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BAF 3M Monopoly Quest

Last updated about 1 year ago
25 questions
1

Who developed the game "Monopoly"?

3

Name 3 skills you would need to play this game successfully?

2

Explain briefly why this project is called "Accounting Monopoly".

1

How many days do you play the game?

9

Select all the kinds of documents you will include in your summative report.

1

What is the object of the game?

2

Select the absence rules that apply:

1

Is this the correct denomination of each bill you will receive to start the game?

$1500 consists of:
2 x $500= $1000
2 x $100= $200
2 x $50= $100
6 x $20= $120
5 x $10= $50
5 x $5= $25
5 x $1= $5

1

On what sheet do you record which property you have purchased?

1

Write an example journal explanation for the following:
You rolled a 7. You landed on Park Place, which you own. You decide to purchase a house at a cost of $200.

6

There are six tasks you must complete at the end of each day. Select all the tasks you must do:

1
a. Account #110 belongs to the _______ account.
b. Mortgage payable account number is _______.
c. Account #550 belongs to the _______ account.
d. Gain on Sale of property is account number _______.
2

Select the rules for Journal Entries.

3

Select the rules for Jail.

1

Select the rules for Passing Go.

1

Select the rules for Income Tax.

2

Select the rules for Bankruptcy.

1

Select the rules for Double Dice.

2

Select the rules for Free Parking.

5

Select the rules for Properties/Land.

5

What are the five types of expense accounts?

5

What are the five types of revenue accounts?

1

What is the most expensive property?

1

What is the leaset expensive property?

5

What kind of information is found in the Investment Portfolio sheet?