Accounting Jeopardy 1 Jeopardy Template

Financial Definitions	Types of Depreciation	Items on Income Statement	Items on Balance Sheet	Financial Ratios
100 What is money paid for employee services? Salary	100 What is charging an equal amount of depreciation expense for a plant asset in each year of useful life? Straight Line	100 What is the summary of all items sold? Sales	100 What are currency, coins, bank accounts, and undeposited checks examples of? Cash	100 What are total current assets divided by total current liabilities to equal what ratio? Current
200 What is a note that is not paid when due? Dishonored Note	200 What is multiplying the book value at the end of each fiscal period by a constant depreciation rate? Double Declining Balance	200 What is sales minus cost of goods sold equal? Gross profit	200 What are cash, inventory, or anything that will be turned into cash within one year? Current Assets	200 What are total quick assets divided by total current liabilities equals which ratio? Acid Test
300 What is rate found by dividing net income after fed income tax by net sales? Rate earned on net sales	300 What is using fractions based on the number of years of a plant assets useful life? Sum of the years digits	300 What are advertising expense and salary expense - sales included in? Selling Expense	300 What are summary of all assets owned by a company? Total Assets	300 What are total liabilities divided by total assets to equal which ratio? Debt
400 What is value of a business in excess of the total investment of owners? Goodwill	400 What is calculating estimated annual depreciation expense based on the amount of production expected from a plant asset? Production unit	400 What is gross profit on operations minus total operating expenses? Net income from operations	400 What is assets minus liabilities equal? Owners Equity	400 What is total stockholders equity divided by total assets equal which ratio? Equity
500 What is cash received from the sale of assets during liquidation of a partnership? Realization	500 WHat is the decrease in the value of a plant asset because of the removal of a natural resource? Depletion	500 What is the sum of all revenues minus all losts? Net Income	500 Total assets equals the combination of these 2 items Total Liabilities & stockholders equity	500 What is market price per share divided by earnings per share to equal which ratio? Price Earnings

Accounting Jeopardy

Press F11 for full screen mode