Raaha Discover · Free assessment

Finance & accounting assessment

Help a fictional stationery business close its books and decide on a cash plan. Separate profit from cash, check supporting records and explain a financial recommendation.

Try Finance & accounting, free See an example

A free Raaha account is required. Read the assessment introduction before starting the timer.

WHO IT IS FOR: Commerce, BCom, BBA and finance students
TIME: 50 minutes
FORMAT: Five ten-minute stages
PRICE: Free · Build90 purchase is not required

Step by step

What you’ll do

Get ready
Basic accounting helps. No paid accounting software or current tax-law knowledge.
Do the work
Five ten-minute stages
50 minutes
See the parts
Hand in
Answers to objective checks and short written explanations.
Get back
An automatic report on completion: checked answers with explanations, practice steps and career suggestions. Staff feedback appears separately when published.
See an example report

What you need before starting

Basic familiarity with accounting and financial calculations will help. The case supplies assumptions, opening balances and a glossary.
Amounts are in INR. Current tax-law knowledge and paid accounting software are not required; use the assumptions given in each task.
Set aside 50 minutes. You will answer objective checks and write short explanations using your own reasoning.

Inside the assessment

The work you will try

Close the month
10 min
Separate revenue, expenses and cash movements in the supplied records.
Reconcile the bank
10 min
Explain differences between cash-book and bank information.
Check purchase controls
10 min
Compare orders, receipts and invoices for inconsistencies.
Plan cash
10 min
Consider a forecast and the effect of slower customer collections.
Recommend a decision
10 min
Use contribution, break-even or investment information to support a recommendation.

Illustrative example · Not scored

Explain a student club’s cash position

This is a separate fictional example to show the kind of thinking involved. It is not an official assessment question or a student result.

A fictional student club sells T-shirts for a future event. Some members have paid in advance, a supplier invoice is unpaid and a few shirts have already been delivered.

What information would you need to explain why cash received and income earned are different?
Which upcoming receipts and payments would you include in a short cash plan?

Your report

What the feedback means

The automatic report covers objective checks and gives explanations and practice steps. It is available on completion.

Written work and enjoyment are kept separate from the automatic score. Staff feedback, when published, appears separately without changing that score.

Career suggestions use the strongest observed checks as starting points for practice and discussion. They are not validated measures of career fit.

The case simplifies real business accounts. It does not certify professional accounting competence or assess current tax law, audit practice or every finance role.

Example report · Not a real student

See what you get back

This is the real Finance & accounting report layout, filled in for a fictional student. The scores and feedback are made up. Question wording, answers and written work are hidden, so the assessment stays fair for everyone.

EXAMPLE RESULT

Knowledge and decision checks

75/100

Checks answered: 19 of 20
Career areas to explore: Accounting and bookkeeping · Audit and controls · Financial planning

INSIDE THE REPORT

Knowledge and decision checks
Skills and enjoyment
Career areas to explore
Written work and submitted artifacts
Staff review
Worked answers

Open the full example report

Example · Not a real student

Finance & accounting report

Fictional student

Knowledge and decision checks

19 of 20 checks answered. Each correct answer earns five points.

75/100

Skills and enjoyment

The score comes from your checked answers. Enjoyment is your own reflection and never changes the score.

Close the month100/100

4/4 correct · Enjoyment: 4/5

Practise a short month-end close on ten transactions and explain each entry in words.

Reconcile the bank75/100

3/4 correct · Enjoyment: 3/5

Reconcile a small sample statement and list every difference with its reason.

Check purchase controls50/100

2/4 correct · Enjoyment: not recorded

Compare a few sample orders, receipts and invoices and note each mismatch.

Plan cash75/100

3/4 correct · Enjoyment: 5/5

Build a simple weekly cash forecast and test what happens if customers pay late.

Recommend a decision75/100

3/4 correct · Enjoyment: 4/5

Explain one recommendation using the numbers, then name what would change your mind.

Career areas to explore

Suggestions follow the strongest checked evidence in this case. Explore each through a small project and a conversation about your written work.

Accounting and bookkeeping

4/4 objective checks in close the month. Written work still benefits from a reviewer discussion.

Try next: Keep the books for a small sample business for one month and trace five entries back to their records.

Audit and controls

3/4 objective checks in reconcile the bank. Written work still benefits from a reviewer discussion.

Try next: Check a sample set of bank entries against a cash book and write down each difference you find.

Financial planning

3/4 objective checks in plan cash. Written work still benefits from a reviewer discussion.

Try next: Build a one-page cash plan for a college event and test what happens if money arrives late.

Written work and submitted artifacts

These work samples are saved separately from the automatic score. Use the review criteria for self-review or ask a staff reviewer for feedback.

Written explanation

Your saved work appears here. It is hidden in this example.

Does each figure you mention come from the information you were given?
Could a manager follow your reasoning without asking you?

Staff review

Written work is awaiting a reviewer

The automatic checks do not judge the quality of your writing or wireframe. A reviewer can assess these using the criteria shown above.

Worked answers

Close the month · question 1 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Close the month · question 2 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Close the month · question 3 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Close the month · question 4 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Reconcile the bank · question 1 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Reconcile the bank · question 2 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Reconcile the bank · question 3 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Reconcile the bank · question 4 Needs revision

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Check purchase controls · question 1 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Check purchase controls · question 2 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Check purchase controls · question 3 Needs revision

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Check purchase controls · question 4 Unanswered

Your answer: No answer saved.

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Plan cash · question 1 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Plan cash · question 2 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Plan cash · question 3 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Plan cash · question 4 Needs revision

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Recommend a decision · question 1 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Recommend a decision · question 2 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Recommend a decision · question 3 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Recommend a decision · question 4 Needs revision

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Make the work your own

Use only the supplied case and the tools permitted in its instructions. Do not use AI assistants, web searches, prepared answers or another person’s help during the official assessment.

Answers save as you work. Check the save status, because only work received before a deadline can count. Closing the page does not pause the timer, and submitted or expired stages lock.

The account and assessment introduction explain any verification requirements before you begin. Completed assessment versions may not be available to retake.

Turn the result into a next step

Practise a short reconciliation or cash forecast using a fresh example. Explain each adjustment in plain language, then ask a teacher or mentor to review your reasoning as well as the final figures.

Open the free assessment

Finance & accounting assessment

Help a fictional stationery business close its books and decide on a cash plan. Separate profit from cash, check supporting records and explain a financial recommendation.

A free Raaha account is required. Read the assessment introduction before starting the timer.

What you’ll do

Get ready

Basic accounting helps. No paid accounting software or current tax-law knowledge.

Do the work

Five ten-minute stages

50 minutes

See the parts

Hand in

Answers to objective checks and short written explanations.

Get back

An automatic report on completion: checked answers with explanations, practice steps and career suggestions. Staff feedback appears separately when published.

See an example report

What you need before starting

Basic familiarity with accounting and financial calculations will help. The case supplies assumptions, opening balances and a glossary.

Amounts are in INR. Current tax-law knowledge and paid accounting software are not required; use the assumptions given in each task.

Set aside 50 minutes. You will answer objective checks and write short explanations using your own reasoning.

Explain a student club’s cash position

This is a separate fictional example to show the kind of thinking involved. It is not an official assessment question or a student result.

A fictional student club sells T-shirts for a future event. Some members have paid in advance, a supplier invoice is unpaid and a few shirts have already been delivered.

What information would you need to explain why cash received and income earned are different?

Which upcoming receipts and payments would you include in a short cash plan?

Example · Not a real student

Finance & accounting report

Fictional student

Knowledge and decision checks

19 of 20 checks answered. Each correct answer earns five points.

75/100

Skills and enjoyment

The score comes from your checked answers. Enjoyment is your own reflection and never changes the score.

Close the month100/100

4/4 correct · Enjoyment: 4/5

Practise a short month-end close on ten transactions and explain each entry in words.

Reconcile the bank75/100

3/4 correct · Enjoyment: 3/5

Reconcile a small sample statement and list every difference with its reason.

Check purchase controls50/100

2/4 correct · Enjoyment: not recorded

Compare a few sample orders, receipts and invoices and note each mismatch.

Plan cash75/100

3/4 correct · Enjoyment: 5/5

Build a simple weekly cash forecast and test what happens if customers pay late.

Recommend a decision75/100

3/4 correct · Enjoyment: 4/5

Explain one recommendation using the numbers, then name what would change your mind.

Career areas to explore

Suggestions follow the strongest checked evidence in this case. Explore each through a small project and a conversation about your written work.

Accounting and bookkeeping

4/4 objective checks in close the month. Written work still benefits from a reviewer discussion.

Try next: Keep the books for a small sample business for one month and trace five entries back to their records.

Audit and controls

3/4 objective checks in reconcile the bank. Written work still benefits from a reviewer discussion.

Try next: Check a sample set of bank entries against a cash book and write down each difference you find.

Financial planning

3/4 objective checks in plan cash. Written work still benefits from a reviewer discussion.

Try next: Build a one-page cash plan for a college event and test what happens if money arrives late.

Written work and submitted artifacts

These work samples are saved separately from the automatic score. Use the review criteria for self-review or ask a staff reviewer for feedback.

Written explanation

Your saved work appears here. It is hidden in this example.

Does each figure you mention come from the information you were given?
Could a manager follow your reasoning without asking you?

Staff review

Written work is awaiting a reviewer

The automatic checks do not judge the quality of your writing or wireframe. A reviewer can assess these using the criteria shown above.

Worked answers

Close the month · question 1 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Close the month · question 2 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Close the month · question 3 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Close the month · question 4 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Reconcile the bank · question 1 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Reconcile the bank · question 2 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Reconcile the bank · question 3 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Reconcile the bank · question 4 Needs revision

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Check purchase controls · question 1 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Check purchase controls · question 2 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Check purchase controls · question 3 Needs revision

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Check purchase controls · question 4 Unanswered

Your answer: No answer saved.

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Plan cash · question 1 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Plan cash · question 2 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Plan cash · question 3 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Plan cash · question 4 Needs revision

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Recommend a decision · question 1 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Recommend a decision · question 2 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Recommend a decision · question 3 Correct

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Recommend a decision · question 4 Needs revision

Your answer: Hidden in this example

Worked answer: Hidden in this example

Your own report explains the worked answer here.

Make the work your own

Use only the supplied case and the tools permitted in its instructions. Do not use AI assistants, web searches, prepared answers or another person’s help during the official assessment.

Answers save as you work. Check the save status, because only work received before a deadline can count. Closing the page does not pause the timer, and submitted or expired stages lock.

The account and assessment introduction explain any verification requirements before you begin. Completed assessment versions may not be available to retake.

What you’ll do

01Get ready

02Do the work

03Hand in

04Get back

What you need before starting

The work you will try

Close the month

Reconcile the bank

Check purchase controls

Plan cash

Recommend a decision

Explain a student club’s cash position

What the feedback means

See what you get back

Knowledge and decision checks

Skills and enjoyment

Career areas to explore

Accounting and bookkeeping

Audit and controls

Financial planning

Written work and submitted artifacts

Staff review

Worked answers

Make the work your own

Turn the result into a next step

What you’ll do

01Get ready

02Do the work

03Hand in

04Get back

What you need before starting

The work you will try

Close the month

Reconcile the bank

Check purchase controls

Plan cash

Recommend a decision

Explain a student club’s cash position

What the feedback means

See what you get back

Knowledge and decision checks

Skills and enjoyment

Career areas to explore

Accounting and bookkeeping

Audit and controls

Financial planning

Written work and submitted artifacts

Staff review

Worked answers

Make the work your own

Turn the result into a next step

Get ready

Do the work

Hand in

Get back

Get ready

Do the work

Hand in

Get back