Debit and Credit - Accounting
- 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.
Category : Educational
Reviews (30)
Decent. Says you only get 5 plays (60 seconds each) without paid version, I was able to keep playing after the 5 times though. Not much teaching, you have to already know the debit and credit basics to play. Not worth paying for it in my opinion.
I like the concept but it is really lacking variety. 80% of tasks is double entry of processing and reimbursing an expense!
This app looked good but didnt let me try it for free and didnt want to pay for the full version immediately if I hate it. If people are would be interesting to see how because I couldn't work it out.
You get 5 plays and then you have to buy the full version. Poor interface and bad game. Stay away from it.
If you are fast in answering and understanding the debit and credit information then it's a good app for you 🙂
I loved this game because of its limited time being set and therefore increase my speed and accuracy
Great to learn debits and credits!
i think you should make it free because it is very helpful especially to students like me
This app is soooo stupid. Don't get it ! First u download it then it asks u to get the full version which u have to pay for.
The is showing an error ... Its not opening
please make it free as this helps alot to students of accounting
This is an app i can recommend to everyone
This app helped me to clear the technical round of interview for financial analyst.
It's very good surely helped me out
Wast of time
Played around with a free version: liked it. Decided to get a paid one and loved it. It was super helpful with learning the basics. Highly recommend!
Played for five minutes before it told me I had to upgrade to premium to continue to use it. This is a trial.
I like this but is to short
I think this is great for learning the basics of what accounts interact and how they interact, but it shouldn't be a trial application. It shouldn't be a limited number of tries. This is a cute app and I might be willing to pay $0.99 for it but not $2.99. Since I am now locked out from performing anymore game rounds as soon as I submit this comment I will be promptly deleting the application.
Solid app for learning accounting basics and fundamentals of credits and debits. I totally learned this in accounting in college, but forgot most of it. This is the refresher in accounting that I needed.
It's such a good game especially if you wanna learn the basics but you charge way too much for the premium version.
so many people like me want to buy this app but if it's cost 50 . if u decrease the price of this all so many users will buy this
Fun but very limited. The full unlock is 7.99. That is way too expensive would spend no more than 1.99 for game. Creators take note.
Just basic. Limited no. Of tries in free version
Not too bad but you're out of your mind if you think the full version is worth $10
I like this app bcz I m an accounting student in class 9. It helps me alot .
I like the idea, simple. But couldn't accurately assess how effective the game is due to the limitation on free turns.
It would provide a better understanding of the increase vs decrease w/ Dr and Cr but it's limited free play. Not worth buying, deleting be app.
I hate Debits and Credits but nailed the concept with this accounting app. The four T accounts is super tough. But getting there!!!
Good but the thing is that what is petty cash? A liability? Since i purchased with office money. See it doesn't clearly describe it or give a hint, i thought the paid version was excellent, just says it goes to debit or credit i think its lazy. In double T and in 4 T things needs to be improved. Most of the game covered with expenses mostly