International Institute of Certified Accountants

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What is the total Sale (Less Returns) as on 12/5/2013

Q1
A 61,09,052.00 B 61,09,051.00 C 61,09,048.00 D None of These
What is the amount paid to suppliers through Bank of London A/c (Lombard Street
Q2 Branch) during the period 1/4/2013 to 29/5/2013
A 191,67,631.04 B 191,67,631.03 C 191,67,631.02 D None of These

What is the total collection from customers through Bank accounts as on 30/4/2013
Q3
A 20,95,986.00 B 20,95,987.00 C 20,95,983.00 D None of These
What is the total amount collected from customers through Bank of London A/c
Q4 (Churchil Way Branch) in April
A 6,69,615.00 B 6,69,619.00 C 6,69,618.00 D None of These
How much Cash is received (Gross) from Customers during the period 10/4/2013 to
Q5 16/5/2013
A 6,80,000.00 B 6,76,000.00 C 6,79,000.00 D None of These
What is the highest Quantity of Happy Tomato Sauce 250gm 1x8x4x2 sold during the
Q6 period 18/4/2013 to 31/5/2013
A 499.00 B 495.00 C 497.00 D None of These

What was the Quantity of Stock of Stapler Pin (Camel) 1x8x6 as on 18/4/2013
Q7
A 12,692.00 B 12,696.00 C 12,694.00 D None of These
What is the lowest Rate at which Happy Tomato Sauce 250gm 1x8x4x2 sold during the
Q8 period 16/4/2013 to 16/5/2013
A 500.00 B 100.00 C 300.00 D None of These
What is the total Credit sale (Net) of Stationery Items during the period 1/4/2013 to
Q9 30/5/2013
A 1,13,384.00 B 1,13,383.00 C 1,13,385.00 D None of These
What is the Total Net Sale of Happy Tomato Sauce 250gm 1x8x4x2 during the period
Q10 20/4/2013 to 16/5/2013
A 66,003.00 B 66,007.00 C 66,006.00 D None of These
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What is the Average Quantity of Stock of Television (Onida) 21" 1x1 held during the
Q11 period 1/4/2013 to 23/5/2013
A 1,291.00 B 1,294.00 C 1,295.00 D None of These

What was the balance in City Bank (Lombard Street Branch) A/c as on 17/4/2013
Q12
A 461,00,000.00 B 459,00,000.00 C 457,00,000.00 D None of These

What is the Minimum Amount of Stock of Television (Onida) 21" 1x1 in business
Q13
A 100,97,033.08 B 100,97,033.09 C 100,97,033.10 D None of These
What is the total net sales (Less Returns) of Food Items during the period 6/4/2013 to
Q14 8/5/2013
A 7,55,727.00 B 7,55,729.00 C 7,55,731.00 D None of These
What is the Maximum Quantity of Stock of Television (Philips)32" 1x1 held in the
Q15 month of May
A 1,451.00 B 1,449.00 C 1,453.00 D None of These

How much Cash is paid to Suppliers during the Period 18/4/2013 to 13/5/2013
Q16
A 2,69,000.00 B 2,70,000.00 C 2,67,000.00 D None of These
What is the total amount of cash withdrawn from Bank of London A/c (Churchil Way
Q17 Branch) in the month ofMay
A 3,00,000.00 B 4,00,000.00 C 1,00,000.00 D None of These

What is balance payable to Pentas Computer World A/cas on 17/5/2013

Q18
A 58,040.00 B 3,228.00 C 0.00 D None of These

What is the total Expense Paid by cash during the period 8/4/2013 to 5/5/2013
Q19
A 2,95,532.00 B 2,95,530.00 C 2,95,531.00 D None of These

What is the total Net Credit Purchase (Less Returns) as on 10/5/2013

Q20
A 670,18,211.69 B 670,18,211.66 C 670,18,211.68 D None of These
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What is the collection from customers through Bank Accounts during the period
Q21 11/4/2013 to 9/5/2013
A 23,95,986.00 B 23,95,985.00 C 23,95,983.00 D None of These
What is the Quantity of Gum (Fevicol) 1x10x12 returned to suppliers during the period
Q22 3/4/2013 to 15/5/2013
A 11.00 B 15.00 C 14.00 D None of These

What is the Total Amount of cash received from suppliers by way of Purchase Return
Q23
A 1,215.75 B 1,215.73 C 1,215.77 D None of These
What is the total amount paid to Suppliers through Bank of London A/c (Churchil Way
Q24 Branch) as on 25/4/2013
A 41,71,000.00 B 41,68,000.00 C 41,72,000.00 D None of These

What is the total amount payable to Creditors as on 20/4/2013

Q25
A 695,06,084.40 B 695,06,084.42 C 695,06,084.44 D None of These
What is the collection from customers through Bank of London A/c (Lombard Street
Q26 Branch) during the period 9/4/2013 to 10/5/2013
A 7,82,596.00 B 7,82,593.00 C 7,82,594.00 D None of These

What was the Stock value of Refrigerator (Kelvinator) 1x1 as on 2/5/2013

Q27
A 81,74,299.47 B 81,74,299.48 C 81,74,299.50 D None of These
What is the total amount of cash deposited in banks during the period 2/4/2013 to
Q28 28/5/2013
A 6,80,000.00 B 6,90,000.00 C 6,50,000.00 D None of These
What is the total Credit Purchase (Net) of Electronic Items during the period 6/4/2013
Q29 to 17/5/2013
A 94,62,796.90 B 94,62,796.92 C 94,62,796.94 D None of These

What is the total Net Cash Sale (Less Returns) as on 28/5/2013

Q30
A 21,85,065.00 B 21,85,069.00 C 21,85,068.00 D None of These
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What Amount of Cash was utilised for payment of Expenses during the period
Q31 18/4/2013 to 21/5/2013
A 2,97,132.00 B 2,97,136.00 C 2,97,135.00 D None of These

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

Q32
A 1,67,855.69 B 1,67,855.66 C 1,67,855.67 D None of These
What is the total payment received from Debtors during the period 8/4/2013 to
Q33 27/5/2013
A 48,10,142.00 B 48,10,139.00 C 48,10,143.00 D None of These

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

Q34
A 42,16,627.52 B 42,16,627.48 C 42,16,627.50 D None of These
What is the lowest Quantity of Happy Tomato Sauce 250gm 1x8x4x2 sold during the
Q35 period 5/4/2013 to 27/5/2013
A 10.00 B 11.00 C 8.00 D None of These

What is the total expense of Repairs & Maintenance as on 26/5/2013

Q36
A 1,070.00 B 1,110.00 C 1,090.00 D None of These
What is the lowest Rate at which Happy Tomato Sauce 250gm 1x8x4x2 purchased
Q37 during the period 17/4/2013 to 31/5/2013
A 81.61 B 81.62 C 81.64 D None of These

What is the total Gross Purchase of Food Items as on 1/5/2013

Q38
A 36,47,992.30 B 36,47,992.31 C 36,47,992.33 D None of These
What is the total amount of cash deposited in City Bank (Lombard Street Branch) A/c in
Q39 the month of April
A 504,00,000.00 B 505,00,000.00 C 501,00,000.00 D None of These

What is the total expense incurred during the period 4/4/2013 to 23/5/2013
Q40
A 6,75,163.00 B 6,75,162.00 C 6,75,159.00 D None of These
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What is the total amount paid to Suppliers through Bank accounts as on 7/5/2013
Q41
A 275,11,696.38 B 275,11,696.40 C 275,11,696.42 D None of These
What is the highest Rate at which Television (Philips)32" 1x1 sold during the period
Q42 18/4/2013 to 31/5/2013
A 29,913.00 B 29,917.00 C 29,916.00 D None of These
What is the Minimum Quantity of Stock of Refrigerator (Kelvinator) 1x1 held in the
Q43 month of May
A 1,340.00 B 1,370.00 C 1,360.00 D None of These
What is the total payment made to Lincroft Electronics Ltd during the period 8/4/2013
Q44 to 18/5/2013
A 368,00,000.00 B 364,00,000.00 C 366,00,000.00 D None of These

What is the value of Total Stock as on 12/4/2013

Q45
A 575,19,249.88 B 575,19,249.85 C 575,19,249.86 D None of These
What is the total Cash inflow (Including Cash Withdrawal) during the period 8/4/2013
Q46 to 17/5/2013
A 68,86,503.50 B 68,86,503.52 C 68,86,503.48 D None of These

What is the total Purchase (Less Returns) as on 23/5/2013

Q47
A 727,08,892.49 B 727,08,892.53 C 727,08,892.51 D None of These

What is the Debt Ratio as on 24/5/2013

Q48
A 0.30 B 0.31 C 0.29 D None of These

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

Q49
A 19,72,115.00 B 19,72,117.00 C 19,72,113.00 D None of These

What is the Quick Ratio as on 16/5/2013

Q50
A 3.00 B 5.00 C 4.00 D None of These
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What is the total Cheques collected from Pinchin Johnson & Playfter Ltd in April
Q51
A 2,79,619.00 B 2,79,615.00 C 2,79,617.00 D None of These

What is the total value of Land as on 27/5/2013

Q52
A 160,00,000.00 B 150,00,000.00 C 120,00,000.00 D None of These

What is the Total Net Sale of Stationery Items during the period 5/4/2013 to 15/5/2013
Q53
A 99,480.00 B 99,440.00 C 99,470.00 D None of These
What is the total value of fixed assets purchased during the period 11/4/2013 to
Q54 29/5/2013
A 77,33,600.00 B 77,34,000.00 C 77,33,900.00 D None of These

What is the total Telephone expense in the month of May

Q55
A 1,077.00 B 1,076.00 C 1,073.00 D None of These
What is the total quantity (Net) of Punching Machine (Kores) 1x4x12 Sold during the
Q56 period 18/4/2013 to 21/5/2013
A 2,227.00 B 2,226.00 C 2,228.00 D None of These

What was the Total Bank balance as on 17/4/2013

Q57
A 1365,07,000.00 B 1365,08,000.00 C 1365,04,000.00 D None of These

What is the total amount payable to Suppliers as on 24/5/2013

Q58
A 240,87,945.32 B 240,87,945.33 C 240,87,945.31 D None of These
What is the Gross COST OF SALE of Stapler Pin (Camel) 1x8x6sold during the period
Q59 12/4/2013 to 19/5/2013
A 17,456.53 B 17,456.49 C 17,456.51 D None of These

What is the Profit or Loss as on 12/4/2013

Q60
A 1,09,169.27 B 1,09,169.26 C 1,09,169.29 D None of These
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What is the total amount paid to suppliers through Bank of London A/c (Churchil Way
Q61 Branch) in May
A 81,89,050.42 B 81,89,050.40 C 81,89,050.38 D None of These

What is the total amount collected from customers through Bank Accounts in April
Q62
A 20,95,985.00 B 20,95,986.00 C 20,95,983.00 D None of These

What was the Average Bank balance held during the period 6/4/2013 to 14/5/2013
Q63
A 1267,07,611.19 B 1267,07,611.23 C 1267,07,611.21 D None of These
What is the total amount of Purchase return of Electronic Items during the period
Q64 4/4/2013 to 17/5/2013
A 5,87,955.42 B 5,87,955.44 C 5,87,955.45 D None of These

What is the total amount of cheque paid to Yorkshare Food Products Ltd in April
Q65
A 30,67,767.67 B 30,67,767.66 C 30,67,767.70 D None of These

What is the total expense incurred as upto 27/5/2013

Q66
A 6,94,456.00 B 6,94,455.00 C 6,94,453.00 D None of These
What is the total amount of sales return of Stationery Items during the period 7/4/2013
Q67 to 8/5/2013
A 193.00 B 195.00 C 196.00 D None of These
What is the total quantity (Net) of Punching Machine (Kores) 1x4x12 Purchased during
Q68 the period 17/4/2013 to 15/5/2013
A 5,615.00 B 5,614.00 C 5,611.00 D None of These

What is balance payable to Sanford Electrics Ltd as on 24/5/2013

Q69
A 26,07,254.18 B 26,07,254.20 C 26,07,254.17 D None of These

What is balance receivable from Pinchin Johnson & Playfter Ltdas on 27/4/2013
Q70
A 56,130.00 B 13,105.00 C 0.00 D None of These
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What is the total amount payable to Creditors other than suppliers as upto 14/5/2013
Q71
A 214,30,491.00 B 214,30,487.00 C 214,30,489.00 D None of These

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

Q72
A -3,42,910.26 B -3,42,910.27 C -3,42,910.28 D None of These

what is the minimum cash balance held during the period 12/4/2013 to 10/5/2013
Q73
A 10,93,040.00 B 10,93,050.00 C 10,93,060.00 D None of These
What is the total Cash Purchase (Net) of Food Items during the period 2/4/2013 to
Q74 25/4/2013
A 2,05,480.00 B 2,05,440.00 C 2,05,470.00 D None of These
What is the total collection from customers through Bank of London A/c (Churchil
Q75 Way Branch) as on 21/5/2013
A 12,69,863.00 B 12,69,859.00 C 12,69,862.00 D None of These

What is the total gross amount of Cash received from Lamson Grocery Shop in April
Q76
A 3,00,000.00 B 7,00,000.00 C 6,00,000.00 D None of These

What is the Maximum Amount of Stock of Television (Onida) 21" 1x1 in business
Q77
A 121,80,651.36 B 121,80,651.35 C 121,80,651.38 D None of These
What was the Rate of Stock balance of Happy Tomato Sauce 250gm 1x8x4x2 as on
Q78 26/5/2013
A 83.42 B 83.45 C 83.41 D None of These
What is the Amount (Gross) of Punching Machine (Kores) 1x4x12 purchased during
Q79 the period 14/4/2013 to 30/5/2013
A 2,05,192.32 B 2,05,192.31 C 2,05,192.34 D None of These
What is the lowest Quantity of Television (Onida) 21" 1x1 purchased during the period
Q80 17/4/2013 to 16/5/2013
A 14.00 B 17.00 C 18.00 D None of These
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What is the total amount of cash withdrawn from banks during the period 17/4/2013 to
Q81 26/5/2013
A 41,80,000.00 B 41,50,000.00 C 41,90,000.00 D None of These
What is the total net Purchases (Less Returns) of Stationery Items during the period
Q82 5/4/2013 to 2/5/2013
A 4,99,900.68 B 4,99,900.65 C 4,99,900.66 D None of These

What is the total Cash payment made to Penmark Stationery Mall

Q83
A 80,000.00 B 78,000.00 C 79,000.00 D None of These

What is the total payment made to Creditors during the period 9/4/2013 to 31/5/2013
Q84
A 726,90,821.90 B 726,90,821.87 C 726,90,821.86 D None of These

What was the Cash Balance as on 22/4/2013

Q85
A 21,16,384.00 B 21,16,386.00 C 21,16,387.00 D None of These
What is the total payment received from Lamson Grocery Shop during the period
Q86 7/4/2013 to 24/5/2013
A 26,70,000.00 B 26,50,000.00 C 26,80,000.00 D None of These

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

Q87
A 6,02,786.00 B 6,02,787.00 C 6,02,784.00 D None of These
What is the Average Daily Expense of the company during the period 13/4/2013 to
Q88 14/5/2013
A 19,975.39 B 19,975.43 C 19,975.41 D None of These
What is the Average Amount of Stock of Refrigerator (Kelvinator) 1x1 held during the
Q89 period 10/4/2013 to 11/5/2013
A 82,25,471.92 B 82,25,471.94 C 82,25,471.90 D None of These
What is the total Cash Out Flow (Including Cash Deposit in Bank) during the period
Q90 20/4/2013 to 30/5/2013
A 53,36,542.00 B 53,36,543.00 C 53,36,544.00 D None of These
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What is the total Cash sale (Net) of Electronic Items during the period 11/4/2013 to
Q91 27/5/2013
A 19,43,963.00 B 19,43,965.00 C 19,43,964.00 D None of These
What is the amount paid to Suppliers through Bank Accounts during the period
Q92 14/4/2013 to 30/4/2013
A 154,27,696.38 B 154,27,696.39 C 154,27,696.41 D None of These
What number of ERRORS are found in JOURNAL ENTRIES posted from
Q93 TRANSACTIONS
A 5.00 B 6.00 C 3.00 D None of These
What is the Quantity of Nido Milk Powder 500gm 1x4x2x6 returned by customers
Q94 during the period 5/4/2013 to 31/5/2013
A 12.00 B 14.00 C 15.00 D None of These
What is the highest Rate at which Lipton Brue Coffee 250gm 1x2x8 purchased during
Q95 the period 13/4/2013 to 19/5/2013
A 207.57 B 207.55 C 207.56 D None of These
What is the highest Quantity of Punching Machine (Kores) 1x4x12 purchased during
Q96 the period 18/4/2013 to 28/5/2013
A 2,112.00 B 2,115.00 C 2,114.00 D None of These

What is the total amount Paid to Suppliers through Bank Accounts in May
Q97
A 264,69,415.48 B 264,69,415.47 C 264,69,415.50 D None of These

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

Q98
A 35,81,965.00 B 35,81,969.00 C 35,81,967.00 D None of These
what was the highest amount of cash balance held during the period 6/4/2013 to
Q99 27/5/2013
A 63,21,719.50 B 63,21,719.48 C 63,21,719.49 D None of These

What was the Average Cash balance held during the period 20/4/2013 to 15/5/2013
Q100
A 22,93,964.27 B 22,93,964.25 C 22,93,964.29 D None of These