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QR Challenge: Accounting Test

Created using the ClassTools QR Treasure Hunt Generator

Teacher Notes

A. Prior to the lesson:

1. Arrange students into groups. Each group needs at least ONE person who has a mobile device.

2. If their phone camera doesn't automatically detect and decode QR codes, ask students to

3. Print out the QR codes.

4. Cut them out and place them around your class / school.


B. The lesson:

1. Give each group a clipboard and a piece of paper so they can write down the decoded questions and their answers to them.

2. Explain to the students that the codes are hidden around the school. Each team will get ONE point for each question they correctly decode and copy down onto their sheet, and a further TWO points if they can then provide the correct answer and write this down underneath the question.

3. Away they go! The winner is the first team to return with the most correct answers in the time available. This could be within a lesson, or during a lunchbreak, or even over several days!


C. TIPS / OTHER IDEAS

4. A detailed case study in how to set up a successful QR Scavenger Hunt using this tool can be found here.


Questions / Answers (teacher reference)

Question

Answer

1. The accounting equation is most often stated as: Assets + Liabilities = Owner's Equity.T
2. When two asset accounts are changed in a transaction, there must be an increase and a decrease.2T
3. Asset accounts are listed on the right side of the accounting equation.3F
4. The accounting equation must be in balance to be correct.4T
5. When an account on one side of the accounting equation is increased, there must also be an increase on the other side to keep the equation in balance.5T
6. Accounting is the language of business.6T
7. Assets such as cash and supplies have value because they can be used to acquire other assets or to operate a business.7T
8. The relationship among assets, liabilities, and owner's equity can be written as an equation.8T
9. The capital account is an owner's equity account.9T
10. When a company pays insurance premiums in advance to an insurer, it records the payment as a liability because the insurer owes future coverage.10F

 



Accounting Test: QR Challenge

https://www.classtools.net/QR/decode.php?text=The-accounting-equation-is-most-often-stated-as:-Assets-+-Liabilities-=-Owner's-Equity.

Question 1 (of 10)

 



Accounting Test: QR Challenge

https://www.classtools.net/QR/decode.php?text=When-two-asset-accounts-are-changed-in-a-transaction,-there-must-be-an-increase-and-a-decrease.2

Question 2 (of 10)

 



Accounting Test: QR Challenge

https://www.classtools.net/QR/decode.php?text=Asset-accounts-are-listed-on-the-right-side-of-the-accounting-equation.3

Question 3 (of 10)

 



Accounting Test: QR Challenge

https://www.classtools.net/QR/decode.php?text=The-accounting-equation-must-be-in-balance-to-be-correct.4

Question 4 (of 10)

 



Accounting Test: QR Challenge

https://www.classtools.net/QR/decode.php?text=When-an-account-on-one-side-of-the-accounting-equation-is-increased,-there-must-also-be-an-increase-on-the-other-side-to-keep-the-equation-in-balance.5

Question 5 (of 10)

 



Accounting Test: QR Challenge

https://www.classtools.net/QR/decode.php?text=Accounting-is-the-language-of-business.6

Question 6 (of 10)

 



Accounting Test: QR Challenge

https://www.classtools.net/QR/decode.php?text=Assets-such-as-cash-and-supplies-have-value-because-they-can-be-used-to-acquire-other-assets-or-to-operate-a-business.7

Question 7 (of 10)

 



Accounting Test: QR Challenge

https://www.classtools.net/QR/decode.php?text=The-relationship-among-assets,-liabilities,-and-owner's-equity-can-be-written-as-an-equation.8

Question 8 (of 10)

 



Accounting Test: QR Challenge

https://www.classtools.net/QR/decode.php?text=The-capital-account-is-an-owner's-equity-account.9

Question 9 (of 10)

 



Accounting Test: QR Challenge

https://www.classtools.net/QR/decode.php?text=When-a-company-pays-insurance-premiums-in-advance-to-an-insurer,-it-records-the-payment-as-a-liability-because-the-insurer-owes-future-coverage.10

Question 10 (of 10)