accounting equation 3

Introduction

Task

SECTION D – QUESTION 5

5.1 Justin Sterling leases out building/flats. Show the effect (+)(-) of the following transactions on the accounting equation:

ASSETS

OWNERS EQUITY

LIABILITIES

EFFECT

REASON

EFFECT

REASON

EFFECT

REASON

Process

By the end of this lesson students will be able to identify and differentiate between all basic concepts related to accounting equation.

when doing the activity students are expected to

level 1. draw the format of the accounting equation table.

level 2. read and analyze all the transactions.

level 3. show the effect of every transaction affected with a specific sign(+/-)

level 4. record all the affected transaction in correct account.

level 5. write neatly and legible.

learners can also use this link to help them.

Evaluation

this is the memo students will use for the task to check their level of understanding.

5.1

Conclusion

ask questions and give further explanations to those struggled or did not have clear understanding of the topic and task

. give learners homework

encourage them to use old question papers for revision and youtube videos for clear explanations.

Credits

the resources I used were the videos from youtube

Teacher Page

Mr Mvambi Sanele

A third year student at CPUT teaching ACCOUNTING: accounting equation(topic)

I have collected all the necessary resources from youtube to help them boost their level of understanding on the topic.

this task will enable them to identify Assets,liabilities and owners equity.

know the difference between income and expenses, capital and drawings.

the effect on the accounting equation with the formular or standard equation(assets=liabilities + owner's equity).

thank you!!!!