International Institute of Certified Accountants

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What is balance payable to Lincroft Electronics Ltd as on 5/5/2013

Q1
A 357,29,984.42 B 357,29,984.38 C 357,29,984.41 D None of These
What is the total net Purchases (Less Returns) of Stationery Items during the period
Q2 3/4/2013 to 8/5/2013
A 5,24,015.85 B 5,24,015.84 C 5,24,015.86 D None of These

What is the total amount Paid to Suppliers through Bank Accounts in May
Q3
A 264,69,415.47 B 264,69,415.49 C 264,69,415.50 D None of These
What is the total payment made to Brixton Foods Ltd during the period 5/4/2013 to
Q4 28/5/2013
A 3,63,575.50 B 3,63,575.54 C 3,63,575.52 D None of These
What is the total amount paid to suppliers through City Bank (Lombard Street Branch)
Q5 A/c in April
A 41,74,525.11 B 41,74,525.12 C 41,74,525.10 D None of These
What is the total amount of cash withdrawn from banks during the period 9/4/2013 to
Q6 20/5/2013
A 50,50,000.00 B 50,70,000.00 C 50,90,000.00 D None of These
What is the Gross COST OF SALE of Gum (Fevicol) 1x10x12sold during the period
Q7 5/4/2013 to 23/5/2013
A 3,900.21 B 3,900.25 C 3,900.23 D None of These
What is the total payment received from Brinxton Hyper Mall during the period
Q8 8/4/2013 to 18/5/2013
A 3,43,780.00 B 3,43,778.00 C 3,43,777.00 D None of These

What is the total payment made to Creditors during the period 13/4/2013 to 16/5/2013
Q9
A 461,76,047.54 B 461,76,047.52 C 461,76,047.50 D None of These
What is the total Credit sale (Net) of Stationery Items during the period 6/4/2013 to
Q10 26/5/2013
A 1,13,386.00 B 1,13,383.00 C 1,13,385.00 D None of These
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What is the Currrent Ratio as on 14/4/2013

Q11
A 2.53 B 2.54 C 2.55 D None of These

What was the Cash Balance as on 24/5/2013

Q12
A 36,61,931.52 B 36,61,931.50 C 36,61,931.49 D None of These
What is the total amount of cash deposited in banks during the period 2/4/2013 to
Q13 5/5/2013
A 7,00,000.00 B 6,00,000.00 C 8,00,000.00 D None of These
What is the Maximum Quantity of Stock of Lipton Brue Coffee 250gm 1x2x8 held in
Q14 the month of April
A 5,476.00 B 5,472.00 C 5,474.00 D None of These
What is the total amount of cash deposited in Bank of London A/c (Lombard Street
Q15 Branch) in the month of May
A 1,70,000.00 B 1,60,000.00 C 1,90,000.00 D None of These
What is the lowest Rate at which Refrigerator (Kelvinator) 1x1 sold during the period
Q16 1/4/2013 to 24/5/2013
A 6,534.00 B 6,533.00 C 6,536.00 D None of These
What is the highest Rate at which Refrigerator (Kelvinator) 1x1 purchased during the
Q17 period 9/4/2013 to 20/5/2013
A 6,386.13 B 6,386.11 C 6,386.10 D None of These

What is the total amount payable to Creditors other than suppliers as upto 28/4/2013
Q18
A 223,50,000.00 B 223,90,000.00 C 223,70,000.00 D None of These

what is the minimum cash balance held during the period 5/4/2013 to 19/5/2013
Q19
A 9,99,130.00 B 9,99,128.00 C 9,99,129.00 D None of These

What is the value of Total Stock as on 26/4/2013

Q20
A 596,45,521.92 B 596,45,521.94 C 596,45,521.96 D None of These
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What is the total Sale (Less Returns) as on 20/5/2013

Q21
A 80,33,350.00 B 80,33,370.00 C 80,33,330.00 D None of These
What is the lowest Quantity of Lipton Brue Coffee 250gm 1x2x8 purchased during the
Q22 period 16/4/2013 to 22/5/2013
A 180.00 B 200.00 C 160.00 D None of These
What is the collection from customers through Bank Accounts during the period
Q23 4/4/2013 to 25/5/2013
A 36,14,143.00 B 36,14,139.00 C 36,14,141.00 D None of These
What is the highest Rate at which Television (Onida) 21" 1x1 sold during the period
Q24 12/4/2013 to 30/5/2013
A 9,001.00 B 9,000.00 C 8,999.00 D None of These
What is the amount paid to Suppliers through Bank Accounts during the period
Q25 6/4/2013 to 17/5/2013
A 357,20,337.51 B 357,20,337.50 C 357,20,337.53 D None of These

What is the total Purchase (Less Returns) as on 27/5/2013

Q26
A 725,06,074.10 B 725,06,074.11 C 725,06,074.09 D None of These

What is the total Gross sale of Food Items as on 12/5/2013

Q27
A 8,40,208.00 B 8,40,205.00 C 8,40,209.00 D None of These
What is the total amount paid to Suppliers through Bank of London A/c (Churchil Way
Q28 Branch) as on 20/5/2013
A 123,74,454.00 B 123,74,457.00 C 123,74,458.00 D None of These

What is the total amount receivable from Debtors as on 27/5/2013

Q29
A 18,97,526.00 B 18,97,530.00 C 18,97,529.00 D None of These

What is the Debt Ratio as on 14/5/2013

Q30
A 0.39 B 0.41 C 0.40 D None of These
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What is the Total Net Sale of Stationery Items during the period 4/4/2013 to 27/5/2013
Q31
A 1,50,849.00 B 1,50,845.00 C 1,50,847.00 D None of These
What is the Average Amount of Stock of Refrigerator (Kelvinator) 1x1 held during the
Q32 period 18/4/2013 to 22/5/2013
A 86,12,373.28 B 86,12,373.26 C 86,12,373.30 D None of These

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

Q33
A 1,34,077.20 B 1,34,077.24 C 1,34,077.22 D None of These

What is balance receivable from Lamson Grocery Shopas on 23/5/2013

Q34
A 5,90,528.00 B 5,90,524.00 C 5,90,527.00 D None of These
What is the lowest Rate at which Stapler Pin (Camel) 1x8x6 purchased during the
Q35 period 7/4/2013 to 18/5/2013
A 5.23 B 5.27 C 5.24 D None of These
What is the total Cash sale (Net) of Electronic Items during the period 18/4/2013 to
Q36 18/5/2013
A 19,43,966.00 B 19,43,962.00 C 19,43,964.00 D None of These
What is the total amount of sales return of Food Items during the period 2/4/2013 to
Q37 23/5/2013
A 6,157.00 B 6,153.00 C 6,155.00 D None of These
What is the Minimum Amount of Stock of Happy Tomato Sauce 250gm 1x8x4x2 held
Q38 in the month of May
A 4,08,901.17 B 4,08,901.18 C 4,08,901.20 D None of These
What number of ERRORS are found in JOURNAL ENTRIES posted from
Q39 TRANSACTIONS
A 6.00 B 2.00 C 5.00 D None of These

What is the total Net Cash Sale (Less Returns) as on 9/5/2013

Q40
A 6,86,563.00 B 6,86,561.00 C 6,86,560.00 D None of These
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What is the total Gross Purchase of Food Items as on 23/5/2013

Q41
A 41,34,938.87 B 41,34,938.86 C 41,34,938.88 D None of These
What is the total value of fixed assets purchased during the period 20/4/2013 to
Q42 24/5/2013
A 76,58,900.00 B 76,58,600.00 C 76,59,000.00 D None of These

What was the balance in Bank of London A/c (Lombard Street Branch) as on 19/5/2013
Q43
A 265,60,824.34 B 265,60,824.30 C 265,60,824.32 D None of These
What is the Amount (Gross) of Happy Tomato Sauce 250gm 1x8x4x2 purchased during
Q44 the period 15/4/2013 to 26/5/2013
A 93,820.16 B 93,820.15 C 93,820.18 D None of These
What is the Quantity of Lipton Brue Coffee 250gm 1x2x8 returned by customers during
Q45 the period 4/4/2013 to 19/5/2013
A 4.00 B 7.00 C 8.00 D None of These

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

Q46
A 42,16,627.50 B 42,16,627.52 C 42,16,627.48 D None of These

What was the Quantity of Stock of Lipton Brue Coffee 250gm 1x2x8 as on 12/5/2013
Q47
A 5,150.00 B 5,147.00 C 5,151.00 D None of These

What is the Total Amount of cash received from suppliers by way of Purchase Return
Q48
A 1,215.74 B 1,215.76 C 1,215.73 D None of These

What is the total amount payable to Suppliers as on 17/5/2013

Q49
A 311,51,185.98 B 311,51,185.99 C 311,51,186.01 D None of These
What is the Quantity of Lipton Brue Coffee 250gm 1x2x8 returned to suppliers during
Q50 the period 10/4/2013 to 27/5/2013
A 11.00 B 9.00 C 13.00 D None of These
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What is the total Cash Purchase (Net) of Electronic Items during the period 10/4/2013
Q51 to 29/4/2013
A 0.00 B 5,959.00 C 69,799.00 D None of These

What is balance payable to Pentas Computer World A/cas on 27/5/2013

Q52
A 45,998.00 B 0.00 C 61,963.00 D None of These

What is the total Cash payment made to Penmark Stationery Mall

Q53
A 80,000.00 B 79,000.00 C 77,000.00 D None of These

What was the Average Cash balance held during the period 6/4/2013 to 23/5/2013
Q54
A 22,39,150.55 B 22,39,150.56 C 22,39,150.54 D None of These

What is the total amount payable to Creditors as on 6/5/2013

Q55
A 670,87,328.42 B 670,87,328.44 C 670,87,328.46 D None of These
What is the total amount of Purchase return of Electronic Items during the period
Q56 11/4/2013 to 16/5/2013
A 3,95,575.61 B 3,95,575.59 C 3,95,575.60 D None of These

What is the total Expense Paid by cash during the period 7/4/2013 to 13/5/2013
Q57
A 2,97,175.00 B 2,97,173.00 C 2,97,174.00 D None of These

What is the Profit or Loss as on 15/5/2013

Q58
A -3,42,294.85 B -3,42,294.83 C -3,42,294.86 D None of These

What is the Profit or Loss as on 7/4/2013

Q59
A 41,861.99 B 41,862.00 C 41,862.01 D None of These

What is the total Electricity expense in the month of May

Q60
A 4,890.00 B 4,887.00 C 4,891.00 D None of These
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How much Cash is paid to Suppliers during the Period 3/4/2013 to 24/5/2013
Q61
A 4,80,000.00 B 4,77,000.00 C 4,79,000.00 D None of These
How much Cash is received (Gross) from Customers during the period 12/4/2013 to
Q62 23/5/2013
A 8,88,000.00 B 8,86,000.00 C 8,90,000.00 D None of These

What was the Total Bank balance as on 18/4/2013

Q63
A 1325,04,000.00 B 1325,07,000.00 C 1325,08,000.00 D None of These
What is the total payment received from Debtors during the period 9/4/2013 to
Q64 30/5/2013
A 48,10,142.00 B 48,10,143.00 C 48,10,139.00 D None of These
What is the Maximum Amount of Stock of Nido Milk Powder 500gm 1x4x2x6 held in
Q65 the month of May
A 16,02,956.23 B 16,02,956.25 C 16,02,956.24 D None of These
What is the total Cash Out Flow (Including Cash Deposit in Bank) during the period
Q66 13/4/2013 to 12/5/2013
A 15,53,459.00 B 15,53,462.00 C 15,53,461.00 D None of These

What is the total expense incurred as upto 25/5/2013

Q67
A 6,94,470.00 B 6,94,440.00 C 6,94,480.00 D None of These

What is the total collection from customers through Bank accounts as on 6/5/2013
Q68
A 23,95,986.00 B 23,95,984.00 C 23,95,987.00 D None of These
What is the total amount collected from customers through Bank of London A/c
Q69 (Churchil Way Branch) in April
A 6,69,619.00 B 6,69,615.00 C 6,69,618.00 D None of These
What is the total net sales (Less Returns) of Electronic Items during the period
Q70 10/4/2013 to 15/5/2013
A 41,04,500.00 B 41,04,400.00 C 41,04,700.00 D None of These
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What is the highest Quantity of Lipton Brue Coffee 250gm 1x2x8 sold during the period
Q71 19/4/2013 to 20/5/2013
A 465.00 B 467.00 C 468.00 D None of These
what was the highest amount of cash balance held during the period 8/4/2013 to
Q72 21/5/2013
A 63,21,719.50 B 63,21,719.49 C 63,21,719.48 D None of These
What is the amount paid to suppliers through Bank of London A/c (Lombard Street
Q73 Branch) during the period 17/4/2013 to 20/5/2013
A 110,67,767.70 B 110,67,767.68 C 110,67,767.66 D None of These

What is the total amount paid to Suppliers through Bank accounts as on 24/4/2013
Q74
A 194,94,292.79 B 194,94,292.80 C 194,94,292.82 D None of These
What is the Average Quantity of Stock of Lipton Brue Coffee 250gm 1x2x8 held during
Q75 the period 24/4/2013 to 24/5/2013
A 5,800.00 B 5,700.00 C 5,400.00 D None of These
What is the total quantity (Net) of Refrigerator (Kelvinator) 1x1 Purchased during the
Q76 period 28/4/2013 to 31/5/2013
A 273.00 B 269.00 C 272.00 D None of These
What is the total amount of cash withdrawn from City Bank (Lombard Street Branch)
Q77 A/cin the month ofApril
A 6,00,000.00 B 3,00,000.00 C 7,00,000.00 D None of These

What is the total gross amount of Cash received from Lamson Grocery Shop in April
Q78
A 3,00,000.00 B 7,00,000.00 C 6,00,000.00 D None of These

What is the total amount of cheque paid to Sanford Electrics Ltd in April
Q79
A 85,817.00 B 60,821.00 C 0.00 D None of These

What is the total expense incurred during the period 8/4/2013 to 21/5/2013
Q80
A 6,67,969.00 B 6,67,972.00 C 6,67,973.00 D None of These
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What is the total Net Credit Purchase (Less Returns) as on 11/5/2013

Q81
A 670,62,790.47 B 670,62,790.49 C 670,62,790.46 D None of These

What is the total amount collected from customers through Bank Accounts in April
Q82
A 20,95,986.00 B 20,95,983.00 C 20,95,985.00 D None of These

What is the total Cheques collected from Hamilton Rose Hyper Market in May
Q83
A 6,97,388.00 B 6,97,385.00 C 6,97,387.00 D None of These
What is the Minimum Quantity of Stock of Television (Philips)32" 1x1 held in the
Q84 month of May
A 1,340.00 B 1,380.00 C 1,370.00 D None of These
What Amount of Cash was utilised for payment of Expenses during the period
Q85 19/4/2013 to 28/5/2013
A 2,97,850.00 B 2,97,880.00 C 2,97,890.00 D None of These

What was the Average Bank balance held during the period 10/4/2013 to 11/5/2013
Q86
A 1264,51,701.86 B 1264,51,701.90 C 1264,51,701.88 D None of These
What is the highest Quantity of Nido Milk Powder 500gm 1x4x2x6 purchased during
Q87 the period 4/4/2013 to 31/5/2013
A 436.00 B 435.00 C 432.00 D None of These
What is the total collection from customers through Bank of London A/c (Lombard
Q88 Street Branch) as on 27/5/2013
A 13,01,377.00 B 13,01,380.00 C 13,01,379.00 D None of These
What is the Total Net Sale of Punching Machine (Kores) 1x4x12 during the period
Q89 3/4/2013 to 21/5/2013
A 96,425.00 B 96,426.00 C 96,428.00 D None of These
What is the total Credit Purchase (Net) of Food Items during the period 9/4/2013 to
Q90 31/5/2013
A 7,13,446.58 B 7,13,446.56 C 7,13,446.54 D None of These
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What is the Average Daily Expense of the company during the period 22/4/2013 to
Q91 31/5/2013
A 28,246.16 B 28,246.18 C 28,246.20 D None of These

What is the total expense of Travelling Exp as on 31/5/2013

Q92
A 87,160.00 B 87,190.00 C 87,170.00 D None of These

What was the Stock value of Gum (Fevicol) 1x10x12 as on 19/4/2013

Q93
A 34,283.96 B 34,283.92 C 34,283.94 D None of These
What is the total Cash inflow (Including Cash Withdrawal) during the period 17/4/2013
Q94 to 6/5/2013
A 14,48,052.00 B 14,48,053.00 C 14,48,049.00 D None of These
What is the collection from customers through Bank of London A/c (Lombard Street
Q95 Branch) during the period 16/4/2013 to 10/5/2013
A 4,37,596.00 B 4,37,595.00 C 4,37,592.00 D None of These

What is the total Net Credit Sale (Less Returns) as on 27/4/2013

Q96
A 38,94,660.00 B 38,94,670.00 C 38,94,640.00 D None of These

What is the total value of Vehicles as on 26/5/2013

Q97
A 4,09,000.00 B 4,06,000.00 C 4,08,000.00 D None of These
What is the total quantity (Net) of Television (Philips)32" 1x1 Sold during the period
Q98 17/4/2013 to 30/5/2013
A 101.00 B 105.00 C 103.00 D None of These
What is the lowest Quantity of Happy Tomato Sauce 250gm 1x8x4x2 sold during the
Q99 period 9/4/2013 to 18/5/2013
A 89.00 B 88.00 C 87.00 D None of These
What was the Rate of Stock balance of Lipton Brue Coffee 250gm 1x2x8 as on
Q100 22/5/2013
A 204.09 B 204.10 C 204.12 D None of These