CurrentLiabilityobligationswhich arepayable withinperiod of 12monthsCreditThe rightside of anaccountReceiptAmountreceivedor receivable forselling goods,services orassetsAssetsAnything thecompanyowns thathas monetaryvalueExpenditureAmount spentfor acquiringassets,goods orservices ExpenseIt is the costincurred forgeneratingrevenueIncomeExcess ofRevenueoverExpensesCashIt is a mostliquidcurrentassetPrepaidExpenseAmount ofexpensepaid inadvanceCapitalIt is the amountinvested by theproprietor andbypartnersDepreciationIt is a fallin thevalue ofan assetBookValueValue at whichthe itemsappear in thebooks ofaccountsCreditorTo whom ourbusinessowes anamountDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorDebtorOwesmoney tothebusiness BalanceSheetStatement offinancialposition of abusiness on aparticular dateLiabilityFinancialobligationsa businessowes toothersInventoryIt includesgoodsunsold on aparticulardateEntityEconomic unitwhich carriesout variouseconomicactivitiesVoucherWrittendocumentin support ofatransactionCurrentAssetsAssets whichare held onshort termbasisRevenueIncomegeneratedfrom the saleof goodsDiscountAmount ofreduction inthe price ofgoods and/orservicesDebitThe leftside of anaccountCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsCreditThe rightside of anaccountReceiptAmountreceivedor receivable forselling goods,services orassetsAssetsAnything thecompanyowns thathas monetaryvalueExpenditureAmount spentfor acquiringassets,goods orservices ExpenseIt is the costincurred forgeneratingrevenueIncomeExcess ofRevenueoverExpensesCashIt is a mostliquidcurrentassetPrepaidExpenseAmount ofexpensepaid inadvanceCapitalIt is the amountinvested by theproprietor andbypartnersDepreciationIt is a fallin thevalue ofan assetBookValueValue at whichthe itemsappear in thebooks ofaccountsCreditorTo whom ourbusinessowes anamountDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorDebtorOwesmoney tothebusiness BalanceSheetStatement offinancialposition of abusiness on aparticular dateLiabilityFinancialobligationsa businessowes toothersInventoryIt includesgoodsunsold on aparticulardateEntityEconomic unitwhich carriesout variouseconomicactivitiesVoucherWrittendocumentin support ofatransactionCurrentAssetsAssets whichare held onshort termbasisRevenueIncomegeneratedfrom the saleof goodsDiscountAmount ofreduction inthe price ofgoods and/orservicesDebitThe leftside of anaccount

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