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FABM 2 Quarter 4 - Module 3-4

This document is a student's submission for a subject on preparing checks. It includes the student's name, subject and section. The document consists of 5 tasks related to understanding checks. Task 1 covers basic information about why businesses use checks. Task 2-4 include multiple choice and fill in the blank questions about checks. Task 5 provides steps to write a check and benefits of using checks such as keeping records of payments. The document aims to teach the student about preparing and using checks.

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Chelsea Mae Aling
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247 views

FABM 2 Quarter 4 - Module 3-4

This document is a student's submission for a subject on preparing checks. It includes the student's name, subject and section. The document consists of 5 tasks related to understanding checks. Task 1 covers basic information about why businesses use checks. Task 2-4 include multiple choice and fill in the blank questions about checks. Task 5 provides steps to write a check and benefits of using checks such as keeping records of payments. The document aims to teach the student about preparing and using checks.

Uploaded by

Chelsea Mae Aling
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Name: Chelsea Mae M.

Aling Subject: FABM 2 Quarter 4 – Module 3-4


Section: ABM 11 Score: _____

Lesson 1: Preparing Checks

Pre-Assessment:

1. False
2. False
3. True
4. True
5. False
6. True
7. True
8. True
9. False
10. True
11. False
12. True
13. True
14. False
15. False

Task 1
To satisfy financial responsibilities, many firms issue checks from their accounts
payable department. Vendor payments, interest payments to lenders, and government
tax responsibilities are examples of financial obligations. An invoice or a check request is
received by the accounts payable department, which it utilizes to support the payment.
Businesses benefit from checks in a variety of ways.
A bank check is commonly used form of payment because it is more practical than
carrying cash with you. If required, payments can be halted. Cheques that are crossed
are safer. It is not necessary to count notes and risk making errors.
Task 2
1. D
2. E
3. B
4. C
5. A

Task 3
1. January 20, 2021
2. Joey Lao
3. ₱ 25,000
4. twenty-five thousand pesos only

5.
Explore
▪ I find it quite easy.
▪ For me it is easy to prepare a check.
▪ Yes, I think I am ready to make payments using a check in the future.
Task 4
1. As an ABM student, I have learned that it is easy to prepare a check.
2. As an ABM student, I have realized that it is much easier to use checks as
payments thank to use cash.
3. As an ABM student, I will apply what I have learned in future purposes.
Task 5
1. Step 1: Date the check. Write the date on the line at the top right-hand corner.
Step 2: Write who is this check for?
Step 3: Write the payment amount in numbers.
Step 4: Write the payment amount in words.
Step 5: Write a memo.
Step 6: Sign the check.
2. When you have a checking account, you have duties. To avoid checks being
returned due to inadequate amounts, you must keep a meticulous check
register.
3. When you use a check, the bank copies it for you so you can readily prove
your payments. All of the payment information you'll ever need is written on
your check and the underlying copy. You can see how much you spent, who
you paid, when you paid, and even what you paid for with each check.
Lesson 2: UNDERSTANDING THE STATEMENT OF BANK STATEMENT
Task 1
1. DEBIT COLUMN
2. CHECK NUMBER
3. CREDIT COLUMN
4. TRANSACTION CODE
5. DATE COLUMN

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