(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.
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Something has been taken out of the business
Withdrawal
Book keeping in a business
Financial Accounting
The management & decision making in business
Managerial Accounting
The owner of shares in a business
Stockholder
The principles of right and wrong
Business Ethics
Two or more persons combine their assets/skill
Partnership
An amount owed
Liability
Transactions need at least one of EACH of these
Debit & Credit
A group of accounts and their totals
Ledgers
The financial process to recording money transactions
Accounting
Financial records of business activity
Financial Statements
A business owned by one person
Sole Proprietor
Generally accepted accounting principals
GAAP
Money paid to operate the business
Expense
A business that sells products for profit
Merchandising Business
The account used when buying merchandise
Purchases
The owner's investment into the business
Capital
Financial document showing revenue and expenses
Income Statement
The goods a business has on hand for sale to customers
Merchandise Inventory
The final financial statement produced in a fiscal year
Post Closing Trial Balance
Items that are owned
Assets
Amount to be paid in the future
Accounts Payable
The maximum outstanding balance allowed to a customer by a vendor
Credit limit
An agreement between a buyer and seller about payment for merchandise
Terms of Sale
A list of vendor accounts, balances, and total amount owing to all vendors
Schedule of Accounts payable
Recording transactions in a journal
Journalizing
Amount remaining after Assets - Liabilities
Owner's Equity
A business from which merchandise or other assets are purchased
Vendor
2% discount if paid within 10 days of the invoice date
2/10
Any business activity that changes assets, liability or Owner's equity
Transaction
A report that summaries the financial condition of a business
Financial Statement
Money earned in business
Revenue
Information at the top of each financial statement
Account title
Amounts to be received in future due to sale of goods
Accounts Receivable
A source document for recording a purchase on account
Invoice
No discount, must be paid within 30 days of the invoice date
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