Team 1
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Team 2
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Teams
Name
Score
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10
×
Expenses have a normal debit or credit balance?
Debit
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Okay!
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10
×
Give three examples of an expense
rent, motor, insurance, wages, depreciation
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5
×
Drawings are found on which side of the trial balance?
Debit Side
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10
×
What are 3 examples of an asset?
cash, inventory, debtors, cars, buildings
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monster
Reset all scores!
Oops!
×
rocket
Go to first place!
Okay!
×
shark
Other team loses 15 points!
Okay!
×
banana
Go to last place!
Oops!
10
×
A payable or money owing is classed as an expense or a liability?
liability
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Check
Okay!
Check
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banana
Go to last place!
Oops!
×
magnet
Take 20 points!
Okay!
×
shark
Other team loses 15 points!
Okay!
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banana
Go to last place!
Oops!
10
×
Rishi started his business with $20,000 in the bank what are the two transactions?
Capital and Bank
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10
×
Revenues have a normal debit or credit balance?
Credit
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10
×
When increasing a liability we credit or debit?
credit
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10
×
Bought machinery paying by cheque and some in cash. What is the double entry?
Dr Machinery, Cr Cash and Bank accounts seperately
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10
×
when decreasing a liability we debit or credit?
debit
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Check
Okay!
Check
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lifesaver
Give 5 points!
Oops!
×
magnet
Take 25 points!
Okay!
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rocket
Go to first place!
Okay!
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thief
Give points!
5
10
15
20
25
10
×
Bought a motor van for $1,000 cash what are the two transactions?
Motor Van and Cash
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10
×
We returned some light bulbs because some were not lighting properly to Boodoo's Electrical LTD. What are the accounts?
Return Outwards, Boodoos Ltd
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10
×
Assets are debited or credited when increasing?
Debited
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Okay!
Check
×
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