Identifying Accounts in Business Transactions

(4.0 ★,
83 Students)
Price per Classroom
$2.00
Topics
Duration
15 Minutes
Auto-Graded?
Yes

Activity Description

In this worksheet, students will step into the role of an accountant for Alex's Auto Detailing, a service-based business. They are provided with 12 real-world business transactions and must analyze each one to determine which accounts are impacted. This practical exercise helps students develop a deeper understanding of accounting principles by directly connecting transactions to the accounts they affect.

What students will do:

  • Analyze 12 business transactions for Alex's Auto Detailing.
  • Identify which of the 11 provided accounts are affected by each transaction - drag and drop.

Key Learning Outcomes:

  • Gain experience in identifying relevant accounts (e.g., Cash, Accounts Receivable, Equipment, Revenue, etc.).
  • Strengthen skills in analyzing and categorizing transactions within a service business framework.

Included Accounts:

  • Cash
  • Accounts Receivable
  • Accounts Payable
  • Equipment
  • Service Revenue
  • Rent Expense
  • Advertising Expense
  • Wages Expense
  • Supplies Expense
  • Owner’s Equity
  • Owner’s Withdrawals


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).
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Price per Classroom
$2.00
Topics
Duration
15 Minutes
Auto-Graded?
Yes
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