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

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