computerequipment(+3,000)cash(-3,000)Moneyearned fromselling goodsor services.A record used totrack changes ina specific item,such as Cash orAccountsPayable.Accountinginformation isrecorded andprocessed byhand.The owner'sfinancialinterest inthebusiness.Moneycustomersowe thebusiness.(Asset)cash(+1,200)owner'sequity(+1,200)Buying orsellingsomething oncredit instead ofpayingimmediately.A person orbusinessthat is owedmoney.accountspayable(-350) cash(-350)Money orproperty theowner takesout forpersonal use.cash(+25,000)owner'sequity(+25,000)Costs ofrunningthebusiness.officeequipment(+400)owner'sequity (+400)A legalright topropertyor assets.Rules andstandardsaccountantsfollow whenpreparingfinancial reports.Money abusinessowes toothers.Anythingvaluable thata person orbusinessowns.An event thatchanges abusiness'sassets,liabilities, orowner's equity.The owner'sclaim to thebusiness'sassets.owner'sequity(-700) cash(-700)accountsreceivable(+200) officeequipment(-200)The businessand owner aretreated asseparate foraccountingpurposes.A system usedto record andreport abusiness’sfinancialtransactions.Money orproperty theowner putsinto thebusiness.Accounting thatprovidesinformation topeople insidethe business,like managers.Financialinformation isreported forspecific periods,such as a month,quarter, or year.deliveryequipment(+12,000)accountspayable(+12,000)The businessis expectedto continueoperating inthe future.Accounting thatprovides financialinformation topeople outside thebusiness, likeinvestors andcreditors.cash (+200)accountsreceivable(-200)Assets =Liabilities +Owner'sEquity (A = L+ OE)Valuablethings abusinessowns.Accountinginformation isrecorded andprocessedusing acomputer.Money thebusinessowes toothers.(Liability)cash (-500)owner'sequity(-500)computerequipment(+3,000)cash(-3,000)Moneyearned fromselling goodsor services.A record used totrack changes ina specific item,such as Cash orAccountsPayable.Accountinginformation isrecorded andprocessed byhand.The owner'sfinancialinterest inthebusiness.Moneycustomersowe thebusiness.(Asset)cash(+1,200)owner'sequity(+1,200)Buying orsellingsomething oncredit instead ofpayingimmediately.A person orbusinessthat is owedmoney.accountspayable(-350) cash(-350)Money orproperty theowner takesout forpersonal use.cash(+25,000)owner'sequity(+25,000)Costs ofrunningthebusiness.officeequipment(+400)owner'sequity (+400)A legalright topropertyor assets.Rules andstandardsaccountantsfollow whenpreparingfinancial reports.Money abusinessowes toothers.Anythingvaluable thata person orbusinessowns.An event thatchanges abusiness'sassets,liabilities, orowner's equity.The owner'sclaim to thebusiness'sassets.owner'sequity(-700) cash(-700)accountsreceivable(+200) officeequipment(-200)The businessand owner aretreated asseparate foraccountingpurposes.A system usedto record andreport abusiness’sfinancialtransactions.Money orproperty theowner putsinto thebusiness.Accounting thatprovidesinformation topeople insidethe business,like managers.Financialinformation isreported forspecific periods,such as a month,quarter, or year.deliveryequipment(+12,000)accountspayable(+12,000)The businessis expectedto continueoperating inthe future.Accounting thatprovides financialinformation topeople outside thebusiness, likeinvestors andcreditors.cash (+200)accountsreceivable(-200)Assets =Liabilities +Owner'sEquity (A = L+ OE)Valuablethings abusinessowns.Accountinginformation isrecorded andprocessedusing acomputer.Money thebusinessowes toothers.(Liability)cash (-500)owner'sequity(-500)

Chap 2 & 3 Review - Call List

(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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  1. computer equipment (+3,000) cash (-3,000)
  2. Money earned from selling goods or services.
  3. A record used to track changes in a specific item, such as Cash or Accounts Payable.
  4. Accounting information is recorded and processed by hand.
  5. The owner's financial interest in the business.
  6. Money customers owe the business. (Asset)
  7. cash (+1,200) owner's equity (+1,200)
  8. Buying or selling something on credit instead of paying immediately.
  9. A person or business that is owed money.
  10. accounts payable (-350) cash (-350)
  11. Money or property the owner takes out for personal use.
  12. cash (+25,000) owner's equity (+25,000)
  13. Costs of running the business.
  14. office equipment (+400) owner's equity (+400)
  15. A legal right to property or assets.
  16. Rules and standards accountants follow when preparing financial reports.
  17. Money a business owes to others.
  18. Anything valuable that a person or business owns.
  19. An event that changes a business's assets, liabilities, or owner's equity.
  20. The owner's claim to the business's assets.
  21. owner's equity (-700) cash (-700)
  22. accounts receivable (+200) office equipment (-200)
  23. The business and owner are treated as separate for accounting purposes.
  24. A system used to record and report a business’s financial transactions.
  25. Money or property the owner puts into the business.
  26. Accounting that provides information to people inside the business, like managers.
  27. Financial information is reported for specific periods, such as a month, quarter, or year.
  28. delivery equipment (+12,000) accounts payable (+12,000)
  29. The business is expected to continue operating in the future.
  30. Accounting that provides financial information to people outside the business, like investors and creditors.
  31. cash (+200) accounts receivable (-200)
  32. Assets = Liabilities + Owner's Equity (A = L + OE)
  33. Valuable things a business owns.
  34. Accounting information is recorded and processed using a computer.
  35. Money the business owes to others. (Liability)
  36. cash (-500) owner's equity (-500)