This unit discusses the vitally important accounting equation: Assets = Liabilities + Owner's Equity + Revenue - Expenses - Draws.
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Basic activities (computer-graded)
Vocabulary Builder Activity
Students should be familiar with the following vocabulary before continuing on to the activities and exercises:
- Accounting equation
- Capital
- Contingent liabilities
- Current assets
- Draws
- Goodwill
- Income statement
- Incur
- Intangible asset
- Intellectual property
- Quantify
- Shareholder equity
- Sole proprietorship
- Terminology
Reading Comprehension: The Accounting Equation
This unit discusses the vitally important accounting equation: Assets = Liabilities + Owner's Equity + Revenue - Expenses - Draws.
Multiple Choice Activity (Registered users only)
Pick the correct answer from a list.
Pick the correct answer from a list.
Listening Comprehension (Registered users only)
Listen to the word and type it in.
Listen to the word and type it in.
Spelling and Recognition (Registered users only)
Type in the correct answer for each definition.
Type in the correct answer for each definition.
Advanced activities (optionally teacher-graded)
Speaking Practice Activity (Registered users only)
Record yourself speaking five example sentences from the unit.
Record yourself speaking five example sentences from the unit.
Writing Practice Activity (Registered users only)
Pick a question and write about it.
Pick a question and write about it.