Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.
Fun, engaging games to boost memory, math fluency, typing speed, and English skillsโperfect for learners of all ages.
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is the first step in preparing final accounts?
๐ก Hint: Think about how we measure assets and liabilities.
Question 2
Easy
What do we need in a Trading Account?
๐ก Hint: What figures help calculate gross profit?
Practice 4 more questions and get performance evaluation
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is the purpose of the Statement of Affairs?
๐ก Hint: Think about its role in assessing financial position.
Question 2
True or False: The Balance Sheet lists all transactions throughout the year.
๐ก Hint: Consider the difference between transaction logs and summary statements.
Solve and get performance evaluation
Push your limits with challenges.
Question 1
Given a Statement of Affairs with total assets of โน200,000 and liabilities of โน150,000, calculate the capital and prepare a simple Balance Sheet.
๐ก Hint: Remember to deduct liabilities from assets to find capital.
Question 2
Based on the following dataโOpening Capital โน80,000, Closing Capital โน90,000, Withdrawals โน10,000โdetermine the net profit.
๐ก Hint: Focus on how withdrawals influence capital calculations.
Challenge and get performance evaluation