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

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.


1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
  1. A planned process for providing financial information that will be useful to management.
  2. Financial rights to the assets of a business.
  3. The standards and rules that accountants follow while recording and reporting financial activities.
  4. A business owned by one person.
  5. The account used to summarize the owner's equity in the business.
  6. The difference between assets and liabilities.
  7. A business that performs an activity for a fee.
  8. The principles of right and wrong that guide an individual in making decisions.
  9. A business activity that changes assets, liabilities and owner's equity.
  10. A formal written document that describes the nature of a business and how it will operate.
  11. The amount in an account.
  12. The difference between personal assets and personal liabilities.
  13. A record summarizing all the information pertaining to a single item in the accounting equation
  14. Planning, recording, analyzing, and interpreting financial information.
  15. The name given to an account.
  16. An amount owed by a business.
  17. Anything of value that is owed.
  18. A decrease in owner's equity resulting from the operation of a business.
  19. A sale for which cash will be received at a later date.
  20. A formal report that shows what an individual owns, what an individual owes, and the difference between the two.
  21. An equation showing the relationship among assets, liabilities, and owner's equity.
  22. A person or business to whom a liability is owed.
  23. Financial reports that summarize the financial conditions and operations of a business.
  24. The amount remaining after the value of all liabilities is subtracted from the value of the assets.