Exercises

This section contains accounting exercises and their solutions. Each exercise tells students the solution of a unique situation. You can access this section from any page of the website by clicking on the ‘exercises’ tab provided in the top horizontal menu.

Please click on a topic below to see the exercises and their solutions included in that topic:

  • Accounting principles and concepts
  • Process costing system
  • Joint products and by-products
  • Variable and absorption costing
  • Cost volume and profit relationships
  • Standard costing and variance analysis
  • Capital budgeting techniques
  • Inventory costing methods
  • Statement of cash flows
  • Service department costing