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Accounting Basics

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Review basic accounting terms, classifications and rules of DR and CR

Created Date 09.09.21
Last Updated 09.10.21
Viewed 39 Times
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Topics of this game:
  • Anything of value that is owned
  • An amount owed
  • The difference between assets and liabilities
  • The Accounting Equation is written as
  • Cash is classified as
  • Accounts Payable is classified as
  • The Capital account is classified as
  • Prepaid insurance is classified as
  • The DR (Debit) side of Cash is
  • The CR (Credit) side of Accounts Payable is
  • The DR (Debit) side of Withdrawals is
  • The DR (Debit) side of Sales
  • The Normal Balance side of Supplies is
  • The Normal Balance side of J. Black, Capital is
  • The Normal Balance side of Miscellaneous Expense is
  • The Normal Balance side of Income Summary is