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    Entrepreneurship 10 Quarter 2 Module 10

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    Tana Cristobal
    Raymund B. Cawilan studied bookkeeping terms like journals, ledgers, balance sheets, and income statements. He demonstrated understanding by correctly answering questions about calculating cash sales, income, expenses and net income for businesses. His assessment showed a strong grasp of accounting concepts. An example showed Honda Massage and Spa Services had income of 120,000 PHP but expenses of 142,000 PHP, resulting in a net loss of 22,000 PHP.

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    Entrepreneurship 10 Quarter 2 Module 10

    Uploaded by

    Tana Cristobal
    6K views1 page
    Raymund B. Cawilan studied bookkeeping terms like journals, ledgers, balance sheets, and income statements. He demonstrated understanding by correctly answering questions about calculating cash sales, income, expenses and net income for businesses. His assessment showed a strong grasp of accounting concepts. An example showed Honda Massage and Spa Services had income of 120,000 PHP but expenses of 142,000 PHP, resulting in a net loss of 22,000 PHP.

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    © © All Rights Reserved

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    Raymund B. Cawilan studied bookkeeping terms like journals, ledgers, balance sheets, and income statements. He demonstrated understanding by correctly answering questions about calculating cash sales, income, expenses and net income for businesses. His assessment showed a strong grasp of accounting concepts. An example showed Honda Massage and Spa Services had income of 120,000 PHP but expenses of 142,000 PHP, resulting in a net loss of 22,000 PHP.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    6K views1 page

    Entrepreneurship 10 Quarter 2 Module 10

    Uploaded by

    Tana Cristobal
    Raymund B. Cawilan studied bookkeeping terms like journals, ledgers, balance sheets, and income statements. He demonstrated understanding by correctly answering questions about calculating cash sales, income, expenses and net income for businesses. His assessment showed a strong grasp of accounting concepts. An example showed Honda Massage and Spa Services had income of 120,000 PHP but expenses of 142,000 PHP, resulting in a net loss of 22,000 PHP.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Name: Raymund B.

    Cawilan Entrepremeurship Quarter 2 Module 10 Grade


    11-A

    What I Have Learned


    1. Bookkeeper 6. Adjusting Entry
    2. Journal 7. Trial Balance.
    3. Ledger 8. Cash Flow Statement
    4. Balance Sheet. 9. Cash Sales
    5. Income Statement. 10. Cash Receipts.

    What I Can Do
    1. How much is the total service income collected in cash?
    Answer: P 215,000
    2. How much is the total service income still collectible?
    Answer: P310,000
    3. How much is the total expenses?
    Answer: P342,000
    4. How much is the net income of GIN Janitorial and General Services, Inc.?
    Answer: P183,000

    Assessment
    1.C 6.B
    2.A 7.B
    3.D 8.A
    4.C 9.C
    5.C 10.D

    Honda Massage and Spa Services


    Income received from massage service Php 120,000

    Water expenses Php 4,000


    Soap expense Php 7,500
    Massage oil expenses Php 15,000
    Light & power expenses Php 12,000
    Rent of the Massage parlor Php 24,000
    Salary of staff (4 massage worker) Php 72,000
    Telephone expenses Php 7,500
    Total expenses: Php 142,000

    Net Loss/Profit ( Service Income – Total Expenses) Php 120,000 - Php 142,000
    Net Loss Php 22,000

    Bookkeeping (Page 1 of 1)

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