Practice - Preparing Final Accounts Using Spreadsheet
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.
Practice Questions
Test your understanding with targeted questions
What does a Trading Account show?
💡 Hint: Think about sales and cost calculations.
Which function is commonly used to sum total revenues in a spreadsheet?
💡 Hint: Remember how to add multiple entries.
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What is the main purpose of the Trading Account?
💡 Hint: Consider what profits are defined by.
True or False: A Balance Sheet summarizes a company's performance over a period.
💡 Hint: Think about what balance sheets capture versus income statements.
Get performance evaluation
Challenge Problems
Push your limits with advanced challenges
Create a Trading Account for a small business with the following figures: Sales = 150000, COGS = 90000. What is the Gross Profit, and write the spreadsheet formula you would use?
💡 Hint: Break it down into sales and cost entries.
Create a Profit & Loss statement with income of 250000, operating expenses of 80000, and other expenses of 20000. Calculate the Net Profit.
💡 Hint: Think about how to sum total expenses first.
Get performance evaluation
Reference links
Supplementary resources to enhance your learning experience.