flash cards debits/credits drill & practice for principles of financial accounting © susan m....
TRANSCRIPT
![Page 1: Flash Cards Debits/Credits Drill & Practice for Principles of Financial Accounting © Susan M. Moncada, Ph.D., CPA, Indiana State University 2010 1](https://reader035.vdocuments.net/reader035/viewer/2022062619/551758ed5503460e6e8b46f8/html5/thumbnails/1.jpg)
Flash Cards
Debits/Credits Drill & Practice for Principles of
Financial Accounting
© Susan M. Moncada, Ph.D., CPA, Indiana State University 2010
1
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How to Use the Flashcards
1. Launch the PowerPoint presentation.
2. Click on a Card’s hyperlink label.
3. Click on the Debit or Credit Button
4. Click the Return button on the Feedback Screens
5. Caution: Clicking on areas of the screen other than areas specified will cause the drill and practice activity to malfunction.
6. Note: To repeat the activity, the file will need to be closed and re-opened.
7. Feedback based on EARLS acronym.2
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CARD 1 CARD 2 CARD 3 CARD 4 CARD 5
CARD 6 CARD 7 CARD 8 CARD 9 CARD 10
CARD 11 CARD 12 CARD 13 CARD 14 CARD 15
CARD 16 CARD 17 CARD 18 CARD 19 CARD 20
CARD 21 CARD 22 CARD 23 CARD 24 CARD 25
Select a Flash Card
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CARD 1
To increase Equipment...
Debit
Credit
4
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CARD 6
To decrease Accounts Payable.
Debit
Credit
5
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CARD 11
To increase Commissions Revenue.
Debit
Credit
6
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CARD 16
To increase Common Stock…
CreditDebit
7
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CARD 21
To increase Dividends ….
Debit Credit
8
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CARD 2
To increase Notes Payable…
Debit Credit
9
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CARD 7
To decrease Retained Earnings…
Debit Credit
10
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CARD 12
To increase Prepaid Insurance Expense…
Debit Credit
11
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CARD 17
To increase Accumulated Depreciation
Debit Credit
12
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CARD 22
To decrease Accounts Receivable…
Debit Credit
13
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CARD 3
To decrease Unearned Consulting Revenue
Debit Credit
14
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CARD 8
To decrease Supplies Inventory…
Debit Credit
15
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CARD 13
To increase Utilities Expense…
Debit Credit
16
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CARD 18
To increase Patents…
Debit Credit
17
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CARD 23
To decrease Cash …
Debit Credit
18
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CARD 4
To increase Short Term Investments
Debit Credit
19
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CARD 9
To increase LAND…
Debit Credit
20
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CARD 14
To increase Retained Earnings …
Debit Credit
21
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CARD 19
To decrease Accumulated Depreciation
Debit Credit
22
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CARD 24
To increase Merchandise Inventory
Debit Credit
23
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CARD 5
To decrease Marketable Securities …
Debit Credit
24
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CARD 10
To decrease Prepaid Rent Expense
Debit Credit
25
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CARD 15
To increase Sales …
Debit Credit
26
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CARD 20
To decrease Wages Payable …
Debit Credit
27
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CARD 25
To decrease Delivery Vehicles ...
Debit Credit
28
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Positive Feedback
29
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NegFeed1
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
CARD 1 FEEDBACK:
30
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NegFeed6
R L S Revenues Liabilities Stockholder Equity
The normal balance for Revenues, Liabilities and Stockholders’ Equity is a Credit
CARD 6 FEEDBACK:
31
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NegFeed11
R L S Revenues Liabilities Stockholder Equity
The normal balance for Revenues, Liabilities and Stockholders’ Equity is a Credit
CARD 11 FEEDBACK:
32
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NegFeed16
R L S Revenues Liabilities Stockholder Equity
The normal balance for Revenues, Liabilities and Stockholders’ Equity is a Credit
CARD 16 FEEDBACK:
33
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NegFed21
Remember Dividends is a Contra Equity Account
The normal balance for Revenues, Liabilities and Stockholders’ Equity is a Credit
CARD 21 FEEDBACK:
34
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NegFeed2
R L S Revenues Liabilities Stockholder Equity
The normal balance for Revenues, Liabilities and Stockholders’ Equity is a Credit
CARD 2 FEEDBACK:
35
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NegFed7
R L S Revenues Liabilities Stockholder Equity
The normal balance for Revenues, Liabilities and Stockholders’ Equity is a Credit
CARD 7 FEEDBACK:
36
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NegFeed12
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
CARD 12 FEEDBACK:
37
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NegFeed17
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
CARD 17 FEEDBACK:
38
Remember Accumulated Depreciation is a contra account.
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NegFeed22
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
CARD 22 FEEDBACK:
39
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NegFeed3
R L S Revenues Liabilities Stockholder Equity
The normal balance for Revenues, Liabilities and Stockholders’ Equity is a Credit
CARD 3 FEEDBACK:
40
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NegFeed8
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
CARD 8 FEEDBACK:
41
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NegFeed13
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
CARD 13 FEEDBACK:
42
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NegFeed18
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
CARD 18 FEEDBACK:
43
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NegFeed23
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
CARD 23 FEEDBACK:
44
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NegFeed4
CARD 4 FEEDBACK:
45
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
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NegFeed9
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
CARD 9 FEEDBACK:
46
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NegFeed14
R L S Revenues Liabilities Stockholder Equity
The normal balance for Revenues, Liabilities and Stockholders’ Equity is a Credit
CARD 14 FEEDBACK:
47
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NegFeed19
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
CARD 19 FEEDBACK:
48
Remember Accumulated Depreciation is a contra account.
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NegFeed24
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
CARD 24 FEEDBACK:
49
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NegFeed5
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
CARD 5 FEEDBACK:
50
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NegFeed10
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
CARD 10 FEEDBACK:
51
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NegFeed15
R L S Revenues Liabilities Stockholder Equity
The normal balance for Revenues, Liabilities and Stockholders’ Equity is a Credit
CARD 15 FEEDBACK:
52
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NegFeed20
CARD 20 FEEDBACK:
53
R L S Revenues Liabilities Stockholder Equity
The normal balance for Revenues, Liabilities and Stockholders’ Equity is a Credit
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NegFeed25
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
CARD 25 FEEDBACK:
54