DebitThe leftside of anaccount BalanceSheetStatement offinancialposition of abusiness on aparticular dateEntityEconomic unitwhich carriesout variouseconomicactivitiesAssetsAnything thecompanyowns thathas monetaryvalueCreditorTo whom ourbusinessowes anamountDebtorOwesmoney tothebusinessCreditThe rightside of anaccountPrepaidExpenseAmount ofexpensepaid inadvanceInventoryIt includesgoodsunsold on aparticulardateRevenueIncomegeneratedfrom the saleof goodsBookValueValue at whichthe itemsappear in thebooks ofaccountsReceiptAmountreceivedor receivable forselling goods,services orassetsExpenseIt is the costincurred forgeneratingrevenueDiscountAmount ofreduction inthe price ofgoods and/orservicesLiabilityFinancialobligationsa businessowes toothersIncomeExcess ofRevenueoverExpensesDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorCurrentAssetsAssets whichare held onshort termbasisVoucherWrittendocumentin support ofatransactionCapitalIt is the amountinvested by theproprietor andbypartnersDepreciationIt is a fallin thevalue ofan assetExpenditureAmount spentfor acquiringassets,goods orservices CashIt is a mostliquidcurrentassetCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsDebitThe leftside of anaccount BalanceSheetStatement offinancialposition of abusiness on aparticular dateEntityEconomic unitwhich carriesout variouseconomicactivitiesAssetsAnything thecompanyowns thathas monetaryvalueCreditorTo whom ourbusinessowes anamountDebtorOwesmoney tothebusinessCreditThe rightside of anaccountPrepaidExpenseAmount ofexpensepaid inadvanceInventoryIt includesgoodsunsold on aparticulardateRevenueIncomegeneratedfrom the saleof goodsBookValueValue at whichthe itemsappear in thebooks ofaccountsReceiptAmountreceivedor receivable forselling goods,services orassetsExpenseIt is the costincurred forgeneratingrevenueDiscountAmount ofreduction inthe price ofgoods and/orservicesLiabilityFinancialobligationsa businessowes toothersIncomeExcess ofRevenueoverExpensesDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorCurrentAssetsAssets whichare held onshort termbasisVoucherWrittendocumentin support ofatransactionCapitalIt is the amountinvested by theproprietor andbypartnersDepreciationIt is a fallin thevalue ofan assetExpenditureAmount spentfor acquiringassets,goods orservices CashIt is a mostliquidcurrentassetCurrentLiabilityobligationswhich arepayable withinperiod of 12months

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