(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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An amount owed
Liability
Transactions need at least one of EACH of these
Debit & Credit
The financial process to recording money transactions
Accounting
The final financial statement produced in a fiscal year
Post Closing Trial Balance
Something has been taken out of the business
Withdrawal
A source document for recording a purchase on account
Invoice
The owner of shares in a business
Stockholder
A business from which merchandise or other assets are purchased
Vendor
Total of the account
Account Balance
The principles of right and wrong
Business Ethics
Any business activity that changes assets, liability or Owner's equity
Transaction
Two or more persons combine their assets/skill
Partnership
Money paid to operate the business
Expense
Financial document showing revenue and expenses
Income Statement
Money earned in business
Revenue
An agreement between a buyer and seller about payment for merchandise
Terms of Sale
The goods a business has on hand for sale to customers
Merchandise Inventory
2% discount if paid within 10 days of the invoice date
2/10
The maximum outstanding balance allowed to a customer by a vendor
Credit limit
Items that are owned
Assets
A group of accounts and their totals
Ledgers
A business that sells products for profit
Merchandising Business
Amount to be paid in the future
Accounts Payable
Book keeping in a business
Financial Accounting
No discount, must be paid within 30 days of the invoice date
n/30
Recording transactions in a journal
Journalizing
The owner's investment into the business
Capital
The account used when buying merchandise
Purchases
A report that summaries the financial condition of a business
Financial Statement
Amounts to be received in future due to sale of goods
Accounts Receivable
A business owned by one person
Sole Proprietor
Information at the top of each financial statement
Account title
A list of vendor accounts, balances, and total amount owing to all vendors
Schedule of Accounts payable
Amount remaining after Assets - Liabilities
Owner's Equity
Assets = Liab + OE
Accounting equation
The management & decision making in business
Managerial Accounting
