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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is an electronic spreadsheet?
💡 Hint: Think about how they replace paper ledgers.
Question 2
Easy
List the basic structure of an electronic spreadsheet.
💡 Hint: Consider how the layout is organized.
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 a primary function of an electronic spreadsheet?
- Data visualization
- Automating calculations
- Printing reports
💡 Hint: Think about what makes spreadsheets efficient.
Question 2
True or False: A trial balance shows only debit balances.
- True
- False
💡 Hint: What is the purpose of a trial balance?
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Prepare a mock trial balance for the fictional company 'ABC Ltd.' with the following figures: Cash: ₹30,000, Capital: ₹20,000, Sales: ₹50,000, Purchases: ₹40,000.
💡 Hint: Start by listing the balances accordingly.
Question 2
Explain the impact of a formula error in a trial balance. How might it affect an accountant's decision-making?
💡 Hint: Consider the ripple effects of mistakes in financial reporting.
Challenge and get performance evaluation