International Institute of Certified Accountants

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What is the Total Amount of cash paid to customers by way of Sales Return
Q1
A 87,783.00 B 87,786.00 C 87,787.00 D None of These

What is the Minimum Amount of Stock of Stapler Pin (Camel) 1x8x6 in business
Q2
A 59,784.10 B 59,784.06 C 59,784.08 D None of These
What is the collection from customers through Bank Accounts during the period
Q3 3/4/2013 to 22/5/2013
A 34,45,150.00 B 34,45,110.00 C 34,45,130.00 D None of These
what was the highest amount of cash balance held during the period 1/4/2013 to
Q4 16/5/2013
A 1500,00,000.00 B 1900,00,000.00 C 1800,00,000.00 D None of These

What is the total Electricity expense in the month of April

Q5
A 4,023.00 B 4,025.00 C 4,021.00 D None of These
What is the amount paid to suppliers through City Bank (Lombard Street Branch) A/c
Q6 during the period 18/4/2013 to 25/5/2013
A 121,96,184.24 B 121,96,184.23 C 121,96,184.22 D None of These
What is the total Cash Purchase (Net) of Stationery Items during the period 9/4/2013 to
Q7 1/5/2013
A 1,01,560.00 B 1,01,540.00 C 1,01,520.00 D None of These
What is the total amount of sales return of Stationery Items during the period 11/4/2013
Q8 to 10/5/2013
A 204.00 B 205.00 C 203.00 D None of These

What is the total Net Cash Sale (Less Returns) as on 15/5/2013

Q9
A 8,64,955.00 B 8,64,954.00 C 8,64,952.00 D None of These

What is the Total Net Sale of Stationery Items during the period 15/4/2013 to 30/5/2013
Q10
A 1,11,015.00 B 1,11,012.00 C 1,11,014.00 D None of These
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What is the total amount of Purchase return of Food Items during the period 7/4/2013 to
Q11 5/5/2013
A 3,668.33 B 3,668.34 C 3,668.35 D None of These
What is the Maximum Quantity of Stock of Stapler Pin (Camel) 1x8x6 held in the
Q12 month of April
A 15,189.00 B 15,192.00 C 15,193.00 D None of These

what is the minimum cash balance held during the period 6/4/2013 to 25/5/2013
Q13
A 9,99,131.00 B 9,99,130.00 C 9,99,127.00 D None of These

What is the Profit or Loss as on 26/4/2013

Q14
A 1,67,855.65 B 1,67,855.66 C 1,67,855.67 D None of These

What is the Maximum Amount of Stock of Television (Onida) 21" 1x1 in business
Q15
A 121,80,651.37 B 121,80,651.36 C 121,80,651.35 D None of These

What is the total amount Paid to Suppliers through Bank Accounts in April
Q16
A 235,11,696.41 B 235,11,696.42 C 235,11,696.39 D None of These
What is the total amount paid to Suppliers through City Bank (Lombard Street Branch)
Q17 A/c as on 11/5/2013
A 81,74,525.10 B 81,74,525.14 C 81,74,525.12 D None of These
What is the Gross COST OF SALE of Television (Onida) 21" 1x1sold during the period
Q18 13/4/2013 to 22/5/2013
A 8,63,173.48 B 8,63,173.47 C 8,63,173.50 D None of These
What is the total net sales (Less Returns) of Electronic Items during the period
Q19 15/4/2013 to 21/5/2013
A 40,05,950.00 B 40,05,970.00 C 40,05,980.00 D None of These

What was the Average Cash balance held during the period 15/4/2013 to 5/5/2013
Q20
A 20,62,069.18 B 20,62,069.20 C 20,62,069.21 D None of These
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What is the total Net Credit Sale (Less Returns) as on 11/5/2013

Q21
A 46,56,697.00 B 46,56,694.00 C 46,56,698.00 D None of These

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

Q22
A 673,15,056.89 B 673,15,056.86 C 673,15,056.87 D None of These

What is the total Purchase (Less Returns) as on 3/5/2013

Q23
A 658,75,327.64 B 658,75,327.63 C 658,75,327.66 D None of These
What number of ERRORS are found in JOURNAL ENTRIES posted from
Q24 TRANSACTIONS
A 4.00 B 2.00 C 5.00 D None of These

What is the total amount of cash deposited in Al Islami Bank A/c in the month of April
Q25
A 93,083.00 B 76,871.00 C 0.00 D None of These
What is the total Cash inflow (Including Cash Withdrawal) during the period 10/4/2013
Q26 to 13/5/2013
A 25,76,442.00 B 25,76,444.00 C 25,76,446.00 D None of These
What is the highest Rate at which Stapler Pin (Camel) 1x8x6 sold during the period
Q27 7/4/2013 to 29/5/2013
A 13.00 B 9.00 C 11.00 D None of These

What is balance receivable from Traford Super Marketas on 25/5/2013

Q28
A 4,53,394.00 B 4,53,395.00 C 4,53,397.00 D None of These

What is balance payable to Lincroft Electronics Ltd as on 20/4/2013

Q29
A 463,05,209.85 B 463,05,209.83 C 463,05,209.84 D None of These
What is the collection from customers through Bank of London A/c (Lombard Street
Q30 Branch) during the period 16/4/2013 to 3/5/2013
A 4,37,595.00 B 4,37,594.00 C 4,37,592.00 D None of These
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What is the total expense incurred as upto 16/5/2013

Q31
A 6,83,751.00 B 6,83,754.00 C 6,83,753.00 D None of These

What is the total collection from customers through Bank accounts as on 24/4/2013
Q32
A 15,66,371.00 B 15,66,372.00 C 15,66,370.00 D None of These
What is the total quantity (Net) of Refrigerator (Kelvinator) 1x1 Purchased during the
Q33 period 26/4/2013 to 20/5/2013
A 230.00 B 190.00 C 220.00 D None of These
What is the amount paid to Suppliers through Bank Accounts during the period
Q34 1/4/2013 to 24/5/2013
A 439,27,319.68 B 439,27,319.66 C 439,27,319.70 D None of These
What is the Minimum Quantity of Stock of Punching Machine (Kores) 1x4x12 held in
Q35 the month of April
A 9,794.00 B 9,793.00 C 9,791.00 D None of These
What is the Total Net Sale of Happy Tomato Sauce 250gm 1x8x4x2 during the period
Q36 15/4/2013 to 27/5/2013
A 1,81,762.00 B 1,81,764.00 C 1,81,765.00 D None of These

How much Cash is paid to Suppliers during the Period 11/4/2013 to 26/5/2013
Q37
A 4,87,000.00 B 4,91,000.00 C 4,90,000.00 D None of These
What is the Quantity of Nido Milk Powder 500gm 1x4x2x6 returned by customers
Q38 during the period 15/4/2013 to 12/5/2013
A 10.00 B 9.00 C 6.00 D None of These

What is the total amount paid to Suppliers through Bank accounts as on 3/5/2013
Q39
A 275,11,696.39 B 275,11,696.42 C 275,11,696.40 D None of These
What is the total net Purchases (Less Returns) of Electronic Items during the period
Q40 13/4/2013 to 16/5/2013
A 100,19,571.41 B 100,19,571.40 C 100,19,571.37 D None of These
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What was the Rate of Stock balance of Nido Milk Powder 500gm 1x4x2x6 as on
Q41 27/5/2013
A 304.11 B 304.09 C 304.10 D None of These

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

Q42
A 47,129.00 B 47,127.00 C 47,125.00 D None of These

What is the Quick Ratio as on 18/4/2013

Q43
A 1.89 B 1.85 C 1.87 D None of These
What is the total Cash sale (Net) of Stationery Items during the period 10/4/2013 to
Q44 6/5/2013
A 29,872.00 B 29,876.00 C 29,874.00 D None of These
What is the total Credit sale (Net) of Electronic Items during the period 4/4/2013 to
Q45 6/5/2013
A 41,71,531.00 B 41,71,532.00 C 41,71,529.00 D None of These
What is the highest Rate at which Happy Tomato Sauce 250gm 1x8x4x2 purchased
Q46 during the period 2/4/2013 to 18/5/2013
A 89.00 B 88.98 C 88.97 D None of These
What is the total amount of cash withdrawn from Al Islami Bank A/cin the month
Q47 ofMay
A 9,924.00 B 72,032.00 C 79,312.00 D None of These
What is the total payment received from Debtors during the period 3/4/2013 to
Q48 20/5/2013
A 39,61,780.00 B 39,61,779.00 C 39,61,782.00 D None of These

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

Q49
A 10,79,106.00 B 10,79,110.00 C 10,79,109.00 D None of These
What is the Quantity of Punching Machine (Kores) 1x4x12 returned to suppliers during
Q50 the period 10/4/2013 to 30/5/2013
A 10.00 B 50.00 C 30.00 D None of These
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What is the total amount paid to suppliers through Bank of London A/c (Churchil Way
Q51 Branch) in April
A 81,85,403.62 B 81,85,403.58 C 81,85,403.60 D None of These

What was the Quantity of Stock of Punching Machine (Kores) 1x4x12 as on 14/4/2013
Q52
A 11,323.00 B 11,327.00 C 11,326.00 D None of These

What was the balance in Bank of London A/c (Lombard Street Branch) as on 28/5/2013
Q53
A 206,63,745.97 B 206,63,745.94 C 206,63,745.98 D None of These

What is the total amount of cheque paid to Penmart Stationery Mall in May
Q54
A 2,068.38 B 2,068.39 C 2,068.40 D None of These
What is the total value of fixed assets purchased during the period 14/4/2013 to
Q55 28/5/2013
A 76,78,600.00 B 76,78,900.00 C 76,78,800.00 D None of These

What is the total amount receivable from Debtors as on 15/5/2013

Q56
A 19,72,114.00 B 19,72,116.00 C 19,72,115.00 D None of These

What is the total amount payable to Creditors other than suppliers as upto 9/5/2013
Q57
A 214,30,487.00 B 214,30,490.00 C 214,30,489.00 D None of These
What is the total quantity (Net) of Television (Onida) 21" 1x1 Sold during the period
Q58 18/4/2013 to 25/5/2013
A 131.00 B 130.00 C 127.00 D None of These
What is the total amount of cash withdrawn from banks during the period 4/4/2013 to
Q59 19/5/2013
A 55,90,000.00 B 55,80,000.00 C 55,50,000.00 D None of These

What is the total payment made to Creditors during the period 5/4/2013 to 24/5/2013
Q60
A 706,17,029.67 B 706,17,029.68 C 706,17,029.66 D None of These
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What was the Stock value of Nido Milk Powder 500gm 1x4x2x6 as on 31/5/2013
Q61
A 15,11,725.20 B 15,11,725.18 C 15,11,725.17 D None of These

What is the Gross Profit Ratio as on 24/5/2013

Q62
A 0.06 B 0.04 C 0.05 D None of These
What is the total payment made to Penmart Stationery Mall during the period
Q63 10/4/2013 to 23/5/2013
A 29,476.00 B 29,475.00 C 29,472.00 D None of These
What is the highest Quantity of Refrigerator (Kelvinator) 1x1 sold during the period
Q64 6/4/2013 to 26/5/2013
A 39.00 B 43.00 C 42.00 D None of These

What is balance payable to Pentas Computer World A/cas on 25/5/2013

Q65
A 44,747.00 B 0.00 C 41,127.00 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 3,05,909.00 C 3,05,905.00 D None of These
What is the total collection from customers through Bank of London A/c (Churchil
Q67 Way Branch) as on 8/5/2013
A 8,69,617.00 B 8,69,616.00 C 8,69,619.00 D None of These
What is the highest Quantity of Happy Tomato Sauce 250gm 1x8x4x2 purchased
Q68 during the period 13/4/2013 to 24/5/2013
A 387.00 B 388.00 C 384.00 D None of These
What is the lowest Rate at which Nido Milk Powder 500gm 1x4x2x6 purchased during
Q69 the period 14/4/2013 to 26/5/2013
A 309.00 B 306.00 C 307.00 D None of These

What was the Average Bank balance held during the period 1/4/2013 to 24/5/2013
Q70
A 1218,63,543.67 B 1218,63,543.69 C 1218,63,543.65 D None of These
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What is the lowest Quantity of Television (Onida) 21" 1x1 purchased during the period
Q71 11/4/2013 to 16/5/2013
A 14.00 B 17.00 C 16.00 D None of These

What is the total Cheques collected from Pinchin Johnson & Playfter Ltd in April
Q72
A 2,79,617.00 B 2,79,615.00 C 2,79,618.00 D None of These
What is the Average Daily Expense of the company during the period 22/4/2013 to
Q73 24/5/2013
A 18,586.21 B 18,586.23 C 18,586.20 D None of These
What is the Amount (Gross) of Television (Philips)32" 1x1 purchased during the period
Q74 16/4/2013 to 20/5/2013
A 51,84,446.63 B 51,84,446.65 C 51,84,446.61 D None of These
What is the total Credit Purchase (Net) of Stationery Items during the period 6/4/2013
Q75 to 24/5/2013
A 2,24,486.48 B 2,24,486.51 C 2,24,486.52 D None of These

What is the total Cash payment made to Penmark Stationery Mall

Q76
A 80,000.00 B 77,000.00 C 79,000.00 D None of These

What is the value of Total Stock as on 16/4/2013

Q77
A 592,74,375.14 B 592,74,375.16 C 592,74,375.13 D None of These

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

Q78
A 170,00,000.00 B 190,00,000.00 C 200,00,000.00 D None of These
What is the total amount of cash deposited in banks during the period 8/4/2013 to
Q79 26/5/2013
A 6,50,000.00 B 6,80,000.00 C 6,90,000.00 D None of These
What is the Average Amount of Stock of Happy Tomato Sauce 250gm 1x8x4x2 held
Q80 during the period 6/4/2013 to 17/5/2013
A 4,40,249.77 B 4,40,249.75 C 4,40,249.79 D None of These
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What is the total payment received from Traford Super Market during the period
Q81 7/4/2013 to 29/5/2013
A 3,37,839.00 B 3,37,836.00 C 3,37,840.00 D None of These

What is the total expense incurred during the period 1/4/2013 to 13/5/2013
Q82
A 6,83,690.00 B 6,83,688.00 C 6,83,689.00 D None of These

What is the total Expense Paid by cash during the period 14/4/2013 to 8/5/2013
Q83
A 2,95,528.00 B 2,95,529.00 C 2,95,526.00 D None of These

What is the Profit or Loss as on 23/5/2013

Q84
A -2,16,890.25 B -2,16,890.22 C -2,16,890.24 D None of These

What was the Cash Balance as on 16/4/2013

Q85
A 15,92,748.00 B 15,92,747.00 C 15,92,745.00 D None of These

What is the Profit or Loss as on 17/4/2013

Q86
A 1,02,921.15 B 1,02,921.14 C 1,02,921.16 D None of These

What is the total Net Credit Purchase (Less Returns) as on 24/5/2013

Q87
A 684,92,265.00 B 684,92,265.01 C 684,92,264.99 D None of These

What is the total amount collected from customers through Bank Accounts in May
Q88
A 27,15,544.00 B 27,15,541.00 C 27,15,543.00 D None of These

What is the total Gross Purchase of Electronic Items as on 23/4/2013

Q89
A 603,98,708.29 B 603,98,708.30 C 603,98,708.26 D None of These
What is the lowest Quantity of Happy Tomato Sauce 250gm 1x8x4x2 sold during the
Q90 period 8/4/2013 to 23/5/2013
A 88.00 B 90.00 C 87.00 D None of These
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What is the total Sale (Less Returns) as on 2/5/2013

Q91
A 44,64,900.00 B 44,64,890.00 C 44,64,870.00 D None of These
What is the total amount collected from customers through Bank of London A/c
Q92 (Lombard Street Branch) in April
A 7,82,592.00 B 7,82,595.00 C 7,82,596.00 D None of These
What is the lowest Rate at which Gum (Fevicol) 1x10x12 sold during the period
Q93 10/4/2013 to 26/5/2013
A 8.00 B 7.00 C 6.00 D None of These
What Amount of Cash was utilised for payment of Expenses during the period 2/4/2013
Q94 to 14/5/2013
A 2,97,408.00 B 2,97,405.00 C 2,97,407.00 D None of These
What is the Average Quantity of Stock of Television (Onida) 21" 1x1 held during the
Q95 period 20/4/2013 to 10/5/2013
A 1,340.00 B 1,336.00 C 1,339.00 D None of These

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

Q96
A 377,14,841.42 B 377,14,841.44 C 377,14,841.46 D None of These
How much Cash is received (Gross) from Customers during the period 9/4/2013 to
Q97 27/5/2013
A 8,99,000.00 B 8,96,000.00 C 9,00,000.00 D None of These
What is the total Cash Out Flow (Including Cash Deposit in Bank) during the period
Q98 3/4/2013 to 7/5/2013
A 15,13,912.00 B 15,13,915.00 C 15,13,916.00 D None of These

What is the total gross amount of Cash received from Lamson Grocery Shop in May
Q99
A 9,00,000.00 B 5,00,000.00 C 8,00,000.00 D None of These

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

Q100
A 1388,82,000.00 B 1388,85,000.00 C 1388,86,000.00 D None of These