1 / 43

Jeopardy MONEY

This Jeopardy game features vocabulary terms and transactions related to accounting, including liabilities, the accounting equation, sole proprietorships, normal balance, sales on account, and more.

hdekker
Download Presentation

Jeopardy MONEY

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. JeopardyMONEY By Antonella Maccarone December 2004

  2. Jeopardy

  3. Credits • That’s all folks. Exit

  4. Vocabulary $100 AN AMOUNT OWED BY A BUSINESS

  5. Vocabulary $100 What is a liability?

  6. VOCABULARY $200 AN EQUATION SHOWING THE RELATIONSHIP AMONG ASSETS, LIABILITIES, OR OWNER’S EQUITY

  7. Category 1 $200 WHAT IS THE ACCOUNTING EQUATION

  8. VOCABULARY $300 A business owned by one person

  9. VOCABULARY $300 WHAT IS A SOLE PROPRIETORSHIP?

  10. VOCABUALRY $400 THE SIDE OF THE ACCOUNT THAT IS INCREASED

  11. VOCABULARY $400 WHAT IS THE NORMAL BALANCE?

  12. VOCABULARY $500 A SALE FOR WHICH CASH WILL BE RECEIVED AT A LATER DATE

  13. VOCABULARY $500 WHAT IS A SALE ON ACCOUNT?

  14. Transactions$100 RECEIVED CASH FROM SALES

  15. $100 WHAT IS CASH IS INCREASED AND CAPITAL IS INCREASED?

  16. $200 SOLD SERVICES ON ACCOUNT TO KIDS TIME

  17. Category 2 $200 WHAT IS ACCOUNTS RECEIVABLE IS INCREASED AND CAPITAL IS INCREASED?

  18. $300 PAID CASH FOR RENT

  19. $300 WHAT IS CASH IS DECREASED AND CAPITAL IS DECREASED? OR RENT EXPENSE INCREASED

  20. $400 PAID CASH TO OWNER FOR PERSONAL USE

  21. $400 WHAT IS CASH IS DECREASED AND DRAWING IS INCREASED/ OR CAPITAL IS DECREASED

  22. $500 RECEIVED CASH ON ACCOUNT FROM KIDS TIME

  23. Tranactions$500 What is cash is debited and accounts receivable is credited

  24. $100 WHEN A BUSINESS RECEIVES REVENUE SALES IS

  25. $100 WHAT IS INCREASED BY A CREDIT?

  26. $200 WHEN THE OWNER WITHDRAWS CASH THE OWNER’S DRAWING ACCOUNT IS

  27. $200 WHAT IS INCREASED BY A DEBIT?

  28. $300 WHEN you receive cash from sales the sales account is

  29. $300 WHAT IS INCREASED BY A CREDIT?

  30. $400 WHEN YOU PAY CASH FOR INSURANCE INSURANCE IS

  31. $400 WHAT IS INSURANCE IS INCREASED ON THE DEBIT SIDE

  32. $500 WHEN YOU PAY CASH ON ACCOUNT TO LING MUSIC SUPPLIES ,CASH IS

  33. $500 WHAT IS CASH IS DECREASED ON TE CREDIT SIDE

  34. Category 4 $100 A BUSINESS OWNED BY ONE PERSON

  35. $100 WHAT IS A SOLE PROPRIETORSHIP?

  36. $200 AN ORGANIZATION WITH THE LEGAL RIGHTS OF A PERSON AND WHICH MAY BE OWNED BY MANY PEOPLE

  37. $200 WHAT IS A CORPORATION?

  38. $300 A BUSINESS IN WHICH TWO OR MORE PERSONS COMBINE THEIR ASSETS AND SKILLS

  39. $300 WHAT IS A PARTNERSHIP?

  40. $400 UNLIMITED LIABILITY

  41. $400 WHAT IS A CORPORATION?

  42. $500 WHO SHOT HIS FRIEND ON A HUNTING TRIP?

  43. $500 WHO IS VICE PRESIDENT CHENEY?

More Related