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