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Flash Cards
Debits/Credits Drill & Practice for Principles of
Financial Accounting
© Susan M. Moncada, Ph.D., CPA, Indiana State University 20101
How to Use the Flashcards1. Launch the PowerPoint presentation.2. Click on a Card’s hyperlink label.3. Click on the Debit or Credit Button4. Click the Return button on the Feedback
Screens5. Caution: Clicking on areas of the screen
other than areas specified will cause the drill and practice activity to malfunction.
6. Note: To repeat the activity, the file will need to be closed and re-opened.
7. Feedback based on EARLS acronym.2
CARD 1 CARD 2 CARD 3 CARD 4 CARD 5
CARD 6 CARD 7 CARD 8 CARD 9 CARD 10
CARD 11 CARD 12 CARD 13 CARD 14 CARD 15
CARD 16 CARD 17 CARD 18 CARD 19 CARD 20
CARD 21 CARD 22 CARD 23 CARD 24 CARD 25
Select a Flash Card
CARD 1
To increase Equipment...
Debit
Credit
4
CARD 6
To decrease Accounts Payable.
Debit
Credit
5
CARD 11
To increase Commissions Revenue.
Debit
Credit
6
CARD 16
To increase Maria Sanchez, Capital…
CreditDebit
7
CARD 21
To increase Computer Equipment ….
Debit Credit
8
CARD 2
To increase Accounts Payable…
Debit Credit
9
CARD 7
To decrease Owner’s Equity…
Debit Credit
10
CARD 12
To increase Cash in Bank…
Debit Credit
11
CARD 17
To increase Utilities Expense
Debit Credit
12
CARD 22
To decrease Accounts Receivable…
Debit Credit
13
CARD 3
To decrease Accounts Payable, Costco
Debit Credit
14
CARD 8
To pay rent expense …
Debit Credit
15
CARD 13
To increase Utilities Expense…
Debit Credit
16
CARD 18
To increase Desk Chairs…
Debit Credit
17
CARD 23
To decrease Cash …
Debit Credit
18
CARD 4
To increase farm equipment
Debit Credit
19
CARD 9
To increase LAND…
Debit Credit
20
CARD 14
To increase Revenue…
Debit Credit
21
CARD 19
To increase expenses
Debit Credit
22
CARD 24
To increase Maria Sanchez, Withdrawals
Debit Credit
23
CARD 5
To decrease office equipment…
Debit Credit
24
CARD 10
To increase Rent Expense
Debit Credit
25
CARD 15
To increase Sales …
Debit Credit
26
CARD 20
To decrease Wages Payable …
Debit Credit
27
CARD 25
To decrease Delivery Vehicles ...
Debit Credit
28
Positive Feedback
29
NegFeed1
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
CARD 1 FEEDBACK:
30
NegFeed6
R L S Revenues Liabilities Stockholder Equity
The normal balance for Revenues, Liabilities and Stockholders’ Equity is a Credit
CARD 6 FEEDBACK:
31
NegFeed11
R L S Revenues Liabilities Stockholder Equity
The normal balance for Revenues, Liabilities and Stockholders’ Equity is a Credit
CARD 11 FEEDBACK:
32
NegFeed16
R L S Revenues Liabilities Stockholder Equity
The normal balance for Revenues, Liabilities and Stockholders’ Equity is a Credit
CARD 16 FEEDBACK:
33
NegFed21
Remember Dividends is a Contra Equity Account
The normal balance for Revenues, Liabilities and Stockholders’ Equity is a Credit
CARD 21 FEEDBACK:
34
NegFeed2
R L S Revenues Liabilities Stockholder Equity
The normal balance for Revenues, Liabilities and Stockholders’ Equity is a Credit
CARD 2 FEEDBACK:
35
NegFed7
R L S Revenues Liabilities Stockholder Equity
The normal balance for Revenues, Liabilities and Stockholders’ Equity is a Credit
CARD 7 FEEDBACK:
36
NegFeed12
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
CARD 12 FEEDBACK:
37
NegFeed17
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
CARD 17 FEEDBACK:
38
Remember Accumulated Depreciation is a contra account.
NegFeed22
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
CARD 22 FEEDBACK:
39
NegFeed3
R L S Revenues Liabilities Stockholder Equity
The normal balance for Revenues, Liabilities and Stockholders’ Equity is a Credit
CARD 3 FEEDBACK:
40
NegFeed8
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
CARD 8 FEEDBACK:
41
NegFeed13
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
CARD 13 FEEDBACK:
42
NegFeed18
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
CARD 18 FEEDBACK:
43
NegFeed23
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
CARD 23 FEEDBACK:
44
NegFeed4
CARD 4 FEEDBACK:
45
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
NegFeed9
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
CARD 9 FEEDBACK:
46
NegFeed14
R L S Revenues Liabilities Stockholder Equity
The normal balance for Revenues, Liabilities and Stockholders’ Equity is a Credit
CARD 14 FEEDBACK:
47
NegFeed19
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
CARD 19 FEEDBACK:
48
Remember Accumulated Depreciation is a contra account.
NegFeed24
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
CARD 24 FEEDBACK:
49
NegFeed5
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
CARD 5 FEEDBACK:
50
NegFeed10
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
CARD 10 FEEDBACK:
51
NegFeed15
R L S Revenues Liabilities Stockholder Equity
The normal balance for Revenues, Liabilities and Stockholders’ Equity is a Credit
CARD 15 FEEDBACK:
52
NegFeed20
CARD 20 FEEDBACK:
53
R L S Revenues Liabilities Stockholder Equity
The normal balance for Revenues, Liabilities and Stockholders’ Equity is a Credit
NegFeed25
E AExpenses Assets
The normal Balance for Assets and Expenses is a Debit
CARD 25 FEEDBACK:
54
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