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

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Team 2
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Teams

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Score

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15

A chronological record of all financial transactions.

Journal

Oops!

Check

Okay!

Check

trap

No points!

Oops!

gift

Win 20 points!

Okay!

shark

Other team loses 25 points!

Okay!

thief

Give points!

5

10

15

20

25

15

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

Deferrals

Oops!

Check

Okay!

Check

15

Money owed by the company to its suppliers or creditors.

Accounts Payable:

Oops!

Check

Okay!

Check

seesaw

Swap points!

Oops!

fairy

Take points!

5

10

15

20

25

gift

Win 15 points!

Okay!

banana

Go to last place!

Oops!

15

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

Credit

Oops!

Check

Okay!

Check

monster

Reset all scores!

Oops!

rocket

Go to first place!

Okay!

gift

Win 5 points!

Okay!

lifesaver

Give 5 points!

Oops!

15

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

Depreciation

Oops!

Check

Okay!

Check

boom

Lose 50 points!

Oops!

seesaw

Swap points!

Okay!

rocket

Go to first place!

Okay!

thief

Give points!

5

10

15

20

25

15

The difference between a company's revenue and expenses.

Profit and Loss

Oops!

Check

Okay!

Check

15

A bill sent to a customer for goods or services provided

Invoice

Oops!

Check

Okay!

Check

15

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

Debit

Oops!

Check

Okay!

Check

15

Costs incurred in the operation of a business.

Expenses

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

Income generated from the sale of goods or services.

Revenue

Oops!

Check

Okay!

Check

15

The stock of goods held by a business for sale

Inventory

Oops!

Check

Okay!

Check

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