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

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