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

Team 1
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Team 2
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Teams

Name

Score

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15

The difference between a company's revenue and expenses.

Profit and Loss

Oops!

Check

Okay!

Check

15

Expenses paid in advance but not yet incurred, or revenue received in advance but not yet earned.

Deferrals

Oops!

Check

Okay!

Check

15

Expenses incurred but not yet paid, or revenue earned but not yet received.

Accruals

Oops!

Check

Okay!

Check

banana

Go to last place!

Oops!

shark

Other team loses 5 points!

Okay!

rocket

Go to first place!

Okay!

baam

Lose 25 points!

Oops!

15

A bill sent to a customer for goods or services provided

Invoice

Oops!

Check

Okay!

Check

15

Money owed to the company by its customers.

Accounts Receivable

Oops!

Check

Okay!

Check

15

An entry that decreases an asset or expense account, or increases a liability or equity account.

Credit

Oops!

Check

Okay!

Check

15

The systematic allocation of the cost of a tangible asset over its useful life.

Depreciation

Oops!

Check

Okay!

Check

thief

Give points!

5

10

15

20

25

rocket

Go to first place!

Okay!

rocket

Go to first place!

Okay!

banana

Go to last place!

Oops!

15

Income generated from the sale of goods or services.

Revenue

Oops!

Check

Okay!

Check

15

A book or computer file that summarizes all of the company's accounts.

Ledger

Oops!

Check

Okay!

Check

15

A document that serves as proof of payment

Receipt

Oops!

Check

Okay!

Check

15

A system of recording financial transactions where every transaction is recorded with corresponding debits and credits.

Double-entry bookkeeping

Oops!

Check

Okay!

Check

15

The stock of goods held by a business for sale

Inventory

Oops!

Check

Okay!

Check

baam

Lose 10 points!

Oops!

shark

Other team loses 25 points!

Okay!

fairy

Take points!

5

10

15

20

25

banana

Go to last place!

Oops!

15

Money owed by the company to its suppliers or creditors.

Accounts Payable:

Oops!

Check

Okay!

Check

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