lesson plan year 10
TRANSCRIPT
![Page 1: Lesson plan year 10](https://reader036.vdocument.in/reader036/viewer/2022062307/5562b8f7d8b42a595e8b480e/html5/thumbnails/1.jpg)
Learning Objective
To know what a Balance Sheet consist of
![Page 2: Lesson plan year 10](https://reader036.vdocument.in/reader036/viewer/2022062307/5562b8f7d8b42a595e8b480e/html5/thumbnails/2.jpg)
Hi! I am Mr Jack.I own a pizza
shop
![Page 3: Lesson plan year 10](https://reader036.vdocument.in/reader036/viewer/2022062307/5562b8f7d8b42a595e8b480e/html5/thumbnails/3.jpg)
Assets
![Page 4: Lesson plan year 10](https://reader036.vdocument.in/reader036/viewer/2022062307/5562b8f7d8b42a595e8b480e/html5/thumbnails/4.jpg)
![Page 5: Lesson plan year 10](https://reader036.vdocument.in/reader036/viewer/2022062307/5562b8f7d8b42a595e8b480e/html5/thumbnails/5.jpg)
Hi Mr Jack ! Three BBQ chicken pizzas. Charge it to ABC Pty Ltd. Send us an invoice.
Sure no worries.
![Page 6: Lesson plan year 10](https://reader036.vdocument.in/reader036/viewer/2022062307/5562b8f7d8b42a595e8b480e/html5/thumbnails/6.jpg)
Liabilities
![Page 7: Lesson plan year 10](https://reader036.vdocument.in/reader036/viewer/2022062307/5562b8f7d8b42a595e8b480e/html5/thumbnails/7.jpg)
Mrs Green I need some tomatoes .
I’ll pay later. Send me an invoice.
Okay Mr Jack…Is
this a tomato?
No honey, it’s the red round fruit behind
you.
![Page 8: Lesson plan year 10](https://reader036.vdocument.in/reader036/viewer/2022062307/5562b8f7d8b42a595e8b480e/html5/thumbnails/8.jpg)
I need a loan to renovate
my pizza shop
Here’s a dollar
Come on! I need at least
$10,000
![Page 9: Lesson plan year 10](https://reader036.vdocument.in/reader036/viewer/2022062307/5562b8f7d8b42a595e8b480e/html5/thumbnails/9.jpg)
Mortgage on the shop is $500 a week…Damn.
I think I will just burn the
mortgage bill.
![Page 10: Lesson plan year 10](https://reader036.vdocument.in/reader036/viewer/2022062307/5562b8f7d8b42a595e8b480e/html5/thumbnails/10.jpg)
Assets LiabilitiesCash $2,000 Creditors $300Debtors $100 Bank loan $5,000Ingredients $800 Mortgage $10,000Refrigerator $2,000Pizza oven $3,000 ProprietorshipDelivery car $8,000 Capital - Mr Jack $600
$15,900 $15,900
Mr Jack's Pizza ShopBalance Sheet as at 30 June 2011
![Page 11: Lesson plan year 10](https://reader036.vdocument.in/reader036/viewer/2022062307/5562b8f7d8b42a595e8b480e/html5/thumbnails/11.jpg)
Give me some examples of Assets and Liabilities of the school.
Discussion
Give me some examples of Assets and Liabilities of a CD shop.
![Page 12: Lesson plan year 10](https://reader036.vdocument.in/reader036/viewer/2022062307/5562b8f7d8b42a595e8b480e/html5/thumbnails/12.jpg)
Proprietorship/Owners’ Equity
$55,850 - $12, 050 = $43, 800
Assets $55,850
Liabilities $12,050
![Page 13: Lesson plan year 10](https://reader036.vdocument.in/reader036/viewer/2022062307/5562b8f7d8b42a595e8b480e/html5/thumbnails/13.jpg)
Taminmin College has $70,000 worth of assets and its liabilities amounts to $40,000. What is the amount of the Proprietorship/Owners’ Equity?
Activity
Assets - Liabilities = Proprietorship/Owners’ Equity
![Page 14: Lesson plan year 10](https://reader036.vdocument.in/reader036/viewer/2022062307/5562b8f7d8b42a595e8b480e/html5/thumbnails/14.jpg)
Assets LiabilitiesCash $2,000 Creditors $300Debtors $100 Bank loan $5,000Ingredients $800 Mortgage $10,000Refrigerator $2,000Pizza oven $3,000 ProprietorshipDelivery car $8,000 Capital - Mr Jack $600
$15,900 $15,900
Mr Jack's Pizza ShopBalance Sheet as at 30 June 2011
![Page 15: Lesson plan year 10](https://reader036.vdocument.in/reader036/viewer/2022062307/5562b8f7d8b42a595e8b480e/html5/thumbnails/15.jpg)
Classify each item to Assets or Liabilities and work out the Proprietorship: (1)Machinery $3000, (2)Debtors $5000, (3)Inventory $2000, (4)Westpac account $10,000, (5)Bank loan $8000, (6)Bank overdraft -ANZ $500 and (7)Creditors $2000.
Assessment
![Page 16: Lesson plan year 10](https://reader036.vdocument.in/reader036/viewer/2022062307/5562b8f7d8b42a595e8b480e/html5/thumbnails/16.jpg)
A bank overdraft is when someone is able to spend more than what is actually in their bank account.
For example: I have $0 in my bank, but I still withdraw $20 from the ATM. My bank overdraft is $20.
What is a bank overdraft?
The quantity of goods and materials on hand.
For example: Record of the amount of ingredients (to make pizza) kept in the storeroom or the refrigerator.
What is inventory?
![Page 17: Lesson plan year 10](https://reader036.vdocument.in/reader036/viewer/2022062307/5562b8f7d8b42a595e8b480e/html5/thumbnails/17.jpg)
Assets LiabilitiesBank - Westpac $10,000 Bank overdraft -Anz $500Debtors $5,000 Creditors $2,000Inventory $2,000 Bank loan $8,000Machinery $3,000
ProprietorshipCapital - Mr Jack $9,500
$20,000 $20,000
Mr Jack's Pizza ShopBalance Sheet as at 30 June 2011