Type
Bingo Cards
Description

Firm
Partners
Partnership deed
fifty
profit sharing ratio
unlimited liabity
equal
no IOC
No IOD
6% p.a
Approriation account
divisible profit
opening capital
lawful business
reconsitution
nominal account

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Key Business Terms Word Search

Type
Word Search
Description

sole proprietor/ Trader
objective
mission statement
market share
added value
shareholders
LLP
limited liability
public limited company
private limited company
sleeping/silent partner
deed of partnership
partnership
unincorporated
bankruptcy
incorporated
private sector
public corporation
public sector
unlimited liability
interdependence
chain of production
tertiary sector
secondary sectors
Stakeholders
Primary sector

Business Puzzle Word Search

Type
Word Search
Description

Capital
Cash
Finance
Franshise
Friends
Grants
independence
Liability
Limited
Loans
Overdraft
Partnership
Payment
Personal
Plan
Private
Profits
Risk
Shares
Trust
Unlimited

Finance Word Search

Type
Word Search
Description

Rights
Lease
Variable
Sale
Profit
Partnership
Expenses
Leverage
Liability
Investor
Equality
Dividend
Loan
Default
Debit
Credit Card
Credit History
Corporation
Capital
Business Plan
Audit
Asset
Annual Meeting
Job
Banking
Economics
Financial Affairs
Investment
Commerce
Accounts
Business
Manage
Budget
Money
Bank

Business Ownership & Registration Crossword

Type
Crossword
Description

Individual or groups that own a business and its legal entities Business Ownership
Law which allows a group of people to conduct business as a single unit Legal Entity
business owned and operated by one indivdual Sole Patnership
Partners share equal liability in profits and losses of the business Genernal Partnership
A business that leases its trade name and operating systemto another person Franchisor
Separate legal entity which forms a board to act as governing bodies Corporation
The right or license to sell a company's product or service at a designated location Franchise
Person or persons who pay fees to a company to operatea business under the franchisor's trade name Franchisee
Partners have an unequal share and liability in the business; They are responsible only for the amount they invested Limited Partnership
business which is granted a charter establishing its own rights, privileges and liabities distinct Separate Legal Entity

Business Crossword

Type
Crossword
Description

an unincorporated business with two or more owners partnership
a business that is registered and operates apart from its owners corporation
an owner of shares of stocks in a corporation shareholders
a business that is owned by one person sole proprietorship
insurance agents debt and actions of a business liability protection
full responsibility for all debts and actions of a business unlimited liability
a participant in a partnership oh has unlimited personal liability and takes full responsibility general partner
a partner in a business who is limited to his or her investment limited partner
an entity that pays taxes on earnings C-corporation
he or she is responsible only up to the amount of the individual investment limited liability
a corporation that is taxed like a partner ship Sub chapter S corperation
a legal entity that makes money for reasons other than the owners profit nonprofit corporation
a company who's owner and managers have limited liability and some tax benefits limited liability company

Business organizations Crossword

Type
Crossword
Description

Anything of value or belonging to you Assets
A formal contract to repay borrowed money Bond
An establishment formed to carry on commercial enterprise Business organization
A legal entity made up of shareholders Corporation
Refers to the entity responsible for the day to day operations of the business Decision-making
Corporate profits paid to shareholders Dividend
When the company is taxed on its profits then shareholders are taxed again on the dividends they earn from the company Double taxation
Makes decisions about CELL Entrepreneur
A semi independent business that pays fees to a parent company in exchange for the rights to sell a good or service Franchise
Combination of two or more firms in the same market with the same good or services Horizontal merger
Legally bound to pay debts Liability
The owners of the corporation cannot lose more than what they paid for their stock if the corporation fails Limited liability
The death of an owner ends the business and it must be reestablished in the new owners names Limited life
One partner is the general partner and the other is usually "silent" only providing money Limited partnership
Institution that functions as business but does not turn a profit Nonprofit organization
Everyone can compete in the market place Open opportunity
A business owned and managed by two or more people Partnership
Combines productive resources to make final goods or services Producer
A business owned and managed by a single person Sole proprietorship
Ownership in a corporation Stock
Products available in the marketplace Supply
Ones personal assets can be seized to pay business debts Unlimited liability
The combination of two or more firms involved in different stages of producing the same good or service Vertical merger

Accounting for partnership : Basic concepts Worksheet

Type
Matching Worksheet
Description

The law relating to partnership is contained in the Indian Partnership Act,1932
any trade,occupation or profession business
excess of returns over outlays profits
Should be carried on by all the partners or some of them acting for all mutual agency
all the partners are liable, jointly and severely for all the debts and obligations of the firm unlimited liability
each partner should act as a trustee for other partners utmost good faith
a firm is not a legal entity no separate legal existence
the document in writing containing the various terms and conditions as to the relationship of the partners to each other is called the Partnership Deed
profit or loss sharing (in the absence of agreement) Shared equally
the capital balance of each partner is kept unaltered every year by means of a provision in the partnership deed Fixed capital system

Business Terms Crossword

Type
Crossword
Description

How a business owner intends to organize an entrepreneurial endeavor. Business Plan
Capital provided by outside investors for financing of new businesses. Venture capital
An agent that provides financial services for its clients. financial institution
Business that provides banking services for profit. bank
Traditional ___ include receiving deposits of money, lending money and processing transactions. banking services
Some of these issue banknotes as legal tender. Banks of Issue
A not-for-profit co-operative financial institution owned and controlled by its members credit union
An asset is usually purchased in hopes of getting a future return or interest from ___. investing
It's limited to a partner or investor’s investment. Limited liability
Sole proprietorships and general partnerships in which the owner or partners are each liable for business debts. Unlimited liability
An unincorporated business with a single owner. Sole Proprietorship
Where two or more individuals share the profits and liabilities of a business venture. Partnership
A legal entity that is separate and distinct from its owners. Corporation
Organization owned and operated for the benefit of those using its services. Cooperatives

Partnership Accounting Word Search

Type
Word Search
Description

Adjustment
Asset
Capital
Dissolution
Drawings
Goodwill
Interest
Partner
Profit
Ratio

Introduction to Partnership Firm Bingo Cards

Type
Bingo Cards
Description

Partnership Deed
Partnership
Minor Partner
Active Partner
Partner by estoppel
Interest on capital
Interest on drawing
Sleeping Partner
Bad debts
Commission received
Commission allowed
Goods stolen
Trial balance
Ledger Account
Opening Stock
Closing Stock
Prepaid Income
Fluctuating Capital Method
Fixed Capital Method
Profit sharing ratio is equal
Expenses due but not paid
Limited liability
return inward
return outward

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