Debits and Credits Lesson Featuring the Accounting Play

Debits and Credits Lesson Featuring the Accounting Play Debits & Credits App

Download the App 1. Open the App Store on your i. OS device or Google Play on your Android device 2. Search “debits & credits” 3. Download the Debits & Credits app (it’s free!)

Learn Debits & Credits 1. Once you have the app, open it 2. From the home screen, tap Learn 3. The Learn feature will teach you how different accounts move (increase/decrease) with debits and credits 4. As the app tells you an account type increases or decreases with a debit or credit, tap the debit or credit coin to move to the next account type

Configuring Debits & Credits 1. From the home screen, choose the following: a. Toggle the timer on and off b. Choose the number of T-accounts to include in the game c. Select the difficulty level a b c

Playing Debits & Credits 1. Now that you know about debits and credits and have configured the app, it’s time to play 2. Tap Play from the home screen to get started 3. Choose the correct transaction (debit or credit) for the account and direction (increase/decrease) combination listed a. Example: If Account = Asset and Direction = Increase, choose Debit 4. Choose as many correct transactions as possible before time runs out!

Subscribe to Accounting Play Looking for more accounting knowledge? Subscribe to our resources and receive a FREE accounting cheat sheet and Debits & Credits book! To subscribe: ● In the app: ○ ○ ● From the home screen, go to settings (gear icon) Tap Signup in the bottom left corner and provide your email On our website ○ ○ Navigate to www. accountingplay. com Click Join Now for Free on the homepage and provide your email

Accounting Cheat Sheet: Core Principals Get all of the basics in a compact, easy to digest format! ● ● ● T-accounts Accounting equation Basic account debit and credit (increase and decrease) behavior Summarized vocab and terminology defined Sample financial statements with explanations

Debits & Credits Book: Detailed Reference Text Dig deeper with this mini-textbook ● ● ● Introduction to debits and credits concept Explanation of double entry accounting Breakdown of different account types In-depth account increase and decrease explanation, with memorization help Sample journal entries Practice problem set

Additional Apps for Learning Accounting Flashcards: more in-depth financial accounting learning with flashcards, audio, video, and text lessons (plus games!) Accounting Quiz Game: test yourself with nearly 700 unique accounting questions and answers with explanations (Both apps available in the App Store and Google Play)

Learning Debits and Credits

T-Account Increases and Decreases

Sample Journal Entries What to put here?

Debits and Credits Book Preview What to put here?