Accounting Rules
Learn which accounts are debited and credited by answering the questions! Compete against other players to reach the finish line first OR play solo and get as many as you can correct to reach the end and win!
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Topics of this game:
- Drawing money out of a capital account increases which side?
- I just made a sale! Which side do sales go?
- Which is the normal balance for a capital drawing account?
- Which is the normal balance for a sales transaction?
- What is the normal balance for sales on account
- Liabilities and equities are on which side of the equation?
- I paid for supplies on account. Would supplies be debited or credited?
- I paid cash for insurance, I would debit which account?
- What is the normal balance of any liability?
- What is the normal balance of any asset?
- A customer returned one of my products. Which account would I credit?
- I made 2,000 cash from sales. Which account would I debit?
- I withdrew $5,269 out of my drawing account. Which account am I crediting?
- I made a sale on account. Which account am I debiting?
- I bought an Easy Bake Oven for $50 at a yard sale, which account will be credited?
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