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

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