Profit and loss can be an easy topic in mathematics where you buy something and sell it to gain or lose money. In accounting, however, calculating profit and loss can be a bit more technical. You need to know what falls under income and expenses in the ALICE accounts before …
Read More »Interest and discount: Enhance lesson with these 5 FREE worksheets
The topic interest and discount may be simple enough to cover within a short accounting session, so why not make it interesting with these 5 FREE worksheets. Make sure that students really know what are interest and discount and the difference between discount received and discount allowed. Some teachers may …
Read More »Exploring ‘debit credit’: How to record ALICE accounts with 5 FREE worksheets
Let’s look at the term ‘debit credit’ that is commonly used in accounting to describe the double entry system. For every debit entry that you record, there must be a credit entry. When you pay rent with cash, you debit the Rent account and credit the Cash account. This is …
Read More »Types of accounts: Learn ALICE with these 5 FREE worksheets
Build a solid foundation in accounting with these 5 FREE worksheets on types of accounts. You can fully understand which accounts are Assets, Liabilities, Income, Capital and Expenses (ALICE). It is crucial to learn these 5 types of accounts early because their Source Documents must be allocated to the relative …
Read More »Vowel Team worksheets: Download free activities to spell and trace
These fun worksheets explore digraphs to help learners understand the concept of one sound being produced by two letters in English. This letter pattern or vowel team makes it impossible to decode a word. Therefore, a word with a vowel team is a sight word that must be learned, as …
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