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

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