ReceiptAmountreceivedor receivable forselling goods,services orassetsDebtorOwesmoney tothebusinessDebitThe leftside of anaccountAssetsAnything thecompanyowns thathas monetaryvalueVoucherWrittendocumentin support ofatransactionPrepaidExpenseAmount ofexpensepaid inadvanceRevenueIncomegeneratedfrom the saleof goodsBookValueValue at whichthe itemsappear in thebooks ofaccountsDiscountAmount ofreduction inthe price ofgoods and/orservicesCreditorTo whom ourbusinessowes anamountExpenseIt is the costincurred forgeneratingrevenueCreditThe rightside of anaccountDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorDepreciationIt is a fallin thevalue ofan assetLiabilityFinancialobligationsa businessowes toothersExpenditureAmount spentfor acquiringassets,goods orservices CapitalIt is the amountinvested by theproprietor andbypartners BalanceSheetStatement offinancialposition of abusiness on aparticular dateIncomeExcess ofRevenueoverExpensesInventoryIt includesgoodsunsold on aparticulardateCashIt is a mostliquidcurrentassetCurrentAssetsAssets whichare held onshort termbasisCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsEntityEconomic unitwhich carriesout variouseconomicactivitiesReceiptAmountreceivedor receivable forselling goods,services orassetsDebtorOwesmoney tothebusinessDebitThe leftside of anaccountAssetsAnything thecompanyowns thathas monetaryvalueVoucherWrittendocumentin support ofatransactionPrepaidExpenseAmount ofexpensepaid inadvanceRevenueIncomegeneratedfrom the saleof goodsBookValueValue at whichthe itemsappear in thebooks ofaccountsDiscountAmount ofreduction inthe price ofgoods and/orservicesCreditorTo whom ourbusinessowes anamountExpenseIt is the costincurred forgeneratingrevenueCreditThe rightside of anaccountDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorDepreciationIt is a fallin thevalue ofan assetLiabilityFinancialobligationsa businessowes toothersExpenditureAmount spentfor acquiringassets,goods orservices CapitalIt is the amountinvested by theproprietor andbypartners BalanceSheetStatement offinancialposition of abusiness on aparticular dateIncomeExcess ofRevenueoverExpensesInventoryIt includesgoodsunsold on aparticulardateCashIt is a mostliquidcurrentassetCurrentAssetsAssets whichare held onshort termbasisCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsEntityEconomic 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.


1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
  1. Amount received or receivable for selling goods, services or assets
    Receipt
  2. Owes money to the business
    Debtor
  3. The left side of an account
    Debit
  4. Anything the company owns that has monetary value
    Assets
  5. Written document in support of a transaction
    Voucher
  6. Amount of expense paid in advance
    Prepaid Expense
  7. Income generated from the sale of goods
    Revenue
  8. Value at which the items appear in the books of accounts
    Book Value
  9. Amount of reduction in the price of goods and/or services
    Discount
  10. To whom our business owes an amount
    Creditor
  11. It is the cost incurred for generating revenue
    Expense
  12. The right side of an account
    Credit
  13. It is the amount of cash or goods withdrawn from the business by the proprietor
    Drawing
  14. It is a fall in the value of an asset
    Depreciation
  15. Financial obligations a business owes to others
    Liability
  16. Amount spent for acquiring assets, goods or services
    Expenditure
  17. It is the amount invested by the proprietor and by partners
    Capital
  18. Statement of financial position of a business on a particular date
    Balance Sheet
  19. Excess of Revenue over Expenses
    Income
  20. It includes goods unsold on a particular date
    Inventory
  21. It is a most liquid current asset
    Cash
  22. Assets which are held on short term basis
    Current Assets
  23. obligations which are payable within period of 12 months
    Current Liability
  24. Economic unit which carries out various economic activities
    Entity