International Institute of Certified Accountants

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What was the Average Cash balance held during the period 20/4/2013 to 5/5/2013
Q1
A 21,18,588.65 B 21,18,588.63 C 21,18,588.61 D None of These

What was the balance in Bank of London A/c (Lombard Street Branch) as on 16/5/2013
Q2
A 264,10,824.33 B 264,10,824.30 C 264,10,824.34 D None of These
What is the highest Rate at which Television (Philips)32" 1x1 purchased during the
Q3 period 5/4/2013 to 16/5/2013
A 28,929.11 B 28,929.13 C 28,929.10 D None of These
What is the Minimum Amount of Stock of Punching Machine (Kores) 1x4x12 held in
Q4 the month of May
A 3,35,431.11 B 3,35,431.09 C 3,35,431.08 D None of These

What is the total Cash payment made to Lincroft Electronics Ltd

Q5
A 7,00,000.00 B 8,00,000.00 C 6,00,000.00 D None of These
What is the total amount of cash deposited in banks during the period 20/4/2013 to
Q6 14/5/2013
A 2,00,000.00 B 6,00,000.00 C 5,00,000.00 D None of These
What is the total Cash Out Flow (Including Cash Deposit in Bank) during the period
Q7 6/4/2013 to 12/5/2013
A 15,54,476.00 B 15,54,480.00 C 15,54,478.00 D None of These
What is the total payment received from Adiison Lee Fancy Shop during the period
Q8 7/4/2013 to 24/5/2013
A 4,59,339.00 B 4,59,340.00 C 4,59,336.00 D None of These

What is the total expense incurred as upto 28/4/2013

Q9
A 81,419.00 B 81,420.00 C 81,418.00 D None of These
What is the Quantity of Stapler Pin (Camel) 1x8x6 returned to suppliers during the
Q10 period 11/4/2013 to 14/5/2013
A 15.00 B 16.00 C 12.00 D None of These
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What is the total amount of cash withdrawn from banks during the period 16/4/2013 to
Q11 7/5/2013
A 4,00,000.00 B 1,00,000.00 C 3,00,000.00 D None of These
What is the Maximum Quantity of Stock of Lipton Brue Coffee 250gm 1x2x8 held in
Q12 the month of May
A 5,566.00 B 5,564.00 C 5,567.00 D None of These

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

Q13
A 61,09,052.00 B 61,09,051.00 C 61,09,048.00 D None of These
What is the Total Net Sale of Refrigerator (Kelvinator) 1x1 during the period 12/4/2013
Q14 to 30/5/2013
A 8,31,671.00 B 8,31,675.00 C 8,31,674.00 D None of These
What is the lowest Rate at which Stapler Pin (Camel) 1x8x6 sold during the period
Q15 4/4/2013 to 17/5/2013
A 10.00 B 8.00 C 11.00 D None of These

What is the Profit or Loss as on 23/4/2013

Q16
A 1,33,887.24 B 1,33,887.22 C 1,33,887.20 D None of These
What is the lowest Quantity of Television (Philips)32" 1x1 sold during the period
Q17 16/4/2013 to 28/5/2013
A 9.00 B 10.00 C 6.00 D None of These
What is the amount paid to suppliers through City Bank (Lombard Street Branch) A/c
Q18 during the period 9/4/2013 to 8/5/2013
A 81,74,525.12 B 81,74,525.11 C 81,74,525.14 D None of These

What is the Quick Ratio as on 8/5/2013

Q19
A 1.89 B 1.88 C 1.91 D None of These

What is the Profit or Loss as on 14/4/2013

Q20
A 1,05,733.15 B 1,05,733.16 C 1,05,733.18 D None of These
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What is the total Expense Paid by cash during the period 6/4/2013 to 16/5/2013
Q21
A 2,97,240.00 B 2,97,238.00 C 2,97,241.00 D None of These
What is the Average Daily Expense of the company during the period 5/4/2013 to
Q22 18/5/2013
A 15,179.41 B 15,179.40 C 15,179.39 D None of These

What is balance payable to Sanford Electrics Ltd as on 31/5/2013

Q23
A 3,50,742.83 B 3,50,742.81 C 3,50,742.82 D None of These

What was the Stock value of Television (Onida) 21" 1x1 as on 16/4/2013
Q24
A 107,64,799.12 B 107,64,799.13 C 107,64,799.15 D None of These

What is the total Cheques collected from Lamson Grocery Shop in April
Q25
A 40,00,000.00 B 30,00,000.00 C 10,00,000.00 D None of These
What is the collection from customers through City Bank (Lombard Street Branch) A/c
Q26 during the period 7/4/2013 to 7/5/2013
A 7,43,777.00 B 7,43,779.00 C 7,43,780.00 D None of These

What is the total amount paid to Suppliers through Bank accounts as on 27/4/2013
Q27
A 195,11,696.42 B 195,11,696.40 C 195,11,696.39 D None of These
What is the total value of fixed assets purchased during the period 16/4/2013 to
Q28 19/5/2013
A 76,52,800.00 B 76,52,600.00 C 76,52,900.00 D None of These
What is the total payment made to Penmart Stationery Mall during the period 1/4/2013
Q29 to 20/5/2013
A 27,403.62 B 27,403.60 C 27,403.58 D None of These

What is the total gross amount of Cash received from Lamson Grocery Shop in April
Q30
A 7,00,000.00 B 6,00,000.00 C 3,00,000.00 D None of These
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What is the Gross COST OF SALE of Punching Machine (Kores) 1x4x12sold during
Q31 the period 11/4/2013 to 28/5/2013
A 72,495.50 B 72,495.52 C 72,495.48 D None of These
What is the highest Quantity of Nido Milk Powder 500gm 1x4x2x6 sold during the
Q32 period 2/4/2013 to 22/5/2013
A 700.00 B 800.00 C 400.00 D None of These

what is the minimum cash balance held during the period 14/4/2013 to 17/5/2013
Q33
A 15,45,416.00 B 15,45,415.00 C 15,45,413.00 D None of These
What is the total net sales (Less Returns) of Stationery Items during the period
Q34 16/4/2013 to 22/5/2013
A 91,024.00 B 91,027.00 C 91,028.00 D None of These

What is the total amount payable to Creditors other than suppliers as upto 17/5/2013
Q35
A 194,10,000.00 B 194,50,000.00 C 194,30,000.00 D None of These

What is the Total Amount of cash paid to customers by way of Sales Return
Q36
A 87,784.00 B 87,787.00 C 87,786.00 D None of These

What is the total Cash sale (Net) of Food Items during the period 1/4/2013 to 24/5/2013
Q37
A 2,36,895.00 B 2,36,897.00 C 2,36,893.00 D None of These

What is the total Purchase (Less Returns) as on 15/5/2013

Q38
A 715,18,141.47 B 715,18,141.48 C 715,18,141.49 D None of These
What is the Maximum Amount of Stock of Punching Machine (Kores) 1x4x12 held in
Q39 the month of April
A 3,27,761.46 B 3,27,761.42 C 3,27,761.44 D None of These
What is the total amount collected from customers through City Bank (Lombard Street
Q40 Branch) A/c in April
A 6,43,776.00 B 6,43,778.00 C 6,43,780.00 D None of These
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what was the highest amount of cash balance held during the period 15/4/2013 to
Q41 7/5/2013
A 24,37,608.00 B 24,37,607.00 C 24,37,604.00 D None of These
What is the total net Purchases (Less Returns) of Electronic Items during the period
Q42 16/4/2013 to 30/4/2013
A 15,00,930.06 B 15,00,930.05 C 15,00,930.08 D None of These

What is the value of Total Stock as on 13/4/2013

Q43
A 577,24,689.84 B 577,24,689.87 C 577,24,689.88 D None of These

What is the total amount of cheque paid to Penmart Stationery Mall in April
Q44
A 17,403.58 B 17,403.62 C 17,403.59 D None of These

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

Q45
A -3,42,294.87 B -3,42,294.83 C -3,42,294.85 D None of These

What is the total expense incurred during the period 17/4/2013 to 15/5/2013
Q46
A 6,38,677.00 B 6,38,674.00 C 6,38,676.00 D None of These
What is the highest Rate at which Happy Tomato Sauce 250gm 1x8x4x2 sold during the
Q47 period 8/4/2013 to 20/5/2013
A 107.00 B 108.00 C 109.00 D None of These

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

Q48
A 21,85,068.00 B 21,85,067.00 C 21,85,065.00 D None of These
What is the collection from customers through Bank Accounts during the period
Q49 20/4/2013 to 30/5/2013
A 31,79,143.00 B 31,79,139.00 C 31,79,142.00 D None of These

What is the Gross Profit Ratio as on 13/5/2013

Q50
A 0.05 B 0.08 C 0.04 D None of These
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What is the total Credit sale (Net) of Food Items during the period 11/4/2013 to
Q51 25/5/2013
A 7,39,054.00 B 7,39,058.00 C 7,39,057.00 D None of These
What is the lowest Rate at which Stapler Pin (Camel) 1x8x6 purchased during the
Q52 period 17/4/2013 to 26/5/2013
A 5.28 B 5.30 C 5.27 D None of These
What is the highest Quantity of Happy Tomato Sauce 250gm 1x8x4x2 purchased
Q53 during the period 8/4/2013 to 16/5/2013
A 387.00 B 388.00 C 384.00 D None of These

What is the total Gross sale of Stationery Items as on 11/5/2013

Q54
A 84,708.00 B 84,705.00 C 84,706.00 D None of These

What is the total value of Furniture as on 17/5/2013

Q55
A 2,900.00 B 2,800.00 C 3,000.00 D None of These

What was the Cash Balance as on 8/5/2013

Q56
A 21,33,604.00 B 21,33,606.00 C 21,33,608.00 D None of These
What is the total Credit Purchase (Net) of Stationery Items during the period 2/4/2013
Q57 to 15/5/2013
A 4,67,074.64 B 4,67,074.66 C 4,67,074.65 D None of These

What is balance payable to Eicher Machineries Ltd A/cas on 10/5/2013

Q58
A 90,00,000.00 B 50,00,000.00 C 70,00,000.00 D None of These

What is the total collection from customers through Bank accounts as on 23/5/2013
Q59
A 34,45,150.00 B 34,45,110.00 C 34,45,140.00 D None of These

How much Cash is paid to Suppliers during the Period 19/4/2013 to 29/5/2013
Q60
A 3,87,000.00 B 3,89,000.00 C 3,90,000.00 D None of These
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What is balance receivable from Lamson Grocery Shopas on 21/4/2013

Q61
A 15,77,493.00 B 15,77,491.00 C 15,77,495.00 D None of These
What is the Amount (Gross) of Punching Machine (Kores) 1x4x12 purchased during
Q62 the period 16/4/2013 to 23/5/2013
A 2,05,192.31 B 2,05,192.34 C 2,05,192.32 D None of These
What is the Quantity of Television (Onida) 21" 1x1 returned by customers during the
Q63 period 12/4/2013 to 15/5/2013
A 10.00 B 50.00 C 40.00 D None of These
What is the total amount of sales return of Food Items during the period 18/4/2013 to
Q64 1/5/2013
A 3,232.00 B 3,236.00 C 3,234.00 D None of These

What is the total amount receivable from Debtors as on 29/5/2013

Q65
A 18,97,530.00 B 18,97,528.00 C 18,97,526.00 D None of These
What is the total amount paid to Suppliers through Bank of London A/c (Churchil Way
Q66 Branch) as on 9/5/2013
A 81,85,403.62 B 81,85,403.60 C 81,85,403.58 D None of These
What is the Average Amount of Stock of Refrigerator (Kelvinator) 1x1 held during the
Q67 period 23/4/2013 to 14/5/2013
A 85,09,361.50 B 85,09,361.48 C 85,09,361.46 D None of These

What is the Total Net Sale of Stationery Items during the period 12/4/2013 to 14/5/2013
Q68
A 80,575.00 B 80,573.00 C 80,571.00 D None of These
What is the total amount of Purchase return of Food Items during the period 14/4/2013
Q69 to 31/5/2013
A 4,169.08 B 4,169.06 C 4,169.10 D None of These
How much Cash is received (Gross) from Customers during the period 3/4/2013 to
Q70 5/5/2013
A 3,76,000.00 B 3,80,000.00 C 3,78,000.00 D None of These
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What is the total payment made to Creditors during the period 5/4/2013 to 18/5/2013
Q71
A 562,60,047.54 B 562,60,047.50 C 562,60,047.52 D None of These

What is the total Gross Purchase of Food Items as on 4/5/2013

Q72
A 36,47,992.34 B 36,47,992.32 C 36,47,992.31 D None of These
What is the lowest Quantity of Stapler Pin (Camel) 1x8x6 purchased during the period
Q73 13/4/2013 to 24/5/2013
A 532.00 B 528.00 C 531.00 D None of These

What is the total amount payable to Creditors as on 29/4/2013

Q74
A 622,95,731.28 B 622,95,731.32 C 622,95,731.30 D None of These

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

Q75
A 673,01,513.97 B 673,01,513.98 C 673,01,514.00 D None of These
What is the Minimum Quantity of Stock of Happy Tomato Sauce 250gm 1x8x4x2 in
Q76 business
A 4,903.00 B 4,904.00 C 4,901.00 D None of These

What was the Average Bank balance held during the period 8/4/2013 to 5/5/2013
Q77
A 1306,37,982.28 B 1306,37,982.30 C 1306,37,982.32 D None of These
What is the amount paid to Suppliers through Bank Accounts during the period
Q78 6/4/2013 to 8/5/2013
A 315,11,696.38 B 315,11,696.40 C 315,11,696.39 D None of These
What is the total amount paid to suppliers through Bank of London A/c (Lombard Street
Q79 Branch) in May
A 80,15,863.36 B 80,15,863.38 C 80,15,863.34 D None of These

What is the total Rent expense in the month of April

Q80
A 28,000.00 B 26,000.00 C 27,000.00 D None of These
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What was the Total Bank balance as on 7/5/2013

Q81
A 1194,23,492.62 B 1194,23,492.60 C 1194,23,492.58 D None of These
What is the total collection from customers through Bank of London A/c (Lombard
Q82 Street Branch) as on 26/5/2013
A 13,01,381.00 B 13,01,380.00 C 13,01,377.00 D None of These
What Amount of Cash was utilised for payment of Expenses during the period
Q83 11/4/2013 to 24/5/2013
A 3,01,038.00 B 3,01,039.00 C 3,01,036.00 D None of These
What is the total payment received from Debtors during the period 5/4/2013 to
Q84 16/5/2013
A 36,01,535.00 B 36,01,537.00 C 36,01,536.00 D None of These

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

Q85
A 47,76,699.00 B 47,76,701.00 C 47,76,702.00 D None of These
What is the total quantity (Net) of Lipton Brue Coffee 250gm 1x2x8 Purchased during
Q86 the period 28/4/2013 to 20/5/2013
A 1,422.00 B 1,423.00 C 1,419.00 D None of These
What is the total quantity (Net) of Gum (Fevicol) 1x10x12 Sold during the period
Q87 29/4/2013 to 16/5/2013
A 343.00 B 339.00 C 342.00 D None of These
What number of ERRORS are found in JOURNAL ENTRIES posted from
Q88 TRANSACTIONS
A 4.00 B 6.00 C 2.00 D None of These

What was the Rate of Stock balance of Refrigerator (Kelvinator) 1x1 as on 18/4/2013
Q89
A 6,440.59 B 6,440.61 C 6,440.60 D None of These

What is the total Net Cash Purchase (Less Returns) as on 18/5/2013

Q90
A 42,16,627.48 B 42,16,627.52 C 42,16,627.50 D None of These
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What is the total expense of Repairs & Maintenance as on 23/5/2013

Q91
A 1,070.00 B 1,090.00 C 1,110.00 D None of These
What is the Average Quantity of Stock of Television (Philips)32" 1x1 held during the
Q92 period 21/4/2013 to 12/5/2013
A 1,344.00 B 1,341.00 C 1,345.00 D None of These

What is the total amount payable to Suppliers as on 22/4/2013

Q93
A 481,63,426.02 B 481,63,426.04 C 481,63,426.01 D None of These
What is the total Cash inflow (Including Cash Withdrawal) during the period 4/4/2013
Q94 to 30/5/2013
A 89,70,063.73 B 89,70,063.75 C 89,70,063.77 D None of These
What is the total amount of cash deposited in City Bank (Lombard Street Branch) A/c in
Q95 the month of May
A 4,00,000.00 B 1,00,000.00 C 5,00,000.00 D None of These

What is the total amount collected from customers through Bank Accounts in May
Q96
A 27,15,543.00 B 27,15,541.00 C 27,15,545.00 D None of These

What was the Quantity of Stock of Television (Onida) 21" 1x1 as on 16/4/2013
Q97
A 1,315.00 B 1,313.00 C 1,311.00 D None of These
What is the total Cash Purchase (Net) of Stationery Items during the period 7/4/2013 to
Q98 13/5/2013
A 1,01,550.00 B 1,01,520.00 C 1,01,560.00 D None of These
What is the total amount of cash withdrawn from Bank of London A/c (Lombard Street
Q99 Branch) in the month ofApril
A 6,00,000.00 B 10,00,000.00 C 9,00,000.00 D None of These

What is the total amount Paid to Suppliers through Bank Accounts in April
Q100
A 235,11,696.41 B 235,11,696.39 C 235,11,696.38 D None of These