Accn1

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  • Created by: Tyla
  • Created on: 11-12-13 13:06
J U J S W Y W L Q T H J O L C D T F E P G
G E S R D T U R S S X A Q V O I R V P A Y
C F E O U I Y Q E I W Y X T S S A C D O V
B R U R F L I P U L Y H V H T C D X C B Q
W E Q R Q I B I Q S T P U X O O E R D N H
S V E E T B K A E E I H I I F U R S E L G
C E H G T A A T H L L C G S S N E I D S D
N R C N D I F C C B I N E A A T C H X I K
I S D I W L B G D A B T K L L R E J T E U
H A E T X T W F E Y A L L R E E I A C S Q
N L T A L N P J R A I O N N S C V V S A U
C O N S H E C V U P L F K B F E A H Q E I
V F E N B R A C O E T W R M O I B V Q I S
D E S E E R K S N D N X K E R V L W G I W
W N E P Y U E Y O A E O H G M E E T T H P
X T R M I C H H H R R B F P U D S J B C E
Q R P O C N U B S T R C R J L T L M G F L
R I N C K O V S I A U Y S D A P I P B J H
K E U K Q N X X D C C U M E Y A S I Y J R
P S F X V B L B Y M K S K U P C T J E L P
D J H R N A C D K C Y E E C R U X F V A P

Clues

  • A list of all the balances brought down from the creditor accounts in the purchases ledger. (5, 8, 4)
  • A list of all the balances brought down from the debtors accounts in the sales ledger. (5, 11, 4)
  • Correct amounts entered on the wrong side. (8, 2, 7)
  • discount received from suppliers for settling our bills promptly. Increase in Revenue (8, 8)
  • is a debt that must be repaid within one year. (7, 9)
  • is a debt that will take more than one year to repay. (3, 7, 9)
  • Mistake of equal value on both sides. (12, 6)
  • Opening inventory +purchases +carriage inwards -Returns Outward -Goods taken for own use -Closing inventory =Cost of sales (4, 2, 5, 7)
  • When cheques have been issued by a business but not paid into the bank by the recipient or have not cleared yet. (11, 7)
  • When the drawers bank refuses to pay. This may be because there is an error on the cheque, the drawer asked for the cheque to be stopped or they don’t have enough money in the bank to cover the cost of the cheque. (11, 7)

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