Exercise 1: How much money do we have in the till?
Exercise 2: How much money do we have at the bank?
Exercise 3: What is the final stock in the balance sheet? Will it appear in debit or in credit?
Exercise 4: How much do we owe to the supplier of vehicles (also called transportation equipment)?
Exercise 5: What is the total of purchases for the accounting cycle? Have they all been paid?
Exercise 6: What are the accruals?