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

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