PrepaidExpenseAmount ofexpensepaid inadvanceVoucherWrittendocumentin support ofatransactionDebtorOwesmoney tothebusinessInventoryIt includesgoodsunsold on aparticulardateDepreciationIt is a fallin thevalue ofan assetDebitThe leftside of anaccountExpenditureAmount spentfor acquiringassets,goods orservices CreditThe rightside of anaccountRevenueIncomegeneratedfrom the saleof goodsCapitalIt is the amountinvested by theproprietor andbypartnersDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietor BalanceSheetStatement offinancialposition of abusiness on aparticular dateEntityEconomic unitwhich carriesout variouseconomicactivitiesBookValueValue at whichthe itemsappear in thebooks ofaccountsLiabilityFinancialobligationsa businessowes toothersCurrentAssetsAssets whichare held onshort termbasisCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsExpenseIt is the costincurred forgeneratingrevenueAssetsAnything thecompanyowns thathas monetaryvalueReceiptAmountreceivedor receivable forselling goods,services orassetsIncomeExcess ofRevenueoverExpensesDiscountAmount ofreduction inthe price ofgoods and/orservicesCashIt is a mostliquidcurrentassetCreditorTo whom ourbusinessowes anamountPrepaidExpenseAmount ofexpensepaid inadvanceVoucherWrittendocumentin support ofatransactionDebtorOwesmoney tothebusinessInventoryIt includesgoodsunsold on aparticulardateDepreciationIt is a fallin thevalue ofan assetDebitThe leftside of anaccountExpenditureAmount spentfor acquiringassets,goods orservices CreditThe rightside of anaccountRevenueIncomegeneratedfrom the saleof goodsCapitalIt is the amountinvested by theproprietor andbypartnersDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietor BalanceSheetStatement offinancialposition of abusiness on aparticular dateEntityEconomic unitwhich carriesout variouseconomicactivitiesBookValueValue at whichthe itemsappear in thebooks ofaccountsLiabilityFinancialobligationsa businessowes toothersCurrentAssetsAssets whichare held onshort termbasisCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsExpenseIt is the costincurred forgeneratingrevenueAssetsAnything thecompanyowns thathas monetaryvalueReceiptAmountreceivedor receivable forselling goods,services orassetsIncomeExcess ofRevenueoverExpensesDiscountAmount ofreduction inthe price ofgoods and/orservicesCashIt is a mostliquidcurrentassetCreditorTo whom ourbusinessowes anamount

Accounting Terms - 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. Amount of expense paid in advance
    Prepaid Expense
  2. Written document in support of a transaction
    Voucher
  3. Owes money to the business
    Debtor
  4. It includes goods unsold on a particular date
    Inventory
  5. It is a fall in the value of an asset
    Depreciation
  6. The left side of an account
    Debit
  7. Amount spent for acquiring assets, goods or services
    Expenditure
  8. The right side of an account
    Credit
  9. Income generated from the sale of goods
    Revenue
  10. It is the amount invested by the proprietor and by partners
    Capital
  11. It is the amount of cash or goods withdrawn from the business by the proprietor
    Drawing
  12. Statement of financial position of a business on a particular date
    Balance Sheet
  13. Economic unit which carries out various economic activities
    Entity
  14. Value at which the items appear in the books of accounts
    Book Value
  15. Financial obligations a business owes to others
    Liability
  16. Assets which are held on short term basis
    Current Assets
  17. obligations which are payable within period of 12 months
    Current Liability
  18. It is the cost incurred for generating revenue
    Expense
  19. Anything the company owns that has monetary value
    Assets
  20. Amount received or receivable for selling goods, services or assets
    Receipt
  21. Excess of Revenue over Expenses
    Income
  22. Amount of reduction in the price of goods and/or services
    Discount
  23. It is a most liquid current asset
    Cash
  24. To whom our business owes an amount
    Creditor