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

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