Method and arrangement for teaching and practicing accounting transactions. The method is performed as an adjunct to playing a game that is based, at least in part, on financial transactions. Students engage in the play of a game in which simulated financial transactions are performed and recorded into a balance-requiring worksheet as a dual-entry. The balance-requiring worksheet includes asset and expense accounts balancing against liabilities, equity, and revenue accounts. In one embodiment of the invention, the game played is the MONOPOLY game. A human moderator or teacher is normally utilized to check the accuracy of the accounts into which the players record each of the two component entries of the dual-entry.