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Accounting Jeopardy Chapters 1-3

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Page 1: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

AccountingJeopardy

Chapters 1-3

Page 2: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

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Concepts Terms

Debits &

CreditsJournalizing

AcctClassifications

Chapter Questions

Page 3: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

100 Question

A

Business transactions are stated in numbers that have common values..

Page 4: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

100 AnswerWhat is Unit of Measurement?

Page 5: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

200 Question

A

Financial statements are prepared with the expectation that a business will remain in operation indefinitely.

Page 6: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

200 AnswerWhat is Going Concern?

Page 7: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

300 Question

A

Changes in financial information are reported for a specific period of time in the form of financial statements.

Page 8: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

300 AnswerWhat is Accounting Period Cycle?

Page 9: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

400 Question

A

The same accounting procedures are followed in the same way in each accounting period.

Page 10: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

400 AnswerWhat is Consistent Reporting

Page 11: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

500 Question

A

Financial information is recorded and reported separately from the owner’s personal financial information.

Page 12: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

500 AnswerWhat is Business Entity?

Page 13: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

100 Question

A

Anything of value that is owned.

Page 14: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

100 AnswerWhat are Assets?

Page 15: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

200 Question

A

The account used to summarize the owner’s equity in a business.

Page 16: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

200 AnswerWhat is Capital?

Page 17: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

300 Question

A

An amount owed by a business.

Page 18: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

300 AnswerWhat are liabilities?

Page 19: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

400 Question

A

The financial rights to the assets of a business.

Page 20: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

400 AnswerWhat are equities?

Page 21: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

500 Question

A

The side of the account that is increased.

Page 22: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

500 AnswerWhat is Normal Balance Side?

Page 23: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

100 Question

A

An amount recorded on the left side of a T-Account.

Page 24: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

100 AnswerWhat is a debit?

Page 25: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

200 Question

A

Assets have these as a normal balance.

Page 26: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

200 AnswerWhat is a debit?

Page 27: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

300 Question

A

Received cash from owner as an investment.

Page 28: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

300 AnswerWhat is debit cash and credit O/E?

Page 29: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

400 Question

A

Paid cash for insurance.

Page 30: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

400 AnswerWhat debit Prepaid Insurance and credit Cash?

Page 31: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

500 Question

A

Bought supplies on account from Ling Music.

Page 32: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

500 AnswerWhat is debit Supplies and credit Accounts Payable/Ling Music?

Page 33: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

100 Question

A

Paid cash for supplies.

Page 34: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

100 AnswerWhat is debit supplies and credit cash?

Page 35: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

200 Question

A

Paid cash on account to Ling Music.

Page 36: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

200 AnswerWhat is debit Accounts Payable/Ling Music and credit Cash?

Page 37: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

300 Question

A

Received cash from sales.

Page 38: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

300 AnswerWhat is debit cash and credit sales?

Page 39: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

400 Question

A

Sold services on account to Kids Time.

Page 40: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

400 AnswerWhat is debit Accts Receivable and credit sales?

Page 41: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

500 Question

A

Paid cash to owner for personal use.

Page 42: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

500 AnswerWhat is debit owner’s capital and credit cash?

Page 43: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

100 Question

A

Normal balance of Cash.

Page 44: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

100 AnswerWhat is a debit?

Page 45: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

200 Question

A

Normal balance of any liability account.

Page 46: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

200 AnswerWhat is a credit?

Page 47: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

300 Question

A

The classification of Accts. Receivable.

Page 48: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

300 AnswerWhat is an asset?

Page 49: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

400 Question

A

The account balance of sales.

Page 50: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

400 AnswerWhat is a credit balance?

Page 51: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

500 Question

A

The classification of accts. payable.

Page 52: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

500 AnswerWhat is a liability?

Page 53: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

100 Question

A

What two accounts are affected when a business receives cash from sales.

Page 54: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

100 AnswerWhat are cash debits and sales credit?

Page 55: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

200 Question

A

What two accounts are affected when services are sold on account?

Page 56: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

200 AnswerWhat are Sales credit and Accts. Receivable debit?

Page 57: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

300 Question

A

The three-line heading on the top of the balance sheet.

Page 58: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

300 AnswerWhat is name of business/name of report/date?

Page 59: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

400 Question

A

I make up the three sections of a balance sheet.

Page 60: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

400 AnswerWhat are assets/liabilities and O/E?

Page 61: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

500 Question

A

These are the four questions used to analyze a transaction.

Page 62: Accounting Jeopardy Chapters 1-3. Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200

500 AnswerWhat are:1. Which accts are affected?2. How is each account classified?3. How is each classification changed?4. How is each amount entered in the accounts?


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$500 $500 $400 $400 $300 $300 $200 $200 $100 $100 $500 $500 $400 $400 $300 $300 $200 $200 $100 $100 $500 $500 $400 $400 $300 $300 $200 $200 $100 $100

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100 200 400 300 400 onetwothreefour 300 200 400 200 100 500 100

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PlantsCrittersFind NemoInvertGardens 100 200 300 400 100 200 300 400 200 300 400 200 300 400 100

ConceptsSoundsMixTypes 100 200 400 300 400 300 200 400 200 100 500 100

EarthquakesReview $100 $100 $200 $200 $300 $300 $400 $400 $500 $500 $100 $100 $200 $200 $300 $300 $400 $400 $500 $500 $100 $100 $200 $200 $300 $300 $400

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$ 200 200 $ 300 300 $ 400 400 $ 500 500 $ 100 $ 200 200 $ 300 300 $ 400 400 $ 500 500 $ 100 100 $ 200 200 $ 300 300 $ 400 400 $ 500 500 $ 100 100 $ 200

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100 200 400 300 400 OrangeGreenAquaBlue 300 200 400 200 100 500 100

$100 $400 $300$200$400 $200$100$100$400 $200$200$500 $500$300 $200$500 $100$300$100$300 $500$300$400$400$500

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100 200 400 300 400 1.11.21.3stats 300 200 400 200 100 500 100

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100 200 400 300 400 GeographyCivicsEconomicsHistory 300 200 400 200 100 500 100

JEOPARDY Reconstruction Categories 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400

100 200 300 400 100 200 300 400 100 200 300 400 100 200 300 400 Final Jeopardy! * 100 200 300 400

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