Chapter 6: The trial balance

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Across
  1. 2. An error occurring when an entry is made in the wrong class of account (e.g., treating capital expenditure as revenue).
  2. 5. An error where a wrong figure is entered into the primary document/journal and posted to both accounts.
  3. 7. An error where an entry is made in the wrong account of the same class (e.g., wrong person's account).
  4. 9. Unfinished items in manufacturing that are only partly completed.
  5. 10. The column side in a trial balance used for assets, expenses, drawings, and opening inventory.
  6. 11. A statement listing account names and their balances in debit and credit columns on a certain date.
  7. 14. The value of inventory remaining unsold at the end of the financial year.
  8. 15. An error where a transaction is completely left out of the accounting records.
  9. 16. An error where the correct amounts are posted, but debits and credits are entered on the wrong sides.
Down
  1. 1. An error where two or more independent mistakes cancel each other out.
  2. 3. Inventory a business has at the start of the year, recorded as a debit balance.
  3. 4. The column side in a trial balance used for liabilities, capital, and income.
  4. 6. Products that are fully completed and ready for sale after going through manufacturing.
  5. 8. A credit bank balance occurring when a business withdraws more money than it has deposited.
  6. 12. When a total or column in an account is added up to a figure lower than the actual sum.
  7. 13. When a total or column in an account is added up to a figure higher than the actual sum.