BalanceSheetStatement offinancialposition of abusiness on aparticular datePrepaidExpenseAmount ofexpensepaid inadvanceCapitalIt is the amountinvested by theproprietor andbypartnersExpenseIt is the costincurred forgeneratingrevenueInventoryIt includesgoodsunsold on aparticulardateCreditThe rightside of anaccountAssetsAnything thecompanyowns thathas monetaryvalueCashIt is a mostliquidcurrentassetEntityEconomic unitwhich carriesout variouseconomicactivitiesIncomeExcess ofRevenueoverExpensesCreditorTo whom ourbusinessowes anamountDebtorOwesmoney tothebusinessCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorBookValueValue at whichthe itemsappear in thebooks ofaccountsReceiptAmountreceivedor receivable forselling goods,services orassetsDiscountAmount ofreduction inthe price ofgoods and/orservicesExpenditureAmount spentfor acquiringassets,goods orservices DebitThe leftside of anaccountVoucherWrittendocumentin support ofatransactionCurrentAssetsAssets whichare held onshort termbasisLiabilityFinancialobligationsa businessowes toothersRevenueIncomegeneratedfrom the saleof goodsDepreciationIt is a fallin thevalue ofan asset BalanceSheetStatement offinancialposition of abusiness on aparticular datePrepaidExpenseAmount ofexpensepaid inadvanceCapitalIt is the amountinvested by theproprietor andbypartnersExpenseIt is the costincurred forgeneratingrevenueInventoryIt includesgoodsunsold on aparticulardateCreditThe rightside of anaccountAssetsAnything thecompanyowns thathas monetaryvalueCashIt is a mostliquidcurrentassetEntityEconomic unitwhich carriesout variouseconomicactivitiesIncomeExcess ofRevenueoverExpensesCreditorTo whom ourbusinessowes anamountDebtorOwesmoney tothebusinessCurrentLiabilityobligationswhich arepayable withinperiod of 12monthsDrawingIt is the amount ofcash or goodswithdrawn fromthe businessby the proprietorBookValueValue at whichthe itemsappear in thebooks ofaccountsReceiptAmountreceivedor receivable forselling goods,services orassetsDiscountAmount ofreduction inthe price ofgoods and/orservicesExpenditureAmount spentfor acquiringassets,goods orservices DebitThe leftside of anaccountVoucherWrittendocumentin support ofatransactionCurrentAssetsAssets whichare held onshort termbasisLiabilityFinancialobligationsa businessowes toothersRevenueIncomegeneratedfrom the saleof goodsDepreciationIt is a fallin thevalue ofan asset

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