International Institute of Certified Accountants

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What is the total collection from customers through Bank accounts as on 6/5/2013
Q1
A 23,95,986.00 B 23,95,983.00 C 23,95,985.00 D None of These
What is the Maximum Amount of Stock of Nido Milk Powder 500gm 1x4x2x6 held in
Q2 the month of May
A 16,02,956.23 B 16,02,956.27 C 16,02,956.25 D None of These

What is the Currrent Ratio as on 17/4/2013

Q3
A 2.56 B 2.57 C 2.59 D None of These
What is the total net Purchases (Less Returns) of Stationery Items during the period
Q4 14/4/2013 to 11/5/2013
A 1,70,044.41 B 1,70,044.44 C 1,70,044.42 D None of These
What is the total gross amount of Cash received from Pinchin Johnson & Playfter Ltd in
Q5 May
A 50,000.00 B 20,000.00 C 60,000.00 D None of These
what was the highest amount of cash balance held during the period 14/4/2013 to
Q6 21/5/2013
A 63,21,719.51 B 63,21,719.48 C 63,21,719.49 D None of These

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

Q7
A 42,16,627.48 B 42,16,627.50 C 42,16,627.49 D None of These

What is the total Gross Purchase of Electronic Items as on 25/4/2013

Q8
A 603,98,708.30 B 603,98,708.28 C 603,98,708.27 D None of These
What is the Average Daily Expense of the company during the period 11/4/2013 to
Q9 30/5/2013
A 13,487.15 B 13,487.16 C 13,487.13 D None of These
What is the total collection from customers through City Bank (Lombard Street Branch)
Q10 A/c as on 3/5/2013
A 6,43,779.00 B 6,43,778.00 C 6,43,776.00 D None of These
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What was the Average Cash balance held during the period 23/4/2013 to 23/5/2013
Q11
A 26,07,034.14 B 26,07,034.15 C 26,07,034.12 D None of These
What is the Minimum Amount of Stock of Punching Machine (Kores) 1x4x12 held in
Q12 the month of May
A 3,35,431.08 B 3,35,431.09 C 3,35,431.12 D None of These

What is the total amount payable to Suppliers as on 14/5/2013

Q13
A 312,33,767.21 B 312,33,767.19 C 312,33,767.17 D None of These
What is the highest Quantity of Television (Onida) 21" 1x1 sold during the period
Q14 13/4/2013 to 29/5/2013
A 39.00 B 37.00 C 36.00 D None of These

What is the total amount payable to Creditors other than suppliers as upto 28/5/2013
Q15
A 92,68,000.00 B 92,69,000.00 C 92,70,000.00 D None of These

What is the total expense of Repairs & Maintenance as on 22/5/2013

Q16
A 1,100.00 B 1,110.00 C 1,070.00 D None of These

What is the total Net Credit Purchase (Less Returns) as on 22/5/2013

Q17
A 684,42,938.05 B 684,42,938.07 C 684,42,938.04 D None of These
What is the total amount of sales return of Stationery Items during the period 9/4/2013
Q18 to 18/5/2013
A 261.00 B 265.00 C 263.00 D None of These

How much Cash is paid to Suppliers during the Period 18/4/2013 to 19/5/2013
Q19
A 3,79,000.00 B 3,77,000.00 C 3,81,000.00 D None of These

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

Q20
A 712,05,649.01 B 712,05,649.02 C 712,05,649.04 D None of These
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What is the total expense incurred as upto 28/5/2013

Q21
A 6,94,705.00 B 6,94,706.00 C 6,94,704.00 D None of These

What is balance payable to Penmark Stationery Mall as on 21/4/2013

Q22
A 19,857.61 B 19,857.63 C 19,857.62 D None of These
What is the total Credit Purchase (Net) of Food Items during the period 3/4/2013 to
Q23 17/5/2013
A 5,91,311.76 B 5,91,311.77 C 5,91,311.79 D None of These
What is the highest Rate at which Punching Machine (Kores) 1x4x12 purchased during
Q24 the period 11/4/2013 to 27/5/2013
A 23.89 B 23.87 C 23.91 D None of These
What number of ERRORS are found in JOURNAL ENTRIES posted from
Q25 TRANSACTIONS
A 2.00 B 5.00 C 4.00 D None of These

What is the total Net Cash Sale (Less Returns) as on 27/4/2013

Q26
A 7,20,996.00 B 7,20,998.00 C 7,20,997.00 D None of These
What is the total amount of Purchase return of Electronic Items during the period
Q27 7/4/2013 to 18/5/2013
A 5,87,955.42 B 5,87,955.45 C 5,87,955.41 D None of These
What is the Quantity of Happy Tomato Sauce 250gm 1x8x4x2 returned to suppliers
Q28 during the period 7/4/2013 to 20/5/2013
A 16.00 B 19.00 C 18.00 D None of These
What is the Maximum Quantity of Stock of Refrigerator (Kelvinator) 1x1 held in the
Q29 month of May
A 1,516.00 B 1,517.00 C 1,514.00 D None of These
How much Cash is received (Gross) from Customers during the period 18/4/2013 to
Q30 7/5/2013
A 3,80,000.00 B 3,78,000.00 C 3,76,000.00 D None of These
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What is the total amount receivable from Debtors as on 22/5/2013

Q31
A 14,64,416.00 B 14,64,419.00 C 14,64,420.00 D None of These
What is the total amount paid to Suppliers through City Bank (Lombard Street Branch)
Q32 A/c as on 24/4/2013
A 41,74,525.14 B 41,74,525.10 C 41,74,525.12 D None of These
What is the total payment received from Brinxton Hyper Mall during the period
Q33 9/4/2013 to 27/5/2013
A 4,94,020.00 B 4,94,060.00 C 4,94,050.00 D None of These
What is the amount paid to Suppliers through Bank Accounts during the period
Q34 7/4/2013 to 18/5/2013
A 397,20,337.51 B 397,20,337.54 C 397,20,337.52 D None of These

What was the Quantity of Stock of Punching Machine (Kores) 1x4x12 as on 1/5/2013
Q35
A 13,578.00 B 13,581.00 C 13,582.00 D None of These
What is the total Cash inflow (Including Cash Withdrawal) during the period 5/4/2013
Q36 to 24/5/2013
A 84,59,964.48 B 84,59,964.50 C 84,59,964.52 D None of These
What is the Total Net Sale of Gum (Fevicol) 1x10x12 during the period 2/4/2013 to
Q37 23/5/2013
A 6,206.00 B 6,203.00 C 6,207.00 D None of These

What is the value of Total Stock as on 21/5/2013

Q38
A 651,05,306.61 B 651,05,306.60 C 651,05,306.63 D None of These

What is the Total Net Sale of Food Items during the period 5/4/2013 to 20/5/2013
Q39
A 10,74,591.00 B 10,74,590.00 C 10,74,588.00 D None of These
What is the collection from customers through Bank Accounts during the period
Q40 9/4/2013 to 13/5/2013
A 25,95,987.00 B 25,95,983.00 C 25,95,986.00 D None of These
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What is the total amount of cash withdrawn from Al Islami Bank A/cin the month
Q41 ofMay
A 0.00 B 9,259.00 C 37,057.00 D None of These
What is the lowest Quantity of Nido Milk Powder 500gm 1x4x2x6 sold during the
Q42 period 4/4/2013 to 17/5/2013
A 12.00 B 13.00 C 15.00 D None of These
What is the total value of fixed assets purchased during the period 13/4/2013 to
Q43 22/5/2013
A 76,52,600.00 B 76,52,900.00 C 76,53,000.00 D None of These
What is the lowest Rate at which Television (Philips)32" 1x1 sold during the period
Q44 11/4/2013 to 24/5/2013
A 29,129.00 B 29,133.00 C 29,132.00 D None of These

What is the total Purchase (Less Returns) as on 31/5/2013

Q45
A 725,06,074.13 B 725,06,074.12 C 725,06,074.10 D None of These
What is the Amount (Gross) of Punching Machine (Kores) 1x4x12 purchased during
Q46 the period 20/4/2013 to 23/5/2013
A 1,75,264.30 B 1,75,264.31 C 1,75,264.32 D None of These
What is the total quantity (Net) of Refrigerator (Kelvinator) 1x1 Sold during the period
Q47 28/4/2013 to 20/5/2013
A 29.00 B 31.00 C 27.00 D None of These

What is balance payable to Tower Height Builders Pvt Ltd A/cas on 29/5/2013
Q48
A 60,00,000.00 B 80,00,000.00 C 90,00,000.00 D None of These

What was the Average Bank balance held during the period 1/4/2013 to 20/5/2013
Q49
A 1250,38,077.92 B 1250,38,077.93 C 1250,38,077.94 D None of These

What was the Cash Balance as on 30/5/2013

Q50
A 35,78,514.77 B 35,78,514.75 C 35,78,514.74 D None of These
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What is the total amount of cash deposited in banks during the period 1/4/2013 to
Q51 31/5/2013
A 1502,00,000.00 B 1506,00,000.00 C 1505,00,000.00 D None of These
What is the total amount paid to suppliers through Bank of London A/c (Lombard Street
Q52 Branch) in April
A 111,51,767.67 B 111,51,767.68 C 111,51,767.66 D None of These

What is the Gross Profit Ratio as on 11/5/2013

Q53
A 0.08 B 0.06 C 0.05 D None of These
What is the amount paid to suppliers through Bank of London A/c (Churchil Way
Q54 Branch) during the period 5/4/2013 to 29/5/2013
A 163,74,458.00 B 163,74,457.00 C 163,74,454.00 D None of These
What is the highest Quantity of Happy Tomato Sauce 250gm 1x8x4x2 purchased
Q55 during the period 11/4/2013 to 29/5/2013
A 387.00 B 388.00 C 384.00 D None of These
What is the collection from customers through Bank of London A/c (Churchil Way
Q56 Branch) during the period 9/4/2013 to 6/5/2013
A 8,69,619.00 B 8,69,615.00 C 8,69,617.00 D None of These

What is the total Electricity expense in the month of May

Q57
A 4,887.00 B 4,890.00 C 4,889.00 D None of These

What is the total Gross sale of Stationery Items as on 1/5/2013

Q58
A 79,169.00 B 79,167.00 C 79,168.00 D None of These

What is the total Cash payment made to Penmart Stationery Mall

Q59
A 50,000.00 B 40,000.00 C 20,000.00 D None of These

What was the Stock value of Television (Philips)32" 1x1 as on 14/5/2013

Q60
A 379,31,944.66 B 379,31,944.67 C 379,31,944.68 D None of These
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What is the total payment made to Lincroft Electronics Ltd during the period 5/4/2013
Q61 to 27/5/2013
A 407,00,000.00 B 405,00,000.00 C 406,00,000.00 D None of These
What is the Quantity of Gum (Fevicol) 1x10x12 returned by customers during the
Q62 period 5/4/2013 to 24/5/2013
A 14.00 B 15.00 C 12.00 D None of These

What is the total Cheques collected from Pinchin Johnson & Playfter Ltd in April
Q63
A 2,79,618.00 B 2,79,619.00 C 2,79,615.00 D None of These

What is the Total Amount of cash received from suppliers by way of Purchase Return
Q64
A 1,215.75 B 1,215.73 C 1,215.77 D None of These

What is the total expense incurred during the period 18/4/2013 to 31/5/2013
Q65
A 11,63,367.00 B 11,63,369.00 C 11,63,371.00 D None of These
What is the total Credit sale (Net) of Electronic Items during the period 18/4/2013 to
Q66 7/5/2013
A 13,49,552.00 B 13,49,551.00 C 13,49,549.00 D None of These

What is the total Expense Paid by cash during the period 7/4/2013 to 15/5/2013
Q67
A 2,97,201.00 B 2,97,200.00 C 2,97,198.00 D None of These

What is the total amount paid to Suppliers through Bank accounts as on 20/4/2013
Q68
A 154,94,292.78 B 154,94,292.79 C 154,94,292.80 D None of These
What is the lowest Quantity of Television (Philips)32" 1x1 purchased during the period
Q69 9/4/2013 to 28/5/2013
A 11.00 B 10.00 C 7.00 D None of These

What is the total payment made to Creditors during the period 2/4/2013 to 30/5/2013
Q70
A 746,27,029.69 B 746,27,029.67 C 746,27,029.66 D None of These
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What is the Average Quantity of Stock of Gum (Fevicol) 1x10x12 held during the
Q71 period 3/4/2013 to 31/5/2013
A 13,645.00 B 13,642.00 C 13,646.00 D None of These

What was the balance in Bank of London A/c (Lombard Street Branch) as on 19/5/2013
Q72
A 265,60,824.31 B 265,60,824.32 C 265,60,824.34 D None of These

What is the total amount of cheque paid to Penmark Stationery Mall in May
Q73
A 35,454.07 B 35,454.10 C 35,454.08 D None of These

What was the Rate of Stock balance of Television (Philips)32" 1x1 as on 10/5/2013
Q74
A 28,097.76 B 28,097.74 C 28,097.72 D None of These

What is balance receivable from Adiison Lee Fancy Shopas on 17/5/2013

Q75
A -1,411.00 B -1,410.00 C -1,408.00 D None of These

What is the Profit or Loss as on 9/4/2013

Q76
A 41,511.99 B 41,512.01 C 41,512.00 D None of These
What is the total payment received from Debtors during the period 10/4/2013 to
Q77 17/5/2013
A 36,11,536.00 B 36,11,538.00 C 36,11,534.00 D None of These
What is the highest Rate at which Happy Tomato Sauce 250gm 1x8x4x2 sold during the
Q78 period 18/4/2013 to 23/5/2013
A 110.00 B 107.00 C 108.00 D None of These
What is the total Cash sale (Net) of Electronic Items during the period 5/4/2013 to
Q79 18/5/2013
A 19,43,966.00 B 19,43,962.00 C 19,43,965.00 D None of These
What is the total quantity (Net) of Television (Philips)32" 1x1 Purchased during the
Q80 period 22/4/2013 to 26/5/2013
A 150.00 B 148.00 C 152.00 D None of These
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What Amount of Cash was utilised for payment of Expenses during the period
Q81 11/4/2013 to 25/5/2013
A 3,01,040.00 B 3,01,039.00 C 3,01,036.00 D None of These
What is the total Cash Purchase (Net) of Stationery Items during the period 2/4/2013 to
Q82 12/5/2013
A 1,01,520.00 B 1,01,560.00 C 1,01,550.00 D None of These

What is the total amount Paid to Suppliers through Bank Accounts in May
Q83
A 264,69,415.47 B 264,69,415.50 C 264,69,415.48 D None of These

What was the Total Bank balance as on 5/4/2013

Q84
A 1520,00,000.00 B 1490,00,000.00 C 1510,00,000.00 D None of These

What is the Profit or Loss as on 7/5/2013

Q85
A -3,22,879.44 B -3,22,879.42 C -3,22,879.43 D None of These
What is the total Cash Out Flow (Including Cash Deposit in Bank) during the period
Q86 9/4/2013 to 7/5/2013
A 15,13,048.00 B 15,13,049.00 C 15,13,051.00 D None of These
What is the Minimum Quantity of Stock of Nido Milk Powder 500gm 1x4x2x6 held in
Q87 the month of April
A 4,765.00 B 4,764.00 C 4,761.00 D None of These
What is the lowest Rate at which Lipton Brue Coffee 250gm 1x2x8 purchased during
Q88 the period 12/4/2013 to 23/5/2013
A 200.00 B 600.00 C 500.00 D None of These
What is the Average Amount of Stock of Gum (Fevicol) 1x10x12 held during the period
Q89 11/4/2013 to 23/5/2013
A 38,029.85 B 38,029.86 C 38,029.87 D None of These

What is the total value of Building as on 30/5/2013

Q90
A 200,00,000.00 B 190,00,000.00 C 160,00,000.00 D None of These
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What is the Gross COST OF SALE of Nido Milk Powder 500gm 1x4x2x6sold during
Q91 the period 4/4/2013 to 23/5/2013
A 4,44,564.52 B 4,44,564.54 C 4,44,564.50 D None of These

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

Q92
A -3,42,294.85 B -3,42,294.86 C -3,42,294.83 D None of These

What is the total amount collected from customers through Bank Accounts in April
Q93
A 20,95,983.00 B 20,95,987.00 C 20,95,985.00 D None of These

What is the total Sale (Less Returns) as on 27/5/2013

Q94
A 89,25,984.00 B 89,25,986.00 C 89,25,987.00 D None of These
What is the total amount of cash withdrawn from banks during the period 4/4/2013 to
Q95 20/5/2013
A 55,80,000.00 B 55,50,000.00 C 55,90,000.00 D None of These
What is the total net sales (Less Returns) of Stationery Items during the period
Q96 13/4/2013 to 19/5/2013
A 91,027.00 B 91,029.00 C 91,031.00 D None of These
What is the total amount collected from customers through Bank of London A/c
Q97 (Lombard Street Branch) in April
A 7,82,596.00 B 7,82,595.00 C 7,82,592.00 D None of These

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

Q98
A 35,81,966.00 B 35,81,967.00 C 35,81,968.00 D None of These

What is the total amount of cash deposited in Al Islami Bank A/c in the month of May
Q99
A 51,462.00 B 23,801.00 C 0.00 D None of These

what is the minimum cash balance held during the period 2/4/2013 to 24/5/2013
Q100
A 4,99,942.00 B 4,99,946.00 C 4,99,944.00 D None of These