Jeopardy MONEY

1
JeopardyMONEY

• By Antonella Maccarone
• December 2004

2
Jeopardy
Vocabulary Analyzing the Effect of Transactions Analyzing Accounting Practices Forms of Business
100 100 100 100
200 200 200 200
300 300 300 300
400 400 400 400
500 500 500 500
3
Credits

• Thats all folks.

Exit
4
Vocabulary 100

• AN AMOUNT OWED BY A BUSINESS

5
Vocabulary 100

• What is a liability?

6
VOCABULARY 200

• AN EQUATION SHOWING THE RELATIONSHIP AMONG
  ASSETS, LIABILITIES, OR OWNERS EQUITY

7
Category 1 200

• WHAT IS THE ACCOUNTING EQUATION

8
VOCABULARY 300

• A business owned by one person

9
VOCABULARY 300

• WHAT IS A SOLE PROPRIETORSHIP?

10
VOCABUALRY 400

• THE SIDE OF THE ACCOUNT THAT IS INCREASED

11
VOCABULARY 400

• WHAT IS THE NORMAL BALANCE?

12
VOCABULARY 500

• A SALE FOR WHICH CASH WILL BE RECEIVED AT A LATER
  DATE

13
VOCABULARY 500

• WHAT IS A SALE ON ACCOUNT?

14
Transactions100

• RECEIVED CASH FROM SALES

15
100

• WHAT IS CASH IS INCREASED AND CAPITAL IS
  INCREASED?

16
200

• SOLD SERVICES ON ACCOUNT TO KIDS TIME

17
Category 2 200

• WHAT IS ACCOUNTS RECEIVABLE IS INCREASED AND
  CAPITAL IS INCREASED?

18
300

• PAID CASH FOR RENT

19
300

• WHAT IS CASH IS DECREASED AND CAPITAL IS
  DECREASED?
• OR RENT EXPENSE INCREASED

20
400

• PAID CASH TO OWNER FOR PERSONAL USE

21
400

• WHAT IS CASH IS DECREASED AND DRAWING IS
  INCREASED/ OR CAPITAL IS DECREASED

22
500

• RECEIVED CASH ON ACCOUNT FROM KIDS TIME

23
Tranactions500

• What is cash is debited and accounts receivable
  is credited

24
100

• WHEN A BUSINESS RECEIVES REVENUE SALES IS

25
100

• WHAT IS INCREASED BY A CREDIT?

26
200

• WHEN THE OWNER WITHDRAWS CASH THE OWNERS DRAWING
  ACCOUNT IS

27
200

• WHAT IS INCREASED BY A DEBIT?

28
300

• WHEN you receive cash from sales the sales
  account is

29
300

• WHAT IS INCREASED BY A CREDIT?

30
400

• WHEN YOU PAY CASH FOR INSURANCE INSURANCE IS

31
400

• WHAT IS INSURANCE IS INCREASED ON THE DEBIT SIDE

32
500

• WHEN YOU PAY CASH ON ACCOUNT TO LING MUSIC
• SUPPLIES ,CASH IS

33
500

• WHAT IS CASH IS DECREASED ON TE CREDIT SIDE

34
Category 4 100

• A BUSINESS OWNED BY ONE PERSON

35
100

• WHAT IS A SOLE PROPRIETORSHIP?

36
200

• AN ORGANIZATION WITH THE LEGAL RIGHTS OF A PERSON
  AND WHICH MAY BE OWNED BY MANY PEOPLE

37
200

• WHAT IS A CORPORATION?

38
300

• A BUSINESS IN WHICH TWO OR MORE PERSONS COMBINE
  THEIR ASSETS AND SKILLS

39
300

• WHAT IS A PARTNERSHIP?

40
400

• UNLIMITED LIABILITY

41
400

• WHAT IS A CORPORATION?

42
500

• WHO SHOT HIS FRIEND ON A HUNTING TRIP?

43
500

• WHO IS VICE PRESIDENT CHENEY?