Professional Courses
Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.
Categories
Interactive Games
Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.
Typing
Memory
Math
English Adventures
Knowledge
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 related to the topic.
Question 1
Easy
What is the purpose of a trading account?
💡 Hint: Think about how businesses evaluate their primary sales performance.
Question 2
Easy
Define net profit.
💡 Hint: It’s the bottom line on the profit and loss account.
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 the primary purpose of the trading account?
- Calculate net profit
- Calculate gross profit
- List assets and liabilities
💡 Hint: Think about which account relates directly to sales performance.
Question 2
True or False: The balance sheet shows the net profit of a business.
- True
- False
💡 Hint: Consider what a balance sheet represents.
Solve 2 more questions and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A company starts with a cash sales revenue of ₹150,000, and its opening stock is ₹20,000. They make purchases totaling ₹70,000 and have closing stock of ₹30,000. Calculate the gross profit.
💡 Hint: Use the gross profit formula and substitute the values.
Question 2
If a business records indirect expenses totaling ₹18,000 and finds a gross profit of ₹45,000, what will be the net profit for the business?
💡 Hint: Directly subtract indirect expenses from gross profit.
Challenge and get performance evaluation