PrepLab foxPrepLabAccounting practice

Drills

Pick one skill to practice.

Choose an area, then do a short drill.

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Skill focus

Hi, Daniel.

A quick drill helps the next return feel easier.

Use drills for one small accounting skill at a time.

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Schedule L tie-outs

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Schedule L drills

5

Schedule L Cash Tie-Out

Practice matching ending cash from fake workpapers to the balance sheet.

8

A/R Tie-Out

Trace accounts receivable from a workpaper to Schedule L.

8

A/P Tie-Out

Map accounts payable support to the correct balance sheet line.

13

Assets Equal Liabilities

Use the balance sheet equation to find which section is off.

18

Retained Earnings Tie-Out

Tie retained earnings movement to income, distributions, and balance sheet diagnostics.