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

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

Deferrals

Oops!

Check

Okay!

Check

15

A chronological record of all financial transactions.

Journal

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

The stock of goods held by a business for sale

Inventory

Oops!

Check

Okay!

Check

15

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

Ledger

Oops!

Check

Okay!

Check

15

Money owed by the company to its suppliers or creditors.

Accounts Payable:

Oops!

Check

Okay!

Check

15

Money owed to the company by its customers.

Accounts Receivable

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

Credit

Oops!

Check

Okay!

Check

heart

Other team wins 25 points!

Oops!

gift

Win 25 points!

Okay!

rocket

Go to first place!

Okay!

baam

Lose 5 points!

Oops!

15

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

Depreciation

Oops!

Check

Okay!

Check

seesaw

Swap points!

Oops!

fairy

Take points!

5

10

15

20

25

gift

Win 25 points!

Okay!

banana

Go to last place!

Oops!

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

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

Accruals

Oops!

Check

Okay!

Check

baam

Lose 20 points!

Oops!

rocket

Go to first place!

Okay!

shark

Other team loses 15 points!

Okay!

lifesaver

Give 5 points!

Oops!

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