CreditThe rightside of anaccountAssetsAnything thecompanyowns thathas monetaryvalueLiabilityFinancialobligationsa businessowes toothersPrepaidExpenseAmount ofexpensepaid inadvanceDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorIncomeExcess ofRevenueoverExpensesBookValueValue at whichthe itemsappear in thebooks ofaccountsDiscountAmount ofreduction inthe price ofgoods and/orservicesCashIt is a mostliquidcurrentasset BalanceSheetStatement offinancialposition of abusiness on aparticular dateInventoryIt includesgoodsunsold on aparticulardateDebitThe leftside of anaccountReceiptAmountreceivedor receivable forselling goods,services orassetsRevenueIncomegeneratedfrom the saleof goodsCapitalIt is the amountinvested by theproprietor andbypartnersDepreciationIt is a fallin thevalue ofan assetCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsVoucherWrittendocumentin support ofatransactionCurrentAssetsAssets whichare held onshort termbasisDebtorOwesmoney tothebusinessCreditorTo whom ourbusinessowes anamountExpenseIt is the costincurred forgeneratingrevenueExpenditureAmount spentfor acquiringassets,goods orservices EntityEconomic unitwhich carriesout variouseconomicactivitiesCreditThe rightside of anaccountAssetsAnything thecompanyowns thathas monetaryvalueLiabilityFinancialobligationsa businessowes toothersPrepaidExpenseAmount ofexpensepaid inadvanceDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorIncomeExcess ofRevenueoverExpensesBookValueValue at whichthe itemsappear in thebooks ofaccountsDiscountAmount ofreduction inthe price ofgoods and/orservicesCashIt is a mostliquidcurrentasset BalanceSheetStatement offinancialposition of abusiness on aparticular dateInventoryIt includesgoodsunsold on aparticulardateDebitThe leftside of anaccountReceiptAmountreceivedor receivable forselling goods,services orassetsRevenueIncomegeneratedfrom the saleof goodsCapitalIt is the amountinvested by theproprietor andbypartnersDepreciationIt is a fallin thevalue ofan assetCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsVoucherWrittendocumentin support ofatransactionCurrentAssetsAssets whichare held onshort termbasisDebtorOwesmoney tothebusinessCreditorTo whom ourbusinessowes anamountExpenseIt is the costincurred forgeneratingrevenueExpenditureAmount spentfor acquiringassets,goods orservices EntityEconomic unitwhich carriesout variouseconomicactivities

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