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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
Define an electronic spreadsheet.
💡 Hint: Think about what a traditional ledger does.
Question 2
Easy
List two functions used in accounting spreadsheets.
💡 Hint: Consider what calculations you might perform on financial data.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is an electronic spreadsheet used for?
- Creating recipes
- Data entry
- Designing graphics
💡 Hint: Consider the primary purpose of the tool.
Question 2
True or False: A trial balance checks if total debits equal total credits.
- True
- False
💡 Hint: Think about what the trial balance verifies.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
You have the following ledger balances: Cash 12,000, Accounts Receivable 4,000, Inventory 8,000, Accounts Payable 10,000. Prepare a trial balance and analyze if it balances.
💡 Hint: List each item under debit and credit correctly.
Question 2
Given the following transactions: Sales: 15,000, Expenses: 8,000, Loan Payment: 3,000. Use an electronic spreadsheet to prepare a Profit & Loss statement.
💡 Hint: Focus on the layout of the spreadsheet to ensure clarity of presentation.
Challenge and get performance evaluation