Accounting concepts - Call List

(Print) Use this randomly generated list as your call list when playing the game. 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.

1. N-services rendered
   N-current income
2. N-these have to be completed for every transaction
   N-source documents
3. N-day to day items that the business pays for
   N-expense
4. B-what the owner gives to start the business
   B-capital
5. N-buy trading stock without paying
   N-trading stock increase & creditors control increase
6. I-money from the bank that can be used by the business
   I-loan
7. B-the worth of the business
   B-owners equity
8. N-the business adds a percentage onto the cost price
   N-Mark up
9. G-the cost price of the goods sold
   G-cost of sales
10. I-a copy of the businesses bank account
    I-bank statement
11. B-an expense
    B-wages
12. I-the owner take money from the business
    I-drawings
13. N-an internet payment
    N-EFT
14. G-bought goods but have not paid
    G-creditors control
15. B-Free!
16. I-for every debit there has to be a credit
    I-double entry principle
17. I-the term for money owed by the business
    I-liabilities
18. B-when the customer pays in cash
    B-Cash register roll
19. B-using more money than there is in the bank account
    B-bank overdraft
20. G-used to buy small purchases
    G-petty cash
21. G-the business sells this to make a profit
    G-trading stock
22. N-possessions owned by the business
    N-assets
23. I-the name of the account when the business sells a product
    I-income
24. B-the business buys trading stock
    B-bank decrease and trading stock increase
25. G-the receipt that is kept by the business
    G-duplicate receipt
26. G-used for change to give to customers
    G-cash float
27. I-someone who owes money to the business
    I-debtors control