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

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