CreditorTo whom ourbusinessowes anamountAssetsAnything thecompanyowns thathas monetaryvalueCreditThe rightside of anaccountDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorRevenueIncomegeneratedfrom the saleof goodsCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsCurrentAssetsAssets whichare held onshort termbasisInventoryIt includesgoodsunsold on aparticulardate BalanceSheetStatement offinancialposition of abusiness on aparticular dateDebtorOwesmoney tothebusinessDepreciationIt is a fallin thevalue ofan assetExpenditureAmount spentfor acquiringassets,goods orservices VoucherWrittendocumentin support ofatransactionEntityEconomic unitwhich carriesout variouseconomicactivitiesCashIt is a mostliquidcurrentassetPrepaidExpenseAmount ofexpensepaid inadvanceReceiptAmountreceivedor receivable forselling goods,services orassetsDiscountAmount ofreduction inthe price ofgoods and/orservicesCapitalIt is the amountinvested by theproprietor andbypartnersLiabilityFinancialobligationsa businessowes toothersDebitThe leftside of anaccountExpenseIt is the costincurred forgeneratingrevenueIncomeExcess ofRevenueoverExpensesBookValueValue at whichthe itemsappear in thebooks ofaccountsCreditorTo whom ourbusinessowes anamountAssetsAnything thecompanyowns thathas monetaryvalueCreditThe rightside of anaccountDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorRevenueIncomegeneratedfrom the saleof goodsCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsCurrentAssetsAssets whichare held onshort termbasisInventoryIt includesgoodsunsold on aparticulardate BalanceSheetStatement offinancialposition of abusiness on aparticular dateDebtorOwesmoney tothebusinessDepreciationIt is a fallin thevalue ofan assetExpenditureAmount spentfor acquiringassets,goods orservices VoucherWrittendocumentin support ofatransactionEntityEconomic unitwhich carriesout variouseconomicactivitiesCashIt is a mostliquidcurrentassetPrepaidExpenseAmount ofexpensepaid inadvanceReceiptAmountreceivedor receivable forselling goods,services orassetsDiscountAmount ofreduction inthe price ofgoods and/orservicesCapitalIt is the amountinvested by theproprietor andbypartnersLiabilityFinancialobligationsa businessowes toothersDebitThe leftside of anaccountExpenseIt is the costincurred forgeneratingrevenueIncomeExcess ofRevenueoverExpensesBookValueValue at whichthe itemsappear in thebooks ofaccounts

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