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

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