Module test: How accounting records a business
Check what you have learned in How accounting records a business. The questions cover these goals:
- Explain accrual accounting, including revenue recognition, accrued and prepaid expenses, and deferred revenue.
- Distinguish operating expenses from capital expenditure and calculate straight-line depreciation and amortisation.
- Calculate working capital and explain how inventory, receivables and payables tie up or release cash.
- Explain provisions, contingent liabilities and impairments, and why they involve management judgement.
How this test works
- 10 questions, picked at random from a bank of 36. Each attempt mixes easy, medium and harder questions across the module's learning goals.
- One question at a time. You can go back, change answers, and jump to any question before you submit.
- No time limit. Your answers are saved in this browser as you go, so a refresh will not lose them.
- You pass with 80% or more. Your best attempt earns XP: 5 for each right answer and 50 more for a pass. Every answer is explained afterwards, and you can retake with fresh questions.
Prefer to see each answer straight away? Practise this module instead
Test results are a learning aid, kept only in your browser. They are not a certificate or proof of knowledge.