CashIt is a mostliquidcurrentassetEntityEconomic unitwhich carriesout variouseconomicactivitiesAssetsAnything thecompanyowns thathas monetaryvalueDepreciationIt is a fallin thevalue ofan assetCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsIncomeExcess ofRevenueoverExpensesDebitThe leftside of anaccountLiabilityFinancialobligationsa businessowes toothersExpenseIt is the costincurred forgeneratingrevenueExpenditureAmount spentfor acquiringassets,goods orservices CurrentAssetsAssets whichare held onshort termbasis BalanceSheetStatement offinancialposition of abusiness on aparticular dateDebtorOwesmoney tothebusinessCreditThe rightside of anaccountBookValueValue at whichthe itemsappear in thebooks ofaccountsRevenueIncomegeneratedfrom the saleof goodsCreditorTo whom ourbusinessowes anamountCapitalIt is the amountinvested by theproprietor andbypartnersReceiptAmountreceivedor receivable forselling goods,services orassetsPrepaidExpenseAmount ofexpensepaid inadvanceDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorVoucherWrittendocumentin support ofatransactionDiscountAmount ofreduction inthe price ofgoods and/orservicesInventoryIt includesgoodsunsold on aparticulardateCashIt is a mostliquidcurrentassetEntityEconomic unitwhich carriesout variouseconomicactivitiesAssetsAnything thecompanyowns thathas monetaryvalueDepreciationIt is a fallin thevalue ofan assetCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsIncomeExcess ofRevenueoverExpensesDebitThe leftside of anaccountLiabilityFinancialobligationsa businessowes toothersExpenseIt is the costincurred forgeneratingrevenueExpenditureAmount spentfor acquiringassets,goods orservices CurrentAssetsAssets whichare held onshort termbasis BalanceSheetStatement offinancialposition of abusiness on aparticular dateDebtorOwesmoney tothebusinessCreditThe rightside of anaccountBookValueValue at whichthe itemsappear in thebooks ofaccountsRevenueIncomegeneratedfrom the saleof goodsCreditorTo whom ourbusinessowes anamountCapitalIt is the amountinvested by theproprietor andbypartnersReceiptAmountreceivedor receivable forselling goods,services orassetsPrepaidExpenseAmount ofexpensepaid inadvanceDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorVoucherWrittendocumentin support ofatransactionDiscountAmount ofreduction inthe price ofgoods and/orservicesInventoryIt includesgoodsunsold on aparticulardate

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