CBLM 1

 

HOW TO USE THIS COMPETENCY-BASED LEARNING MATERIAL  Welcome!  The

unit

of

competency,

“ Po Posti sting ng

Transa Transacti ctions ons””

is

one

of

the

competencies of BOOKKEEPING NC III, a unit “covers the knowledge, skills, and attitu attitudes des in postin posting g transa transacti ctions ons manual manually ly for all types types of busine business ss organizations and business activities”.  The module, Posting Transactions, contains training materials and activi act ivitie ties s relate related d to prepar preparing ing ledger ledger,, transf transferr erring ing journal journal entrie entries, s, and summarizing ledger. In this this modu module le,, you you ar are e re requ quir ired ed to go thro throug ugh h a se seri ries es of learn learnin ing g activi act ivitie ties s in order order to complet complete e each each learni learning ng outcome. outcome. In each learning learning outcome are Information Sheets, Self-Checks, Task Sheets and Job Sheets. Follow and perform perform the activities on your your own. If you have questions, do not hesitate to ask for assistance from your trainer. Remember to: 





Read Informatio Information n Sheets and complet complete e the Self Checks. Checks. Suggested Suggested references are included to supplement the materials provided in this module. Perform the Task Sheets and Job Sheets until you are confident that  your output conforms to the Performance Criteria Checklist that follows the sheets. Submit outputs of the Task Sheets and Job Sheets to your trainer for evaluation and recording in the Accomplishment Accomplishment Chart. Outputs shall serv serve e as your your por orttfol folio duri during ng th the e In Inst stiituti ution onal al Comp Compet eten ency  cy  Evalua Eva luatio tion. n. When When you feel confide confident nt that you have had suffici sufficient ent pr prac acti tice ce,, ask your your traine trainerr to evaluat evaluate e you. you. The The re resu sult lts s of your your assessment will be recorded in your Progress Chart and Accomplishment Chart.

CBLMs on Bookkeeping NC III

Posting  Transactions

Date Developed: March 2016 COMPILED BY: Mr. Aaron Jed Y.  Tumbali

Document No. Issued by: AETI Revision No.

Page 1 of 29

 

You must You must pass pass th the e Inst Instit itut utio iona nall Comp Compet eten ency cy Eval Evalua uati tion on fo forr this this comp co mpet eten ency cy befo before re movi moving ng to anot anothe herr comp compet eten ency cy.. A Cert Certif ific icat ate e of  Achievement will be awarded to you after passing the evaluation. You need to complete this module before you can perform the module on Preparing Trial Balance.

CBLMs on Bookkeeping NC III

Posting  Transactions

Date Developed: March 2016 COMPILED BY: Mr. Aaron Jed Y.  Tumbali

Document No. Issued by: AETI Revision No.

Page 2 of 29

 

BOOKKEEPING NC III COMPETENCY-BASED LEARNING MATERIALS List of Competencies No.

UNIT OF COMPETENCY

MODULE TITLE

CODE

1

Journalize Transactions

HCS412301

2

Post Transactions

Journalizing  Transactions Posting Transactions

3

Prepare Trial Balance

4

Prepare Financial Reports

5

Review Internal Control System

CBLMs on Bookkeeping NC III

Posting  Transactions

Preparing Trial Balance Preparing Financial Reports Reviewing Internal Control System

Date Developed: March 2016 COMPILED BY: Mr. Aaron Jed Y.  Tumbali

HCS412302   HCS412303 HCS412304 HCS412305

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MODULE CONTENT Qualificati ation Title

: Bookkeep eeping NC III

Unit Un it of Comp Compet eten ency cy

: Post Post Tran Transa sact ctio ions ns

Module Title

: Posting Transactions

Introduction  This unit covers the knowledge, skills, and attitudes in posting tr tran ansa sact ctio ions ns manu manual ally ly.. This This modu module le incl includ udes es prep prepar arin ing g the the ledg ledger er,, transferring journal entries, and summarizing ledger. Learning Outcomes: Upon the completion of this module, you must be able to: 1. Pr Prep epare are le ledg dger er 2. Transf Transfer er jour journal nal entrie entries s 3. Summa Summari rize ze le ledg dger er Assessment Criteria: 1. Ledger Ledger for the list of asset, asset, liabili liability, ty, and equity equity accoun accountt title titles s are prepared in accordance with the Chart of Accounts. 2. Ledg Ledger er for for th the e li list st of incom ncome e and and expen xpense se acco accoun untt titl titles es ar are e prepared in accordance with the Chart of Accounts. 3. Journal entries entries are transferr transferred ed in chronolog chronological ical order. order. 4. Posti Postings ngs are are done done with with 100% 100% accuracy accuracy.. 5. Debit Debits s & Credits Credits for each each ledger ledger account are are added correc correctly. tly. 6.

Balances are extracted with 100% accuracy. CBLMs on Bookkeeping NC III

Posting  Transactions

Date Developed: March 2016 COMPILED BY: Mr. Aaron Jed Y.  Tumbali

Document No. Issued by: AETI Revision No.

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LEARNING OUTCOME SUMMARY LEARNING OUTCOME #2

TRANSFER JOURNAL ENTRIES

CONTENT: Procedures in Transferring Journal Entries to the Ledger  Ledger   ASSESSMENT CRITERIA: 1. Journal entries entries are transferr transferred ed in chronolog chronological ical order. order. 2. Posti Postings ngs are are done done with with 100% 100% accuracy accuracy.. CONDITION:  The students/ trainees must be provided with the following: Competency Based Learning Materials Ledger Calculator Pencil Eraser        

PC/ LCD Laptop Projector Video Clips of Transferring Journal Entries

ASSESSMENT METHODS: Written test Demonstration with Oral Questioning Interview/ Oral Questioning

CBLMs on Bookkeeping NC III

Posting  Transactions

Date Developed: March 2016 COMPILED BY: Mr. Aaron Jed Y.  Tumbali

Document No. Issued by: AETI Revision No.

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Learning Outcome 2 Post Transactions LEARNING GUIDE Learning Steps

Resources

1. Read Read Informa Informatio tion n Sheet Sheet 2.2-1 2.2-1 Procedures in transferring  Journal Entries

Information Sheet 2.2-1

2. Answer Answer Self-C Self-Chec heck k 2.2-1 2.2-1

Self-Check 2.2-1

3. Check Check answe answers rs with with Answe Answerr Key Key 2.2-1 4. Listen Listen and and watch watch the the lectu lectureredemonstration on the actual procedures in transferring journal entries.

Answer Key 2.2-1 PC/ Laptop LCD Projector Powerpoint presentation Video Clips - Transferring Journal Entries Speaker

CBLMs on Bookkeeping NC III

Posting  Transactions

Date Developed: March 2016 COMPILED BY: Mr. Aaron Jed Y.  Tumbali

Document No. Issued by: AETI Revision No.

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White board and Marker 5. Perfor Perform m Task Sheet Sheet 2.2-1 2.2-1 Transf Transfer er  Journal Entries 6. Evalua Evaluate te using using Perf Perform ormanc ance e Criteria Checklist 2.2-1

Ledger Pencil Eraser Calculator Performance Criteria Checklist 2.2-1 After performing the activities of LO2, you may proceed to LO3.

Information Sheet 2.2-1 Transferring Journal Entries Learning Objectives: After reading this Information Sheet you should be able to: 1. expl ident identify ify each the procedure pro cedures s inorm transferring transfe rring journal jorring urnaljournal entries; ent ries;entries andes according 2. explain ain step to perform perf in transferring transfe jou rnal entri according to accounting principle.

Introduction: In the previous lesson, you learned how to   open accounts in the general ledger. In this   lesson you will learn how to transfer general  journal entri entries es to the ledger. Reca Recall ll that   posting is the process of  transferring information from the general journal to individual general ledger accounts. To provi provide de  current information to management, the accountant for the Jeep dealer in your area  probably posts journal entries to the general  ledger every day.  The gene general ral jour journal nal is a sor sortt of busi business ness dia diary ry con contain taining ing all of the transactions of a business. It is not easy to see the effect of changes in an account by looking at journal entries. To provide a clear picture of how a business transaction changes an account’s balance, the information in a  journal  jour nal entr entry y is trans transfer ferred red to the the genera generall ledger. ledger. Thi This s is one one of the the activ activiti ities es in posting transactions. The purpose of posting is to show the impact of  CBLMs on Bookkeeping NC III

Posting  Transactions

Date Developed: March 2016 COMPILED BY: Mr. Aaron Jed Y.  Tumbali

Document No. Issued by: AETI Revision No.

Page 7 of 29

 

business transactions on the individual accounts. The ledger is sometimes called the book of final entry.  The size of the the busin business, ess, the num number ber of tran transact sactions ions,, and and wheth whether er the the accounting system is manual or computerized all affect how often posting occurs. Ideally, businesses post daily to keep their accounts up-to-date. Regar Reg ardl dles ess s of how of often ten po post sting ing is pe perf rfor ormed med,, th the e pr proc ocess ess re rema main ins s th the e same. As in journalizing a transaction, posting to a ledger account is completed from left to right. Let’s look at a journal entry for Roadrunner that is ready  to be posted to the ledger.

  Transferring Journal Entries Roadrunner’s first transaction affects two accounts: Cash in Bank and Maria Sanchez, Capital. The information in the journal entry is transferred item by item from the journal to each of the accounts affected. As you read about each step in the posting process, refer to figure below. Locate the account to be debited in the ledger; in this example, Cash in Bank is to be debited.

CBLMs on Bookkeeping NC III

Posting  Transactions

Date Developed: March 2016 COMPILED BY: Mr. Aaron Jed Y.  Tumbali

Document No. Issued by: AETI Revision No.

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1. Enter th the e date of the the journal journal entry in the the Date column column of the account account debited. Use the date of the journal entry, not the date on which the posting is done. Write the year and month in the left side of the Date column. It is not necessary to write the year and month for other postings to the same account on the same page unless the month or  year changes. The day, however, is always entered. 2. The Descrip Descriptio tion n column column on the ledger ledger account account is usually usually left blank. blank. Some So me busi busine ness sses es use this this spac space e to writ write e in the the sour source ce docu docume ment nt number.

CBLMs on Bookkeeping NC III

Posting  Transactions

Date Developed: March 2016 COMPILED BY: Mr. Aaron Jed Y.  Tumbali

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3. In the ledger ledger account account Posting Posting Referen Reference ce (Post. (Post. Ref.) column, column, identif identify  y  where the journal entry is recorded. Enter a letter for the specific  journal and the journal page number. In this example the letter “G” represents the general journal and the “1” indicates page 1 of the general journal. 4. Enter th the e debit amount amount in the the Debit Debit column column of the ledger ledger account. account. 5. Comp Comput ute e and and re reco cord rd the the new new acco account unt balanc balance e in the the appr approp opri riat ate e balance column. Every amount posted will either increase or decrease the balance of that account. 6. Retur Return n to the journal journal and, in the Posting Posting Referenc Reference e column, enter enter the account number of the ledger account to which you just posted the debit part of the journal entry. Be sure it is entered on the same line as the debit entry. In this example enter 101 in the Posting Reference column on the line for Cash in Bank.  This step in the posting process is very important. The notation in the Postin Posting g Refere Reference nce column column of the journa journall indica indicates tes that that the  journal entry has been posted. The posting reference also shows the acco ac count unt to whic which h the the entr entry y was was post posted ed.. If the the post postin ing g pr proc oces ess s is interrupted, perhaps by a telephone call, the posting reference signals the point at which posting stopped. Never write an account number in the Posting Reference column until after after you  you have posted. 7. Repea Repeatt steps 1–6 1–6 for the credit credit part part of the journal journal entry. entry. a. Locate Locate the account account to be credited credited.. In this example example Maria Maria Sanchez, Sanchez, Capital, is to be credited. b. Ente Enterr the the date date.. c. Ente Enterr the the post postin ing g re refe fere renc nce e on the ledg ledger er accoun accountt fo form rm.. In this example, G1 represents the first page of the general journal. d. Enter Enter the the cred credit it amou amount. nt. e. Comput Compute e the the new accoun accountt balan balance. ce. f. Enter Enter the accou account nt number number in the the Postin Posting g Referen Reference ce column column of the the general journal. In the example enter 301 to show that the credit was posted to Maria Sanchez, Capital.

CBLMs on Bookkeeping NC III

Posting  Transactions

Date Developed: March 2016 COMPILED BY: Mr. Aaron Jed Y.  Tumbali

Document No. Issued by: AETI Revision No.

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Self-Check 2.2-1

A. Enumerate the 6 steps in transferring journal entries. 1.   CBLMs on Bookkeeping NC III

Posting  Transactions

Date Developed: March 2016 COMPILED BY: Mr. Aaron Jed Y.  Tumbali

Document No. Issued by: AETI Revision No.

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2. 3. 4. 5. 6.

         

B.   Directions:  David Serlo made the following cash investment in his business. Use the six-step process to transfer the entry to the ledger accounts in your working papers. GENERAL JOURNAL DATE 1 2 3 4

20- May

DESCRIPTION

 

POST. REF.

 

 

DEBIT

PAGE

 

1

CREDIT

 

1

  Cash in Bank David Serlo, Capital  Memorandum  Memoran dum 101

1

101  

10 0 0 0 00

301

 

10 0 0 0 00  

2   3 4

Answer Key 2.2-1 A. 1. Locate the account to be debited/credited. CBLMs on Bookkeeping NC III

Posting  Transactions

Date Developed: March 2016 COMPILED BY: Mr. Aaron Jed Y.  Tumbali

Document No. Issued by: AETI Revision No.

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2. 3. 4. 5. 6.

Enter the date. Enter the posting reference on the ledger account form. Enter the debit/credit amount. Compute the new account balance. Enter the account number in the Posting Reference column of the general journal.

B.  A ACCOUNT

DATE

20- May.

DESCRIPTION

 ACCOUNT NO.  

1

 A ACCOUNT

DATE

20- May.

Cash in Bank Ba nk POST. REF.

BALANCE  

DEBIT

 

G1

CREDIT

 

CREDIT

10

0

 

POST. REF.

 

DEBIT

 

CREDIT

1 0 0 0 0 00

DEBIT

Posting  Transactions

Date Developed: March 2016 COMPILED BY: Mr. Aaron Jed Y.

10

0

 Tumbali

Document No. Issued by: AETI Revision No.

0

00

301

BALANCE   CREDIT

Task Sheet 2.2-1

CBLMs on Bookkeeping NC III

0

 ACCOUNT NO.

G1

1

DEBIT

1 0 0 0 0 00

David Serlo, Ser lo, Capital Capit al DESCRIPTION

101

13 of Page 13  of 29

0

0

00

 

Title:

Transfer Journal Entries

Given the recorded transactions in a journal, Performance Objective/s Objective/s::  you should be able to transfer entries to ledger for 2 hours, following the accounting accounting principles principles with 100% accuracy.

General Ledger, Pencil, Eraser, Supplies/ Materials/ Equipment: General  Calculator

Steps/Procedures: 1. Follo Followin wing g the 6 steps steps of posting posting transac transactio tions, ns, trans transfer fer the follow following ing  journal entries to general ledger.

On December 1, 2015, Luisito Banig opens a law office. The chart of  acconts is as follows and the journal entries for the month of December are CBLMs on Bookkeeping NC III

Posting  Transactions

Date Developed: March 2016 COMPILED BY: Mr. Aaron Jed Y.  Tumbali

Document No. Issued by: AETI Revision No.

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given on the succeeding pages: Chart of Accounts 100 Assets 101 Cash 102 Accounts Receivable 103 Equipment 104 Furniture & Fixture 105 Supplies

400 Revenue 401 Legal Fees Income

500 Expense 501 Salaries and Wages 502 Rent Expense 503 Advertising Expense  Expense   504 Utilities Expense 505 Taxes and Licenses

200 Liabilities 201 Accounts Payable 202 Loans Payable 300 Owner’s Equity 301 L. Banig, Capital 302 L. Banig, Drawing

2. The seque equenc nce e of acco accoun untts in this his chart hart of acco accoun unts ts sho should uld be observed in opening ledger accounts.  

GENERAL JOURNAL

CBLMs on Bookkeeping NC III

Posting  Transactions

Date Developed: March 2016 COMPILED BY: Mr. Aaron Jed Y.  Tumbali

 

PAGE

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1

 

DATE

1 2 3 4

2015  Jan

POST. REF.

DESCRIPTION

DEBIT 

 

CREDIT 

1

1

Cash   L. Banig, Capital Initial Investment

1 0000

2

100000

4

5 6

3

5

2  Taxes and Licenses

10000

6

10000 7 8

Cash

7 8

Payment of Mayor’s Permit

9 10 11 12 13

9

4  Cash  Office Equipment Equipment   L. Banig, Capital Additional Investment

10000

10

8 0000

11

90000

13

14 15 16 17

14

10  Furniture and Fixture   Accounts Payable Office desks and chairs bought

80000

15

80000

20 21

18

Cash Legal Fees Income Billings for legal services

75 000

19

75000

24 25

22

13  Furniture & Fixture   Cash Desks and tables purchased

5000

23

5000

28 29

26

16  Cash   F. Banig, Capital Additional investment

10000

27

10000

32 33

30

20 Adver Advertis tising ing Expens Expense e   Cash Ca Payment for signboard

 

9000

31

9000

36 37

34

22  Cash   Legal Fees Collection on January 15 billings

50000

28  Cash   Loan Payable Loan obtained from BPI

50000

35

50000

40 41

36 37

38 39

32 33

34 35

28 29

30 31

24 25

26 27

20 21

22 23

16 17

18 19

12

38 39

50000

40 41

42

42

43

43

CBLMs on Bookkeeping NC III

Posting  Transactions

Date Developed: March 2016 COMPILED BY: Mr. Aaron Jed Y.  Tumbali

Document No. Issued by: AETI Revision No.

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3. Evalua Evaluate te your own output output using using the Performance Performance Criteria Criteria Checklis Checklist. t. 4. Presen Presentt your your work work to your trainer. trainer.

Assessment Methods: Demons Demo nstr trat atio ion n Questioning

of

skil skills ls

CBLMs on Bookkeeping NC III

Posting  Transactions

usin using g

Perf Perfor orma manc nce e

Date Developed: March 2016 COMPILED BY: Mr. Aaron Jed Y.  Tumbali

Crit Criter eria ia

Chec Checkl klis ist; t;

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Oral Oral

 

Performance Criteria Checklist 2.2-1 CRITERIA

YES

 Journal Entries are transferred in chronological order. Postings are done with 100% accuracy.

CBLMs on Bookkeeping NC III

Posting  Transactions

Date Developed: March 2016 COMPILED BY: Mr. Aaron Jed Y.  Tumbali

Document No. Issued by: AETI Revision No.

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NO

 

Job Sheet 2.3-1 Title:

Post Transactions

Given the recorded transactions in a journal, Performance Objective/s Objective/s::  you should be able to prepare the ledger, transfer entries, and summarize ledger for 3 hours according to accounting principles with 100% accuracy.

General Ledger, Pencil, Ruler, Supplies/ Materials/ Equipment: General  Calculator Steps/Procedures: 1. Open ledger accounts. (1) Write the account name at the top of the ledger account form; (2) write the account number num ber on the ledger account form.

Enterr the the comp comple lete te date date (yea (year, r, mont month, h, and day) day).. Writ Write e the the word word 2. Ente Balance in the Description column. CBLMs on Bookkeeping NC III

Posting  Transactions

Date Developed: March 2016 COMPILED BY: Mr. Aaron Jed Y.  Tumbali

Document No. Issued by: AETI Revision No.

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3. Place a check mark ( ✓) in the Posting Reference column to show the amount entered on this line is not being posted from a journal. 4. Enter the balance in the appropriate Balance column. Usually asset, expens exp ense, e, and owner’ owner’s s withdr withdrawal awals s accoun accounts ts have debit debit balanc balances. es. Liability, owner’s capital, and revenue accounts have credit balances.

5. Following the 6 steps of posting transactions, transfer the following  journal entries to general ledger.

CBLMs on Bookkeeping NC III

Posting  Transactions

Date Developed: March 2016 COMPILED BY: Mr. Aaron Jed Y.  Tumbali

Document No. Issued by: AETI Revision No.

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On Decemb December er 1, 2015, 2015, Felizar Felizardo do Lissan Lissandro dro opens opens AB Secret Secretari arial al School. The chart of acconts is as follows and the journal entries for the month of December are given on the succeeding pages: Chart of Accounts 100 Assets 101 Cash 102 Accounts Receivable 103 Equipment 104 Furniture & Fixture

400 Revenue 401 Tuition Fees Income 500 Expense 501 Salaries and Wages 502 Rent Expense 503 Advertising Expense  Expense   504 Utilities Expense 505 Taxes and Licenses

200 Liabilities 201 Accounts Payable 202 Loans Payable

 

300 Owner’s Equity 301 F. Lissandro, Capital 302 F. Lissandro, Drawing 6.  The sequence of accounts in this chart of accounts should be observed in opening ledger accounts.

 

CBLMs on Bookkeeping NC III

Posting  Transactions

Date Developed: March 2016 COMPILED BY: Mr. Aaron Jed Y.  Tumbali

Document No. Issued by: AETI Revision No.

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GENERAL JOURNAL DATE

1 2 3 4

2015 Dec

POST. REF.

DESCRIPTION

 

DEBIT 

PAGE

 

CREDIT 

1

1

Cash   F. Lissandro, Capital Initial Investment

8 0 0000

2

800000

7 8

5

2  Taxes and Licenses Cash Payment of Mayor’s Permit

20000

6

20000

11 12 13 14

9

4  Equipment   Cash   Accounts Payable Computers bought for cash on account

100000

10  Advertising Expense   Cash Payment for newspaper ads

10000

10

25000

11

75000

12 13 14

15 16 17 18

7 8

9 10

3 4

5 6

1

15 16

10000

17 18

19

19

000 20 21 22

Cash  Tuition Fees Income Income  Tuition Fess Collected Collected

5

0

50000

22

23 24 25 26

23

11  Furniture & Fixture   Cash Desks and tables purchase

70000

12  Cash   F. Lissandro, Capital Additional investment

50000

24

70000

29 30

27 28

50000

33 34

31

13 Adver Advertis tising ing Expens Expense e   Cash Ca Payment for signboard

 

9000

32

9000

37 38

35

15  Salaries and Wages   Cash Payroll, December 1-15

50000

36

50000

41 42

37 38

39 40

33 34

35 36

29 30

31 32

25 26

27 28

20 21

39

 Cash   Loan Payable Loan obtained from PNB

100000

40

100000

41 42

43

43

CBLMs on Bookkeeping NC III

Posting  Transactions

Date Developed: March 2016 COMPILED BY: Mr. Aaron Jed Y.  Tumbali

Document No. Issued by: AETI Revision No.

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GENERAL JOURNAL DATE

1 2 3

2015 Dec 16 Accounts Payable (AB Co.)   Cash

7 8

DEBIT 

PAGE

 

1

5 0000

2

50000

 F. Lissandro, Drawing Cash Withdrawal by the Sole Proprietor

11 12 13 14 15 16

40000

6

40000

9

18  Cash   Tuition Fees Income   Collection from students

25000

10

25000

13

15600

14

15600

17

Cash Payment of December Rental

18

50000

21

26  Utilities Expense   Cash MERALCO bill, December 1-22

50000

28  Salaries and Wages   Cash Payroll, December 16-31

50000

22

50000

27 28

25 26

50000

29

Cash Tuition Fee Income Collection from students  

30

32

 

9000

30

9000

35 36

33

29  Accounts Receivable Receivable   Tuition Fee Income Billings made for tuition fees

50000

34

50000

39 40

35 36

37 38

31 32

33 34

27 28

29

31

23 24

25 26

19 20

21

24

15 16

5 0000

22 Re Rent nt Exp Expen ense se

20

23

11 12

  20  Furniture & Fixture   Cash Additional desks purchased

19

22

7 8

17 18

3 4 5

9 10

1

CREDIT 

Partial Payment of Account

4 5 6

POST. REF.

DESCRIPTION

 

37

100000

 Cash   Tuition fees Income Collections

38

100000

39 40

41

41

42

42

CBLMs on Bookkeeping NC III

Posting  Transactions

Date Developed: March 2016 COMPILED BY: Mr. Aaron Jed Y.  Tumbali

Document No. Issued by: AETI Revision No.

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43

43

Comput ute e acco accoun untt bala balanc nces es.. A rule of thumb for finding a new 7. Comp balance is that debits are added to deb-   its, credits are added to credits, but debits and credits are subtracted. lua ate yo your ur ow own n out utp put us usiing th the e Per erfo form rma anc nce e cr crit iter eria ia Evalu 8. Eva Checklist. 9. Present your work to your trainer.

Assessment Methods: Demons Demo nstr trat atio ion n Questioning

of

Skil Skills ls usin using g

CBLMs on Bookkeeping NC III

Posting  Transactions

Perf Perfor orma manc nce e

Date Developed: March 2016 COMPILED BY: Mr. Aaron Jed Y.  Tumbali

Crit Criter eria ia Chec Checkl klis ist; t;

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Oral Oral

 

Performance Criteria Checklist 2.3-1 CRITERIA

YES

1. Ledger Ledger for the list list of asset, asset, liabi liability, lity, and and equity equity account titles are prepared in accordance with the Chart of Accounts. 2. Ledger Ledger for the list list of income income and and expense expense account account titles are prepared in accordance with the Chart of Accounts. 3. Journal Journal entries entries are transferr transferred ed in chronolo chronological gical order. order. 4. Postings Postings are done done with with 100% accuracy. accuracy. 5. Debits Debits & Credits Credits for for each ledger ledger accoun accountt are added added correctly. 6. Balances Balances are extracted extracted with with 100% 100% accurac accuracy. y.

CBLMs on Bookkeeping NC III Posting  Transactions

Date Developed: March 2016 COMPILED BY: Mr. Aaron Jed Y.  Tumbali

Document No. Issued by: AETI Revision No.

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NO

 

OPERATION SHEET 2.3-1 Title:

Perform Basic Calculations Using a Calculator

Performance Objective/s Objective/s::

Given a scientific calculator, you should be

able to perform basic calculations. Supplies/ Materials/ Equipment : Paper, Pencil, Casio Scientific Calculator Steps/Procedures: 1. Befor Before e using the calculat calculator, or, slide slide its hard hard case case downwards to remove it, and then affix the hard case to the back of the calculator as shown in the illustration below. 2. Press Press ON to turn turn on the the calcula calculator tor.. 3. Perfor Perform m the the foll followi owing: ng: A. Use the +, -, x, x, and ÷ keys to perform perform arithmetic arithmetic calcula calculation tions. s. Compute the following: 423 + 225 = 346 -212 = 231 x 18 = 250÷ 50 = B. Percen Percentt Calcula Calculatio tions ns

Compute the following: 150 x 10% = 250 x 25% = CBLMs on Bookkeeping NC III Posting  Transactions

Date Developed: March 2016 COMPILED BY: Mr. Aaron Jed Y.  Tumbali

Document No. Issued by: AETI Revision No.

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2390 x 35% =

Compute the following:   - What percentage of 500 is 50?   - What percentage of 1000 is 100? 4. Write al alll your answers answers on your paper. paper. You will will present present this to your trainer. 5. Check yo your ur performance performance using using the Performance Performance Criteria Criteria Checkl Checklist. ist. 6. Presen Presentt your your work work to your trainer. trainer. Assessment Methods: Demonstration of Skills using Performance Criteria Checklist, Oral Questioning

CBLMs on Bookkeeping NC III Posting  Transactions

Date Developed: March 2016 COMPILED BY: Mr. Aaron Jed Y.  Tumbali

Document No. Issued by: AETI Revision No.

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Performance Criteria Checklist 2.3-1 CRITERIA

YES

Did you remove the cover of the calculator? Were you able to turn on the calculator easily? Were you able to press the right number num ber keys? Were you able to use the basic operations to perform arithmetic calculations? Were you able to calculate percentage? Were you able to compute the answers accurately? a ccurately?

CBLMs on Bookkeeping NC III Posting  Transactions

Date Developed: March 2016 COMPILED BY: Mr. Aaron Jed Y.  Tumbali

Document No. Issued by: AETI Revision No.

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NO

 

References: Books Mejorada, N., Bookkeeping, JMC Press, Inc., 2000 Wild, J., Fundamental Accounting Principles, McGRAW-HiILL Philippines, 2008 Websites:

www.accountingexplained.com www.myaccountingcourse.com www.accountingcoach.com

CBLMs on Bookkeeping NC III Posting  Transactions

Date Developed: March 2016 COMPILED BY: Mr. Aaron Jed Y.  Tumbali

Document No. Issued by: AETI Revision No.

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