Students use Monopoly to review the accounting cycle. They create their own transactions while playing Monopoly. Students produce the financial statements that will match the transactions of the game.

Students review general ledgers, introduction of a corporation, and how they are set up. Students review transactions used on a general journal such as: journaling purchase returns and allowances, buying supplies on accounts, then...

Students brainstorm a list of what they believe a customer is. In groups, they practice journaling sales to a customer who pays with cash or with credit. To end the lesson plan, they discover the proper way to prove cash payments at the...

This site gives some general tips that facilitate recording journal entries and avoiding errors.

This site from the University of Massachusetts Lowell presents quiz questions and problems, complete with solutions, that illustrate all facets of plant assets, from their acquisition through their depreciation, including the journal...

This page describes the reasons for setting up a petty cash fund and methods for keeping records and replenishing it. A journal entry is shown as an example.

This site from the University of Massachusetts Lowell presents a series of quiz questions and problems about current liabilities, with an emphasis on notes payable. Solutions and answers are provided and journal entries for various...