BookValueValue at whichthe itemsappear in thebooks ofaccountsVoucherWrittendocumentin support ofatransaction BalanceSheetStatement offinancialposition of abusiness on aparticular dateInventoryIt includesgoodsunsold on aparticulardateLiabilityFinancialobligationsa businessowes toothersCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorExpenseIt is the costincurred forgeneratingrevenueEntityEconomic unitwhich carriesout variouseconomicactivitiesCreditorTo whom ourbusinessowes anamountDepreciationIt is a fallin thevalue ofan assetDebitThe leftside of anaccountCurrentAssetsAssets whichare held onshort termbasisAssetsAnything thecompanyowns thathas monetaryvalueRevenueIncomegeneratedfrom the saleof goodsReceiptAmountreceivedor receivable forselling goods,services orassetsCapitalIt is the amountinvested by theproprietor andbypartnersCashIt is a mostliquidcurrentassetDebtorOwesmoney tothebusinessPrepaidExpenseAmount ofexpensepaid inadvanceExpenditureAmount spentfor acquiringassets,goods orservices CreditThe rightside of anaccountIncomeExcess ofRevenueoverExpensesDiscountAmount ofreduction inthe price ofgoods and/orservicesBookValueValue at whichthe itemsappear in thebooks ofaccountsVoucherWrittendocumentin support ofatransaction BalanceSheetStatement offinancialposition of abusiness on aparticular dateInventoryIt includesgoodsunsold on aparticulardateLiabilityFinancialobligationsa businessowes toothersCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorExpenseIt is the costincurred forgeneratingrevenueEntityEconomic unitwhich carriesout variouseconomicactivitiesCreditorTo whom ourbusinessowes anamountDepreciationIt is a fallin thevalue ofan assetDebitThe leftside of anaccountCurrentAssetsAssets whichare held onshort termbasisAssetsAnything thecompanyowns thathas monetaryvalueRevenueIncomegeneratedfrom the saleof goodsReceiptAmountreceivedor receivable forselling goods,services orassetsCapitalIt is the amountinvested by theproprietor andbypartnersCashIt is a mostliquidcurrentassetDebtorOwesmoney tothebusinessPrepaidExpenseAmount ofexpensepaid inadvanceExpenditureAmount spentfor acquiringassets,goods orservices CreditThe rightside of anaccountIncomeExcess ofRevenueoverExpensesDiscountAmount ofreduction inthe price ofgoods and/orservices

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