About this course
Exam-style practice for the Accounting Fundamentals course, written for beginners and covering all 15 chapters in order. The course contains 50 written questions worth 25 marks each, from recording transactions with double entry to preparing the financial statements of sole traders and limited companies. Each question starts from a realistic small-business scenario and comes with a full suggested solution that explains every working, and a marking guide showing where each mark is earned, with examiner's commentary on the mistakes beginners make most often. A further 100 multiple choice questions are set out as ten interactive quizzes, one for each part of the course, with feedback on every answer and fuller worked answers. Allow 45 minutes for each 25-mark question and mark your answer against the guide before reading the solution. When you have finished, sit the Accounting Fundamentals free mock exam.
What's inside
Question 1. Users of accounts and a first profit figure
.3 steps
Question 2. Partnership or limited company?
.3 steps
Question 3. Naming the concept: a guesthouse's year end
.3 steps