InventoryIt includesgoodsunsold on aparticulardateCashIt is a mostliquidcurrentasset BalanceSheetStatement offinancialposition of abusiness on aparticular dateRevenueIncomegeneratedfrom the saleof goodsDepreciationIt is a fallin thevalue ofan assetCreditorTo whom ourbusinessowes anamountExpenseIt is the costincurred forgeneratingrevenueBookValueValue at whichthe itemsappear in thebooks ofaccountsCapitalIt is the amountinvested by theproprietor andbypartnersVoucherWrittendocumentin support ofatransactionDebitThe leftside of anaccountPrepaidExpenseAmount ofexpensepaid inadvanceLiabilityFinancialobligationsa businessowes toothersCurrentAssetsAssets whichare held onshort termbasisCreditThe rightside of anaccountDebtorOwesmoney tothebusinessDiscountAmount ofreduction inthe price ofgoods and/orservicesEntityEconomic unitwhich carriesout variouseconomicactivitiesExpenditureAmount spentfor acquiringassets,goods orservices DrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorIncomeExcess ofRevenueoverExpensesCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsReceiptAmountreceivedor receivable forselling goods,services orassetsAssetsAnything thecompanyowns thathas monetaryvalueInventoryIt includesgoodsunsold on aparticulardateCashIt is a mostliquidcurrentasset BalanceSheetStatement offinancialposition of abusiness on aparticular dateRevenueIncomegeneratedfrom the saleof goodsDepreciationIt is a fallin thevalue ofan assetCreditorTo whom ourbusinessowes anamountExpenseIt is the costincurred forgeneratingrevenueBookValueValue at whichthe itemsappear in thebooks ofaccountsCapitalIt is the amountinvested by theproprietor andbypartnersVoucherWrittendocumentin support ofatransactionDebitThe leftside of anaccountPrepaidExpenseAmount ofexpensepaid inadvanceLiabilityFinancialobligationsa businessowes toothersCurrentAssetsAssets whichare held onshort termbasisCreditThe rightside of anaccountDebtorOwesmoney tothebusinessDiscountAmount ofreduction inthe price ofgoods and/orservicesEntityEconomic unitwhich carriesout variouseconomicactivitiesExpenditureAmount spentfor acquiringassets,goods orservices DrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorIncomeExcess ofRevenueoverExpensesCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsReceiptAmountreceivedor receivable forselling goods,services orassetsAssetsAnything thecompanyowns thathas monetaryvalue

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