Ch2 Double entry system

Activity

Tasks

Task 1. Classify accounts

• Group of 3 – 4 students• Time limit ： 1 min• Marks will be awarded to the group

who answers all CORRECT!

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Task 1. Classify accountsAccounts Types Accounts Types

1. Bank loans 2. Machinery

3. Equipment 4. Furniture

5. Cash in hand 6. Bank

7. Loan from M. Ma 8. Motor car

9. Premise 10. Inventory

11

.

Creditor 12. Debtor

Liabilities

Liabilities

Liabilities

Assets

Assets

Assets

Assets

Assets

Assets

Assets

Assets

Assets

Task 2. Proof readingGroup activity

Task 2. Proof reading• Indicate the mistakes and write down the correct

answers. • Time limit ： 10 mins

Round-up• Each transaction must affect at least _______ accounts.• Every debit entry must have a corresponding ________

entry.• The accounting equation is always _________.• Checking: _________, ___________,

______________

two

credit

balanced

Date Amount

Dollar sign ($)