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 the Profit and Loss Account?
💡 Hint: Think about income versus expenses.
Question 2
Easy
Name one example of an indirect expense.
💡 Hint: Consider costs not related to production.
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 main purpose of the Profit and Loss Account?
- To show total sales
- To determine net profit or loss
- To list assets
💡 Hint: Think about what this account is used for.
Question 2
True or False: Indirect expenses include the cost of goods sold.
- True
- False
💡 Hint: Recall the definitions of direct versus indirect costs.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A company reports the following figures: Total income of $500,000, salaries of $150,000, rent of $50,000, and miscellaneous expenses of $30,000. Calculate the net profit and explain its implications.
💡 Hint: Break down each expense and remember the formula.
Question 2
Evaluate the impact on net profit if indirect expenses increase by 10%. How would that affect a business with an initial net profit of $100,000 and indirect expenses of $70,000?
💡 Hint: Calculate the percentage increase to see the effect clearly.
Challenge and get performance evaluation