International Institute of Certified Accountants

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What is the total expense incurred as upto 30/4/2013

Q1
A 6,01,680.00 B 6,01,678.00 C 6,01,682.00 D None of These
What is the total quantity (Net) of Lipton Brue Coffee 250gm 1x2x8 Purchased during
Q2 the period 18/4/2013 to 31/5/2013
A 1,755.00 B 1,751.00 C 1,754.00 D None of These
What is the Average Daily Expense of the company during the period 22/4/2013 to
Q3 30/5/2013
A 15,733.52 B 15,733.54 C 15,733.56 D None of These

What is balance payable to Tower Height Builders Pvt Ltd A/cas on 8/5/2013
Q4
A 170,00,000.00 B 140,00,000.00 C 150,00,000.00 D None of These

What was the Stock value of Television (Philips)32" 1x1 as on 23/4/2013

Q5
A 375,05,267.15 B 375,05,267.18 C 375,05,267.16 D None of These

What is the total amount Paid to Suppliers through Bank Accounts in May
Q6
A 264,69,415.48 B 264,69,415.50 C 264,69,415.47 D None of These

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

Q7
A 58,15,016.00 B 58,15,014.00 C 58,15,012.00 D None of These

What is the total collection from customers through Bank accounts as on 5/5/2013
Q8
A 22,95,983.00 B 22,95,987.00 C 22,95,986.00 D None of These
What is the total payment made to Lincroft Electronics Ltd during the period 2/4/2013
Q9 to 19/5/2013
A 365,00,000.00 B 367,00,000.00 C 366,00,000.00 D None of These

What was the Average Cash balance held during the period 2/4/2013 to 27/5/2013
Q10
A 22,34,225.95 B 22,34,225.92 C 22,34,225.93 D None of These
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What is the Total Net Sale of Food Items during the period 7/4/2013 to 14/5/2013
Q11
A 6,24,737.00 B 6,24,733.00 C 6,24,736.00 D None of These

What is the Quick Ratio as on 23/5/2013

Q12
A 2.51 B 2.53 C 2.55 D None of These

What is the Profit or Loss as on 17/5/2013

Q13
A -3,42,910.27 B -3,42,910.26 C -3,42,910.24 D None of These

What is balance receivable from Traford Super Marketas on 8/5/2013

Q14
A 1,74,966.00 B 1,74,962.00 C 1,74,965.00 D None of These
What is the total payment received from Debtors during the period 18/4/2013 to
Q15 24/5/2013
A 37,65,143.00 B 37,65,142.00 C 37,65,141.00 D None of These
What is the total value of fixed assets purchased during the period 14/4/2013 to
Q16 26/5/2013
A 76,59,000.00 B 76,58,900.00 C 76,58,600.00 D None of These

How much Cash is paid to Suppliers during the Period 19/4/2013 to 13/5/2013
Q17
A 2,69,000.00 B 2,71,000.00 C 2,67,000.00 D None of These
What is the amount paid to suppliers through Bank of London A/c (Churchil Way
Q18 Branch) during the period 1/4/2013 to 31/5/2013
A 163,74,457.00 B 163,74,458.00 C 163,74,455.00 D None of These
What is the total Cash Out Flow (Including Cash Deposit in Bank) during the period
Q19 20/4/2013 to 19/5/2013
A 51,35,860.00 B 51,35,840.00 C 51,35,880.00 D None of These
What is the lowest Quantity of Stapler Pin (Camel) 1x8x6 sold during the period
Q20 2/4/2013 to 29/5/2013
A 136.00 B 140.00 C 138.00 D None of These
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What is the total amount of sales return of Stationery Items during the period 19/4/2013
Q21 to 16/5/2013
A 252.00 B 249.00 C 253.00 D None of These

What is the total Expense Paid by cash during the period 14/4/2013 to 8/5/2013
Q22
A 2,95,530.00 B 2,95,527.00 C 2,95,529.00 D None of These

What is the total Gross sale of Stationery Items as on 26/5/2013

Q23
A 1,51,145.00 B 1,51,148.00 C 1,51,149.00 D None of These
What is the highest Rate at which Happy Tomato Sauce 250gm 1x8x4x2 purchased
Q24 during the period 4/4/2013 to 31/5/2013
A 88.99 B 89.01 C 88.97 D None of These
What is the total Cash Purchase (Net) of Food Items during the period 8/4/2013 to
Q25 27/5/2013
A 2,62,773.00 B 2,62,771.00 C 2,62,769.00 D None of These
What is the Quantity of Refrigerator (Kelvinator) 1x1 returned to suppliers during the
Q26 period 4/4/2013 to 14/5/2013
A 10.00 B 30.00 C 40.00 D None of These
What is the total Credit sale (Net) of Stationery Items during the period 3/4/2013 to
Q27 3/5/2013
A 49,105.00 B 49,103.00 C 49,101.00 D None of These

What is the value of Total Stock as on 29/4/2013

Q28
A 597,76,049.31 B 597,76,049.28 C 597,76,049.29 D None of These
What is the Minimum Amount of Stock of Nido Milk Powder 500gm 1x4x2x6 held in
Q29 the month of May
A 14,66,452.35 B 14,66,452.33 C 14,66,452.37 D None of These
What is the Average Quantity of Stock of Gum (Fevicol) 1x10x12 held during the
Q30 period 16/4/2013 to 10/5/2013
A 13,855.00 B 13,852.00 C 13,854.00 D None of These
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What is the total net sales (Less Returns) of Stationery Items during the period 1/4/2013
Q31 to 1/5/2013
A 78,989.00 B 78,987.00 C 78,988.00 D None of These
What is the total amount of Purchase return of Food Items during the period 18/4/2013
Q32 to 6/5/2013
A 2,609.01 B 2,608.99 C 2,609.03 D None of These

What is the total amount payable to Suppliers as on 10/5/2013

Q33
A 351,39,515.29 B 351,39,515.27 C 351,39,515.25 D None of These

What is the total expense of Repairs & Maintenance as on 15/5/2013

Q34
A 810.00 B 790.00 C 780.00 D None of These

What is the total value of Land as on 23/5/2013

Q35
A 140,00,000.00 B 120,00,000.00 C 150,00,000.00 D None of These

What is the total amount of cheque paid to Penmark Stationery Mall in April
Q36
A 2,54,000.00 B 2,56,000.00 C 2,55,000.00 D None of These
What is the collection from customers through City Bank (Lombard Street Branch) A/c
Q37 during the period 10/4/2013 to 5/5/2013
A 6,43,780.00 B 6,43,776.00 C 6,43,779.00 D None of These

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

Q38
A 10,71,893.00 B 10,71,896.00 C 10,71,897.00 D None of These

What is the total payment made to Creditors during the period 19/4/2013 to 17/5/2013
Q39
A 359,08,047.52 B 359,08,047.51 C 359,08,047.50 D None of These
What number of ERRORS are found in JOURNAL ENTRIES posted from
Q40 TRANSACTIONS
A 6.00 B 5.00 C 2.00 D None of These
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what was the highest amount of cash balance held during the period 19/4/2013 to
Q41 9/5/2013
A 23,15,154.00 B 23,15,152.00 C 23,15,155.00 D None of These

What is the total amount paid to Suppliers through Bank accounts as on 9/5/2013
Q42
A 315,11,696.38 B 315,11,696.42 C 315,11,696.40 D None of These

What was the Average Bank balance held during the period 14/4/2013 to 17/5/2013
Q43
A 1200,41,868.20 B 1200,41,868.21 C 1200,41,868.23 D None of These
What is the lowest Quantity of Stapler Pin (Camel) 1x8x6 purchased during the period
Q44 9/4/2013 to 16/5/2013
A 531.00 B 528.00 C 530.00 D None of These
What is the Total Net Sale of Television (Philips)32" 1x1 during the period 14/4/2013 to
Q45 22/5/2013
A 26,81,390.00 B 26,81,400.00 C 26,81,410.00 D None of These
What is the total Cash inflow (Including Cash Withdrawal) during the period 11/4/2013
Q46 to 12/5/2013
A 25,76,444.00 B 25,76,443.00 C 25,76,446.00 D None of These

What was the balance in Bank of London A/c (Lombard Street Branch) as on 1/5/2013
Q47
A 405,10,824.30 B 405,10,824.34 C 405,10,824.32 D None of These
What Amount of Cash was utilised for payment of Expenses during the period 1/4/2013
Q48 to 20/5/2013
A 3,01,486.00 B 3,01,484.00 C 3,01,487.00 D None of These
What is the Gross COST OF SALE of Happy Tomato Sauce 250gm 1x8x4x2sold during
Q49 the period 10/4/2013 to 21/5/2013
A 1,24,923.21 B 1,24,923.24 C 1,24,923.22 D None of These
What is the total payment received from Brinxton Hyper Mall during the period
Q50 6/4/2013 to 15/5/2013
A 3,43,776.00 B 3,43,780.00 C 3,43,778.00 D None of These
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What is the total Cash sale (Net) of Food Items during the period 1/4/2013 to 18/5/2013
Q51
A 2,36,895.00 B 2,36,896.00 C 2,36,893.00 D None of These
What is the Amount (Gross) of Television (Onida) 21" 1x1 purchased during the period
Q52 12/4/2013 to 25/5/2013
A 26,20,906.24 B 26,20,906.28 C 26,20,906.26 D None of These
What is the Average Amount of Stock of Punching Machine (Kores) 1x4x12 held
Q53 during the period 17/4/2013 to 16/5/2013
A 3,25,510.69 B 3,25,510.67 C 3,25,510.68 D None of These

What was the Cash Balance as on 6/5/2013

Q54
A 18,92,953.00 B 18,92,957.00 C 18,92,956.00 D None of These
What is the total amount of cash deposited in banks during the period 17/4/2013 to
Q55 31/5/2013
A 10,00,000.00 B 11,00,000.00 C 7,00,000.00 D None of These
What is the total amount paid to Suppliers through Bank of London A/c (Churchil Way
Q56 Branch) as on 23/5/2013
A 123,74,454.00 B 123,74,457.00 C 123,74,456.00 D None of These

What is balance payable to Yorkshare Food Products Ltd as on 21/5/2013

Q57
A 1,88,228.66 B 1,88,228.68 C 1,88,228.64 D None of These
What is the Maximum Amount of Stock of Nido Milk Powder 500gm 1x4x2x6 held in
Q58 the month of April
A 15,87,719.59 B 15,87,719.56 C 15,87,719.55 D None of These
What is the Quantity of Television (Onida) 21" 1x1 returned by customers during the
Q59 period 7/4/2013 to 14/5/2013
A 50.00 B 40.00 C 10.00 D None of These
What is the total gross amount of Cash received from Pinchin Johnson & Playfter Ltd in
Q60 May
A 50,000.00 B 20,000.00 C 60,000.00 D None of These
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What is the total Purchase (Less Returns) as on 23/5/2013

Q61
A 727,08,892.49 B 727,08,892.51 C 727,08,892.53 D None of These
What is the total net Purchases (Less Returns) of Electronic Items during the period
Q62 5/4/2013 to 7/5/2013
A 80,38,123.07 B 80,38,123.11 C 80,38,123.10 D None of These
What is the highest Rate at which Punching Machine (Kores) 1x4x12 sold during the
Q63 period 15/4/2013 to 31/5/2013
A 34.00 B 38.00 C 36.00 D None of These

What was the Quantity of Stock of Television (Onida) 21" 1x1 as on 13/4/2013
Q64
A 1,265.00 B 1,262.00 C 1,264.00 D None of These

what is the minimum cash balance held during the period 17/4/2013 to 26/5/2013
Q65
A 15,45,414.00 B 15,45,412.00 C 15,45,415.00 D None of These

What is the total Sale (Less Returns) as on 21/5/2013

Q66
A 80,33,330.00 B 80,33,360.00 C 80,33,350.00 D None of These
What is the Minimum Quantity of Stock of Punching Machine (Kores) 1x4x12 held in
Q67 the month of May
A 14,308.00 B 14,306.00 C 14,310.00 D None of These

What is the total amount payable to Creditors other than suppliers as upto 5/5/2013
Q68
A 293,72,490.00 B 293,72,487.00 C 293,72,491.00 D None of These
What is the lowest Rate at which Stapler Pin (Camel) 1x8x6 purchased during the
Q69 period 13/4/2013 to 27/5/2013
A 5.27 B 5.30 C 5.26 D None of These
What is the lowest Rate at which Television (Philips)32" 1x1 sold during the period
Q70 19/4/2013 to 27/5/2013
A 29,385.00 B 29,387.00 C 29,388.00 D None of These
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What is the total expense incurred during the period 20/4/2013 to 25/5/2013
Q71
A 6,46,449.00 B 6,46,448.00 C 6,46,446.00 D None of These
What is the total quantity (Net) of Gum (Fevicol) 1x10x12 Sold during the period
Q72 12/4/2013 to 16/5/2013
A 922.00 B 925.00 C 926.00 D None of These

What is the Profit or Loss as on 1/4/2013

Q73
A -19,221.00 B -19,220.00 C -19,223.00 D None of These

What is the total Cheques collected from Pinchin Johnson & Playfter Ltd in April
Q74
A 2,79,617.00 B 2,79,615.00 C 2,79,618.00 D None of These

What is the total Net Cash Sale (Less Returns) as on 17/5/2013

Q75
A 8,44,860.00 B 8,44,859.00 C 8,44,861.00 D None of These
What was the Rate of Stock balance of Nido Milk Powder 500gm 1x4x2x6 as on
Q76 17/4/2013
A 303.64 B 303.66 C 303.62 D None of These

What is the Debt Ratio as on 10/5/2013

Q77
A 0.43 B 0.45 C 0.41 D None of These

What is the total Rent expense in the month of May

Q78
A 20,000.00 B 60,000.00 C 40,000.00 D None of These

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

Q79
A 675,38,362.55 B 675,38,362.57 C 675,38,362.54 D None of These

What is the Maximum Quantity of Stock of Television (Philips)32" 1x1 in business

Q80
A 1,452.00 B 1,453.00 C 1,451.00 D None of These
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What is the collection from customers through Bank Accounts during the period
Q81 1/4/2013 to 14/5/2013
A 25,95,987.00 B 25,95,985.00 C 25,95,983.00 D None of These
What is the total Credit Purchase (Net) of Stationery Items during the period 10/4/2013
Q82 to 26/5/2013
A 2,24,486.52 B 2,24,486.51 C 2,24,486.48 D None of These

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

Q83
A 670,87,328.42 B 670,87,328.43 C 670,87,328.44 D None of These

What is the Total Amount of cash paid to customers by way of Sales Return
Q84
A 87,786.00 B 87,783.00 C 87,787.00 D None of These
What is the highest Quantity of Stapler Pin (Camel) 1x8x6 purchased during the period
Q85 19/4/2013 to 30/5/2013
A 2,500.00 B 2,499.00 C 2,496.00 D None of These

What is the total amount collected from customers through Bank Accounts in May
Q86
A 27,15,541.00 B 27,15,543.00 C 27,15,545.00 D None of These
What is the amount paid to Suppliers through Bank Accounts during the period
Q87 17/4/2013 to 30/4/2013
A 152,59,696.42 B 152,59,696.40 C 152,59,696.38 D None of These
What is the total collection from customers through Bank of London A/c (Lombard
Q88 Street Branch) as on 3/5/2013
A 7,82,594.00 B 7,82,592.00 C 7,82,595.00 D None of These

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

Q89
A 3,06,980.00 B 3,06,960.00 C 3,07,000.00 D None of These

What was the Total Bank balance as on 2/4/2013

Q90
A 1499,00,000.00 B 1495,00,000.00 C 1498,00,000.00 D None of These
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What is the total amount of cash withdrawn from City Bank (Lombard Street Branch)
Q91 A/cin the month ofApril
A 3,00,000.00 B 6,00,000.00 C 5,00,000.00 D None of These

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

Q92
A 1,33,887.24 B 1,33,887.23 C 1,33,887.20 D None of These
What is the total amount collected from customers through City Bank (Lombard Street
Q93 Branch) A/c in April
A 6,43,778.00 B 6,43,779.00 C 6,43,776.00 D None of These
What is the total amount of cash withdrawn from banks during the period 12/4/2013 to
Q94 9/5/2013
A 7,90,000.00 B 7,50,000.00 C 7,80,000.00 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 1,00,000.00 B 4,00,000.00 C 5,00,000.00 D None of These

What is the total Cash payment made to Penmark Stationery Mall

Q96
A 81,000.00 B 77,000.00 C 79,000.00 D None of These
What is the total amount paid to suppliers through Bank of London A/c (Churchil Way
Q97 Branch) in April
A 81,85,403.62 B 81,85,403.59 C 81,85,403.60 D None of These

What is the total Gross Purchase of Electronic Items as on 31/5/2013

Q98
A 685,02,267.82 B 685,02,267.84 C 685,02,267.83 D None of These
How much Cash is received (Gross) from Customers during the period 6/4/2013 to
Q99 31/5/2013
A 9,06,000.00 B 9,09,000.00 C 9,08,000.00 D None of These
What is the highest Quantity of Stapler Pin (Camel) 1x8x6 sold during the period
Q100 16/4/2013 to 16/5/2013
A 787.00 B 788.00 C 784.00 D None of These