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.

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