GAAPObligation topay a debtthat has notyet beenpaidAll debtsthat areyet to bepaidMoneyearnedMoneyearned thathas not yetbeencollectedResource witheconomic valueowned with theexpectation that itwill provide afuture benefitAssets =Liabilities+ EquityFinancialstatement ofrevenue,expenses, andprofit or lossAssetspurchasedto sellDollaramountearned asprofitIncreasein assetaccountIncreasein liabilityaccountFree!Value afterliabilities areremovedfrom assetsCostincurredA financialstatement ofall assets,liabilities,and equityGAAPObligation topay a debtthat has notyet beenpaidAll debtsthat areyet to bepaidMoneyearnedMoneyearned thathas not yetbeencollectedResource witheconomic valueowned with theexpectation that itwill provide afuture benefitAssets =Liabilities+ EquityFinancialstatement ofrevenue,expenses, andprofit or lossAssetspurchasedto sellDollaramountearned asprofitIncreasein assetaccountIncreasein liabilityaccountFree!Value afterliabilities areremovedfrom assetsCostincurredA financialstatement ofall assets,liabilities,and equity

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. GAAP
  2. Obligation to pay a debt that has not yet been paid
  3. All debts that are yet to be paid
  4. Money earned
  5. Money earned that has not yet been collected
  6. Resource with economic value owned with the expectation that it will provide a future benefit
  7. Assets = Liabilities + Equity
  8. Financial statement of revenue, expenses, and profit or loss
  9. Assets purchased to sell
  10. Dollar amount earned as profit
  11. Increase in asset account
  12. Increase in liability account
  13. Free!
  14. Value after liabilities are removed from assets
  15. Cost incurred
  16. A financial statement of all assets, liabilities, and equity