Transaction
You will be given a Transaction.
To score a point, correctly show the impact of this Transaction on the Accounting Equation.
Get as many Transactions correct as you can in 60 seconds. Each Transaction you get correct puts 10 seconds back on the timer.
Pick a level to play:
Year 11: Sales of Services (no Cost of Sales), transaction DON'T have the GST
Chapter 2: Sales of Inventory/Goods (with Cost of Sales), transaction DON'T have the GST
Chapter 3-4: Sales of Inventory/Goods (with Cost of Sales), transaction HAVE the GST
Chapter 5-6: Level 3 plus Discount Expenses, Sales Returns, Discount Revenues, Purchase Returns.
Chapter 7: Level 4 plus Other Transactions.
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