Basic Accounting Terminology Worksheets

Basic Accounting Terminology worksheets for secondary and high school students, with guided practice, assessment activities and complete answer keys.

Build a strong foundation in essential accounting vocabulary with this comprehensive 30-page Accounting I resource. Designed for secondary/high school Accounting, Business Studies, Business Education and introductory bookkeeping classes, it combines clear concept teaching with scaffolded practice and assessment.

What students will learn

Students work with 20 essential accounting terms and learn to distinguish commonly confused concepts, including:

• Accounting and bookkeeping
• Assets and liabilities
• Accounts receivable and accounts payable
• Owner’s capital and withdrawals
• Revenue and expenses
• Supplies and equipment
• Net income and net loss
• Business transactions, accounts and sole proprietorship

What’s included

• Teacher guide and suggested teaching sequence
• Clear, student-friendly concept explanations
• Learning outcomes and success criteria
• Fully worked examples
• 4 guided practice activities
• 5 independent practice activities
• Realistic small-business application
• Common-error and misconception activities
• Two-part self-assessment
• Student confidence check
• Complete answer keys with explanations and workings

File format: PDF

Suitable for

• Secondary and high school Accounting
• Accounting I / introductory accounting
• Business Studies and Business Education
• CTE / vocational business courses
• Homeschool learning
• Whole-class teaching, independent practice, homework, intervention, revision or substitute lessons

Teaching time: Approximately 2–3 class periods.

No prior accounting knowledge is required. Students need only basic reading and subtraction skills.

This is Product 1 in the SmartKidPrint Accounting Concept • Practice • Assess Series.