trading stockincrease &creditorscontrolincreasebuy tradingstockwithoutpayingliabilitiesthe term formoney owedby thebusinesscreditorscontrolboughtgoods buthave notpaidexpenseday to dayitems thatthe businesspays forFree!EFTaninternetpaymentdoubleentryprinciplefor everydebit therehas to be acreditdebtorscontrolsomeonewho owesmoney to thebusinessassetspossessionsowned bythe businesscost ofsalesthe costprice ofthe goodssoldbankoverdraftusing moremoney thanthere is inthe bankaccountwagesanexpensecapitalwhat theowner givesto start thebusinessbankdecreaseand tradingstockincreasethe businessbuys tradingstockMarkupthe businessadds apercentageonto the costpriceduplicatereceiptthe receiptthat is keptby thebusinesscurrentincomeservicesrenderedbankstatementa copy of thebusinessesbankaccountownersequitythe worthof thebusinesspettycashused tobuy smallpurchasesCashregisterrollwhen thecustomerpays incashcashfloatused forchange togive tocustomersloanmoney fromthe bank thatcan be usedby thebusinesssourcedocumentsthese haveto becompletedfor everytransactionincomethe name ofthe accountwhen thebusiness sellsa producttradingstockthe businesssells this tomake a profitdrawingsthe ownertake moneyfrom thebusinesstrading stockincrease &creditorscontrolincreasebuy tradingstockwithoutpayingliabilitiesthe term formoney owedby thebusinesscreditorscontrolboughtgoods buthave notpaidexpenseday to dayitems thatthe businesspays forFree!EFTaninternetpaymentdoubleentryprinciplefor everydebit therehas to be acreditdebtorscontrolsomeonewho owesmoney to thebusinessassetspossessionsowned bythe businesscost ofsalesthe costprice ofthe goodssoldbankoverdraftusing moremoney thanthere is inthe bankaccountwagesanexpensecapitalwhat theowner givesto start thebusinessbankdecreaseand tradingstockincreasethe businessbuys tradingstockMarkupthe businessadds apercentageonto the costpriceduplicatereceiptthe receiptthat is keptby thebusinesscurrentincomeservicesrenderedbankstatementa copy of thebusinessesbankaccountownersequitythe worthof thebusinesspettycashused tobuy smallpurchasesCashregisterrollwhen thecustomerpays incashcashfloatused forchange togive tocustomersloanmoney fromthe bank thatcan be usedby thebusinesssourcedocumentsthese haveto becompletedfor everytransactionincomethe name ofthe accountwhen thebusiness sellsa producttradingstockthe businesssells this tomake a profitdrawingsthe ownertake moneyfrom 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
I I
3
G G
4
N N
5
B
6
N N
7
I I
8
I I
9
N N
10
G G
11
B B
12
B B
13
B B
14
B B
15
N N
16
G G
17
N N
18
I I
19
B B
20
G G
21
B B
22
G G
23
I I
24
N N
25
I I
26
G G
27
I I
  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