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Instant Jeopardy Review is designed for live play with up to ten individuals or teams. Teams choose a question, then try to give the best answer. Scoring is built in for each team. You can post a link to this review game using the orange game information button below. If you are the creator of this game, you can edit the game with the red edit button. Have fun!
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Accounting Jeopardy Game

Chart of Accounts Types of Business Entities Debits and Credits General Journal General Questions
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Final Question
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This account is property owned by a business.

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This account is property owned by a business.


What is an asset?


This account is a debt or obligation of the business.

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This account is a debt or obligation of the business.


What is a liability?


This account is an owner's financial interest in a business.

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This account is an owner's financial interest in a business.


What is equity?


This account represents all the depreciation expense charged to an asset since the asset was put into service.

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This account represents all the depreciation expense charged to an asset since the asset was put into service.


What is accumulated depreciation?


This account represents the amount of accounts receivable which management estimates will not be collectible.

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This account represents the amount of accounts receivable which management estimates will not be collectible.


What is the allowance for doubtful accounts.


A business entity owned by one person who is legally responsible for the debt and taxes of the business.

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A business entity owned by one person who is legally responsible for the debt and taxes of the business.


What is a sole proprietorship?


A publicly or privately owned company that is separate from its owners.

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A publicly or privately owned company that is separate from its owners.


What is a corporation?


A business owned by two or more people who carry on a business for profit and are legally responsible for the debts of the business.

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A business owned by two or more people who carry on a business for profit and are legally responsible for the debts of the business.


What is a partnership?


An entity formed as a corporation that meets the requirements of Subchapter S of the Internal Revenue Service Code.

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An entity formed as a corporation that meets the requirements of Subchapter S of the Internal Revenue Service Code.


What is an S corporation?


An entity set up for the purposes of furthering a charitable or public cause.

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An entity set up for the purposes of furthering a charitable or public cause.


What is a non-profit organization?


The normal balance of an asset account.

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The normal balance of an asset account.


What is a debit?


The normal balance of a liability account.

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The normal balance of a liability account.


What is a credit?


The normal balance of accumulated depreciation.

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The normal balance of accumulated depreciation.


What is a credit?


The normal balance of Owner's Equity.

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The normal balance of Owner's Equity.


What is a credit?


The normal balance of the drawing account.

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The normal balance of the drawing account.


What is a debit?


The journal entry debit and credit to record to following entry:  A check is received from a customer to pay on account. 

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The journal entry debit and credit to record to following entry:  A check is received from a customer to pay on account. 


Wlhat is

Debit Cash

Credit Accounts Receivable


The journal entry to record:

An invoice is received from PSO for the monthly utility bill.

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The journal entry to record:

An invoice is received from PSO for the monthly utility bill.


What is

Debit utility expense

Credit accounts payable


The journal entry to record the following transaction:

A check is written to pay the amount owed to Office Depot on account.

View Answer

The journal entry to record the following transaction:

A check is written to pay the amount owed to Office Depot on account.


What is

Debit Accounts Payable

Credit Cash


The journal entry to record the transaction:

The owner contributes more money to the busiess.

View Answer

The journal entry to record the transaction:

The owner contributes more money to the busiess.


What is

Debit cash

Credit Owner's Equity


The journal entry to record the following transaction:

The company made a payment on a note payable for $500.  $100 was interest expense. 

View Answer

The journal entry to record the following transaction:

The company made a payment on a note payable for $500.  $100 was interest expense. 


What is

Debit Notes Payable $400

Debit Interest Expense $100


The book of original entry

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The book of original entry


General journal.


Transferring data from a journal to a ledger.

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Transferring data from a journal to a ledger.


What is posting?


A chain of references tht makes it possible to trace information, locate errors and prevent fraud.

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A chain of references tht makes it possible to trace information, locate errors and prevent fraud.


What is an audit trail?


A journal entry made to correct an erroneous entry.

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A journal entry made to correct an erroneous entry.


What is a correcting entry?


The steps of the accounting cycle.

View Answer

The steps of the accounting cycle.


What is:

Analyze transactions

Journalize transactions

Post transactions





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