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

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