Practice Exercise Questions - 14 | Chapter 6: Accounting Application of Electronic Spreadsheet | ICSE Class 12 Accounts
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

Define an electronic spreadsheet.

πŸ’‘ Hint: Think about what a traditional ledger does.

Question 2

Easy

List two functions used in accounting spreadsheets.

πŸ’‘ 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

πŸ’‘ 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

πŸ’‘ 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.

πŸ’‘ 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.

πŸ’‘ Hint: Focus on the layout of the spreadsheet to ensure clarity of presentation.

Challenge and get performance evaluation