Bookkeeping bingo

Exercise and reference answers

Clues and terms

1. Clue

   Recorded on the left.

   Item

   Debit

2. Clue

   Recorded on the right.

   Item

   Credit

3. Clue

   Book of original entry.

   Item

   Journal

4. Clue

   Every account and balance.

   Item

   Ledger

5. Clue

   Nonzero balances listed.

   Item

   Trial balance

6. Clue

   Costs with their revenues.

   Item

   Matching

7. Clue

   Value at acquisition date.

   Item

   Cost

8. Clue

   Report the cautious figure.

   Item

   Conservatism

9. Clue

   Business keeps operating.

   Item

   Going concern

Instructions

Read each clue and tap the term it describes.

Explanation