International Institute of Certified Accountants

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What is the Minimum Quantity of Stock of Television (Philips)32" 1x1 held in the
Q1 month of May
A 1,340.00 B 1,360.00 C 1,370.00 D None of These

What was the Average Bank balance held during the period 18/4/2013 to 28/5/2013
Q2
A 1084,93,256.37 B 1084,93,256.36 C 1084,93,256.39 D None of These

What was the Average Cash balance held during the period 4/4/2013 to 7/5/2013
Q3
A 17,65,004.59 B 17,65,004.58 C 17,65,004.61 D None of These
What is the total Credit Purchase (Net) of Electronic Items during the period 9/4/2013
Q4 to 25/5/2013
A 101,66,213.32 B 101,66,213.36 C 101,66,213.34 D None of These

What is the total collection from customers through Bank accounts as on 4/5/2013
Q5
A 22,95,983.00 B 22,95,985.00 C 22,95,987.00 D None of These

What is the total expense incurred during the period 14/4/2013 to 24/5/2013
Q6
A 6,49,679.00 B 6,49,680.00 C 6,49,681.00 D None of These
What is the total amount paid to suppliers through City Bank (Lombard Street Branch)
Q7 A/c in April
A 41,74,525.13 B 41,74,525.10 C 41,74,525.11 D None of These

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

Q8
A -36,290.00 B -36,294.00 C -36,291.00 D None of These

What is the total Cash payment made to Penmart Stationery Mall

Q9
A 30,000.00 B 50,000.00 C 40,000.00 D None of These

What is the Maximum Quantity of Stock of Refrigerator (Kelvinator) 1x1 in business

Q10
A 1,514.00 B 1,516.00 C 1,517.00 D None of These
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What is the total amount of cash deposited in banks during the period 10/4/2013 to
Q11 13/5/2013
A 4,00,000.00 B 7,00,000.00 C 8,00,000.00 D None of These
What Amount of Cash was utilised for payment of Expenses during the period 1/4/2013
Q12 to 23/5/2013
A 3,02,159.00 B 3,02,163.00 C 3,02,162.00 D None of These
What is the total amount collected from customers through City Bank (Lombard Street
Q13 Branch) A/c in May
A 12,46,268.00 B 12,46,272.00 C 12,46,271.00 D None of These

What is the Total Amount of cash paid to customers by way of Sales Return
Q14
A 87,787.00 B 87,783.00 C 87,786.00 D None of These
What is the total gross amount of Cash received from Pinchin Johnson & Playfter Ltd in
Q15 April
A 28,422.00 B 0.00 C 19,418.00 D None of These

What is the total Net Credit Purchase (Less Returns) as on 16/5/2013

Q16
A 673,01,513.97 B 673,01,513.98 C 673,01,513.99 D None of These
What is the Amount (Gross) of Happy Tomato Sauce 250gm 1x8x4x2 purchased during
Q17 the period 20/4/2013 to 28/5/2013
A 82,429.46 B 82,429.43 C 82,429.44 D None of These
What is the amount paid to Suppliers through Bank Accounts during the period
Q18 8/4/2013 to 24/5/2013
A 439,27,319.70 B 439,27,319.68 C 439,27,319.66 D None of These

What is the Quick Ratio as on 28/4/2013

Q19
A 2.04 B 2.03 C 2.06 D None of These

What is the total payment made to Creditors during the period 12/4/2013 to 30/5/2013
Q20
A 685,43,029.66 B 685,43,029.68 C 685,43,029.67 D None of These
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What is the total value of fixed assets purchased during the period 11/4/2013 to
Q21 30/5/2013
A 77,34,000.00 B 77,33,600.00 C 77,33,900.00 D None of These

What is the total value of Machinery as on 14/5/2013

Q22
A 76,00,000.00 B 73,00,000.00 C 75,00,000.00 D None of These

What is the Total Net Sale of Electronic Items during the period 4/4/2013 to 13/5/2013
Q23
A 51,73,696.00 B 51,73,694.00 C 51,73,692.00 D None of These

What is the total Expense Paid by cash during the period 18/4/2013 to 10/5/2013
Q24
A 2,92,839.00 B 2,92,842.00 C 2,92,841.00 D None of These
What is the total Cash inflow (Including Cash Withdrawal) during the period 15/4/2013
Q25 to 27/5/2013
A 75,70,063.77 B 75,70,063.74 C 75,70,063.75 D None of These
What is the lowest Rate at which Punching Machine (Kores) 1x4x12 sold during the
Q26 period 17/4/2013 to 16/5/2013
A 70.00 B 60.00 C 50.00 D None of These
What is the total amount of cash deposited in City Bank (Lombard Street Branch) A/c in
Q27 the month of May
A 4,00,000.00 B 5,00,000.00 C 1,00,000.00 D None of These
What is the Quantity of Nido Milk Powder 500gm 1x4x2x6 returned by customers
Q28 during the period 4/4/2013 to 19/5/2013
A 7.00 B 9.00 C 11.00 D None of These
What is the total net Purchases (Less Returns) of Electronic Items during the period
Q29 15/4/2013 to 15/5/2013
A 100,19,571.37 B 100,19,571.39 C 100,19,571.38 D None of These
What is the total quantity (Net) of Lipton Brue Coffee 250gm 1x2x8 Sold during the
Q30 period 26/4/2013 to 21/5/2013
A 1,009.00 B 1,013.00 C 1,012.00 D None of These
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What is the total Cheques collected from Traford Super Market in April
Q31
A 1,87,595.00 B 1,87,596.00 C 1,87,592.00 D None of These
what was the highest amount of cash balance held during the period 18/4/2013 to
Q32 14/5/2013
A 63,21,719.50 B 63,21,719.48 C 63,21,719.52 D None of These

What is the total expense of Petrol & Diesel as on 21/5/2013

Q33
A 1,770.00 B 1,730.00 C 1,750.00 D None of These

what is the minimum cash balance held during the period 16/4/2013 to 21/5/2013
Q34
A 15,45,416.00 B 15,45,415.00 C 15,45,414.00 D None of These
What is the Gross COST OF SALE of Stapler Pin (Camel) 1x8x6sold during the period
Q35 1/4/2013 to 16/5/2013
A 14,140.05 B 14,140.09 C 14,140.07 D None of These

What is the total amount paid to Suppliers through Bank accounts as on 1/5/2013
Q36
A 235,11,696.39 B 235,11,696.40 C 235,11,696.38 D None of These

What is the total amount receivable from Debtors as on 2/5/2013

Q37
A 10,71,896.00 B 10,71,897.00 C 10,71,893.00 D None of These
What is the total payment made to Lincroft Electronics Ltd during the period 9/4/2013
Q38 to 16/5/2013
A 286,00,000.00 B 287,00,000.00 C 284,00,000.00 D None of These
What is the highest Quantity of Punching Machine (Kores) 1x4x12 purchased during
Q39 the period 5/4/2013 to 31/5/2013
A 10,320.00 B 10,340.00 C 10,360.00 D None of These
What is the total payment received from Debtors during the period 8/4/2013 to
Q40 29/5/2013
A 48,10,141.00 B 48,10,143.00 C 48,10,139.00 D None of These
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What is the total payment received from Adiison Lee Fancy Shop during the period
Q41 7/4/2013 to 31/5/2013
A 4,69,338.00 B 4,69,340.00 C 4,69,337.00 D None of These

What was the Quantity of Stock of Gum (Fevicol) 1x10x12 as on 12/5/2013

Q42
A 15,527.00 B 15,528.00 C 15,525.00 D None of These
What is the Quantity of Punching Machine (Kores) 1x4x12 returned to suppliers during
Q43 the period 12/4/2013 to 13/5/2013
A 9.00 B 8.00 C 7.00 D None of These

What was the Cash Balance as on 26/5/2013

Q44
A 36,51,931.48 B 36,51,931.50 C 36,51,931.49 D None of These
What number of ERRORS are found in JOURNAL ENTRIES posted from
Q45 TRANSACTIONS
A 6.00 B 3.00 C 5.00 D None of These
What is the total Credit sale (Net) of Food Items during the period 2/4/2013 to
Q46 22/5/2013
A 8,36,090.00 B 8,36,080.00 C 8,36,060.00 D None of These
What is the total collection from customers through Bank of London A/c (Churchil
Q47 Way Branch) as on 27/5/2013
A 12,69,861.00 B 12,69,862.00 C 12,69,859.00 D None of These
What is the total quantity (Net) of Refrigerator (Kelvinator) 1x1 Purchased during the
Q48 period 24/4/2013 to 16/5/2013
A 220.00 B 210.00 C 230.00 D None of These

What was the balance in Bank of London A/c (Churchil Way Branch) as on 27/5/2013
Q49
A 340,53,837.00 B 340,53,838.00 C 340,53,834.00 D None of These

What is the value of Total Stock as on 1/4/2013

Q50
A 30,87,350.70 B 30,87,350.74 C 30,87,350.71 D None of These
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What is the total Cash Purchase (Net) of Food Items during the period 3/4/2013 to
Q51 22/4/2013
A 2,05,480.00 B 2,05,470.00 C 2,05,440.00 D None of These

What is the total amount payable to Creditors as on 28/4/2013

Q52
A 622,95,731.30 B 622,95,731.28 C 622,95,731.32 D None of These

What is the total expense incurred as upto 15/5/2013

Q53
A 6,83,715.00 B 6,83,713.00 C 6,83,714.00 D None of These
What is the total amount of cash withdrawn from banks during the period 11/4/2013 to
Q54 22/5/2013
A 47,80,000.00 B 47,90,000.00 C 47,70,000.00 D None of These
What is the total amount of sales return of Food Items during the period 11/4/2013 to
Q55 21/5/2013
A 4,520.00 B 4,518.00 C 4,521.00 D None of These

How much Cash is paid to Suppliers during the Period 5/4/2013 to 21/5/2013
Q56
A 4,80,000.00 B 4,81,000.00 C 4,77,000.00 D None of These

What is the total Net Credit Sale (Less Returns) as on 29/5/2013

Q57
A 67,07,668.00 B 67,07,665.00 C 67,07,667.00 D None of These

What is the Debt Ratio as on 27/4/2013

Q58
A 0.45 B 0.43 C 0.41 D None of These
What is the total net sales (Less Returns) of Food Items during the period 2/4/2013 to
Q59 17/5/2013
A 8,35,689.00 B 8,35,690.00 C 8,35,691.00 D None of These

What is balance payable to Brixton Foods Ltd as on 19/5/2013

Q60
A 59,879.27 B 59,879.25 C 59,879.29 D None of These
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What is the total Purchase (Less Returns) as on 20/4/2013

Q61
A 624,75,390.23 B 624,75,390.21 C 624,75,390.20 D None of These
What is the total Cash Out Flow (Including Cash Deposit in Bank) during the period
Q62 14/4/2013 to 5/5/2013
A 12,48,118.00 B 12,48,116.00 C 12,48,119.00 D None of These

What is the total Gross sale of Electronic Items as on 22/4/2013

Q63
A 37,33,893.00 B 37,33,897.00 C 37,33,896.00 D None of These
What is the highest Rate at which Gum (Fevicol) 1x10x12 sold during the period
Q64 16/4/2013 to 31/5/2013
A 5.00 B 8.00 C 7.00 D None of These

What was the Total Bank balance as on 17/5/2013

Q65
A 968,73,915.47 B 968,73,915.46 C 968,73,915.48 D None of These

What is the total Net Cash Purchase (Less Returns) as on 6/5/2013

Q66
A 3,05,908.00 B 3,05,905.00 C 3,05,909.00 D None of These

What is the total Net Cash Sale (Less Returns) as on 23/4/2013

Q67
A 5,42,415.00 B 5,42,412.00 C 5,42,416.00 D None of These
What is the total amount of Purchase return of Stationery Items during the period
Q68 3/4/2013 to 19/5/2013
A 231.10 B 231.06 C 231.08 D None of These

What is the total amount payable to Creditors other than suppliers as upto 24/5/2013
Q69
A 92,68,000.00 B 92,70,000.00 C 92,66,000.00 D None of These

What is the total Sale (Less Returns) as on 19/5/2013

Q70
A 80,33,350.00 B 80,33,360.00 C 80,33,330.00 D None of These
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What is the Average Amount of Stock of Nido Milk Powder 500gm 1x4x2x6 held
Q71 during the period 15/4/2013 to 12/5/2013
A 15,18,341.54 B 15,18,341.50 C 15,18,341.52 D None of These
What was the Rate of Stock balance of Nido Milk Powder 500gm 1x4x2x6 as on
Q72 15/5/2013
A 304.04 B 304.05 C 304.03 D None of These

What is the total amount Paid to Suppliers through Bank Accounts in April
Q73
A 235,11,696.42 B 235,11,696.38 C 235,11,696.40 D None of These

What is balance payable to Vibgyor Multi Color Printers A/cas on 10/5/2013

Q74
A 96,258.00 B 96,824.00 C 0.00 D None of These
What is the lowest Quantity of Nido Milk Powder 500gm 1x4x2x6 sold during the
Q75 period 3/4/2013 to 23/5/2013
A 11.00 B 13.00 C 14.00 D None of These
What is the Average Quantity of Stock of Gum (Fevicol) 1x10x12 held during the
Q76 period 18/4/2013 to 19/5/2013
A 14,609.00 B 14,610.00 C 14,606.00 D None of These

What is the Profit or Loss as on 6/4/2013

Q77
A 42,202.03 B 42,202.01 C 42,202.00 D None of These
What is the total amount of cash withdrawn from Bank of London A/c (Churchil Way
Q78 Branch) in the month ofMay
A 5,00,000.00 B 3,00,000.00 C 1,00,000.00 D None of These
What is the total Cash sale (Net) of Electronic Items during the period 2/4/2013 to
Q79 1/5/2013
A 4,85,588.00 B 4,85,589.00 C 4,85,586.00 D None of These
What is the highest Rate at which Lipton Brue Coffee 250gm 1x2x8 purchased during
Q80 the period 15/4/2013 to 21/5/2013
A 207.55 B 207.56 C 207.57 D None of These
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What is the Profit or Loss as on 7/5/2013

Q81
A -3,22,879.42 B -3,22,879.40 C -3,22,879.43 D None of These
What is the Average Daily Expense of the company during the period 24/4/2013 to
Q82 10/5/2013
A 35,422.75 B 35,422.74 C 35,422.76 D None of These
What is the lowest Rate at which Punching Machine (Kores) 1x4x12 purchased during
Q83 the period 15/4/2013 to 30/5/2013
A 20.25 B 20.26 C 20.24 D None of These

What is the total amount payable to Suppliers as on 31/5/2013

Q84
A 178,11,433.98 B 178,11,434.00 C 178,11,433.97 D None of These

What is the total amount collected from customers through Bank Accounts in May
Q85
A 27,15,544.00 B 27,15,542.00 C 27,15,545.00 D None of These
What is the total amount paid to Suppliers through City Bank (Lombard Street Branch)
Q86 A/c as on 28/4/2013
A 41,74,525.10 B 41,74,525.13 C 41,74,525.11 D None of These
What is the collection from customers through City Bank (Lombard Street Branch) A/c
Q87 during the period 15/4/2013 to 6/5/2013
A 7,43,778.00 B 7,43,776.00 C 7,43,780.00 D None of These
What is the Minimum Amount of Stock of Gum (Fevicol) 1x10x12 held in the month of
Q88 April
A 26,279.09 B 26,279.10 C 26,279.12 D None of These
What is the lowest Quantity of Refrigerator (Kelvinator) 1x1 purchased during the
Q89 period 13/4/2013 to 15/5/2013
A 41.00 B 39.00 C 43.00 D None of These

What is the Profit or Loss as on 19/5/2013

Q90
A -2,08,183.96 B -2,08,183.92 C -2,08,183.94 D None of These
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What is the total Gross Purchase of Food Items as on 26/4/2013

Q91
A 35,27,960.49 B 35,27,960.47 C 35,27,960.46 D None of These

What was the Stock value of Nido Milk Powder 500gm 1x4x2x6 as on 30/5/2013
Q92
A 15,11,725.17 B 15,11,725.18 C 15,11,725.20 D None of These
What is the Total Net Sale of Television (Onida) 21" 1x1 during the period 15/4/2013 to
Q93 28/5/2013
A 11,20,774.00 B 11,20,778.00 C 11,20,776.00 D None of These
What is the amount paid to suppliers through City Bank (Lombard Street Branch) A/c
Q94 during the period 11/4/2013 to 14/5/2013
A 81,74,525.10 B 81,74,525.12 C 81,74,525.11 D None of These

What is the total amount of cheque paid to Brixton Foods Ltd in April
Q95
A 1,74,525.10 B 1,74,525.13 C 1,74,525.11 D None of These
What is the collection from customers through Bank Accounts during the period
Q96 17/4/2013 to 13/5/2013
A 18,60,986.00 B 18,60,983.00 C 18,60,987.00 D None of These
What is the Maximum Amount of Stock of Television (Onida) 21" 1x1 held in the
Q97 month of May
A 121,80,651.36 B 121,80,651.39 C 121,80,651.38 D None of These
What is the highest Quantity of Punching Machine (Kores) 1x4x12 sold during the
Q98 period 20/4/2013 to 25/5/2013
A 792.00 B 796.00 C 795.00 D None of These
How much Cash is received (Gross) from Customers during the period 10/4/2013 to
Q99 5/5/2013
A 3,78,000.00 B 3,77,000.00 C 3,80,000.00 D None of These

What is the total Rent expense in the month of May

Q100
A 40,000.00 B 20,000.00 C 50,000.00 D None of These