Team 1
0
Team 2
0
Teams
Name
Score
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Loading
10
×
Sold goods on credit.
Accounts receivable is debited and Sales is credited.
Oops!
Check
Okay!
Check
×
boom
Lose 50 points!
Oops!
×
seesaw
Swap points!
Okay!
×
gift
Win 20 points!
Okay!
×
lifesaver
Give 15 points!
Oops!
×
baam
Lose 25 points!
Oops!
×
gift
Win 20 points!
Okay!
×
shark
Other team loses 20 points!
Okay!
×
lifesaver
Give 25 points!
Oops!
5
×
Explain the term 'Expenses'.
Costs incurred by the business to generate revenue and to ensure operation of the business.
Oops!
Check
Okay!
Check
5
×
What is Capital?
The money invested into a business to start and operate the business.
Oops!
Check
Okay!
Check
5
×
What is a liability?
A business' financial obligation that is outstanding and must be paid for.
Oops!
Check
Okay!
Check
10
×
Paid Insurance using a cheque.
Insurance is debited and Bank is credited.
Oops!
Check
Okay!
Check
5
×
What is an asset?
Property owned by the business to be used for a profit.
Oops!
Check
Okay!
Check
15
×
Bought equipment, paying three quarters by cash and the other quarter by cheque.
Equipment is debited and, Cash is credited and Bank is credited.
Oops!
Check
Okay!
Check
5
×
What is meant by the term 'Revenue'?
Income gained by the daily operations of the business.
Oops!
Check
Okay!
Check
×
monster
Reset all scores!
Oops!
×
star
Double points!
Okay!
×
fairy
Take points!
5
10
15
20
25
×
banana
Go to last place!
Oops!
10
×
Purchased goods on credit.
Purchases is debited and Accounts Payable is credited.
Oops!
Check
Okay!
Check
10
×
Cash invested into the business.
Cash is debited and Capital is credited.
Oops!
Check
Okay!
Check
×
lifesaver
Give 15 points!
Oops!
×
gold
Win 50 points!
Okay!
×
rocket
Go to first place!
Okay!
×
baam
Lose 5 points!
Oops!
×
Restart
Review
Join for Free
;
Your experience on this site will be improved by allowing cookies.
Allow cookies
