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