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
Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is the Statement of Affairs?
💡 Hint: Think of it as a snapshot of financial health.
Question 2
Easy
Why is it important to prepare Statements at the start and end of the period?
💡 Hint: Consider it like tracking your bank balance.
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 does a Statement of Affairs summarize?
- Cash inflows
- Assets and liabilities
- Net profit
💡 Hint: Consider what financial summary captures a business's worth.
Question 2
True or False: The Statement of Affairs only needs to be prepared at the end of the accounting period.
- True
- False
💡 Hint: Remember the need for tracking changes.
Solve 2 more questions and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A business starts with a capital of ₹100,000 and ends with ₹90,000. During this period, it has made withdrawals of ₹15,000 but also received investments of ₹5,000. What is the net profit or loss?
💡 Hint: Take into account both the withdrawals and investments while calculating.
Question 2
An individual needs to calculate their business's net profit over a year. They start with ₹40,000, end with ₹50,000, and make no additional investments or withdrawals. What is their net profit?
💡 Hint: What simple subtraction can give you the answer?
Challenge and get performance evaluation