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Why Choose Our Accounting Labs?
Our accounting labs focus on providing an immersive learning experience by simulating real-life business scenarios. Teachers can choose individual labs, worksheets or bundle them together for a complete accounting curriculum.
- Real-World Simulations
- Step-by-Step Accounting Cycle
- Fully Interactive and Auto-Graded
- Randomized Data for Every Student (Optional)
- Flexible and Modular
Real-World Simulations
Students manage a fictional business, such as, Alex’s Auto Detailing, where they handle everything from journal entries to preparing income statements. This real-world context makes learning accounting relevant and practical.
Step-by-Step Accounting Cycle
Our labs cover the entire accounting cycle. Each lab guides students through a specific process, including:
- Recording transactions
- Creating journal entries
- Posting to the general ledger
- Preparing a trial balance
- Adjusting entries
- Financial statements
- Making closing entries
Randomized Data for Every Student
To encourage independent thinking and prevent copying, teacher can optionally choose "Randomized Mode". In this mode every student receives a unique set of transaction amounts. This randomization ensures that each student must work through the problems on their own.
Fully Interactive and Auto-Graded
Each lab is interactive and automatically graded. Students receive instant feedback, allowing them to learn from their mistakes and improve their accounting skills. Teachers can monitor student progress in real time.
View Accounting CoursesAccounting - Labs & Activities
Alex’s Auto Detailing: Double-Entry Accounting
Alex's Accounting Lab guides students through the accounting cycle, from recording transactions to preparing financial statements. Students help Alex manage his auto detailing business by learning double-entry accounting, adjusting entries, and closing entries. This interactive lab makes accounting concepts practical and easy to understand for students.
Lily's Lawn Care: Double-Entry Accounting
This is an interactive, practical lab where students do accounting for a lawn care business. They’ll create journal entries, ledgers, trial balances, adjusting entries, financial statements, and closing entries. This hands-on lab gives students real-world accounting experience in a simulated business environment.
Fiscal Feast: Restaurant Accounting
Students will act as the junior accountant of the restaurant chain Flavor Frenzy. Their task is to analyze the income statement of the three locations of the restaurant. Then they will aggregate the calculations, find the taxable income, and calculate the total corporate tax to be paid.
Worksheets
ActiveLearningLabs
$20.00 /Classroom
Alex's Auto Detailing: Accounting Worksheets Bundle
The Alex’s Auto Detailing Accounting Bundle includes 9 interactive worksheets, guiding students through key accounting concepts like journal entries, ledgers, trial balances, income statements, and closing entries. Each worksheet is independent, features randomized data to prevent copying, and is auto-graded for instant feedback.
Classifying Accounts & Understanding Debits And Credits
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.
- Auto-Graded
$5.00 /Classroom
8-column Worksheet: Adjustments & Statements
This worksheet introduces students to the 8-column worksheet, a vital tool in accounting for creating adjusting entries, and preparing financial statements.
- Random Questions
- Auto-Graded
$2.00 /Classroom
Identifying Accounts In Business Transactions
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.
- Auto-Graded
$4.00 /Classroom
T-account Creation: Alex's Auto Detailing
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.
- Random Questions
- Auto-Graded
$3.00 /Classroom
Journalizing Transactions: Alex’s Auto Detailing
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.
- Random Questions
- Auto-Graded
$4.00 /Classroom
Posting Journal Entries To Ledger
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.
- Random Questions
- Auto-Graded
$3.00 /Classroom
Preparing A Trial Balance: Alex's Auto Detailing
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.
- Random Questions
- Auto-Graded
$2.00 /Classroom
Income Statement From Trial Balance
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.
- Random Questions
- Auto-Graded
$3.00 /Classroom
Balance Sheet For Alex’s Auto Detailing
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.
- Auto-Graded
$3.00 /Classroom
Preparing Closing Entries And Trial Balance
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.
- Random Questions
- Auto-Graded
$2.00 $10.00/Classroom
Transactions To Journal Entries: Sunny Snacks
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.
- Auto-Graded
ActiveLearningLabs
$2.00 $10.00/Classroom
Income Statements Vs. Balance Sheet
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.
- Auto-Graded
ActiveLearningLabs
$2.00 $10.00/Classroom
Sarah's Book Store :Creating Trial Balance
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.
- Auto-Graded
$2.00 $10.00/Classroom
From Journals To Ledgers: Sunny Snacks
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.
- Auto-Graded
ActiveLearningLabs
$20.00 /Classroom
Alex's Auto Detailing: Accounting Worksheets Bundle
The Alex’s Auto Detailing Accounting Bundle includes 9 interactive worksheets, guiding students through key accounting concepts like journal entries, ledgers, trial balances, income statements, and closing entries. Each worksheet is independent, features randomized data to prevent copying, and is auto-graded for instant feedback.
Classifying Accounts & Understanding Debits And Credits
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.
- Auto-Graded
$5.00 /Classroom
8-column Worksheet: Adjustments & Statements
This worksheet introduces students to the 8-column worksheet, a vital tool in accounting for creating adjusting entries, and preparing financial statements.
- Random Questions
- Auto-Graded
$2.00 /Classroom
Identifying Accounts In Business Transactions
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.
- Auto-Graded
$4.00 /Classroom
T-account Creation: Alex's Auto Detailing
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.
- Random Questions
- Auto-Graded
$3.00 /Classroom
Journalizing Transactions: Alex’s Auto Detailing
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.
- Random Questions
- Auto-Graded
$4.00 /Classroom
Posting Journal Entries To Ledger
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.
- Random Questions
- Auto-Graded
$3.00 /Classroom
Preparing A Trial Balance: Alex's Auto Detailing
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.
- Random Questions
- Auto-Graded
$2.00 /Classroom
Income Statement From Trial Balance
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.
- Random Questions
- Auto-Graded
$3.00 /Classroom
Balance Sheet For Alex’s Auto Detailing
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.
- Auto-Graded
$3.00 /Classroom
Preparing Closing Entries And Trial Balance
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.
- Random Questions
- Auto-Graded
$2.00 $10.00/Classroom
Transactions To Journal Entries: Sunny Snacks
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.
- Auto-Graded
ActiveLearningLabs
$2.00 $10.00/Classroom
Income Statements Vs. Balance Sheet
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.
- Auto-Graded
ActiveLearningLabs
$2.00 $10.00/Classroom
Sarah's Book Store :Creating Trial Balance
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.
- Auto-Graded
$2.00 $10.00/Classroom
From Journals To Ledgers: Sunny Snacks
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.
- Auto-Graded
What are Alex's Auto Detailing Worksheets?
9 worksheets of 15
Classifying Accounts & Understanding Debits And Credits
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.
- Auto-Graded
$2.00 /Classroom
Identifying Accounts In Business Transactions
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.
- Auto-Graded
$4.00 /Classroom
T-account Creation: Alex's Auto Detailing
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.
- Random Questions
- Auto-Graded
$3.00 /Classroom
Journalizing Transactions: Alex’s Auto Detailing
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.
- Random Questions
- Auto-Graded
$4.00 /Classroom
Posting Journal Entries To Ledger
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.
- Random Questions
- Auto-Graded
$3.00 /Classroom
Preparing A Trial Balance: Alex's Auto Detailing
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.
- Random Questions
- Auto-Graded
$2.00 /Classroom
Income Statement From Trial Balance
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.
- Random Questions
- Auto-Graded
$3.00 /Classroom
Balance Sheet For Alex’s Auto Detailing
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.
- Auto-Graded
$3.00 /Classroom
Preparing Closing Entries And Trial Balance
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.
- Random Questions
- Auto-Graded
Interactive Activity Bundles
Alex's Auto Detailing: Accounting Worksheets Bundle
The Alex’s Auto Detailing Accounting Bundle includes 9 interactive worksheets, guiding students through key accounting concepts like journal entries, ledgers, trial balances, income statements, and closing entries. Each worksheet is independent, features randomized data to prevent copying, and is auto-graded for instant feedback.