AssetsAnything thecompanyowns thathas monetaryvalueBookValueValue at whichthe itemsappear in thebooks ofaccountsReceiptAmountreceivedor receivable forselling goods,services orassetsDiscountAmount ofreduction inthe price ofgoods and/orservicesCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsVoucherWrittendocumentin support ofatransactionCapitalIt is the amountinvested by theproprietor andbypartnersEntityEconomic unitwhich carriesout variouseconomicactivitiesCreditThe rightside of anaccountDebtorOwesmoney tothebusinessDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorPrepaidExpenseAmount ofexpensepaid inadvanceExpenditureAmount spentfor acquiringassets,goods orservices CurrentAssetsAssets whichare held onshort termbasisDebitThe leftside of anaccount BalanceSheetStatement offinancialposition of abusiness on aparticular dateIncomeExcess ofRevenueoverExpensesCashIt is a mostliquidcurrentassetCreditorTo whom ourbusinessowes anamountExpenseIt is the costincurred forgeneratingrevenueDepreciationIt is a fallin thevalue ofan assetLiabilityFinancialobligationsa businessowes toothersRevenueIncomegeneratedfrom the saleof goodsInventoryIt includesgoodsunsold on aparticulardateAssetsAnything thecompanyowns thathas monetaryvalueBookValueValue at whichthe itemsappear in thebooks ofaccountsReceiptAmountreceivedor receivable forselling goods,services orassetsDiscountAmount ofreduction inthe price ofgoods and/orservicesCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsVoucherWrittendocumentin support ofatransactionCapitalIt is the amountinvested by theproprietor andbypartnersEntityEconomic unitwhich carriesout variouseconomicactivitiesCreditThe rightside of anaccountDebtorOwesmoney tothebusinessDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorPrepaidExpenseAmount ofexpensepaid inadvanceExpenditureAmount spentfor acquiringassets,goods orservices CurrentAssetsAssets whichare held onshort termbasisDebitThe leftside of anaccount BalanceSheetStatement offinancialposition of abusiness on aparticular dateIncomeExcess ofRevenueoverExpensesCashIt is a mostliquidcurrentassetCreditorTo whom ourbusinessowes anamountExpenseIt is the costincurred forgeneratingrevenueDepreciationIt is a fallin thevalue ofan assetLiabilityFinancialobligationsa businessowes toothersRevenueIncomegeneratedfrom the saleof goodsInventoryIt 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. Anything the company owns that has monetary value
    Assets
  2. Value at which the items appear in the books of accounts
    Book Value
  3. Amount received or receivable for selling goods, services or assets
    Receipt
  4. Amount of reduction in the price of goods and/or services
    Discount
  5. obligations which are payable within period of 12 months
    Current Liability
  6. Written document in support of a transaction
    Voucher
  7. It is the amount invested by the proprietor and by partners
    Capital
  8. Economic unit which carries out various economic activities
    Entity
  9. The right side of an account
    Credit
  10. Owes money to the business
    Debtor
  11. It is the amount of cash or goods withdrawn from the business by the proprietor
    Drawing
  12. Amount of expense paid in advance
    Prepaid Expense
  13. Amount spent for acquiring assets, goods or services
    Expenditure
  14. Assets which are held on short term basis
    Current Assets
  15. The left side of an account
    Debit
  16. Statement of financial position of a business on a particular date
    Balance Sheet
  17. Excess of Revenue over Expenses
    Income
  18. It is a most liquid current asset
    Cash
  19. To whom our business owes an amount
    Creditor
  20. It is the cost incurred for generating revenue
    Expense
  21. It is a fall in the value of an asset
    Depreciation
  22. Financial obligations a business owes to others
    Liability
  23. Income generated from the sale of goods
    Revenue
  24. It includes goods unsold on a particular date
    Inventory