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