A businessthat performsan activity fora fee.A businessactivity thatchangesassets,liabilities andowner's equity.An equationshowing therelationshipamong assets,liabilities, andowner's equity.Planning,recording,analyzing, andinterpretingfinancialinformation.The accountused tosummarize theowner's equityin the business.The standardsand rules thataccountants followwhile recordingand reportingfinancial activities.The amountremaining afterthe value of allliabilities issubtracted fromthe value of theassets.Financial reportsthat summarizethe financialconditions andoperations of abusiness.Anythingof valuethat isowed.A person orbusiness towhom aliability isowed.A decrease inowner's equityresulting fromthe operationof a business.Financialrights to theassets of abusiness.The principles ofright and wrongthat guide anindividual inmaking decisions.A planned processfor providingfinancialinformation thatwill be useful tomanagement.A recordsummarizing allthe informationpertaining to asingle item in theaccountingequationA formal writtendocument thatdescribes thenature of abusiness and howit will operate.The namegiven toanaccount.Thedifferencebetweenassets andliabilities.A sale forwhich cashwill bereceived at alater date.Anamountowed by abusiness.A formal report thatshows what anindividual owns,what an individualowes, and thedifference betweenthe two.Theamount inanaccount.A businessowned byoneperson.The differencebetweenpersonal assetsand personalliabilities.A businessthat performsan activity fora fee.A businessactivity thatchangesassets,liabilities andowner's equity.An equationshowing therelationshipamong assets,liabilities, andowner's equity.Planning,recording,analyzing, andinterpretingfinancialinformation.The accountused tosummarize theowner's equityin the business.The standardsand rules thataccountants followwhile recordingand reportingfinancial activities.The amountremaining afterthe value of allliabilities issubtracted fromthe value of theassets.Financial reportsthat summarizethe financialconditions andoperations of abusiness.Anythingof valuethat isowed.A person orbusiness towhom aliability isowed.A decrease inowner's equityresulting fromthe operationof a business.Financialrights to theassets of abusiness.The principles ofright and wrongthat guide anindividual inmaking decisions.A planned processfor providingfinancialinformation thatwill be useful tomanagement.A recordsummarizing allthe informationpertaining to asingle item in theaccountingequationA formal writtendocument thatdescribes thenature of abusiness and howit will operate.The namegiven toanaccount.Thedifferencebetweenassets andliabilities.A sale forwhich cashwill bereceived at alater date.Anamountowed by abusiness.A formal report thatshows what anindividual owns,what an individualowes, and thedifference betweenthe two.Theamount inanaccount.A businessowned byoneperson.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 business that performs an activity for a fee.
  2. A business activity that changes assets, liabilities and owner's equity.
  3. An equation showing the relationship among assets, liabilities, and owner's equity.
  4. Planning, recording, analyzing, and interpreting financial information.
  5. The account used to summarize the owner's equity in the business.
  6. The standards and rules that accountants follow while recording and reporting financial activities.
  7. The amount remaining after the value of all liabilities is subtracted from the value of the assets.
  8. Financial reports that summarize the financial conditions and operations of a business.
  9. Anything of value that is owed.
  10. A person or business to whom a liability is owed.
  11. A decrease in owner's equity resulting from the operation of a business.
  12. Financial rights to the assets of a business.
  13. The principles of right and wrong that guide an individual in making decisions.
  14. A planned process for providing financial information that will be useful to management.
  15. A record summarizing all the information pertaining to a single item in the accounting equation
  16. A formal written document that describes the nature of a business and how it will operate.
  17. The name given to an account.
  18. The difference between assets and liabilities.
  19. A sale for which cash will be received at a later date.
  20. An amount owed by a business.
  21. A formal report that shows what an individual owns, what an individual owes, and the difference between the two.
  22. The amount in an account.
  23. A business owned by one person.
  24. The difference between personal assets and personal liabilities.