CreditThe rightside of anaccountExpenditureAmount spentfor acquiringassets,goods orservices VoucherWrittendocumentin support ofatransactionLiabilityFinancialobligationsa businessowes toothersReceiptAmountreceivedor receivable forselling goods,services orassetsCurrentAssetsAssets whichare held onshort termbasisEntityEconomic unitwhich carriesout variouseconomicactivitiesDebtorOwesmoney tothebusinessInventoryIt includesgoodsunsold on aparticulardateCashIt is a mostliquidcurrentassetBookValueValue at whichthe itemsappear in thebooks ofaccountsDiscountAmount ofreduction inthe price ofgoods and/orservicesDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorAssetsAnything thecompanyowns thathas monetaryvalueExpenseIt is the costincurred forgeneratingrevenueCreditorTo whom ourbusinessowes anamountDepreciationIt is a fallin thevalue ofan assetCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsRevenueIncomegeneratedfrom the saleof goods BalanceSheetStatement offinancialposition of abusiness on aparticular datePrepaidExpenseAmount ofexpensepaid inadvanceDebitThe leftside of anaccountCapitalIt is the amountinvested by theproprietor andbypartnersIncomeExcess ofRevenueoverExpensesCreditThe rightside of anaccountExpenditureAmount spentfor acquiringassets,goods orservices VoucherWrittendocumentin support ofatransactionLiabilityFinancialobligationsa businessowes toothersReceiptAmountreceivedor receivable forselling goods,services orassetsCurrentAssetsAssets whichare held onshort termbasisEntityEconomic unitwhich carriesout variouseconomicactivitiesDebtorOwesmoney tothebusinessInventoryIt includesgoodsunsold on aparticulardateCashIt is a mostliquidcurrentassetBookValueValue at whichthe itemsappear in thebooks ofaccountsDiscountAmount ofreduction inthe price ofgoods and/orservicesDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorAssetsAnything thecompanyowns thathas monetaryvalueExpenseIt is the costincurred forgeneratingrevenueCreditorTo whom ourbusinessowes anamountDepreciationIt is a fallin thevalue ofan assetCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsRevenueIncomegeneratedfrom the saleof goods BalanceSheetStatement offinancialposition of abusiness on aparticular datePrepaidExpenseAmount ofexpensepaid inadvanceDebitThe leftside of anaccountCapitalIt is the amountinvested by theproprietor andbypartnersIncomeExcess ofRevenueoverExpenses

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