AssetsAnything thecompanyowns thathas monetaryvalueLiabilityFinancialobligationsa businessowes toothersDebtorOwesmoney tothebusinessCapitalIt is the amountinvested by theproprietor andbypartnersReceiptAmountreceivedor receivable forselling goods,services orassetsEntityEconomic unitwhich carriesout variouseconomicactivitiesVoucherWrittendocumentin support ofatransactionIncomeExcess ofRevenueoverExpensesDebitThe leftside of anaccount BalanceSheetStatement offinancialposition of abusiness on aparticular dateCurrentAssetsAssets whichare held onshort termbasisCreditorTo whom ourbusinessowes anamountDiscountAmount ofreduction inthe price ofgoods and/orservicesDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorCreditThe rightside of anaccountCashIt is a mostliquidcurrentassetCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsRevenueIncomegeneratedfrom the saleof goodsInventoryIt includesgoodsunsold on aparticulardateBookValueValue at whichthe itemsappear in thebooks ofaccountsExpenseIt is the costincurred forgeneratingrevenueExpenditureAmount spentfor acquiringassets,goods orservices DepreciationIt is a fallin thevalue ofan assetPrepaidExpenseAmount ofexpensepaid inadvanceAssetsAnything thecompanyowns thathas monetaryvalueLiabilityFinancialobligationsa businessowes toothersDebtorOwesmoney tothebusinessCapitalIt is the amountinvested by theproprietor andbypartnersReceiptAmountreceivedor receivable forselling goods,services orassetsEntityEconomic unitwhich carriesout variouseconomicactivitiesVoucherWrittendocumentin support ofatransactionIncomeExcess ofRevenueoverExpensesDebitThe leftside of anaccount BalanceSheetStatement offinancialposition of abusiness on aparticular dateCurrentAssetsAssets whichare held onshort termbasisCreditorTo whom ourbusinessowes anamountDiscountAmount ofreduction inthe price ofgoods and/orservicesDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorCreditThe rightside of anaccountCashIt is a mostliquidcurrentassetCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsRevenueIncomegeneratedfrom the saleof goodsInventoryIt includesgoodsunsold on aparticulardateBookValueValue at whichthe itemsappear in thebooks ofaccountsExpenseIt is the costincurred forgeneratingrevenueExpenditureAmount spentfor acquiringassets,goods orservices DepreciationIt is a fallin thevalue ofan assetPrepaidExpenseAmount ofexpensepaid inadvance

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