ProvingCashDetermining thatthe amount ofcash agreeswith theaccountingrecordsExpenseThe cost ofgoods orservices usedto operate abusinessRevenueAn increase inequity resultingfrom the sale ofgoods orservicesFranchiseA right granted to anindividual or businessto sell the products orservices of another,larger business withina definedgeographical areaCapitalAccountAn accountused tosummarize theowner's equityin a businessNet WorthStatementsA formal report thatshows what anindividual owns,what an individualowes, and thedifference betweenthe twoSalesInvoiceAn invoice usedas a sourcedocument forrecording a saleon accountLiabilityAnamountowedForensicAccountantAn accountant whocombines accountingand investigatingskills to uncoversuspected fraudulentbusiness activity, orto prevent suchactivityT-AccountAnaccountingdevice usedto analyzetransactionsPersonalNetWorthThe differencebetweenpersonal assetsand personalliabilitiesEquityThedifferencebetweenassets andliabilitiesDouble-EntryAccountingTherecording ofdebit andcredit parts ofa transactionBusinessEthicsThe use ofethics inmakingbusinessdecisionsSourceDocumentA businesspaper fromwhichinformation isobtained for ajournal entryTransactionAny businessactivity thatchanges assets,liabilities, orowner's equityJournala form forrecordingtransactions inchronologicalorderInterestAn amountpaid for theuse of moneyfor a periodof timeEthicsThe principles ofright and wrongthat guide anindividual inmaking decisionsOwner'sEquityThe amountremaining after thevalue of allliabilities issubtracted fromthe value of allassetsEquitiesFinancialrights to theassets of abusinessCompoundInterestInterest paid on anoriginal amountdeposited in abank plus anyinterest that hasbeen paidServicebusinessA businessthatperforms anactivity for afeeInvoiceA form describingthe goods orservices sold, thequantity, the price,and the terms ofsaleAccountingEquationAn equationshowing therelationshipamount assets,liabilities, andowner's equityAccountA record thatsummarizes all thetransactionspertaining to asingle item in theaccountingequationNormalBalanceThe side ofan accountthat isincreased iscalled the ...AccountBalanceThe differencebetween theincreases anddecreases inan accountAccountingSystemA planned processdesigned to compilefinancial data andsummarize theresults in accountingrecords and reportsChart ofAccounts(COA)A list ofaccountsused by abusinessCheckA businessform orderinga bank to paycash from abank accountCreditorA person orbusiness towhom aliability isowed Sale onAccountA sale forwhichpayment willbe receivedat a later dateAccountTitleThe namegiven toanaccountProprietorshipA businessowned byoneperosnAccountingThe process ofplanning,recording,analyzing, andinterpretingfinancialinformationWithdrawalsAssets takenfrom thebusiness forthe owner'spersonal useAssetAnythingof valuethat isownedAccountsReceivableAmounts to bereceived in thefuture due tothe sale ofgoods orservicesBusinessPlanA formal writtendocument thatdescribes thenature of abusiness and howit will operateMemorandumA form onwhich a briefmessage iswritten todescribe atransactionCreditAn amountrecorded onthe right sideof anaccountJournalizingRecordingtransactionsin a journalFinancialStatementsFinancial reportsthat summarizethe financialcondition andoperations of abusinessDebitAmountrecorded onthe left sideof anaccountEntryInformationfor eachtransactionrecorded in ajournalAccountsPayableAmounts to bepaid in the futurefor goods orservices alreadyacquiredGAAPGenerally acceptedaccounting principles.Th standards andrules thataccountants followwhile recording andreporting financialactivities.ReceiptA business formgiving writtenacknowledgmentfor cashreceivedProvingCashDetermining thatthe amount ofcash agreeswith theaccountingrecordsExpenseThe cost ofgoods orservices usedto operate abusinessRevenueAn increase inequity resultingfrom the sale ofgoods orservicesFranchiseA right granted to anindividual or businessto sell the products orservices of another,larger business withina definedgeographical areaCapitalAccountAn accountused tosummarize theowner's equityin a businessNet WorthStatementsA formal report thatshows what anindividual owns,what an individualowes, and thedifference betweenthe twoSalesInvoiceAn invoice usedas a sourcedocument forrecording a saleon accountLiabilityAnamountowedForensicAccountantAn accountant whocombines accountingand investigatingskills to uncoversuspected fraudulentbusiness activity, orto prevent suchactivityT-AccountAnaccountingdevice usedto analyzetransactionsPersonalNetWorthThe differencebetweenpersonal assetsand personalliabilitiesEquityThedifferencebetweenassets andliabilitiesDouble-EntryAccountingTherecording ofdebit andcredit parts ofa transactionBusinessEthicsThe use ofethics inmakingbusinessdecisionsSourceDocumentA businesspaper fromwhichinformation isobtained for ajournal entryTransactionAny businessactivity thatchanges assets,liabilities, orowner's equityJournala form forrecordingtransactions inchronologicalorderInterestAn amountpaid for theuse of moneyfor a periodof timeEthicsThe principles ofright and wrongthat guide anindividual inmaking decisionsOwner'sEquityThe amountremaining after thevalue of allliabilities issubtracted fromthe value of allassetsEquitiesFinancialrights to theassets of abusinessCompoundInterestInterest paid on anoriginal amountdeposited in abank plus anyinterest that hasbeen paidServicebusinessA businessthatperforms anactivity for afeeInvoiceA form describingthe goods orservices sold, thequantity, the price,and the terms ofsaleAccountingEquationAn equationshowing therelationshipamount assets,liabilities, andowner's equityAccountA record thatsummarizes all thetransactionspertaining to asingle item in theaccountingequationNormalBalanceThe side ofan accountthat isincreased iscalled the ...AccountBalanceThe differencebetween theincreases anddecreases inan accountAccountingSystemA planned processdesigned to compilefinancial data andsummarize theresults in accountingrecords and reportsChart ofAccounts(COA)A list ofaccountsused by abusinessCheckA businessform orderinga bank to paycash from abank accountCreditorA person orbusiness towhom aliability isowedSale onAccountA sale forwhichpayment willbe receivedat a later dateAccountTitleThe namegiven toanaccountProprietorshipA businessowned byoneperosnAccountingThe process ofplanning,recording,analyzing, andinterpretingfinancialinformationWithdrawalsAssets takenfrom thebusiness forthe owner'spersonal useAssetAnythingof valuethat isownedAccountsReceivableAmounts to bereceived in thefuture due tothe sale ofgoods orservicesBusinessPlanA formal writtendocument thatdescribes thenature of abusiness and howit will operateMemorandumA form onwhich a briefmessage iswritten todescribe atransactionCreditAn amountrecorded onthe right sideof anaccountJournalizingRecordingtransactionsin a journalFinancialStatementsFinancial reportsthat summarizethe financialcondition andoperations of abusinessDebitAmountrecorded onthe left sideof anaccountEntryInformationfor eachtransactionrecorded in ajournalAccountsPayableAmounts to bepaid in the futurefor goods orservices alreadyacquiredGAAPGenerally acceptedaccounting principles.Th standards andrules thataccountants followwhile recording andreporting financialactivities.ReceiptA business formgiving writtenacknowledgmentfor cashreceived

Accounting Vocab Ch. 1-3 - Call List

(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.


1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49