Financial Transactions: Mastering Debits and Credits

(40 Students)
Price per Classroom
$2.00
Topics
Business,Economics,CTE
Duration
15 Minutes
Auto-Graded?
Yes

Activity Description

In this interactive activity, students will develop their understanding of accounting principles by categorizing transactions as debits or credits. They will be presented with a set of transactions related to a fictional company and their task will be to accurately classify each transaction.

Students will carefully read and analyze each transaction, considering the impact on the company's financial accounts. They will then determine whether the transaction should be categorized as a debit or credit entry.

To facilitate the activity, students will be provided with a worksheet containing a table where they can list and categorize the transactions. They will categorize each transaction as either a debit or credit entry by dragging and dropping the transaction into the respective column.

This activity provides an engaging and hands-on experience for students to further their understanding of debits and credits in accounting, preparing them for more advanced financial concepts and applications in the future.

Learning Objective

The learning objectives of this activity are:

  1. To develop an understanding of personal finance by recognizing and categorizing different expenses and incomes within their family.
  2. To gain practical experience in tracking and organizing financial transactions.
  3. To analyze and interpret financial data, such as calculating totals, identifying patterns, and drawing conclusions.
  4. To promote financial literacy and responsible decision-making regarding personal finances.

Teacher Tips

Included with the activity, you can view the tips to clarify student's doubts or to evaluate answers (for a teacher scored worksheet).
No data was found
Price per Classroom
$2.00
Topics
Business,Economics,CTE
Duration
15 Minutes
Auto-Graded?
Yes
Scroll to Top
Assign worksheet without account

Assign Worksheets Without an Account

Assign worksheet with account

Assign Worksheets With a Free Account

What Does "Per Classroom" Mean?

When you purchase a lab per classroom, the license allows you to use the lab with a single classroom of up to 40 students.

This means:

  • The price listed is for one classroom of up to 40 students.
  • For larger classrooms or multiple classrooms, additional licenses will be required.
Quality Education

At ActiveLearningLabs, we are a self-funded team passionate about providing high-quality, interactive education at an accessible price. Our goal is to ensure that teachers and students have access to engaging and practical learning experiences without breaking the budget.

If you have any questions about licensing or need assistance, feel free to contact us.