Accounting Units & Lessons

In this drag-and-drop activity, students classify financial entries into the correct categories on an income statement or balance sheet. They will drag entries such as revenues, expenses, assets, liabilities, and owner's equity to the appropriate section. This interactive exercise reinforces their understanding of financial statements.

Join Sarah as she manages her new bookstore, "Sarah's Book Nook." In this worksheet, students will help Sarah ensure her books are balanced by recording her January transactions and preparing a trial balance. By examining the ledger accounts and filling out the trial balance table, students will practice their accounting skills and ensure that Sarah's business finances are accurately tracked.

This is an auto-graded, interactive multi-column journal worksheet! Students record transactions for a retail store, balancing debits and credits. Features randomization for different sets of transaction amounts for each student.

In this activity, students will learn to create ledgers from journal entries. They will identify impacted accounts, post entries accurately, and maintain balances, preparing for comprehensive financial statements.

In this activity, students will learn to record financial transactions in a journal for Alex's business, "Sunny Snacks." They will practice identifying, classifying, and documenting entries accurately.

In this activity, students will categorize 11 accounts by dragging and dropping them into one of five account types: assets, liabilities, equity, expenses, and revenue. Additionally, they will define the meaning of debit and credit for each account type, reinforcing their understanding of the fundamental accounting principles.

This worksheet introduces students to the 8-column worksheet, a vital tool in accounting for creating adjusting entries, and preparing financial statements.

In this worksheet, students will analyze 12 business transactions for Alex's Auto Detailing. Their task is to identify the accounts impacted by each transaction from a provided list of 11 possible accounts. This activity helps students understand how different transactions affect a business's financial records.

In this activity, students will work with 12 transactions from Alex's Auto Detailing business and create T-accounts for 11 accounts involved. Each student receives a unique set of transaction amounts, ensuring independent work and preventing answer copying. The worksheet is auto-graded, providing instant feedback, and helps students practice tracking debits and credits in T-accounts.

In this activity, students will help Alex manage his auto detailing business by journalizing 12 transactions from the first month of operations. Each student receives a unique set of random transaction amounts, ensuring independent work. The worksheet is auto-graded, providing instant feedback.

Students will post 14 journal entries from Alex’s Auto Detailing business to the appropriate ledger accounts. Each student receives randomized transaction amounts, ensuring unique entries. The worksheet is auto-graded and provides a computerized accounting software-like experience with immediate validation, helping students learn to accurately post debits and credits in the ledger.

In this activity, students will create a trial balance for Alex's Auto Detailing business by reviewing 13 ledgers with random transaction amounts. They will calculate the total debits and credits, then enter the balances into a trial balance table. The worksheet is auto-graded, providing instant feedback on their accuracy.

In this worksheet, students will be provided with the trial balance and income statement for Alex's Auto Detailing, each with random transaction amounts. Their task is to use this information to prepare a balance sheet, listing all assets, liabilities, and equity. This activity helps students practice building a balance sheet and understanding the financial position of a business.

In this worksheet, students will use a trial balance with random amounts to create an income statement for Alex's Auto Detailing. Their goal is to determine if the business was profitable during the period.

In this worksheet, students will help Alex's Auto Detailing business by preparing closing entries and creating a post-closing trial balance. Using the provided trial balance, students will close out temporary accounts and ensure that the post-closing trial balance reflects only permanent accounts.