Sumigi Exercise Gallery

Equations with multiple choice answers

  • Fully randomized multiple choice questions to test your knowledge of accounting equations.
  • Randomizes all variables in the equation, including which variable is missing.
  • Plausible distractors to minimize guessing the correct answer.
  • Applicable to the accounting equation, cost of goods sold, new capital, and many more.

Classification exercises

  • Allows you to test whether you can correctly classify components into the right category.
  • Randomizes the list of items to classify.
  • Applicable to classify assets and liabilities, income and expenses, capital and revenue expenditure, and many more.

Matching exercises

  • Similar to the classification exercise, this exercise verifies whether you can correctly match components to the right category.
  • Randomizes the list of items to match.
  • Applicable to classify financial statement elements, financial statement categories, and many more.

Ratio exercises

  • Allows you to test whether you can correctly calculate a financial ratio.
  • Randomizes the list of items from which the ratio is to be calculated.
  • Generates up to 15 possible distractor answers and randomly selects three to accompany the correct answer.
  • Applicable to both simple and complex financial ratios.

T-Account Exercises

  • Fully randomized business transactions to enter into T-Accounts.
  • Randomizes the type of transaction, the trading partner, the type of non-current asset, and much more.
  • Allows you to personalize the business as well as change currencies.
  • A wide variety of business transactions are supported, including capital, income statement, and inventory transactions.

Multiple T-account exercises

  • Allows you to deepen your understanding of T-accounts.
  • Creates a random story for a business, different and unique on each occasion.
  • Detailed feedback on your responses.

Journal Entry Exercises

  • Fully randomized business transactions to enter as journal entries.
  • Randomizes the type of transaction, the trading partner, the type of non-current asset, and much more.
  • Allows you to personalize the business as well as change currencies.
  • A wide variety of business transactions are supported, including capital, income statement, and inventory transactions.

Closing T-account exercises

  • Allows you to practice closing T-accounts.
  • Detailed feedback on your responses.

Trial Balance exercises

  • Allows you to practice your understanding of trial balances.
  • Randomizes a set of transactions, trading partners, and much more.

Statement of Profit or Loss Exercises

  • Allows you to practice drawing up a statement of profit or loss (income statement).
  • Traditionally a difficult subject for students to master due to lack of exercises.
  • Generates randomized trial balances on every occasion for you to work with.
  • Supports fully randomized calculations of cost of goods sold.

Statement of Financial Position exercises

  • Allows you to practice drawing up a statement of financial position (balance sheet).
  • Traditionally a difficult subject for students to master due to lack of exercises.
  • Generates randomized trial balances on every occasion for you to work with.
  • Supports fully randomized calculations of net profit.