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

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