Team 1
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Team 2
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Teams
Name
Score
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10
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We paid our telephone bill paying $300 in cash what are the two transactions?
telephone expense and cash
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10
×
Give three examples of an expense
rent, motor, insurance, wages, depreciation
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10
×
When increasing a liability we credit or debit?
credit
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lifesaver
Give 20 points!
Oops!
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fairy
Take points!
5
10
15
20
25
×
rocket
Go to first place!
Okay!
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baam
Lose 25 points!
Oops!
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heart
Other team wins 15 points!
Oops!
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rocket
Go to first place!
Okay!
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shark
Other team loses 20 points!
Okay!
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banana
Go to last place!
Oops!
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trap
No points!
Oops!
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rocket
Go to first place!
Okay!
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gift
Win 25 points!
Okay!
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banana
Go to last place!
Oops!
5
×
Assets are found on which side of the trial balance?
Debit side
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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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10
×
Revenues have a normal debit or credit balance?
Credit
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10
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The owner took out 300 in cash for personal use. What is the double entry?
Dr drawings, Cr cash
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10
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Where is discount allowed and discount received recorded in the trial balance?
Discount allowed - Debit side and discount received -credit side
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10
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Assets are debited or credited when decreasing?
Credited
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10
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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
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Bought a motor van for $1,000 cash what are the two transactions?
Motor Van and Cash
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10
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Randall received $1,000 rent in cash from a building what are the two transactions?
rent received and cash
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