assets =liabilities +owner'sequityTheaccountingequationCPACertifiedPublicAccountantW-4form used toreport anemployee'swithholdingallowancestransactionsbusinessactivities thatchange theaccountingequationjournalform used torecordtransactions ina chronologicalorderincomestatementA financialstatementshowing therevenue andexpenses for afiscal periodMatchingExpenseswithRevenuerecordingexpensesand revenuein sameperiodverify thatthe columntotals arecorrectpurpose of adouble-linerule usedwhen rulinga journalbalancesheetowner's Capitalaccount shouldbe the same asthe Capitalaccount balancein the:write theaccountname andthe accountnumberhow to openan accountin thegeneralledgerdouble-entryaccountingconcept thatyou record adebit andcredit for eachtransactionthepurchasingand sellingof productsWhat accountingactivities make amerchandisingbusiness differfrom a servicebusiness?writing thecustomernumber in thePost. Ref.column of thejournallast step inposting to anaccountsreceivableledgerchart ofaccountslist ofaccountsused by abusinessdebitleft sideof the T-accountdebitCash,creditCapitalrecord a receiptshowing thatcash wasreceived fromthe owner as aninvestmentledgerform thatsummarizes allthe changes to asingle account inone placepettycashcash that abusiness keepson hand forsmall paymentsor purchasesforensicaccountinguncoveringillicit activityand trackingcriminalfundingsoleproprietorshiptype ofbusinessowned byone personmultiplyingthe totalearnings bythe tax rateSocialSecurity taxand Medicaretax arecalculated bytemporaryaccountsAccounts that areused to gatherinformation until itis transferred to apermanentaccountcreditright sideof the T-accountintegritythe quality ofbeing honestand havingstrong moralprinciplesassets =liabilities +owner'sequityTheaccountingequationCPACertifiedPublicAccountantW-4form used toreport anemployee'swithholdingallowancestransactionsbusinessactivities thatchange theaccountingequationjournalform used torecordtransactions ina chronologicalorderincomestatementA financialstatementshowing therevenue andexpenses for afiscal periodMatchingExpenseswithRevenuerecordingexpensesand revenuein sameperiodverify thatthe columntotals arecorrectpurpose of adouble-linerule usedwhen rulinga journalbalancesheetowner's Capitalaccount shouldbe the same asthe Capitalaccount balancein the:write theaccountname andthe accountnumberhow to openan accountin thegeneralledgerdouble-entryaccountingconcept thatyou record adebit andcredit for eachtransactionthepurchasingand sellingof productsWhat accountingactivities make amerchandisingbusiness differfrom a servicebusiness?writing thecustomernumber in thePost. Ref.column of thejournallast step inposting to anaccountsreceivableledgerchart ofaccountslist ofaccountsused by abusinessdebitleft sideof the T-accountdebitCash,creditCapitalrecord a receiptshowing thatcash wasreceived fromthe owner as aninvestmentledgerform thatsummarizes allthe changes to asingle account inone placepettycashcash that abusiness keepson hand forsmall paymentsor purchasesforensicaccountinguncoveringillicit activityand trackingcriminalfundingsoleproprietorshiptype ofbusinessowned byone personmultiplyingthe totalearnings bythe tax rateSocialSecurity taxand Medicaretax arecalculated bytemporaryaccountsAccounts that areused to gatherinformation until itis transferred to apermanentaccountcreditright sideof the T-accountintegritythe quality ofbeing honestand havingstrong moralprinciples

Accounting Review - 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.


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  1. The accounting equation
    assets = liabilities + owner's equity
  2. Certified Public Accountant
    CPA
  3. form used to report an employee's withholding allowances
    W-4
  4. business activities that change the accounting equation
    transactions
  5. form used to record transactions in a chronological order
    journal
  6. A financial statement showing the revenue and expenses for a fiscal period
    income statement
  7. recording expenses and revenue in same period
    Matching Expenses with Revenue
  8. purpose of a double-line rule used when ruling a journal
    verify that the column totals are correct
  9. owner's Capital account should be the same as the Capital account balance in the:
    balance sheet
  10. how to open an account in the general ledger
    write the account name and the account number
  11. concept that you record a debit and credit for each transaction
    double-entry accounting
  12. What accounting activities make a merchandising business differ from a service business?
    the purchasing and selling of products
  13. last step in posting to an accounts receivable ledger
    writing the customer number in the Post. Ref. column of the journal
  14. list of accounts used by a business
    chart of accounts
  15. left side of the T-account
    debit
  16. record a receipt showing that cash was received from the owner as an investment
    debit Cash, credit Capital
  17. form that summarizes all the changes to a single account in one place
    ledger
  18. cash that a business keeps on hand for small payments or purchases
    petty cash
  19. uncovering illicit activity and tracking criminal funding
    forensic accounting
  20. type of business owned by one person
    sole proprietorship
  21. Social Security tax and Medicare tax are calculated by
    multiplying the total earnings by the tax rate
  22. Accounts that are used to gather information until it is transferred to a permanent account
    temporary accounts
  23. right side of the T-account
    credit
  24. the quality of being honest and having strong moral principles
    integrity