Account Classification Warm-Up
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Account Classification Warm-Up
📊 Part 1: Account Classification
Instructions: For each item below, identify which type of account it is by ticking the correct box.
📝 Part 2: Basic Ledger Entries
Instructions: For each transaction below, write a simple ledger entry showing which accounts are affected and whether they increase (+) or decrease (-).
Debit: _________________ ($______)
Credit: ________________ ($______)
Debit: _________________ ($______)
Credit: ________________ ($______)
Debit: _________________ ($______)
Credit: ________________ ($______)
Debit: _________________ ($______)
Credit: ________________ ($______)
🎯 Part 3: Quick Challenge
a) _________________________
b) _________________________
c) _________________________
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