International Institute of Certified Accountants

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What is the total amount of Purchase return of Food Items during the period 8/4/2013 to
Q1 22/5/2013
A 5,228.41 B 5,228.40 C 5,228.42 D None of These

What is the total Salary expense in the month of April

Q2
A 4,87,000.00 B 4,85,000.00 C 4,89,000.00 D None of These
What is the highest Rate at which Stapler Pin (Camel) 1x8x6 purchased during the
Q3 period 12/4/2013 to 15/5/2013
A 5.50 B 5.49 C 5.52 D None of These
What is the Average Quantity of Stock of Stapler Pin (Camel) 1x8x6 held during the
Q4 period 7/4/2013 to 8/5/2013
A 13,460.00 B 13,470.00 C 13,440.00 D None of These

What is the value of Total Stock as on 15/4/2013

Q5
A 592,74,442.17 B 592,74,442.13 C 592,74,442.15 D None of These

How much Cash is paid to Suppliers during the Period 17/4/2013 to 26/5/2013
Q6
A 3,89,000.00 B 3,87,000.00 C 3,91,000.00 D None of These
What is the Minimum Amount of Stock of Refrigerator (Kelvinator) 1x1 held in the
Q7 month of April
A 74,68,932.51 B 74,68,932.53 C 74,68,932.50 D None of These

What is the total Net Credit Sale (Less Returns) as on 25/5/2013

Q8
A 68,26,197.00 B 68,26,193.00 C 68,26,195.00 D None of These
What is the total amount paid to suppliers through Bank of London A/c (Churchil Way
Q9 Branch) in April
A 81,85,403.62 B 81,85,403.60 C 81,85,403.58 D None of These

What is the total amount of cheque paid to Sanford Electrics Ltd in May
Q10
A 20,53,792.20 B 20,53,792.18 C 20,53,792.22 D None of These
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What is the total amount payable to Creditors other than suppliers as upto 28/5/2013
Q11
A 92,70,000.00 B 92,69,000.00 C 92,66,000.00 D None of These
What number of ERRORS are found in JOURNAL ENTRIES posted from
Q12 TRANSACTIONS
A 2.00 B 5.00 C 6.00 D None of These

What is the total amount receivable from Debtors as on 22/5/2013

Q13
A 14,64,418.00 B 14,64,416.00 C 14,64,419.00 D None of These
What is the total payment received from Debtors during the period 13/4/2013 to
Q14 24/5/2013
A 41,55,139.00 B 41,55,142.00 C 41,55,143.00 D None of These
What is the total amount of cash withdrawn from banks during the period 13/4/2013 to
Q15 21/5/2013
A 47,50,000.00 B 47,90,000.00 C 47,80,000.00 D None of These
What is the total collection from customers through Bank of London A/c (Churchil
Q16 Way Branch) as on 21/5/2013
A 12,69,861.00 B 12,69,862.00 C 12,69,859.00 D None of These

What is balance receivable from Brinxton Hyper Mallas on 27/5/2013

Q17
A 2,92,074.00 B 2,92,078.00 C 2,92,077.00 D None of These

What is the total amount collected from customers through Bank Accounts in April
Q18
A 20,95,983.00 B 20,95,986.00 C 20,95,985.00 D None of These
What is the total quantity (Net) of Happy Tomato Sauce 250gm 1x8x4x2 Sold during
Q19 the period 23/4/2013 to 16/5/2013
A 655.00 B 653.00 C 654.00 D None of These
What Amount of Cash was utilised for payment of Expenses during the period 2/4/2013
Q20 to 20/5/2013
A 3,01,488.00 B 3,01,486.00 C 3,01,484.00 D None of These
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What is the Quantity of Stapler Pin (Camel) 1x8x6 returned to suppliers during the
Q21 period 11/4/2013 to 27/5/2013
A 17.00 B 14.00 C 18.00 D None of These
What is the highest Rate at which Gum (Fevicol) 1x10x12 sold during the period
Q22 12/4/2013 to 21/5/2013
A 8.00 B 9.00 C 5.00 D None of These

What is the Maximum Amount of Stock of Television (Philips)32" 1x1 in business

Q23
A 407,23,744.67 B 407,23,744.70 C 407,23,744.68 D None of These

What was the Cash Balance as on 6/4/2013

Q24
A 9,99,768.00 B 9,99,769.00 C 9,99,770.00 D None of These
What is the total amount of cash deposited in banks during the period 20/4/2013 to
Q25 28/5/2013
A 4,80,000.00 B 4,70,000.00 C 4,50,000.00 D None of These

What was the balance in Bank of London A/c (Lombard Street Branch) as on 9/5/2013
Q26
A 302,10,824.34 B 302,10,824.32 C 302,10,824.31 D None of These
What is the lowest Rate at which Television (Onida) 21" 1x1 sold during the period
Q27 3/4/2013 to 27/5/2013
A 8,524.00 B 8,526.00 C 8,528.00 D None of These

What is the total Purchase (Less Returns) as on 25/4/2013

Q28
A 642,31,678.82 B 642,31,678.81 C 642,31,678.80 D None of These

What was the Quantity of Stock of Punching Machine (Kores) 1x4x12 as on 29/4/2013
Q29
A 13,576.00 B 13,578.00 C 13,579.00 D None of These
What is the amount paid to Suppliers through Bank Accounts during the period
Q30 7/4/2013 to 24/5/2013
A 439,27,319.66 B 439,27,319.70 C 439,27,319.68 D None of These
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what was the highest amount of cash balance held during the period 7/4/2013 to
Q31 29/5/2013
A 63,21,719.52 B 63,21,719.50 C 63,21,719.48 D None of These

What is the Total Amount of cash paid to customers by way of Sales Return
Q32
A 87,783.00 B 87,786.00 C 87,787.00 D None of These

What is the total Gross Purchase of Food Items as on 24/4/2013

Q33
A 35,27,960.50 B 35,27,960.48 C 35,27,960.46 D None of These

What is the total Net Credit Purchase (Less Returns) as on 31/5/2013

Q34
A 682,89,545.84 B 682,89,545.86 C 682,89,545.85 D None of These
What is the Quantity of Nido Milk Powder 500gm 1x4x2x6 returned by customers
Q35 during the period 9/4/2013 to 23/5/2013
A 13.00 B 16.00 C 15.00 D None of These
What is the total quantity (Net) of Gum (Fevicol) 1x10x12 Purchased during the period
Q36 21/4/2013 to 31/5/2013
A 5,156.00 B 5,153.00 C 5,157.00 D None of These

What is the Profit or Loss as on 10/4/2013

Q37
A 41,312.01 B 41,312.00 C 41,312.03 D None of These
How much Cash is received (Gross) from Customers during the period 10/4/2013 to
Q38 25/5/2013
A 8,86,000.00 B 8,90,000.00 C 8,89,000.00 D None of These

What is the total Gross sale of Stationery Items as on 25/5/2013

Q39
A 1,51,148.00 B 1,51,145.00 C 1,51,147.00 D None of These
What is the total net sales (Less Returns) of Stationery Items during the period 1/4/2013
Q40 to 15/5/2013
A 99,480.00 B 99,460.00 C 99,470.00 D None of These
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What is the total Net Cash Purchase (Less Returns) as on 23/4/2013

Q41
A 3,07,000.00 B 3,06,960.00 C 3,06,990.00 D None of These
What is the amount paid to suppliers through Bank of London A/c (Churchil Way
Q42 Branch) during the period 20/4/2013 to 8/5/2013
A 40,17,403.60 B 40,17,403.62 C 40,17,403.59 D None of These
What is the lowest Quantity of Television (Philips)32" 1x1 sold during the period
Q43 1/4/2013 to 17/5/2013
A 6.00 B 9.00 C 8.00 D None of These
What is the Amount (Gross) of Refrigerator (Kelvinator) 1x1 purchased during the
Q44 period 12/4/2013 to 22/5/2013
A 24,30,209.19 B 24,30,209.18 C 24,30,209.20 D None of These

what is the minimum cash balance held during the period 15/4/2013 to 9/5/2013
Q45
A 15,45,416.00 B 15,45,412.00 C 15,45,415.00 D None of These

What is the total Net Cash Sale (Less Returns) as on 20/5/2013

Q46
A 22,18,322.00 B 22,18,320.00 C 22,18,321.00 D None of These
What is the total amount collected from customers through Bank of London A/c
Q47 (Lombard Street Branch) in April
A 7,82,595.00 B 7,82,592.00 C 7,82,596.00 D None of These
What is the total amount paid to Suppliers through City Bank (Lombard Street Branch)
Q48 A/c as on 14/5/2013
A 81,74,525.14 B 81,74,525.10 C 81,74,525.13 D None of These
What is the lowest Rate at which Nido Milk Powder 500gm 1x4x2x6 purchased during
Q49 the period 2/4/2013 to 16/5/2013
A 300.00 B 500.00 C 600.00 D None of These
What is the total value of fixed assets purchased during the period 16/4/2013 to
Q50 23/5/2013
A 76,52,800.00 B 76,52,700.00 C 76,52,900.00 D None of These
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What is the total expense incurred as upto 27/4/2013

Q51
A 81,319.00 B 81,320.00 C 81,316.00 D None of These
What is the highest Quantity of Refrigerator (Kelvinator) 1x1 purchased during the
Q52 period 3/4/2013 to 30/5/2013
A 1,197.00 B 1,199.00 C 1,198.00 D None of These

What is the total expense incurred during the period 20/4/2013 to 26/5/2013
Q53
A 6,46,449.00 B 6,46,446.00 C 6,46,448.00 D None of These
What is the Average Daily Expense of the company during the period 18/4/2013 to
Q54 15/5/2013
A 22,719.14 B 22,719.12 C 22,719.16 D None of These
What is the total net Purchases (Less Returns) of Food Items during the period
Q55 16/4/2013 to 8/5/2013
A 3,43,773.07 B 3,43,773.06 C 3,43,773.09 D None of These
What is the total payment received from Hamilton Rose Hyper Market during the period
Q56 4/4/2013 to 24/5/2013
A 79,761.00 B 0.00 C 79,624.00 D None of These
What is the Average Amount of Stock of Lipton Brue Coffee 250gm 1x2x8 held during
Q57 the period 1/4/2013 to 19/5/2013
A 10,82,101.08 B 10,82,101.09 C 10,82,101.05 D None of These
What is the highest Quantity of Television (Philips)32" 1x1 sold during the period
Q58 8/4/2013 to 31/5/2013
A 48.00 B 49.00 C 45.00 D None of These
What is the total Cash Purchase (Net) of Stationery Items during the period 8/4/2013 to
Q59 23/4/2013
A 1,01,540.00 B 1,01,550.00 C 1,01,520.00 D None of These

What is the Profit or Loss as on 5/5/2013

Q60
A -3,83,460.04 B -3,83,460.00 C -3,83,460.02 D None of These
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What is the total Credit Purchase (Net) of Stationery Items during the period 7/4/2013
Q61 to 16/5/2013
A 1,28,150.02 B 1,28,150.04 C 1,28,150.00 D None of These
What is the Maximum Quantity of Stock of Happy Tomato Sauce 250gm 1x8x4x2 held
Q62 in the month of April
A 5,612.00 B 5,614.00 C 5,615.00 D None of These

What is the total Sale (Less Returns) as on 2/5/2013

Q63
A 44,64,890.00 B 44,64,910.00 C 44,64,870.00 D None of These
What is the total Credit sale (Net) of Food Items during the period 18/4/2013 to
Q64 24/5/2013
A 6,73,244.00 B 6,73,241.00 C 6,73,245.00 D None of These

What is balance payable to Pentas Computer World A/cas on 26/5/2013

Q65
A 15,159.00 B 88,315.00 C 0.00 D None of These

What is the Total Net Sale of Stationery Items during the period 9/4/2013 to 27/5/2013
Q66
A 1,31,979.00 B 1,31,976.00 C 1,31,980.00 D None of These
What is the total amount of sales return of Electronic Items during the period 1/4/2013
Q67 to 18/5/2013
A 5,13,686.00 B 5,13,688.00 C 5,13,685.00 D None of These

What is the total Expense Paid by cash during the period 13/4/2013 to 29/5/2013
Q68
A 3,01,172.00 B 3,01,175.00 C 3,01,174.00 D None of These
What is the Minimum Quantity of Stock of Lipton Brue Coffee 250gm 1x2x8 held in the
Q69 month of April
A 4,860.00 B 4,861.00 C 4,862.00 D None of These
What is the collection from customers through Bank Accounts during the period
Q70 7/4/2013 to 27/5/2013
A 39,14,139.00 B 39,14,142.00 C 39,14,143.00 D None of These
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What is the total amount paid to Suppliers through Bank accounts as on 19/5/2013
Q71
A 399,09,387.92 B 399,09,387.90 C 399,09,387.94 D None of These

What is the Profit or Loss as on 26/5/2013

Q72
A -1,48,102.61 B -1,48,102.63 C -1,48,102.64 D None of These
What is the total Cash inflow (Including Cash Withdrawal) during the period 3/4/2013
Q73 to 27/5/2013
A 89,70,063.74 B 89,70,063.75 C 89,70,063.73 D None of These

What is the total payment made to Creditors during the period 17/4/2013 to 27/5/2013
Q74
A 582,75,029.70 B 582,75,029.68 C 582,75,029.67 D None of These
What is the total amount of cash withdrawn from Al Islami Bank A/cin the month
Q75 ofApril
A 0.00 B 86,209.00 C 74,093.00 D None of These

What was the Total Bank balance as on 6/4/2013

Q76
A 1510,00,000.00 B 1490,00,000.00 C 1530,00,000.00 D None of These

What is balance payable to Sanford Electrics Ltd as on 20/4/2013

Q77
A 95,962.00 B 51,523.00 C 0.00 D None of These

What was the Average Cash balance held during the period 15/4/2013 to 23/5/2013
Q78
A 24,74,340.62 B 24,74,340.64 C 24,74,340.66 D None of These

What is the total collection from customers through Bank accounts as on 23/5/2013
Q79
A 34,45,140.00 B 34,45,110.00 C 34,45,130.00 D None of These
What is the total Cash sale (Net) of Stationery Items during the period 9/4/2013 to
Q80 19/5/2013
A 37,465.00 B 37,466.00 C 37,467.00 D None of These
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What is the total amount of cash deposited in City Bank (Lombard Street Branch) A/c in
Q81 the month of May
A 1,00,000.00 B 3,00,000.00 C 4,00,000.00 D None of These

What is the Currrent Ratio as on 25/5/2013

Q82
A 4.24 B 4.21 C 4.22 D None of These

What was the Average Bank balance held during the period 11/4/2013 to 7/5/2013
Q83
A 1283,84,981.08 B 1283,84,981.10 C 1283,84,981.12 D None of These
What is the Gross COST OF SALE of Punching Machine (Kores) 1x4x12sold during
Q84 the period 5/4/2013 to 16/5/2013
A 56,006.31 B 56,006.28 C 56,006.27 D None of These

What was the Rate of Stock balance of Television (Philips)32" 1x1 as on 4/5/2013
Q85
A 28,097.65 B 28,097.62 C 28,097.63 D None of These

What is the total amount payable to Suppliers as on 26/4/2013

Q86
A 439,45,833.87 B 439,45,833.85 C 439,45,833.86 D None of These
What is the total payment made to Yorkshare Food Products Ltd during the period
Q87 9/4/2013 to 28/5/2013
A 32,56,818.07 B 32,56,818.08 C 32,56,818.10 D None of These
What is the Total Net Sale of Refrigerator (Kelvinator) 1x1 during the period 2/4/2013
Q88 to 13/5/2013
A 9,41,474.00 B 9,41,476.00 C 9,41,473.00 D None of These

What was the Stock value of Television (Philips)32" 1x1 as on 7/5/2013

Q89
A 377,91,306.19 B 377,91,306.16 C 377,91,306.15 D None of These
What is the total Cash Out Flow (Including Cash Deposit in Bank) during the period
Q90 15/4/2013 to 8/5/2013
A 13,07,468.00 B 13,07,466.00 C 13,07,467.00 D None of These
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What is the lowest Quantity of Happy Tomato Sauce 250gm 1x8x4x2 purchased during
Q91 the period 1/4/2013 to 22/5/2013
A 132.00 B 128.00 C 131.00 D None of These

What is the total gross amount of Cash received from Adiison Lee Fancy Shop in April
Q92
A 76,000.00 B 79,000.00 C 80,000.00 D None of These

What is the total Cheques collected from Adiison Lee Fancy Shop in April
Q93
A 2,85,000.00 B 2,89,000.00 C 2,87,000.00 D None of These
What is the collection from customers through Bank of London A/c (Churchil Way
Q94 Branch) during the period 2/4/2013 to 23/5/2013
A 12,69,863.00 B 12,69,862.00 C 12,69,859.00 D None of These

What is the total expense of Printing & Stationery as on 18/5/2013

Q95
A 47,433.00 B 47,437.00 C 47,435.00 D None of These

What is the total value of Furniture as on 11/5/2013

Q96
A 3,000.00 B 2,600.00 C 2,900.00 D None of These

What is the total amount Paid to Suppliers through Bank Accounts in May
Q97
A 264,69,415.46 B 264,69,415.48 C 264,69,415.50 D None of These

What is the Debt Ratio as on 24/5/2013

Q98
A 0.29 B 0.30 C 0.31 D None of These

What is the total Cash payment made to Lincroft Electronics Ltd

Q99
A 7,00,000.00 B 4,00,000.00 C 8,00,000.00 D None of These

What is the total amount payable to Creditors as on 9/5/2013

Q100
A 565,70,002.29 B 565,70,002.27 C 565,70,002.25 D None of These