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