DiscountAmount ofreduction inthe price ofgoods and/orservicesDebitThe leftside of anaccount BalanceSheetStatement offinancialposition of abusiness on aparticular dateDebtorOwesmoney tothebusinessExpenditureAmount spentfor acquiringassets,goods orservices LiabilityFinancialobligationsa businessowes toothersCurrentAssetsAssets whichare held onshort termbasisCapitalIt is the amountinvested by theproprietor andbypartnersExpenseIt is the costincurred forgeneratingrevenueEntityEconomic unitwhich carriesout variouseconomicactivitiesCreditorTo whom ourbusinessowes anamountAssetsAnything thecompanyowns thathas monetaryvalueDepreciationIt is a fallin thevalue ofan assetRevenueIncomegeneratedfrom the saleof goodsInventoryIt includesgoodsunsold on aparticulardateBookValueValue at whichthe itemsappear in thebooks ofaccountsReceiptAmountreceivedor receivable forselling goods,services orassetsPrepaidExpenseAmount ofexpensepaid inadvanceVoucherWrittendocumentin support ofatransactionCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsCreditThe rightside of anaccountCashIt is a mostliquidcurrentassetIncomeExcess ofRevenueoverExpensesDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorDiscountAmount ofreduction inthe price ofgoods and/orservicesDebitThe leftside of anaccount BalanceSheetStatement offinancialposition of abusiness on aparticular dateDebtorOwesmoney tothebusinessExpenditureAmount spentfor acquiringassets,goods orservices LiabilityFinancialobligationsa businessowes toothersCurrentAssetsAssets whichare held onshort termbasisCapitalIt is the amountinvested by theproprietor andbypartnersExpenseIt is the costincurred forgeneratingrevenueEntityEconomic unitwhich carriesout variouseconomicactivitiesCreditorTo whom ourbusinessowes anamountAssetsAnything thecompanyowns thathas monetaryvalueDepreciationIt is a fallin thevalue ofan assetRevenueIncomegeneratedfrom the saleof goodsInventoryIt includesgoodsunsold on aparticulardateBookValueValue at whichthe itemsappear in thebooks ofaccountsReceiptAmountreceivedor receivable forselling goods,services orassetsPrepaidExpenseAmount ofexpensepaid inadvanceVoucherWrittendocumentin support ofatransactionCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsCreditThe rightside of anaccountCashIt is a mostliquidcurrentassetIncomeExcess ofRevenueoverExpensesDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietor

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