Republic of the Philippines
Department of Education
REGION III – CENTRAL LUZON
SCHOOL DIVISION OF SAN JOSE DEL MONTE CITY
MINUYAN NATIONAL HIGH SCHOOL (GOLDENVILLE HS)
2nd Summative Test in Fundamentals of ABM 2
General Directions: 1. Read and understand each question carefully; 2. Write the your answers in the answer sheet ; 3. Do
not use mobile phone while the test is ongoing; & 4. Strictly no erasures. 5. Write your Full Name, Grade and Section, Subject
Area and Subject Teacher on your Answer Sheets.
Problem 1: Classify the following items as to
a. Operating Activities
b. Investing Activities
c. Financing Activities
Payment of accounts payable
Dividend received
Collection from customers
Paid for utilities
Proceeds of bank loan
Proceeds from sales of trading
securities
Transaction
1. Payment of operating expenses
2. Collection of interest
3. Collection from customers
4. Payment of interest
5. Collection of rent
6. Purchase of furniture
7. Additional investment
8. Proceeds of sale of equipment
9. Payment of bank loan
10.Proceeds of bank loan
11.Proceeds from sale of furniture
12.Collection of dividends
13.Cash withdrawal of the owner
Determine the following:
14. Cash flow from Operating Activities
15. Cash flow from Investing Activities
16. Cash flow from Financing Activities
17. Net Increase (Decrease) in Cash
18. Cash Balance as of July 31, 2019
Problem 3
The following data are taken from the records of Rapsa
Pares and Goto. Rapsa has beginning cash balance on
April 1, 2019, of P 24,567. Below are the transactions for
the month of July involving cash
Problem 2:
The following data are taken from the
records of AinSoft Gaming Corp. AinSoft
has beginning cash balance on July 1,
2019, of P 12,345,678. Below are the
transactions for the month of July involving
cash
Additional investment of Mr. Minmin
Cash paid to suppliers
Rent income
Proceeds from sale of equipment
Cash paid for advertising
Cash drawings
Payment of loan to DBPI Bank
Interest payment on loan
Purchase building
90,123
23,456
2,345,000
78,900
3,345,000
789,123
31,456,789
980,000
345,678
567,890
123,456
234,000
345,000
45,678
5,678,900
Additional investment of Mr. Rapsa
Cash paid to suppliers
Rent expense
Purchase of utensils
Cash paid for advertising
Cash drawings
Payment of loan to Aloha Bank
Interest payment on loan
Interest received on bank savings
Payment of accounts payable
Tax payment
Collection from customers
Paid for utilities
Proceeds of bank loan to XYZ Bank
Bought investment stocks
Phase 5, Minuyan Proper, San Jose del Monte City 3023
Contact Number: 0916-104-0095 /0936-087-1754
www.depedminuyannhs.weebly.com●307505.sjdmc@deped.gov.ph
23,000
8,000
1,500
3,000
1,000
2,500
2,500
700
1,200
900
500
20,000
700
25,000
10,000
Republic of the Philippines
Department of Education
REGION III – CENTRAL LUZON
SCHOOL DIVISION OF SAN JOSE DEL MONTE CITY
MINUYAN NATIONAL HIGH SCHOOL (GOLDENVILLE HS)
19. Cash flow from Operating Activities
20. Cash flow from Investing Activities
21. Cash flow from Financing Activities
22. Net Increase (Decrease) in Cash
23. Cash Balance as of April 30, 2019
Problem 4
Capiz Company provided the following for the current
year:
Increase in long term debt …………. P5,000,000
Withdrawals of owner………… …… 3,500,000
Depreciation and amortization …….. 1,500,000
Gain on sale of equipment …………. 500,000
Proceeds from additional investment of owner …
4,000,000
Purchase of equipment for cash ……. 7,000,000
Proceeds from sale of equipment …. 2,000,000
Net income …………………………. 8,000,000
Increase (decrease) in working capital accounts:
Accounts receivable – P2,000,000, Inventory –
(3,500,000), Accounts payable – P4,000,000, Income
tax payable – (P4,500,000)
Cash balance, January 1 ………….. P6,000,000
Determine the following:
24. Cash flow from Operating Activities
25. Cash flow from Investing Activities
Phase 5, Minuyan Proper, San Jose del Monte City 3023
Contact Number: 0916-104-0095 /0936-087-1754
www.depedminuyannhs.weebly.com●307505.sjdmc@deped.gov.ph
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