Expense Money paid to operate the business ASSETS Items that are Owned Post Closing Trial Balance The final financial statement produced in a fiscal year 2/10 2% discount if paid within 10 days of the invoice date ACCOUNT BALANCE Total of the account Transaction Any business activity that changes assets, liability or Owner's Equity Ledgers A group of accounts and their totals Accounts Payable Amount to be paid in the future Terms of sale An agreement between a buyer and seller about payment for merchandise Sole Proprietor A business owned by one person Owner's Equity Amount remaining after Assets - Liabilities ACCOUNT TITLE Information at the top of each financial statement Balance Sheet Financial document showing Assets, Liab & OE Managerial Accounting The management & decision making in business Liability An amount owed Credit limit The maximum outstanding balance allowed to a customer by a vendor. CAPITAL The owner's Investment into the business Business Ethics The principles of right and wrong Financial Statements Financial Records of business activity Merchandise Inventory The goods a business has on hand for sale to customers Debit & Credit Transactions need at least one of EACH of these FINANCIAL STATEMENT Report that summaries the financial condition of a business n/30 No discount, must be paid within 30 days of the invoice date Purchases The account used when buying merchandise Journalizing Recording transactions in a journal Revenue Money earned in business Schedule of Accounts Payable A list of vendor accounts, balances, and total amount owing to all vendors Income Statement Financial document showing Revenue and Expenses Stockholder The owner of shares in a business ACCOUNTING The financial process to recording money transactions Invoice A source document for recording a purchase on account WITHDRAWAL Something has been taken out of the business Financial Accounting Book keeping in a business Partnership Two or more persons combine their assets/skill GAAP The accepted Accounting principals Accounts Receivable Amounts to be received in future due to sale of goods Accounting Equation Assets = Liab + OE Merchandising Business A business that sells products for profit Vendor A business from which merchandise or other assets are purchased Expense Money paid to operate the business ASSETS Items that are Owned Post Closing Trial Balance The final financial statement produced in a fiscal year 2/10 2% discount if paid within 10 days of the invoice date ACCOUNT BALANCE Total of the account Transaction Any business activity that changes assets, liability or Owner's Equity Ledgers A group of accounts and their totals Accounts Payable Amount to be paid in the future Terms of sale An agreement between a buyer and seller about payment for merchandise Sole Proprietor A business owned by one person Owner's Equity Amount remaining after Assets - Liabilities ACCOUNT TITLE Information at the top of each financial statement Balance Sheet Financial document showing Assets, Liab & OE Managerial Accounting The management & decision making in business Liability An amount owed Credit limit The maximum outstanding balance allowed to a customer by a vendor. CAPITAL The owner's Investment into the business Business Ethics The principles of right and wrong Financial Statements Financial Records of business activity Merchandise Inventory The goods a business has on hand for sale to customers Debit & Credit Transactions need at least one of EACH of these FINANCIAL STATEMENT Report that summaries the financial condition of a business n/30 No discount, must be paid within 30 days of the invoice date Purchases The account used when buying merchandise Journalizing Recording transactions in a journal Revenue Money earned in business Schedule of Accounts Payable A list of vendor accounts, balances, and total amount owing to all vendors Income Statement Financial document showing Revenue and Expenses Stockholder The owner of shares in a business ACCOUNTING The financial process to recording money transactions Invoice A source document for recording a purchase on account WITHDRAWAL Something has been taken out of the business Financial Accounting Book keeping in a business Partnership Two or more persons combine their assets/skill GAAP The accepted Accounting principals Accounts Receivable Amounts to be received in future due to sale of goods Accounting Equation Assets = Liab + OE Merchandising Business A business that sells products for profit Vendor A business from which merchandise or other assets are purchased
(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.
Money paid to operate the business
Expense
Items that are Owned
ASSETS
The final financial statement produced in a fiscal year
Post Closing Trial Balance
2% discount if paid within 10 days of the invoice date
2/10
Total of the account
ACCOUNT BALANCE
Any business activity that changes assets, liability or Owner's Equity
Transaction
A group of accounts and their totals
Ledgers
Amount to be paid in the future
Accounts Payable
An agreement between a buyer and seller about payment for merchandise
Terms of sale
A business owned by one person
Sole Proprietor
Amount remaining after Assets - Liabilities
Owner's Equity
Information at the top of each financial statement
ACCOUNT TITLE
Financial document showing Assets, Liab & OE
Balance Sheet
The management & decision making in business
Managerial Accounting
An amount owed
Liability
The maximum outstanding balance allowed to a customer by a vendor.
Credit limit
The owner's Investment into the business
CAPITAL
The principles of right and wrong
Business Ethics
Financial Records of business activity
Financial Statements
The goods a business has on hand for sale to customers
Merchandise Inventory
Transactions need at least one of EACH of these
Debit & Credit
Report that summaries the financial condition of a business
FINANCIAL STATEMENT
No discount, must be paid within 30 days of the invoice date
n/30
The account used when buying merchandise
Purchases
Recording transactions in a journal
Journalizing
Money earned in business
Revenue
A list of vendor accounts, balances, and total amount owing to all vendors
Schedule of Accounts Payable
Financial document showing Revenue and Expenses
Income Statement
The owner of shares in a business
Stockholder
The financial process to recording money transactions
ACCOUNTING
A source document for recording a purchase on account
Invoice
Something has been taken out of the business
WITHDRAWAL
Book keeping in a business
Financial Accounting
Two or more persons combine their assets/skill
Partnership
The accepted Accounting principals
GAAP
Amounts to be received in future due to sale of goods
Accounts Receivable
Assets = Liab + OE
Accounting Equation
A business that sells products for profit
Merchandising Business
A business from which merchandise or other assets are purchased
Vendor