DebtorOwesmoney tothebusinessBookValueValue at whichthe itemsappear in thebooks ofaccountsCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsIncomeExcess ofRevenueoverExpensesCreditThe rightside of anaccountLiabilityFinancialobligationsa businessowes toothersCapitalIt is the amountinvested by theproprietor andbypartnersDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorCashIt is a mostliquidcurrentassetCreditorTo whom ourbusinessowes anamountDebitThe leftside of anaccountPrepaidExpenseAmount ofexpensepaid inadvance BalanceSheetStatement offinancialposition of abusiness on aparticular dateEntityEconomic unitwhich carriesout variouseconomicactivitiesVoucherWrittendocumentin support ofatransactionReceiptAmountreceivedor receivable forselling goods,services orassetsExpenseIt is the costincurred forgeneratingrevenueInventoryIt includesgoodsunsold on aparticulardateAssetsAnything thecompanyowns thathas monetaryvalueDepreciationIt is a fallin thevalue ofan assetRevenueIncomegeneratedfrom the saleof goodsDiscountAmount ofreduction inthe price ofgoods and/orservicesExpenditureAmount spentfor acquiringassets,goods orservices CurrentAssetsAssets whichare held onshort termbasisDebtorOwesmoney tothebusinessBookValueValue at whichthe itemsappear in thebooks ofaccountsCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsIncomeExcess ofRevenueoverExpensesCreditThe rightside of anaccountLiabilityFinancialobligationsa businessowes toothersCapitalIt is the amountinvested by theproprietor andbypartnersDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorCashIt is a mostliquidcurrentassetCreditorTo whom ourbusinessowes anamountDebitThe leftside of anaccountPrepaidExpenseAmount ofexpensepaid inadvance BalanceSheetStatement offinancialposition of abusiness on aparticular dateEntityEconomic unitwhich carriesout variouseconomicactivitiesVoucherWrittendocumentin support ofatransactionReceiptAmountreceivedor receivable forselling goods,services orassetsExpenseIt is the costincurred forgeneratingrevenueInventoryIt includesgoodsunsold on aparticulardateAssetsAnything thecompanyowns thathas monetaryvalueDepreciationIt is a fallin thevalue ofan assetRevenueIncomegeneratedfrom the saleof goodsDiscountAmount ofreduction inthe price ofgoods and/orservicesExpenditureAmount spentfor acquiringassets,goods orservices CurrentAssetsAssets whichare held onshort termbasis

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