LiabilityFinancialobligationsa businessowes toothersInventoryIt includesgoodsunsold on aparticulardateCreditorTo whom ourbusinessowes anamountCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsCapitalIt is the amountinvested by theproprietor andbypartnersDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorCashIt is a mostliquidcurrentasset BalanceSheetStatement offinancialposition of abusiness on aparticular dateReceiptAmountreceivedor receivable forselling goods,services orassetsCreditThe rightside of anaccountIncomeExcess ofRevenueoverExpensesEntityEconomic unitwhich carriesout variouseconomicactivitiesExpenseIt is the costincurred forgeneratingrevenueVoucherWrittendocumentin support ofatransactionCurrentAssetsAssets whichare held onshort termbasisDiscountAmount ofreduction inthe price ofgoods and/orservicesAssetsAnything thecompanyowns thathas monetaryvalueDebtorOwesmoney tothebusinessBookValueValue at whichthe itemsappear in thebooks ofaccountsRevenueIncomegeneratedfrom the saleof goodsDepreciationIt is a fallin thevalue ofan assetDebitThe leftside of anaccountPrepaidExpenseAmount ofexpensepaid inadvanceExpenditureAmount spentfor acquiringassets,goods orservices LiabilityFinancialobligationsa businessowes toothersInventoryIt includesgoodsunsold on aparticulardateCreditorTo whom ourbusinessowes anamountCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsCapitalIt is the amountinvested by theproprietor andbypartnersDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorCashIt is a mostliquidcurrentasset BalanceSheetStatement offinancialposition of abusiness on aparticular dateReceiptAmountreceivedor receivable forselling goods,services orassetsCreditThe rightside of anaccountIncomeExcess ofRevenueoverExpensesEntityEconomic unitwhich carriesout variouseconomicactivitiesExpenseIt is the costincurred forgeneratingrevenueVoucherWrittendocumentin support ofatransactionCurrentAssetsAssets whichare held onshort termbasisDiscountAmount ofreduction inthe price ofgoods and/orservicesAssetsAnything thecompanyowns thathas monetaryvalueDebtorOwesmoney tothebusinessBookValueValue at whichthe itemsappear in thebooks ofaccountsRevenueIncomegeneratedfrom the saleof goodsDepreciationIt is a fallin thevalue ofan assetDebitThe leftside of anaccountPrepaidExpenseAmount ofexpensepaid inadvanceExpenditureAmount spentfor acquiringassets,goods orservices 

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