currentincomeservicesrenderedsourcedocumentsthese haveto becompletedfor everytransactionexpenseday to dayitems thatthe businesspays forcapitalwhat theowner givesto start thebusinesstrading stockincrease &creditorscontrolincreasebuy tradingstockwithoutpayingloanmoney fromthe bank thatcan be usedby thebusinessownersequitythe worthof thebusinessMarkupthe businessadds apercentageonto the costpricecost ofsalesthe costprice ofthe goodssoldbankstatementa copy of thebusinessesbankaccountwagesanexpensedrawingsthe ownertake moneyfrom thebusinessEFTaninternetpaymentcreditorscontrolboughtgoods buthave notpaidFree!doubleentryprinciplefor everydebit therehas to be acreditliabilitiesthe term formoney owedby thebusinessCashregisterrollwhen thecustomerpays incashbankoverdraftusing moremoney thanthere is inthe bankaccountpettycashused tobuy smallpurchasestradingstockthe businesssells this tomake a profitassetspossessionsowned bythe businessincomethe name ofthe accountwhen thebusiness sellsa productbankdecreaseand tradingstockincreasethe businessbuys tradingstockduplicatereceiptthe receiptthat is keptby thebusinesscashfloatused forchange togive tocustomersdebtorscontrolsomeonewho owesmoney to thebusinesscurrentincomeservicesrenderedsourcedocumentsthese haveto becompletedfor everytransactionexpenseday to dayitems thatthe businesspays forcapitalwhat theowner givesto start thebusinesstrading stockincrease &creditorscontrolincreasebuy tradingstockwithoutpayingloanmoney fromthe bank thatcan be usedby thebusinessownersequitythe worthof thebusinessMarkupthe businessadds apercentageonto the costpricecost ofsalesthe costprice ofthe goodssoldbankstatementa copy of thebusinessesbankaccountwagesanexpensedrawingsthe ownertake moneyfrom thebusinessEFTaninternetpaymentcreditorscontrolboughtgoods buthave notpaidFree!doubleentryprinciplefor everydebit therehas to be acreditliabilitiesthe term formoney owedby thebusinessCashregisterrollwhen thecustomerpays incashbankoverdraftusing moremoney thanthere is inthe bankaccountpettycashused tobuy smallpurchasestradingstockthe businesssells this tomake a profitassetspossessionsowned bythe businessincomethe name ofthe accountwhen thebusiness sellsa productbankdecreaseand tradingstockincreasethe businessbuys tradingstockduplicatereceiptthe receiptthat is keptby thebusinesscashfloatused forchange togive tocustomersdebtorscontrolsomeonewho owesmoney to thebusiness

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 N
2
N N
3
N N
4
B B
5
N N
6
I I
7
B B
8
N N
9
G G
10
I I
11
B B
12
I I
13
N N
14
G G
15
B
16
I I
17
I I
18
B B
19
B B
20
G G
21
G G
22
N N
23
I I
24
B B
25
G G
26
G G
27
I I
  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