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Team 2
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Teams
Name
Score
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15
×
The amount of money left over after subtracting expenses from revenue.
PROFIT
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15
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Amounts due to a company for goods or services provided but not yet paid.
RECEIVABLE
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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 25 points!
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magnet
Take 25 points!
Okay!
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rocket
Go to first place!
Okay!
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banana
Go to last place!
Oops!
15
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The process of assigning costs to particular cost centers or products.
ALLOCATION
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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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An individual or organization that owes money.
CREDITOR
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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 a business earns from its normal business activities.
REVENUE
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15
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A financial statement that shows a company's financial position at a specific date.
BALANCE SHEET
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thief
Give points!
5
10
15
20
25
×
gold
Win 50 points!
Okay!
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shark
Other team loses 20 points!
Okay!
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baam
Lose 15 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 process of examining and verifying a company's financial statements.
AUDIT
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15
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The process of calculating the total of a column of numbers.
ADDITION
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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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lifesaver
Give 20 points!
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fairy
Take points!
5
10
15
20
25
×
rocket
Go to first place!
Okay!
×
banana
Go to last place!
Oops!
×
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