Practice Packs Accounting 101

Practice Packs: Accounting 101

This practice pack builds a solid foundation in the accounting equation — the backbone of all financial accounting. You will work through basic equation calculations, transaction analysis, missing figures, profit and drawings, and comprehensive year-end application.

A full answer key with detailed workings and mark guides is included so you can see exactly where marks are earned.

What You’ll Cover

• Basic accounting equation calculations
• Transaction analysis
• Missing figures
• Profit and drawings
• Comprehensive year-end application

Materials Included

• Accounting Equation Practice Pack (PDF, 10 questions, 60 marks)
• Full answer key with detailed workings
• Mark guide and tutor notes
• Mark allocation summary
• Common errors to watch for

Requirements

• No prior accounting knowledge required
• A calculator is recommended
• Show all workings — marks are awarded for method as well as final answers
• Round all final answers to the nearest whole rand unless otherwise stated

Target Audience

• First-year and second-year university students taking introductory Financial Accounting
• Students preparing for accounting assessments
• Students bridging into accounting from other disciplines

Duration

2 hour(s) 0 min(s)