Accounting Equation
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| show | A record that summarizes all the transactions pertaining to a single item in the accounting equation.
🗑
|
||||
| Account | show 🗑
|
||||
| show | The name given to an account.
🗑
|
||||
| show | The process of planning, recording, analyzing, and interpreting financial information.
🗑
|
||||
| Accounting equation | show 🗑
|
||||
| show | A planned process designed to compile financial data and summarize the results in accounting records and reports.
🗑
|
||||
| Asset | show 🗑
|
||||
| Business ethics | show 🗑
|
||||
| Business plan | show 🗑
|
||||
| Capital account | show 🗑
|
||||
| show | Interest paid on an original amount deposited in a bank plus any interest that has been paid.
🗑
|
||||
| Creditor | show 🗑
|
||||
| show | Someone who owns, operates, and takes the risk of a business venture.
🗑
|
||||
| Equities | show 🗑
|
||||
| Equity | show 🗑
|
||||
| show | The principles of right and wrong that guide an individual in making decisions.
🗑
|
||||
| Expense | show 🗑
|
||||
| Financial statements | show 🗑
|
||||
| GAAP | show 🗑
|
||||
| Interest | show 🗑
|
||||
| Liability | show 🗑
|
||||
| Net worth statement | show 🗑
|
||||
| Owner’s equity | show 🗑
|
||||
| show | The difference between personal assets and personal liabilities.
🗑
|
||||
| Proprietorship | show 🗑
|
||||
| show | An increase in equity resulting from the sale of goods or services.
🗑
|
||||
| Sale on account | show 🗑
|
||||
| Service business | show 🗑
|
||||
| Sole proprietorship | show 🗑
|
||||
| show | Any business activity that changes assets, liabilities, or owner’s equity.
🗑
|
||||
| show | Assets taken from the business for the owner’s personal use.
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
DrTeague
Popular Accounting sets