PrepaidExpenseAmount ofexpensepaid inadvanceIncomeExcess ofRevenueoverExpensesExpenseIt is the costincurred forgeneratingrevenueDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietor BalanceSheetStatement offinancialposition of abusiness on aparticular dateCashIt is a mostliquidcurrentassetInventoryIt includesgoodsunsold on aparticulardateDepreciationIt is a fallin thevalue ofan assetBookValueValue at whichthe itemsappear in thebooks ofaccountsVoucherWrittendocumentin support ofatransactionCreditorTo whom ourbusinessowes anamountCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsExpenditureAmount spentfor acquiringassets,goods orservices LiabilityFinancialobligationsa businessowes toothersCurrentAssetsAssets whichare held onshort termbasisDebitThe leftside of anaccountEntityEconomic unitwhich carriesout variouseconomicactivitiesDiscountAmount ofreduction inthe price ofgoods and/orservicesDebtorOwesmoney tothebusinessRevenueIncomegeneratedfrom the saleof goodsCreditThe rightside of anaccountReceiptAmountreceivedor receivable forselling goods,services orassetsCapitalIt is the amountinvested by theproprietor andbypartnersAssetsAnything thecompanyowns thathas monetaryvaluePrepaidExpenseAmount ofexpensepaid inadvanceIncomeExcess ofRevenueoverExpensesExpenseIt is the costincurred forgeneratingrevenueDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietor BalanceSheetStatement offinancialposition of abusiness on aparticular dateCashIt is a mostliquidcurrentassetInventoryIt includesgoodsunsold on aparticulardateDepreciationIt is a fallin thevalue ofan assetBookValueValue at whichthe itemsappear in thebooks ofaccountsVoucherWrittendocumentin support ofatransactionCreditorTo whom ourbusinessowes anamountCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsExpenditureAmount spentfor acquiringassets,goods orservices LiabilityFinancialobligationsa businessowes toothersCurrentAssetsAssets whichare held onshort termbasisDebitThe leftside of anaccountEntityEconomic unitwhich carriesout variouseconomicactivitiesDiscountAmount ofreduction inthe price ofgoods and/orservicesDebtorOwesmoney tothebusinessRevenueIncomegeneratedfrom the saleof goodsCreditThe rightside of anaccountReceiptAmountreceivedor receivable forselling goods,services orassetsCapitalIt is the amountinvested by theproprietor andbypartnersAssetsAnything thecompanyowns thathas monetaryvalue

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