Debit and Credit - Accounting Game 1.0
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Paid Version
Publisher Description
Learn Accounting with Apps - Fully Unlocked Version - available in the App Store, Just Search: Accounting App Bundle, by, Accounting Play
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: http://www.AccountingPlay.com
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.
Nov 25, 2015
Version 1.0
This app has been updated by Apple to display the Apple Watch app icon.
About Debit and Credit - Accounting Game
Debit and Credit - Accounting Game is a paid app for iOS published in the Kids list of apps, part of Education.
The company that develops Debit and Credit - Accounting Game is TSAPlay, LLC. The latest version released by its developer is 1.0.
To install Debit and Credit - Accounting Game on your iOS device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2015-11-25 and was downloaded 38 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the Debit and Credit - Accounting Game as malware if the download link is broken.
How to install Debit and Credit - Accounting Game on your iOS device:
- Click on the Continue To App button on our website. This will redirect you to the App Store.
- Once the Debit and Credit - Accounting Game is shown in the iTunes listing of your iOS device, you can start its download and installation. Tap on the GET button to the right of the app to start downloading it.
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- After Debit and Credit - Accounting Game is downloaded, you'll see an INSTALL button to the right. Tap on it to start the actual installation of the iOS app.
- Once installation is finished you can tap on the OPEN button to start it. Its icon will also be added to your device home screen.
