Objectives:
- To explain and analyze how business transactions impact the accounting equation
- To complete the steps in the accounting cycle to prepare financial statements
Age Level: Early/late secondary school
National Standards: Complies with NBEA Accounting 2023 Standard III.2.2. Explain and analyze how business transactions impact the accounting equation.
Materials:
- Whiteboard or chalkboard
- Markers or chalk
- Student handouts
- Hat or bucket
- Index cards
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