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Teams
Name
Score
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15
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An accounting method that records revenues and expenses when they are earned or incurred.
ACCRUAL
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15
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An individual or organization that owes money.
CREDITOR
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15
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A financial document that outlines the planned expenses and revenues over a specific period.
BUDGET
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15
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The amount of money left over after subtracting expenses from revenue.
PROFIT
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baam
Lose 20 points!
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gold
Win 50 points!
Okay!
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shark
Other team loses 25 points!
Okay!
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banana
Go to last place!
Oops!
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monster
Reset all scores!
Oops!
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seesaw
Swap points!
Okay!
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fairy
Take points!
5
10
15
20
25
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baam
Lose 20 points!
Oops!
15
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A record of financial transactions, often referred to as the book of original entry.
JOURNAL
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15
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A financial statement that summarizes a company's revenues and expenses.
INCOME STATEMENT
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baam
Lose 20 points!
Oops!
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magnet
Take 10 points!
Okay!
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shark
Other team loses 10 points!
Okay!
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baam
Lose 25 points!
Oops!
15
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The process of spreading the cost of an asset over its useful life.
DEPRECIATION
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15
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The cost incurred by a company to produce or purchase the goods it sells.
COST OF GOODS SOLD
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15
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The process of examining and verifying a company's financial statements.
AUDIT
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15
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The process of keeping track of a company's financial transactions.
BOOKKEEPING
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15
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The money or other valuables that owners invest in a business.
CAPITAL
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thief
Give points!
5
10
15
20
25
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magnet
Take 25 points!
Okay!
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shark
Other team loses 10 points!
Okay!
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thief
Give points!
5
10
15
20
25
15
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Something valuable that an individual, corporation, or country owns or controls.
ASSET
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