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3 cards from this section. Quick, good the night before a test.
Define an electronic spreadsheet.
Think about what a traditional ledger does.
List two functions used in accounting spreadsheets.
Consider what calculations you might perform on financial data.
What is an electronic spreadsheet used for?
Consider the primary purpose of the tool.
True or False: A trial balance checks if total debits equal total credits.
Think about what the trial balance verifies.
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.
List each item under debit and credit correctly.
Given the following transactions: Sales: 15,000, Expenses: 8,000, Loan Payment: 3,000. Use an electronic spreadsheet to prepare a Profit & Loss statement.
Focus on the layout of the spreadsheet to ensure clarity of presentation.
5 more questions in this section. Enroll free to practise them all.
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