(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. 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.
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A sale for which payment will be received at a later date
Sale on Account
Any business activity that changes assets, liabilities, or owner's equity
Transaction
Financial rights to the assets of a business
Equities
A formal written document that describes the nature of a business and how it will operate
Business Plan
An accountant who combines accounting and investigating skills to uncover suspected fraudulent business activity, or to prevent such activity
Forensic Accountant
The name given to an account
Account Title
The amount remaining after the value of all liabilities is subtracted from the value of all assets
Owner's Equity
A business form giving written acknowledgment for cash received
Receipt
A planned process designed to compile financial data and summarize the results in accounting records and reports
Accounting System
The use of ethics in making business decisions
Business Ethics
An account used to summarize the owner's equity in a business
Capital Account
The cost of goods or services used to operate a business
Expense
An equation showing the relationship amount assets, liabilities, and owner's equity
Accounting Equation
A formal report that shows what an individual owns, what an individual owes, and the difference between the two
Net Worth Statements
A form on which a brief message is written to describe a transaction
Memorandum
The side of an account that is increased is called the ...
Normal Balance
An amount recorded on the right side of an account
Credit
A business owned by one perosn
Proprietorship
A business paper from which information is obtained for a journal entry
Source Document
a form for recording transactions in chronological order
Journal
A form describing the goods or services sold, the quantity, the price, and the terms of sale
Invoice
A business that performs an activity for a fee
Service business
Generally accepted accounting principles. Th standards and rules that accountants follow while recording and reporting financial activities.
GAAP
A right granted to an individual or business to sell the products or services of another, larger business within a defined geographical area
Franchise
Information for each transaction recorded in a journal
Entry
Amount recorded on the left side of an account
Debit
An increase in equity resulting from the sale of goods or services
Revenue
The difference between personal assets and personal liabilities
Personal Net Worth
The process of planning, recording, analyzing, and interpreting financial information
Accounting
Interest paid on an original amount deposited in a bank plus any interest that has been paid
Compound Interest
A business form ordering a bank to pay cash from a bank account
Check
Determining that the amount of cash agrees with the accounting records
Proving Cash
Amounts to be received in the future due to the sale of goods or services
Accounts Receivable
Amounts to be paid in the future for goods or services already acquired
Accounts Payable
An amount paid for the use of money for a period of time
Interest
The principles of right and wrong that guide an individual in making decisions
Ethics
An invoice used as a source document for recording a sale on account
Sales Invoice
The difference between the increases and decreases in an account
Account Balance
An accounting device used to analyze transactions
T-Account
A person or business to whom a liability is owed
Creditor
The difference between assets and liabilities
Equity
Financial reports that summarize the financial condition and operations of a business
Financial Statements
An amount owed
Liability
A record that summarizes all the transactions pertaining to a single item in the accounting equation
Account
Recording transactions in a journal
Journalizing
A list of accounts used by a business
Chart of Accounts (COA)
The recording of debit and credit parts of a transaction
Double-Entry Accounting
Assets taken from the business for the owner's personal use
Withdrawals
