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

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