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Answer For Module

The document contains a pretest, lesson review, and posttest on temporary accounts, the statement of comprehensive income, and the single-step and multi-step approaches for preparing the statement. The pretest and lesson review contain multiple choice questions. Activities 1-3 involve calculating account balances and incomes/losses. The posttest provides two sample statements of comprehensive income to complete.

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christine
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Download as DOCX, PDF, TXT or read online on Scribd
364 views

Answer For Module

The document contains a pretest, lesson review, and posttest on temporary accounts, the statement of comprehensive income, and the single-step and multi-step approaches for preparing the statement. The pretest and lesson review contain multiple choice questions. Activities 1-3 involve calculating account balances and incomes/losses. The posttest provides two sample statements of comprehensive income to complete.

Uploaded by

christine
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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PRETEST

1. Temporary
2. Income and Expenses
3. Statement of Comprehensive Income
4. Expenses
5. Income
6. Single-Step Approach
7. Comprehensive Income
8. Net Income
9. Net Loss
10. Heading
LOOKING BACK TO YOUR LESSON
1. Php 400.00
2. Php 5,000.00
3. Php 5,000.00
4. Php 20,000.00
5. Php 50,000.00
Activity 1
1. Comprehensive Income
2. Single-Step Approach
3. Income
4. Net Loss
5. Revenues
6. Comprehensive Income
7. Single Proprietorship
8. Merchandising
9. Salaries Expense
10. Utilities Expense
Activity 2
1. True
2. False
3. True
4. True
5. True
6. True
7. True
8. False
9. True
10. True
Activity 3
1. Php 35,000.00
2. Php 25,000.00
3. Php 47,000.00
4. Php 20,000.00
5. (Php 40,000.00)
CHECK YOUR UNDERSTANDING
1. NA
2. NA
3.
4.
5.
6.
7.
8.
9. NA
10.
POSTTEST
1. _____________ Talimongan I.T Services and Solutions
______________ Statement of Comprehensive Income
For the period ended March 31,2020

Service Revenue Php 95,000.00

Rent Expense Php 20,000.00


Salaries Expense 5,000.00
Utilities Expense 3,000.00
Transportation Expense 15,000.00 (Php43,000.00)
Net Income Php 52,000.00
Comprehensive Income 8,000.00
Net Comprehensive Php. 60,000.00
_____________

2.
Talimongan I.T Services and Solutions
_____________
______________
_____________ Statement of Comprehensive Income
For the period ended March 31,2020

Service Revenue Php 40,000.00

Rent Expense Php 10,000.00


Salaries Expense 25,000.00
Utilities Expense 5,000.00
Transportation Expense 1,000.00 (Php 41,000.00)
Net Loss (Php 1,000.00)

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