Accounting Equation Essentials

Froggy Jumps

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About this activity

Balance key concepts fast.

Created by

Fatma

United Arab Emirates

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Froggy Jumps Accounting Equation EssentialsOnline version Balance key concepts fast. by Fatma 1 When the owner invests money in the business, which side increases? a Only Assets increase b Liabilities increase c Assets and Owner's Equity increase 2 What happens to the accounting equation if the business buys equipment with cash? a Liabilities increase b Assets remain the same (cash decreases, equipment increases) c Owner's Equity decreases 3 Why must Assets = Liabilities + Owner's Equity stay balanced? a Only assets matter b Cash flow is enough to balance c Every transaction affects both sides to keep balance 4 If the company borrows money from the bank, which accounts will change? a Assets decrease and Equity increases b Cash increases and Liabilities increase c Cash decreases and Liabilities decrease 5 Why is the accounting equation important for tracking activities? a It tracks only cash flow b It shows financial position and ensures accuracy c It predicts profits 6 If the owner contributes more capital from personal funds, what happens? a Only Assets increase b Liabilities increase c Assets and Owner's Equity increase 7 When revenue is earned, which accounts change? a Liabilities decrease b Assets increase and Owner's Equity increases c Only Expenses increase 8 What is the core idea of double-entry bookkeeping? a Every transaction has equal debits and credits b Only assets are recorded c Income and expenses are the same

Froggy Jumps

Accounting Equation EssentialsOnline version

Balance key concepts fast.

by Fatma

When the owner invests money in the business, which side increases?

Only Assets increase

Liabilities increase

Assets and Owner's Equity increase

What happens to the accounting equation if the business buys equipment with cash?

Liabilities increase

Assets remain the same (cash decreases, equipment increases)

Owner's Equity decreases

Why must Assets = Liabilities + Owner's Equity stay balanced?

Only assets matter

Cash flow is enough to balance

Every transaction affects both sides to keep balance

If the company borrows money from the bank, which accounts will change?

Assets decrease and Equity increases

Cash increases and Liabilities increase

Cash decreases and Liabilities decrease

Why is the accounting equation important for tracking activities?

It tracks only cash flow

It shows financial position and ensures accuracy

It predicts profits

If the owner contributes more capital from personal funds, what happens?

Only Assets increase

Liabilities increase

Assets and Owner's Equity increase

When revenue is earned, which accounts change?

Liabilities decrease

Assets increase and Owner's Equity increases

Only Expenses increase

What is the core idea of double-entry bookkeeping?

Every transaction has equal debits and credits

Only assets are recorded

Income and expenses are the same

You can integrate the game into an LMS compatible with LTI 1.1 or LTI 1.3 such as Canvas, Moodle, or Blackboard. This way, the scores will be automatically saved into the platform’s gradebook.

Accounting Equation Essentials

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Accounting Equation EssentialsOnline version

by Fatma

When the owner invests money in the business, which side increases?

What happens to the accounting equation if the business buys equipment with cash?

Why must Assets = Liabilities + Owner's Equity stay balanced?

If the company borrows money from the bank, which accounts will change?

Why is the accounting equation important for tracking activities?

If the owner contributes more capital from personal funds, what happens?

When revenue is earned, which accounts change?

What is the core idea of double-entry bookkeeping?

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