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

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