For Android: 4.4 and up | Guide: ACCOUNTING GAME: Learn DEBIT CREDIT Accounting app cheats tutorial |
When updated: 2020-12-12 | Star Rating: 5 |
Name: ACCOUNTING GAME: Learn DEBIT CREDIT Accounting app hack for android | Extension: Apk |
Author: Innovating.in | File Name: com.jkhan.accounting |
Current Version: 0.4 | User Rating: Everyone |
Downloads: 100-182 | Version: mod, apk, unlock |
System: Android | Type: Education |
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Accounting Mini game: Learn Debit Credit accounting apk, is developed by us to assist students memorise and understand the very primary concepts of Accounting. It can be difficult and frustrating for young students to form a firm grasp of primary accounting and pass journal entries without understanding whether to debit something or credit it. As we all know that passing a journal entry is merely an interpretation of the accounting formula which is: Equity + Liability = Assets The above Accounting equation is nothing but: Amount borrowed = amount utilised Equity: The amount that is borrowed from the owners’ of the business. Liabilities: The amount that is borrowed from outside lenders. Assets: all the properties and resources owned by a business. Amount borrowed from owners and lenders are utilised for purchasing different assets such as building, plants, land, furnitures etc. Revised accounting equation after considering incomes and expenses Equity + Liability + Income = Assets + Expenses You can see accounting equation in the form of balance sheet. As accountants, you have to ensure that the equation is in balance all the time. All the ledger accounts in the business can be classified under these five accounts- asset, liability, equity, incomes, expenses. You can visualise the ledger accounts in the form of “T” acc. Journal entry: Increase or decrease in accounts are recorded in debit or credit sides of acc. Journal entries are a systematic method to record these changes in ledger accounts. Debit: left hand side of ledger accounts. Credit: right hand side of ledger accounts. Whether to record an amount in the debit side or credit side of an acc depends on the below accounting rule based on accounting equation: (Equity + Liabilities + Income) = (Assets + Expenses) Think of two sides of equation as two groups. Rule for left hand side group: Equity, Liability and Income accounts: Increase is recorded as Credit and decrease is recorded as Debit. Rule for right hand side group: Asset and Expenses accounts: Increase is recorded as Debit and Decrease is recorded as Credit. How can we assist you to master the skills of identifying debit and credit? Reply is accounting missiles game. Accounting Mini game: Learn Debit Credit accounting apk, is a fun method master fundamentals of debit and credit. In this Mini game you will defeat place by destroying another opponent ships, but launching a missile just in time would depend on your primary accounting knowledge as if you give a wrong reply the missile will not destroy the opponent and in return opponent spacecraft will destroy your ship. Features of Accounting Mini game: Gratis primary accounting game: • User-friendly interface • Neat and clean simple controls • High quality graphics • With sound effects • Fun method to learn primary accounting • Memorize all debit/credit rules There are 3 levels in the accounting game: EASY: this level contains only five broad accounts. Practice this level receive a firm grasp of accounting equation. Accounts include • Asset • Liability • Equity or Capital • Income • Expense MODERATE: this level contains a lot of easy accounts. Practice this level to apply your knowledge of accounting equation. Accounts contain but not limited to: • Cash • Bank • Revenue/ sales • Purchases • Inventory • Accounts receivable/ debtors • Accounts payable/ creditors • Investment • Loan • Tax and a lot of more. HARD: this level has difficult accounts. Practice this level to sharpen your knowledge of accounting equation. Accounts contain but not limited to: • Accumulated Depreciation • Deferred sales • Deferred Tax asset/ liability • Unbilled receivables • Prepaid/ outstanding accounts • Working capital • Accruals and a lot of more. Please Download Accounting Mini game: Learn Debit Credit accounting apk, Share it with your mates and family and remember to give us your feedback regarding this good educational mini game. If you have any queries and recommendation please do not hesitate from writing to us.
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