DrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorEntityEconomic unitwhich carriesout variouseconomicactivitiesCurrentAssetsAssets whichare held onshort termbasisDiscountAmount ofreduction inthe price ofgoods and/orservicesAssetsAnything thecompanyowns thathas monetaryvalueDepreciationIt is a fallin thevalue ofan assetInventoryIt includesgoodsunsold on aparticulardateCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsDebitThe leftside of anaccountCreditThe rightside of anaccountBookValueValue at whichthe itemsappear in thebooks ofaccountsDebtorOwesmoney tothebusinessVoucherWrittendocumentin support ofatransactionIncomeExcess ofRevenueoverExpensesPrepaidExpenseAmount ofexpensepaid inadvanceExpenseIt is the costincurred forgeneratingrevenueReceiptAmountreceivedor receivable forselling goods,services orassetsRevenueIncomegeneratedfrom the saleof goodsLiabilityFinancialobligationsa businessowes toothersCreditorTo whom ourbusinessowes anamountExpenditureAmount spentfor acquiringassets,goods orservices  BalanceSheetStatement offinancialposition of abusiness on aparticular dateCashIt is a mostliquidcurrentassetCapitalIt is the amountinvested by theproprietor andbypartnersDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorEntityEconomic unitwhich carriesout variouseconomicactivitiesCurrentAssetsAssets whichare held onshort termbasisDiscountAmount ofreduction inthe price ofgoods and/orservicesAssetsAnything thecompanyowns thathas monetaryvalueDepreciationIt is a fallin thevalue ofan assetInventoryIt includesgoodsunsold on aparticulardateCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsDebitThe leftside of anaccountCreditThe rightside of anaccountBookValueValue at whichthe itemsappear in thebooks ofaccountsDebtorOwesmoney tothebusinessVoucherWrittendocumentin support ofatransactionIncomeExcess ofRevenueoverExpensesPrepaidExpenseAmount ofexpensepaid inadvanceExpenseIt is the costincurred forgeneratingrevenueReceiptAmountreceivedor receivable forselling goods,services orassetsRevenueIncomegeneratedfrom the saleof goodsLiabilityFinancialobligationsa businessowes toothersCreditorTo whom ourbusinessowes anamountExpenditureAmount spentfor acquiringassets,goods orservices  BalanceSheetStatement offinancialposition of abusiness on aparticular dateCashIt is a mostliquidcurrentassetCapitalIt is the amountinvested by theproprietor andbypartners

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