PrepaidExpenseAmount ofexpensepaid inadvanceReceiptAmountreceivedor receivable forselling goods,services orassetsCreditorTo whom ourbusinessowes anamountDebtorOwesmoney tothebusinessCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsDebitThe leftside of anaccountRevenueIncomegeneratedfrom the saleof goodsDiscountAmount ofreduction inthe price ofgoods and/orservicesCreditThe rightside of anaccountAssetsAnything thecompanyowns thathas monetaryvalueEntityEconomic unitwhich carriesout variouseconomicactivitiesLiabilityFinancialobligationsa businessowes toothersVoucherWrittendocumentin support ofatransactionDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorIncomeExcess ofRevenueoverExpensesBookValueValue at whichthe itemsappear in thebooks ofaccountsCashIt is a mostliquidcurrentassetExpenditureAmount spentfor acquiringassets,goods orservices InventoryIt includesgoodsunsold on aparticulardateCapitalIt is the amountinvested by theproprietor andbypartners BalanceSheetStatement offinancialposition of abusiness on aparticular dateCurrentAssetsAssets whichare held onshort termbasisDepreciationIt is a fallin thevalue ofan assetExpenseIt is the costincurred forgeneratingrevenuePrepaidExpenseAmount ofexpensepaid inadvanceReceiptAmountreceivedor receivable forselling goods,services orassetsCreditorTo whom ourbusinessowes anamountDebtorOwesmoney tothebusinessCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsDebitThe leftside of anaccountRevenueIncomegeneratedfrom the saleof goodsDiscountAmount ofreduction inthe price ofgoods and/orservicesCreditThe rightside of anaccountAssetsAnything thecompanyowns thathas monetaryvalueEntityEconomic unitwhich carriesout variouseconomicactivitiesLiabilityFinancialobligationsa businessowes toothersVoucherWrittendocumentin support ofatransactionDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorIncomeExcess ofRevenueoverExpensesBookValueValue at whichthe itemsappear in thebooks ofaccountsCashIt is a mostliquidcurrentassetExpenditureAmount spentfor acquiringassets,goods orservices InventoryIt includesgoodsunsold on aparticulardateCapitalIt is the amountinvested by theproprietor andbypartners BalanceSheetStatement offinancialposition of abusiness on aparticular dateCurrentAssetsAssets whichare held onshort termbasisDepreciationIt is a fallin thevalue ofan assetExpenseIt is the costincurred forgeneratingrevenue

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