Assets = Liabilities + Equity
What is the accounting equation?
The name of the school Harry Potter goes to.
What is Hogwarts school for Witchcraft and Wizardry?
The Colosseum is located here.
What is Rome?
The process in the water cycle that forms clouds.
What is condensation?
Patrick lives here.
What is Under a Rock?
An accounting method that assumes the most recently purchased inventory are the first to be sold.
What is LIFO?
A muggle.
What is a non-magical person?
The largest desert in the world and the continent is it found.
What is the Sahara desert in Africa.
This powers the water cycle.
What is the sun?
Spongebob's pet's name.
Who is Gary?
GAAP
What are Generally Accepted Accounting Principles?
The birth place of Harry Potter.
What is Godric's Hollow.
Mt. Everest is located here.
What are the Himalayas/China-Nepal?
Rain, sleet, snow and hail are all examples of these.
What is precipitation?
Sandy lived here before bikini bottom.
What is Texas?
The statement that summarizes a company's assets, liabilities and shareholder's equity.
What is the Balance Sheet?
This is located under the whomping willow.
What is a tunnel leading to the Shrieking Shack?
The Taj Mahal is found in here.
What is India?
The two most abundant gases in our atmosphere.
What are Nitrogen and Oxygen?
The name of the ghost in Spongebob.
Who is The Flying Dutchman?
A type of account that reduces the book value of a related asset account on the balance sheet.
What is a Contra Asset Account?
Ron Weasley's middle name.
Who is Billius?
The second largest city in Syria.
What is Damascus?
The layer of gases that surrounds the earth.
What is the atmosphere.
Spongebob's favorite heroes.
Who is Mermaid Man and Barnacle Boy.