A planned processfor providingfinancialinformation thatwill be useful tomanagement.A recordsummarizing allthe informationpertaining to asingle item in theaccountingequationA decrease inowner's equityresulting fromthe operationof a business.The accountused tosummarize theowner's equityin the business.An equationshowing therelationshipamong assets,liabilities, andowner's equity.A person orbusiness towhom aliability isowed.Theamount inanaccount.Planning,recording,analyzing, andinterpretingfinancialinformation.A businessowned byoneperson.The standardsand rules thataccountants followwhile recordingand reportingfinancial activities.A businessthat performsan activity fora fee.A formal writtendocument thatdescribes thenature of abusiness and howit will operate.Financial reportsthat summarizethe financialconditions andoperations of abusiness.Anamountowed by abusiness.A sale forwhich cashwill bereceived at alater date.Financialrights to theassets of abusiness.A businessactivity thatchangesassets,liabilities andowner's equity.The principles ofright and wrongthat guide anindividual inmaking decisions.The amountremaining afterthe value of allliabilities issubtracted fromthe value of theassets.A formal report thatshows what anindividual owns,what an individualowes, and thedifference betweenthe two.Thedifferencebetweenassets andliabilities.The namegiven toanaccount.Anythingof valuethat isowed.The differencebetweenpersonal assetsand personalliabilities.A planned processfor providingfinancialinformation thatwill be useful tomanagement.A recordsummarizing allthe informationpertaining to asingle item in theaccountingequationA decrease inowner's equityresulting fromthe operationof a business.The accountused tosummarize theowner's equityin the business.An equationshowing therelationshipamong assets,liabilities, andowner's equity.A person orbusiness towhom aliability isowed.Theamount inanaccount.Planning,recording,analyzing, andinterpretingfinancialinformation.A businessowned byoneperson.The standardsand rules thataccountants followwhile recordingand reportingfinancial activities.A businessthat performsan activity fora fee.A formal writtendocument thatdescribes thenature of abusiness and howit will operate.Financial reportsthat summarizethe financialconditions andoperations of abusiness.Anamountowed by abusiness.A sale forwhich cashwill bereceived at alater date.Financialrights to theassets of abusiness.A businessactivity thatchangesassets,liabilities andowner's equity.The principles ofright and wrongthat guide anindividual inmaking decisions.The amountremaining afterthe value of allliabilities issubtracted fromthe value of theassets.A formal report thatshows what anindividual owns,what an individualowes, and thedifference betweenthe two.Thedifferencebetweenassets andliabilities.The namegiven toanaccount.Anythingof valuethat isowed.The differencebetweenpersonal assetsand personalliabilities.

Chapter 1 accounting (definitions) - 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. A planned process for providing financial information that will be useful to management.
  2. A record summarizing all the information pertaining to a single item in the accounting equation
  3. A decrease in owner's equity resulting from the operation of a business.
  4. The account used to summarize the owner's equity in the business.
  5. An equation showing the relationship among assets, liabilities, and owner's equity.
  6. A person or business to whom a liability is owed.
  7. The amount in an account.
  8. Planning, recording, analyzing, and interpreting financial information.
  9. A business owned by one person.
  10. The standards and rules that accountants follow while recording and reporting financial activities.
  11. A business that performs an activity for a fee.
  12. A formal written document that describes the nature of a business and how it will operate.
  13. Financial reports that summarize the financial conditions and operations of a business.
  14. An amount owed by a business.
  15. A sale for which cash will be received at a later date.
  16. Financial rights to the assets of a business.
  17. A business activity that changes assets, liabilities and owner's equity.
  18. The principles of right and wrong that guide an individual in making decisions.
  19. The amount remaining after the value of all liabilities is subtracted from the value of the assets.
  20. A formal report that shows what an individual owns, what an individual owes, and the difference between the two.
  21. The difference between assets and liabilities.
  22. The name given to an account.
  23. Anything of value that is owed.
  24. The difference between personal assets and personal liabilities.