three examples for students to practice recording transactions in basic accounting books: 1) A cash book example recording business receipts and payments over three days. 2) A debtor's book recording sales and payments from a client over multiple dates. 3) A creditor's book tracking purchases from a supplier over four dates and a partial payment. The exercises help entrepreneurs learn bookkeeping skills for tracking business finances.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    MODULE 3 SESSION 3.

    1:

    THE ENTREPRENEUR TRACKING HIS RESOURCES

    Christine Bianca B. Chua


    Name: __________________________________________ 10/11/2021
    BSA 1-B Date: ___________________

    Let’s Try This!

    1. List 3 items that bring money into the business and 3 items on which you think the business spend
    money.
    2. Draw a simple cash book using the information from the list.
    Activity 1. Cash Book
    Left Side Receipts (Money in) Payments (Money out) Right Side

    Date Details Amount Date Details Amount


    received paid

    November Sold 1 box of writing Php. November Purchasing Php.


    8, 2021 notebook 2,800.00 7, 2021 supplies or stocks 2,000.00

    November Received payment Php. November Payment for Php. 320.00


    9, 2021 for buying t-shirts 3,452.00 8, 2021 transportation
    and school supplies
    November Sold pencil and Php. November Payment for utilities Php 1,500.00
    10, 2021 books. 1,870.00 8, 2021 and salaries

    Geniva Nario, CAR MEntrep & Mar Belgica, Entrep Module in The Entrepreneurial Mind

    Bicol University
    August 2020 College of Business, Economics, and Management – Entrepreneurship Department
    2. Let’s Try This!

    Record the following transactions in the Debtor’s Book.

    Lemonade stand has a regular client (who owns a canteen) to whom you sell bottles of lemonade juice.
    This client is called Tycoon Z.
    1. On 07/07/20 Tycoon Z buys 1000 bottles at P15 each (1000 x P15 = P15,000) on credit.
    2. On 15/07/20 Tycoon Z makes a partial payment of P5,000. On the same day Tycoon Z buys 500
    bottles at P15 each on credit again.
    3. On 30/07/20 Tycoon Z pays all the remaining debts.

    Activity 2. Debtor’s Book

    CUSTOMER’S NAME: TYCOON Z

    Date Details Qty Amount Amount Balance Sign


    sold on received
    credit

    07/07/20 Sold bottles 1000 pcs. Php. Php. TYCOON


    on credit 15,000.00 15,000.00 Z’s
    signature

    15/07/20 Partial Php. Php. TYCOON


    Payment 5,000.00 10,000.00 Z’s
    signature

    15/07/20 Sold bottles 500 pcs. Php. Php. TYCOON


    on credit 7,500.00 17,500.00 Z’s
    signature

    30/07/20 Paid in full Php. Php. 0.00 TYCOON


    17,500.00 Z’s
    signature

    Geniva Nario, CAR MEntrep & Mar Belgica, Entrep Module in The Entrepreneurial Mind
    Bicol University
    August 2020 College of Business, Economics, and Management – Entrepreneurship Department
    3. Let’s Try This!

    Record the following transactions in the Creditor’s Book.

    Bottle Cup Ltd. usually buys bottles from the Bottler B Manufacturer on credit, and clears the debts after
    selling the products.

    - On 15/7/20 bought 8,000 bottles at P 10 each.


    - On 16/7/20 bought 15,000 bottles at P 10 each.
    - On 17/7/20 bought 20,000 at P 10 each.
    - On 18/7/20 paid P300,000.

    How much money does Bottle Cup Ltd owe to Bottler B Manufacturer? Bottle Cup Ltd owes Php.
    130,000.00 to Bottler B Manufacturer

    Activity 3. Creditor’s Book


    Bottler B Manufacturer

    Bottler Cup
    Bought 8,000 Php. Php.
    15/7/20 Ltd’s
    bottles pcs 80,000.00 80,000.00 signature
    16/7/20 Purchased 15,000 Php. Php. Bottler Cup
    bottles pcs 150,000.00 230,000.00 Ltd’s signature
    17/7/20 Bought 20,000 Php. Php. Bottler Cup
    bottles pcs 200,000.00 430,000.00 Ltd’s signature
    Partial Php. Php. Bottler Cup
    18/7/20
    Payment 300,000.00 130,000.00 Ltd’s signature

    Good job! Now you can do bookkeeping using the 3 basic books i.e. cash book, debtor’s book, and

    creditor’s book. Now, let us learn how to price and cost your products or services.

    Bicol University
    August 2020 College of Business, Economics, and Management – Entrepreneurship Department

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