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Debit and Credit - Accounting Game

Education & Books
Last Update
May 30, 2021
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What is Debit and Credit in Accounting? Learn here with the fully unlocked version of Accounting Play - Debits & Credits. Get all T-Accounts, unlimited time, and unlimited play. Students: crush your accounting exams Bookkeepers: learn how to directly adjust the general ledger Entrepreneurs: understand your books Check out the study section and subscribe for great free resources, including a video course with printouts to help you practice. Accounting Play Paid teaches the accounting equation with an iPhone & iPad game. Use Debit and Credit coins to learn, study, basic accounting and training. Play against the world as you learn. Study materials to learn the equation, debits & credits, journal entries, and accounting theory is included for free. Whether you are studying for the CPA exam or taking your first accounting course, Accounting Play will help you learn in a fast and fun way. More at: Debits and credits form the foundation of the accounting system. The mechanics of the system can be tough to get a first, but the game makes it much easier! Once understood, you will be able to properly classify and enter transactions. These entries makeup the data used to prepare financial statements such as the balance sheet and income statement. Every accounting transaction involves at least one debit and one credit. The sum of debits and the sum of credits for each transaction and the total of all transactions are always equal. A list of all transactions appears in the general ledger. Debits are always presented before credits. The double entry system categorizes transactions using five account types: Assets, liabilities, equity, income, and expense. The same account may also be used in a two-part transaction if there is an increase and a decrease of the same category. Assets, liabilities, and equity make up the balance sheet and form the equation: A = L + E. Revenue and expenses make up the income statement and can generally be expressed as Revenue – Expenses = Income or Loss. To help visually represent debit and credit entries, a T-account may be used. This is visually represented in Accounting Game – Debits and Credits as a big green T. The left side of the T-account is a debit and the right side is a credit. Actual debit and credit transactions will be recorded in the general ledger, which accumulates all of the transactions, by account. T-accounts help both students and professionals understand accounting adjustments, which are then made with journal entries. Journal entries are the mechanism of how accounting transactions are entered. Every journal entry has debits which = credits. Because accounting software replaces the need for journal entries to record transactions as they happen, adjusting journal entries are commonplace to adjust the accounting record. Each transaction in accounting software has a debit and credit side, but the user can be unaware of this as the transaction is made most often in a graphically friendly way, such as entering a check in a register and assigning it an account. Adjusting journal entries are generally made to correct mistakes and make non-cash adjustments, such as depreciation. Debits and Credits Game is designed to challenge and teach common accounting transactions in a visually entertaining and engaging way.

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Jan 25, 2016

I am both a tax and accounting teacher when not working at a CPA firm. This is a tremendous resource for my class. Debits and Credits requires practice and memorization. I like that this gets at least part of the practice off my plate to save valuable class time. Also got a link emailed to me with the pdf book which has good printable worksheets.

Dec 01, 2015

This game makes learning accounting fun! The content is extremely comprehensive, definitely worth the money! Looking forward to even more creative game-plays!

Jan 21, 2016

I'm learning how to use quickbooks and this app has been massively useful. If you're learning accounting, this app will make your life way easier.

Jan 28, 2016

Went to the University of Chicago, but somehow missed the debits and credits concept. as a small business owner this really helped me with journal entries.

Nov 25, 2015

Nice to get in there and practice the ol' Debits and Credits a while. Highly recommend for students and any bookkeepers looking to sharpen skills.

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About Debit and Credit - Accounting Game

Developed by TSAPlay, LLC.

Debit and Credit - Accounting Game is ranking in   Education & Books

Last update was at May 30, 2021and the current version is 1.0.

To see all other keys and revenue click here 1048041019

Debit and Credit - Accounting Game have a 7a user reviews.

Debit and Credit - Accounting Game was released in the App Store. It is developed by TSAPlay, LLC, who have also released the following apps.

Debit and Credit - Accounting Game has 7 user reviews.​

Debit and Credit - Accounting Game has an average rating of 4.0. ​The latest version of Debit and Credit - Accounting Game 1.0​ ​​was ​released on May 30, 2021​.

You can download Debit and Credit - Accounting Game ​here

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