International Institute of Certified Accountants

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What was the Total Bank balance as on 27/5/2013

Q1
A 796,85,538.32 B 796,85,538.30 C 796,85,538.34 D None of These
What is the Minimum Quantity of Stock of Lipton Brue Coffee 250gm 1x2x8 held in the
Q2 month of May
A 5,083.00 B 5,086.00 C 5,085.00 D None of These
What is the highest Rate at which Happy Tomato Sauce 250gm 1x8x4x2 sold during the
Q3 period 19/4/2013 to 24/5/2013
A 108.00 B 109.00 C 106.00 D None of These
what was the highest amount of cash balance held during the period 1/4/2013 to
Q4 22/5/2013
A 1500,00,000.00 B 1900,00,000.00 C 1800,00,000.00 D None of These

What is the total amount of cheque paid to Penmark Stationery Mall in May
Q5
A 35,454.08 B 35,454.06 C 35,454.07 D None of These

What is the value of Total Stock as on 9/4/2013

Q6
A 594,35,618.84 B 594,35,618.81 C 594,35,618.82 D None of These
What is the Gross COST OF SALE of Refrigerator (Kelvinator) 1x1sold during the
Q7 period 10/4/2013 to 19/5/2013
A 7,25,948.27 B 7,25,948.31 C 7,25,948.29 D None of These
What is the Average Quantity of Stock of Television (Onida) 21" 1x1 held during the
Q8 period 21/4/2013 to 11/5/2013
A 1,345.00 B 1,346.00 C 1,342.00 D None of These

What is the Total Net Sale of Stationery Items during the period 8/4/2013 to 21/5/2013
Q9
A 1,11,943.00 B 1,11,945.00 C 1,11,947.00 D None of These

What was the Average Cash balance held during the period 23/4/2013 to 23/5/2013
Q10
A 26,07,034.12 B 26,07,034.14 C 26,07,034.15 D None of These
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What is the amount paid to Suppliers through Bank Accounts during the period
Q11 6/4/2013 to 2/5/2013
A 235,11,696.40 B 235,11,696.42 C 235,11,696.38 D None of These
What is the total Cash inflow (Including Cash Withdrawal) during the period 3/4/2013
Q12 to 10/5/2013
A 31,98,052.00 B 31,98,053.00 C 31,98,050.00 D None of These

What is the total Net Credit Purchase (Less Returns) as on 7/5/2013

Q13
A 655,93,537.83 B 655,93,537.84 C 655,93,537.82 D None of These
What is the total amount of cash withdrawn from Bank of London A/c (Churchil Way
Q14 Branch) in the month ofMay
A 3,00,000.00 B 4,00,000.00 C 1,00,000.00 D None of These
What is the Amount (Gross) of Refrigerator (Kelvinator) 1x1 purchased during the
Q15 period 17/4/2013 to 28/5/2013
A 21,81,150.93 B 21,81,150.89 C 21,81,150.92 D None of These

What is the total Purchase (Less Returns) as on 11/5/2013

Q16
A 674,27,079.49 B 674,27,079.45 C 674,27,079.48 D None of These

What is balance receivable from Traford Super Marketas on 20/5/2013

Q17
A 4,53,396.00 B 4,53,395.00 C 4,53,393.00 D None of These

What is the Profit or Loss as on 21/4/2013

Q18
A 1,34,077.20 B 1,34,077.24 C 1,34,077.22 D None of These
What is the total amount collected from customers through Bank of London A/c
Q19 (Lombard Street Branch) in April
A 7,82,596.00 B 7,82,592.00 C 7,82,595.00 D None of These
What is the highest Quantity of Refrigerator (Kelvinator) 1x1 purchased during the
Q20 period 12/4/2013 to 21/5/2013
A 83.00 B 79.00 C 81.00 D None of These
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What is the total quantity (Net) of Stapler Pin (Camel) 1x8x6 Purchased during the
Q21 period 16/4/2013 to 26/5/2013
A 7,900.00 B 7,880.00 C 7,860.00 D None of These
What is the total amount paid to suppliers through City Bank (Lombard Street Branch)
Q22 A/c in May
A 100,75,451.32 B 100,75,451.34 C 100,75,451.30 D None of These
What is the Average Daily Expense of the company during the period 22/4/2013 to
Q23 23/5/2013
A 19,167.01 B 19,167.03 C 19,167.05 D None of These
What is the total amount paid to Suppliers through Bank of London A/c (Churchil Way
Q24 Branch) as on 21/5/2013
A 123,74,458.00 B 123,74,454.00 C 123,74,456.00 D None of These
What is the lowest Quantity of Happy Tomato Sauce 250gm 1x8x4x2 sold during the
Q25 period 11/4/2013 to 18/5/2013
A 88.00 B 89.00 C 86.00 D None of These

What is the total amount paid to Suppliers through Bank accounts as on 20/4/2013
Q26
A 154,94,292.82 B 154,94,292.78 C 154,94,292.80 D None of These

What is the Total Amount of cash paid to customers by way of Sales Return
Q27
A 87,786.00 B 87,787.00 C 87,783.00 D None of These
What is the total net sales (Less Returns) of Electronic Items during the period 2/4/2013
Q28 to 10/5/2013
A 45,03,434.00 B 45,03,433.00 C 45,03,435.00 D None of These

What is the total expense incurred as upto 29/5/2013

Q29
A 6,94,707.00 B 6,94,706.00 C 6,94,705.00 D None of These

What is balance payable to Sanford Electrics Ltd as on 28/5/2013

Q30
A 24,04,535.02 B 24,04,535.04 C 24,04,535.01 D None of These
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What is the total Credit sale (Net) of Electronic Items during the period 14/4/2013 to
Q31 4/5/2013
A 4,43,129.00 B 4,43,133.00 C 4,43,132.00 D None of These
How much Cash is received (Gross) from Customers during the period 10/4/2013 to
Q32 13/5/2013
A 6,78,000.00 B 6,80,000.00 C 6,79,000.00 D None of These

What is the total Cash payment made to Penmark Stationery Mall

Q33
A 81,000.00 B 80,000.00 C 78,000.00 D None of These

What is the total Sale (Less Returns) as on 20/4/2013

Q34
A 41,24,379.00 B 41,24,380.00 C 41,24,377.00 D None of These

What is the total Rent expense in the month of May

Q35
A 50,000.00 B 20,000.00 C 40,000.00 D None of These

What is the Debt Ratio as on 12/5/2013

Q36
A 0.45 B 0.43 C 0.42 D None of These

What is the total amount receivable from Debtors as on 6/5/2013

Q37
A 20,04,719.00 B 20,04,716.00 C 20,04,720.00 D None of These
What is the Minimum Amount of Stock of Nido Milk Powder 500gm 1x4x2x6 held in
Q38 the month of April
A 14,46,915.49 B 14,46,915.51 C 14,46,915.50 D None of These
What is the total amount of cash deposited in banks during the period 3/4/2013 to
Q39 19/5/2013
A 5,70,000.00 B 5,90,000.00 C 5,80,000.00 D None of These
What is the total value of fixed assets purchased during the period 7/4/2013 to
Q40 27/5/2013
A 77,33,900.00 B 77,33,600.00 C 77,34,000.00 D None of These
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What is the total amount of sales return of Electronic Items during the period 18/4/2013
Q41 to 31/5/2013
A 6,46,292.00 B 6,46,289.00 C 6,46,293.00 D None of These

How much Cash is paid to Suppliers during the Period 3/4/2013 to 21/5/2013
Q42
A 4,78,000.00 B 4,80,000.00 C 4,81,000.00 D None of These

What is the total Net Credit Sale (Less Returns) as on 26/4/2013

Q43
A 39,14,140.00 B 39,14,180.00 C 39,14,170.00 D None of These

What was the Stock value of Television (Onida) 21" 1x1 as on 13/5/2013
Q44
A 114,09,851.37 B 114,09,851.35 C 114,09,851.39 D None of These

what is the minimum cash balance held during the period 6/4/2013 to 25/5/2013
Q45
A 9,99,131.00 B 9,99,127.00 C 9,99,130.00 D None of These

What is the total Net Cash Purchase (Less Returns) as on 17/5/2013

Q46
A 42,16,627.49 B 42,16,627.52 C 42,16,627.48 D None of These

What is the total value of Machinery as on 4/5/2013

Q47
A 90,00,000.00 B 70,00,000.00 C 100,00,000.00 D None of These
What is the highest Rate at which Stapler Pin (Camel) 1x8x6 purchased during the
Q48 period 3/4/2013 to 28/5/2013
A 5.84 B 5.82 C 5.83 D None of These
What is the lowest Rate at which Gum (Fevicol) 1x10x12 purchased during the period
Q49 16/4/2013 to 29/5/2013
A 2.27 B 2.25 C 2.23 D None of These
What is the lowest Quantity of Television (Philips)32" 1x1 purchased during the period
Q50 15/4/2013 to 17/5/2013
A 17.00 B 19.00 C 20.00 D None of These
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What is the total payment made to Brixton Foods Ltd during the period 6/4/2013 to
Q51 19/5/2013
A 3,63,575.50 B 3,63,575.54 C 3,63,575.52 D None of These

What is the total Net Cash Sale (Less Returns) as on 30/4/2013

Q52
A 7,20,994.00 B 7,20,997.00 C 7,20,998.00 D None of These

What is the Profit or Loss as on 16/4/2013

Q53
A 1,05,458.15 B 1,05,458.14 C 1,05,458.16 D None of These
What is the total Cash sale (Net) of Stationery Items during the period 19/4/2013 to
Q54 28/5/2013
A 20,059.00 B 20,063.00 C 20,061.00 D None of These

What is the total amount collected from customers through Bank Accounts in April
Q55
A 20,95,986.00 B 20,95,983.00 C 20,95,987.00 D None of These

What is the total Gross sale of Food Items as on 21/4/2013

Q56
A 4,79,770.00 B 4,79,769.00 C 4,79,766.00 D None of These
What is the total Credit Purchase (Net) of Food Items during the period 1/4/2013 to
Q57 27/5/2013
A 38,66,941.46 B 38,66,941.45 C 38,66,941.44 D None of These
What is the Total Net Sale of Nido Milk Powder 500gm 1x4x2x6 during the period
Q58 18/4/2013 to 29/5/2013
A 4,25,936.00 B 4,25,938.00 C 4,25,934.00 D None of These

What is the total expense of Repairs & Maintenance as on 14/5/2013

Q59
A 748.00 B 745.00 C 747.00 D None of These
What is the total payment received from Lamson Grocery Shop during the period
Q60 5/4/2013 to 18/5/2013
A 25,80,000.00 B 25,70,000.00 C 25,60,000.00 D None of These
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What is the total Cash Out Flow (Including Cash Deposit in Bank) during the period
Q61 20/4/2013 to 19/5/2013
A 51,35,870.00 B 51,35,840.00 C 51,35,860.00 D None of These

What is the total amount payable to Creditors as on 2/5/2013

Q62
A 694,38,250.12 B 694,38,250.14 C 694,38,250.16 D None of These
What is the Quantity of Nido Milk Powder 500gm 1x4x2x6 returned to suppliers during
Q63 the period 7/4/2013 to 21/5/2013
A 6.00 B 10.00 C 9.00 D None of These
What Amount of Cash was utilised for payment of Expenses during the period 1/4/2013
Q64 to 16/5/2013
A 2,97,480.00 B 2,97,490.00 C 2,97,500.00 D None of These
What is the amount paid to suppliers through Bank of London A/c (Churchil Way
Q65 Branch) during the period 7/4/2013 to 8/5/2013
A 81,85,403.62 B 81,85,403.59 C 81,85,403.60 D None of These

What is the total expense incurred during the period 16/4/2013 to 11/5/2013
Q66
A 6,38,563.00 B 6,38,561.00 C 6,38,562.00 D None of These

What is the total amount payable to Creditors other than suppliers as upto 7/5/2013
Q67
A 293,72,487.00 B 293,72,490.00 C 293,72,491.00 D None of These
What is the highest Quantity of Lipton Brue Coffee 250gm 1x2x8 sold during the period
Q68 6/4/2013 to 17/5/2013
A 475.00 B 474.00 C 473.00 D None of These

What was the Quantity of Stock of Television (Philips)32" 1x1 as on 28/5/2013

Q69
A 1,395.00 B 1,399.00 C 1,398.00 D None of These

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

Q70
A 1,453.00 B 1,452.00 C 1,449.00 D None of These
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What is the total amount of cash deposited in Bank of London A/c (Churchil Way
Q71 Branch) in the month of April
A 498,00,000.00 B 500,00,000.00 C 496,00,000.00 D None of These
What is the lowest Rate at which Punching Machine (Kores) 1x4x12 sold during the
Q72 period 9/4/2013 to 26/5/2013
A 30.00 B 60.00 C 50.00 D None of These

What is the Profit or Loss as on 27/5/2013

Q73
A -1,48,115.62 B -1,48,115.64 C -1,48,115.60 D None of These
What is the total collection from customers through City Bank (Lombard Street Branch)
Q74 A/c as on 30/5/2013
A 11,92,659.00 B 11,92,663.00 C 11,92,661.00 D None of These
What is the total payment received from Debtors during the period 18/4/2013 to
Q75 28/5/2013
A 40,75,142.00 B 40,75,143.00 C 40,75,139.00 D None of These
What is the collection from customers through Bank of London A/c (Churchil Way
Q76 Branch) during the period 9/4/2013 to 18/5/2013
A 12,69,861.00 B 12,69,862.00 C 12,69,859.00 D None of These

What was the Average Bank balance held during the period 9/4/2013 to 23/5/2013
Q77
A 1180,38,351.55 B 1180,38,351.57 C 1180,38,351.54 D None of These
What is the Average Amount of Stock of Lipton Brue Coffee 250gm 1x2x8 held during
Q78 the period 25/4/2013 to 5/5/2013
A 10,86,536.64 B 10,86,536.66 C 10,86,536.63 D None of These

What is the total Cheques collected from Pinchin Johnson & Playfter Ltd in April
Q79
A 2,79,617.00 B 2,79,615.00 C 2,79,619.00 D None of These

What is the total amount payable to Suppliers as on 30/4/2013

Q80
A 399,45,731.29 B 399,45,731.32 C 399,45,731.30 D None of These
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What is the total payment made to Creditors during the period 18/4/2013 to 22/5/2013
Q81
A 522,49,166.32 B 522,49,166.31 C 522,49,166.30 D None of These
What is the total Cash Purchase (Net) of Electronic Items during the period 2/4/2013 to
Q82 26/5/2013
A 38,52,700.00 B 38,52,800.00 C 38,52,400.00 D None of These

What was the Cash Balance as on 5/5/2013

Q83
A 18,92,954.00 B 18,92,955.00 C 18,92,957.00 D None of These
What number of ERRORS are found in JOURNAL ENTRIES posted from
Q84 TRANSACTIONS
A 2.00 B 6.00 C 5.00 D None of These
What is the total amount of cash withdrawn from banks during the period 20/4/2013 to
Q85 17/5/2013
A 41,70,000.00 B 41,80,000.00 C 41,50,000.00 D None of These

What was the balance in Bank of London A/c (Lombard Street Branch) as on 9/5/2013
Q86
A 302,10,824.30 B 302,10,824.32 C 302,10,824.34 D None of These
What is the total quantity (Net) of Television (Onida) 21" 1x1 Sold during the period
Q87 26/4/2013 to 30/5/2013
A 97.00 B 96.00 C 93.00 D None of These
What is the total gross amount of Cash received from Pinchin Johnson & Playfter Ltd in
Q88 May
A 60,000.00 B 50,000.00 C 20,000.00 D None of These

What is the total collection from customers through Bank accounts as on 20/5/2013
Q89
A 30,75,778.00 B 30,75,781.00 C 30,75,782.00 D None of These

What is the total amount Paid to Suppliers through Bank Accounts in May
Q90
A 264,69,415.50 B 264,69,415.46 C 264,69,415.47 D None of These
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What is the total Expense Paid by cash during the period 6/4/2013 to 12/5/2013
Q91
A 2,97,097.00 B 2,97,099.00 C 2,97,101.00 D None of These

What is the total Gross Purchase of Food Items as on 18/5/2013

Q92
A 39,45,099.84 B 39,45,099.83 C 39,45,099.86 D None of These

What is balance payable to Pentas Computer World A/cas on 14/5/2013

Q93
A 21,027.00 B 39,412.00 C 0.00 D None of These
What is the Maximum Amount of Stock of Punching Machine (Kores) 1x4x12 in
Q94 business
A 4,24,358.70 B 4,24,358.69 C 4,24,358.68 D None of These

What was the Rate of Stock balance of Television (Philips)32" 1x1 as on 14/5/2013
Q95
A 28,097.72 B 28,097.74 C 28,097.76 D None of These
What is the collection from customers through Bank Accounts during the period
Q96 20/4/2013 to 19/5/2013
A 23,40,778.00 B 23,40,782.00 C 23,40,781.00 D None of These
What is the total net Purchases (Less Returns) of Stationery Items during the period
Q97 8/4/2013 to 6/5/2013
A 1,85,091.22 B 1,85,091.24 C 1,85,091.21 D None of These
What is the total amount of Purchase return of Electronic Items during the period
Q98 13/4/2013 to 5/5/2013
A 2,00,188.54 B 2,00,188.57 C 2,00,188.53 D None of These
What is the Quantity of Stapler Pin (Camel) 1x8x6 returned by customers during the
Q99 period 8/4/2013 to 10/5/2013
A 8.00 B 5.00 C 9.00 D None of These

What is the Currrent Ratio as on 10/5/2013

Q100
A 2.91 B 2.95 C 2.93 D None of These