International Institute of Certified Accountants

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What is the total Credit sale (Net) of Food Items during the period 11/4/2013 to
Q1 14/5/2013
A 4,08,814.00 B 4,08,815.00 C 4,08,813.00 D None of These

What is balance receivable from Adiison Lee Fancy Shopas on 16/5/2013

Q2
A -1,412.00 B -1,410.00 C -1,409.00 D None of These
What is the Average Daily Expense of the company during the period 14/4/2013 to
Q3 17/5/2013
A 18,795.33 B 18,795.35 C 18,795.37 D None of These
What is the highest Rate at which Lipton Brue Coffee 250gm 1x2x8 purchased during
Q4 the period 18/4/2013 to 25/5/2013
A 207.55 B 207.59 C 207.57 D None of These

What is the total Purchase (Less Returns) as on 26/5/2013

Q5
A 725,06,173.35 B 725,06,173.38 C 725,06,173.36 D None of These
What is the Quantity of Gum (Fevicol) 1x10x12 returned to suppliers during the period
Q6 6/4/2013 to 18/5/2013
A 11.00 B 14.00 C 13.00 D None of These
What is the total amount paid to suppliers through City Bank (Lombard Street Branch)
Q7 A/c in April
A 41,74,525.12 B 41,74,525.11 C 41,74,525.10 D None of These

What is the total amount payable to Suppliers as on 29/5/2013

Q8
A 198,75,226.18 B 198,75,226.17 C 198,75,226.20 D None of These

What is the Debt Ratio as on 21/5/2013

Q9
A 0.37 B 0.35 C 0.34 D None of These
What is the total amount paid to Suppliers through Bank of London A/c (Churchil Way
Q10 Branch) as on 12/5/2013
A 81,85,403.62 B 81,85,403.58 C 81,85,403.60 D None of These
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What is the amount paid to suppliers through Bank of London A/c (Lombard Street
Q11 Branch) during the period 9/4/2013 to 28/5/2013
A 151,67,631.02 B 151,67,631.04 C 151,67,631.03 D None of These

What was the Quantity of Stock of Refrigerator (Kelvinator) 1x1 as on 4/5/2013

Q12
A 1,345.00 B 1,348.00 C 1,347.00 D None of These

What is the Total Net Sale of Electronic Items during the period 1/4/2013 to 18/5/2013
Q13
A 68,27,960.00 B 68,27,970.00 C 68,27,930.00 D None of These

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

Q14
A 46,35,137.00 B 46,35,138.00 C 46,35,134.00 D None of These
What is the Minimum Amount of Stock of Gum (Fevicol) 1x10x12 held in the month of
Q15 April
A 26,279.09 B 26,279.08 C 26,279.10 D None of These

What is balance payable to Brixton Foods Ltd as on 22/5/2013

Q16
A 58,319.21 B 58,319.19 C 58,319.22 D None of These
What is the total amount of cash withdrawn from Bank of London A/c (Lombard Street
Q17 Branch) in the month ofApril
A 9,00,000.00 B 10,00,000.00 C 6,00,000.00 D None of These
what was the highest amount of cash balance held during the period 6/4/2013 to
Q18 6/5/2013
A 24,37,606.00 B 24,37,608.00 C 24,37,604.00 D None of These

What is the value of Total Stock as on 11/5/2013

Q19
A 623,78,407.85 B 623,78,407.87 C 623,78,407.89 D None of These

What is the total Net Credit Purchase (Less Returns) as on 29/4/2013

Q20
A 637,24,427.68 B 637,24,427.72 C 637,24,427.70 D None of These
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What is the Quick Ratio as on 9/4/2013

Q21
A 1.78 B 1.75 C 1.76 D None of These

What is the Profit or Loss as on 25/4/2013

Q22
A 1,67,855.66 B 1,67,855.67 C 1,67,855.69 D None of These
What is the collection from customers through Bank Accounts during the period
Q23 8/4/2013 to 11/5/2013
A 25,95,986.00 B 25,95,983.00 C 25,95,987.00 D None of These

What was the Average Cash balance held during the period 18/4/2013 to 6/5/2013
Q24
A 21,29,756.78 B 21,29,756.79 C 21,29,756.77 D None of These

What is the total payment made to Creditors during the period 9/4/2013 to 17/5/2013
Q25
A 482,60,047.50 B 482,60,047.51 C 482,60,047.52 D None of These
What is the total payment received from Debtors during the period 7/4/2013 to
Q26 30/5/2013
A 48,10,142.00 B 48,10,141.00 C 48,10,139.00 D None of These
What is the amount paid to Suppliers through Bank Accounts during the period
Q27 11/4/2013 to 4/5/2013
A 234,27,696.42 B 234,27,696.40 C 234,27,696.39 D None of These
What is the total amount collected from customers through Bank of London A/c
Q28 (Churchil Way Branch) in May
A 8,00,247.00 B 8,00,244.00 C 8,00,248.00 D None of These

What is the total Gross Purchase of Electronic Items as on 20/5/2013

Q29
A 675,96,132.29 B 675,96,132.25 C 675,96,132.27 D None of These
What number of ERRORS are found in JOURNAL ENTRIES posted from
Q30 TRANSACTIONS
A 6.00 B 4.00 C 2.00 D None of These
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What is the total Gross sale of Electronic Items as on 2/5/2013

Q31
A 41,26,853.00 B 41,26,849.00 C 41,26,852.00 D None of These
What is the total Cash Out Flow (Including Cash Deposit in Bank) during the period
Q32 11/4/2013 to 21/5/2013
A 56,90,235.00 B 56,90,239.00 C 56,90,238.00 D None of These
What is the highest Quantity of Refrigerator (Kelvinator) 1x1 purchased during the
Q33 period 14/4/2013 to 21/5/2013
A 82.00 B 81.00 C 79.00 D None of These
What is the Quantity of Punching Machine (Kores) 1x4x12 returned by customers
Q34 during the period 1/4/2013 to 25/5/2013
A 10.00 B 6.00 C 8.00 D None of These
What is the Maximum Quantity of Stock of Lipton Brue Coffee 250gm 1x2x8 held in
Q35 the month of May
A 5,566.00 B 5,567.00 C 5,563.00 D None of These
What is the total net sales (Less Returns) of Stationery Items during the period 4/4/2013
Q36 to 5/5/2013
A 78,973.00 B 78,976.00 C 78,977.00 D None of These

What is balance payable to Leisure Travels A/cas on 31/5/2013

Q37
A 60,000.00 B 58,000.00 C 61,000.00 D None of These

What is the Total Amount of cash received from suppliers by way of Purchase Return
Q38
A 1,215.74 B 1,215.77 C 1,215.75 D None of These
What is the total Cash Purchase (Net) of Stationery Items during the period 2/4/2013 to
Q39 14/5/2013
A 1,01,458.50 B 1,01,458.52 C 1,01,458.48 D None of These
What is the Maximum Amount of Stock of Television (Philips)32" 1x1 held in the
Q40 month of April
A 375,20,184.53 B 375,20,184.49 C 375,20,184.50 D None of These
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What is the highest Quantity of Refrigerator (Kelvinator) 1x1 sold during the period
Q41 19/4/2013 to 15/5/2013
A 34.00 B 33.00 C 31.00 D None of These

What is the total amount Paid to Suppliers through Bank Accounts in April
Q42
A 235,11,696.39 B 235,11,696.41 C 235,11,696.42 D None of These

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

Q43
A 41,312.00 B 41,312.01 C 41,311.99 D None of These
What is the total value of fixed assets purchased during the period 10/4/2013 to
Q44 28/5/2013
A 77,33,600.00 B 77,34,000.00 C 77,33,800.00 D None of These

What was the Rate of Stock balance of Gum (Fevicol) 1x10x12 as on 18/5/2013
Q45
A 2.60 B 2.64 C 2.62 D None of These
What is the Minimum Quantity of Stock of Refrigerator (Kelvinator) 1x1 held in the
Q46 month of April
A 1,158.00 B 1,161.00 C 1,159.00 D None of These

What is the total Net Cash Purchase (Less Returns) as on 19/5/2013

Q47
A 42,16,627.52 B 42,16,627.49 C 42,16,627.50 D None of These

What is the total expense incurred as upto 4/5/2013

Q48
A 6,24,366.00 B 6,24,365.00 C 6,24,362.00 D None of These

What is the total expense of Travelling Exp as on 30/4/2013

Q49
A 28,600.00 B 28,500.00 C 28,700.00 D None of These

What was the Total Bank balance as on 13/4/2013

Q50
A 1388,84,000.00 B 1388,86,000.00 C 1388,82,000.00 D None of These
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What is the total collection from customers through City Bank (Lombard Street Branch)
Q51 A/c as on 29/5/2013
A 11,92,660.00 B 11,92,662.00 C 11,92,661.00 D None of These
What is the lowest Rate at which Refrigerator (Kelvinator) 1x1 purchased during the
Q52 period 15/4/2013 to 15/5/2013
A 6,113.91 B 6,113.94 C 6,113.90 D None of These
What is the Gross COST OF SALE of Television (Onida) 21" 1x1sold during the period
Q53 1/4/2013 to 24/5/2013
A 14,95,826.65 B 14,95,826.68 C 14,95,826.66 D None of These

What is the total Salary expense in the month of April

Q54
A 4,87,000.00 B 4,85,000.00 C 4,88,000.00 D None of These

What is the total amount of cheque paid to Brixton Foods Ltd in May
Q55
A 1,89,050.39 B 1,89,050.40 C 1,89,050.38 D None of These
What is the collection from customers through Bank of London A/c (Lombard Street
Q56 Branch) during the period 7/4/2013 to 1/5/2013
A 7,82,592.00 B 7,82,595.00 C 7,82,596.00 D None of These
What is the total amount of cash withdrawn from banks during the period 14/4/2013 to
Q57 6/5/2013
A 7,00,000.00 B 9,00,000.00 C 11,00,000.00 D None of These

What is the total Net Credit Sale (Less Returns) as on 21/4/2013

Q58
A 35,81,969.00 B 35,81,965.00 C 35,81,968.00 D None of These

What was the balance in Bank of London A/c (Lombard Street Branch) as on 1/4/2013
Q59
A 600,00,000.00 B 700,00,000.00 C 800,00,000.00 D None of These

What was the Average Bank balance held during the period 19/4/2013 to 28/5/2013
Q60
A 1078,92,987.76 B 1078,92,987.78 C 1078,92,987.77 D None of These
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How much Cash is received (Gross) from Customers during the period 11/4/2013 to
Q61 15/5/2013
A 6,80,000.00 B 6,79,000.00 C 6,76,000.00 D None of These

What is the total amount payable to Creditors as on 26/5/2013

Q62
A 331,41,226.17 B 331,41,226.16 C 331,41,226.19 D None of These
What is the total amount of sales return of Stationery Items during the period 9/4/2013
Q63 to 31/5/2013
A 380.00 B 360.00 C 390.00 D None of These

What was the Stock value of Stapler Pin (Camel) 1x8x6 as on 19/4/2013
Q64
A 72,313.72 B 72,313.70 C 72,313.71 D None of These
What is the total amount of cash deposited in Bank of London A/c (Lombard Street
Q65 Branch) in the month of April
A 504,00,000.00 B 503,00,000.00 C 505,00,000.00 D None of These
What is the total amount of Purchase return of Stationery Items during the period
Q66 16/4/2013 to 26/5/2013
A 231.08 B 231.10 C 231.06 D None of These

What is the Profit or Loss as on 11/5/2013

Q67
A -3,88,890.61 B -3,88,890.58 C -3,88,890.59 D None of These
What is the lowest Quantity of Television (Philips)32" 1x1 purchased during the period
Q68 3/4/2013 to 29/5/2013
A 11.00 B 8.00 C 9.00 D None of These
What is the Amount (Gross) of Television (Philips)32" 1x1 purchased during the period
Q69 13/4/2013 to 25/5/2013
A 62,70,167.09 B 62,70,167.13 C 62,70,167.10 D None of These
What is the total quantity (Net) of Lipton Brue Coffee 250gm 1x2x8 Purchased during
Q70 the period 23/4/2013 to 21/5/2013
A 1,419.00 B 1,422.00 C 1,423.00 D None of These
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What is the lowest Rate at which Gum (Fevicol) 1x10x12 sold during the period
Q71 3/4/2013 to 28/5/2013
A 7.00 B 8.00 C 4.00 D None of These

what is the minimum cash balance held during the period 18/4/2013 to 11/5/2013
Q72
A 17,95,196.00 B 17,95,193.00 C 17,95,194.00 D None of These

What is the total collection from customers through Bank accounts as on 20/5/2013
Q73
A 30,75,782.00 B 30,75,781.00 C 30,75,778.00 D None of These
What is the total payment made to Penmart Stationery Mall during the period 7/4/2013
Q74 to 30/5/2013
A 39,472.00 B 39,475.00 C 39,476.00 D None of These
What is the Average Amount of Stock of Gum (Fevicol) 1x10x12 held during the period
Q75 25/4/2013 to 26/5/2013
A 40,683.16 B 40,683.13 C 40,683.15 D None of These

What is the total Cash payment made to Lincroft Electronics Ltd

Q76
A 7,00,000.00 B 6,00,000.00 C 4,00,000.00 D None of These

What is the total Expense Paid by cash during the period 20/4/2013 to 17/5/2013
Q77
A 2,92,755.00 B 2,92,756.00 C 2,92,752.00 D None of These

What is the total amount receivable from Debtors as on 28/5/2013

Q78
A 18,97,529.00 B 18,97,530.00 C 18,97,526.00 D None of These
What Amount of Cash was utilised for payment of Expenses during the period 8/4/2013
Q79 to 15/5/2013
A 2,96,860.00 B 2,96,861.00 C 2,96,857.00 D None of These
What is the highest Rate at which Stapler Pin (Camel) 1x8x6 sold during the period
Q80 5/4/2013 to 19/5/2013
A 11.00 B 9.00 C 13.00 D None of These
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What is the total value of Machinery as on 4/5/2013

Q81
A 100,00,000.00 B 70,00,000.00 C 110,00,000.00 D None of These

What is the total amount payable to Creditors other than suppliers as upto 29/4/2013
Q82
A 223,80,000.00 B 223,50,000.00 C 223,90,000.00 D None of These
What is the lowest Quantity of Lipton Brue Coffee 250gm 1x2x8 sold during the period
Q83 7/4/2013 to 22/5/2013
A 119.00 B 120.00 C 116.00 D None of These

What is the total amount collected from customers through Bank Accounts in April
Q84
A 20,95,987.00 B 20,95,986.00 C 20,95,983.00 D None of These

What was the Cash Balance as on 22/5/2013

Q85
A 37,68,486.48 B 37,68,486.49 C 37,68,486.51 D None of These

What is the total Cheques collected from Lamson Grocery Shop in May
Q86
A 13,70,000.00 B 13,50,000.00 C 13,80,000.00 D None of These

What is the total amount paid to Suppliers through Bank accounts as on 8/5/2013
Q87
A 315,11,696.40 B 315,11,696.39 C 315,11,696.38 D None of These
What is the total Cash inflow (Including Cash Withdrawal) during the period 2/4/2013
Q88 to 16/5/2013
A 73,76,503.48 B 73,76,503.50 C 73,76,503.52 D None of These
What is the total payment received from Traford Super Market during the period
Q89 3/4/2013 to 24/5/2013
A 3,37,838.00 B 3,37,840.00 C 3,37,836.00 D None of These
What is the Average Quantity of Stock of Nido Milk Powder 500gm 1x4x2x6 held
Q90 during the period 21/4/2013 to 28/5/2013
A 5,031.00 B 5,032.00 C 5,033.00 D None of These
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What is the total Net Cash Sale (Less Returns) as on 8/5/2013

Q91
A 6,86,560.00 B 6,86,562.00 C 6,86,561.00 D None of These
What is the total Cash sale (Net) of Electronic Items during the period 2/4/2013 to
Q92 25/5/2013
A 19,43,962.00 B 19,43,966.00 C 19,43,965.00 D None of These
What is the total net Purchases (Less Returns) of Food Items during the period 6/4/2013
Q93 to 21/5/2013
A 10,42,359.76 B 10,42,359.74 C 10,42,359.72 D None of These
What is the total amount of cash deposited in banks during the period 19/4/2013 to
Q94 26/5/2013
A 6,50,000.00 B 6,80,000.00 C 6,70,000.00 D None of These

What is the total expense incurred during the period 4/4/2013 to 26/5/2013
Q95
A 6,75,163.00 B 6,75,159.00 C 6,75,162.00 D None of These
What is the total quantity (Net) of Gum (Fevicol) 1x10x12 Sold during the period
Q96 12/4/2013 to 25/5/2013
A 1,969.00 B 1,971.00 C 1,973.00 D None of These
What is the total Credit Purchase (Net) of Stationery Items during the period 6/4/2013
Q97 to 27/5/2013
A 2,24,486.50 B 2,24,486.48 C 2,24,486.52 D None of These

How much Cash is paid to Suppliers during the Period 4/4/2013 to 27/5/2013
Q98
A 4,89,000.00 B 4,91,000.00 C 4,88,000.00 D None of These
What is the Total Net Sale of Television (Philips)32" 1x1 during the period 14/4/2013 to
Q99 17/5/2013
A 13,35,299.00 B 13,35,295.00 C 13,35,298.00 D None of These

What is the total gross amount of Cash received from Adiison Lee Fancy Shop in May
Q100
A 10,000.00 B 50,000.00 C 30,000.00 D None of These