Accounting Revision | Baamboozle - Baamboozle | The Most Fun Classroom Games!

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20

Sold on credit to James. State the double entry.

Dr James Cr Sales

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Check

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monster

Reset all scores!

Oops!

rocket

Go to first place!

Okay!

fairy

Take points!

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25

baam

Lose 20 points!

Oops!

20

What is the purpose of having trade discount?

Buying in Bulk

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banana

Go to last place!

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gift

Win 10 points!

Okay!

rocket

Go to first place!

Okay!

thief

Give points!

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20

What is the purpose of having cash discount?

paid within a stated time

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lifesaver

Give 25 points!

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star

Double points!

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fairy

Take points!

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thief

Give points!

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25

On 1 June, Samir sold goods on credit to Faisal. Some of the goods were returned on 8 June. In what order would Samir and Faisal exchange documents in June?

Invoice, Debit Note, Credit Note

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20

Mark transferred his private motor vehicle to his business. How did he record this?

Dr motor vehicle Cr Capital

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15

What is the purpose of debit note?

To request for reduction in invoice

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15

What is the name of the document that summaries the customer's transactions for the month?

Statement of account

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15

What is the purpose of the purchases journal?

Records goods bought on credit

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15

What is the purpose of credit note?

Records goods returned to a supplier

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