International Institute of Certified Accountants

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What is the Quick Ratio as on 21/4/2013

Q1
A 1.85 B 1.89 C 1.87 D None of These
What is the lowest Rate at which Nido Milk Powder 500gm 1x4x2x6 sold during the
Q2 period 14/4/2013 to 24/5/2013
A 327.00 B 323.00 C 326.00 D None of These

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

Q3
A 658,99,442.86 B 658,99,442.85 C 658,99,442.83 D None of These
What is the total amount of sales return of Electronic Items during the period 13/4/2013
Q4 to 25/5/2013
A 5,31,560.00 B 5,31,550.00 C 5,31,520.00 D None of These

What is the total amount of cheque paid to Yorkshare Food Products Ltd in May
Q5
A 1,89,050.40 B 1,89,050.42 C 1,89,050.39 D None of These

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

Q6
A -19,220.00 B -19,223.00 C -19,221.00 D None of These

What was the Quantity of Stock of Television (Philips)32" 1x1 as on 20/4/2013

Q7
A 1,309.00 B 1,311.00 C 1,312.00 D None of These
What is the Minimum Quantity of Stock of Television (Onida) 21" 1x1 held in the
Q8 month of May
A 1,324.00 B 1,326.00 C 1,328.00 D None of These
What is the total amount paid to suppliers through Bank of London A/c (Lombard Street
Q9 Branch) in May
A 80,15,863.38 B 80,15,863.34 C 80,15,863.36 D None of These

What was the Total Bank balance as on 14/5/2013

Q10
A 990,84,442.22 B 990,84,442.20 C 990,84,442.19 D None of These
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What is the collection from customers through City Bank (Lombard Street Branch) A/c
Q11 during the period 20/4/2013 to 8/5/2013
A 7,43,776.00 B 7,43,780.00 C 7,43,779.00 D None of These

What is the total amount collected from customers through Bank Accounts in April
Q12
A 20,95,986.00 B 20,95,983.00 C 20,95,987.00 D None of These

What is the Total Amount of cash received from suppliers by way of Purchase Return
Q13
A 1,215.73 B 1,215.75 C 1,215.77 D None of These

What is the Profit or Loss as on 20/5/2013

Q14
A -2,08,693.96 B -2,08,693.95 C -2,08,693.92 D None of These

What is the total gross amount of Cash received from Lamson Grocery Shop in April
Q15
A 6,00,000.00 B 3,00,000.00 C 7,00,000.00 D None of These
What was the Rate of Stock balance of Lipton Brue Coffee 250gm 1x2x8 as on
Q16 8/5/2013
A 203.95 B 203.93 C 203.92 D None of These
What is the total Cash Out Flow (Including Cash Deposit in Bank) during the period
Q17 10/4/2013 to 22/5/2013
A 56,90,555.00 B 56,90,559.00 C 56,90,558.00 D None of These
What is the total Cash sale (Net) of Stationery Items during the period 16/4/2013 to
Q18 21/5/2013
A 37,465.00 B 37,463.00 C 37,466.00 D None of These
What is the total amount of cash deposited in Bank of London A/c (Lombard Street
Q19 Branch) in the month of May
A 1,50,000.00 B 1,80,000.00 C 1,90,000.00 D None of These
What is the Quantity of Nido Milk Powder 500gm 1x4x2x6 returned to suppliers during
Q20 the period 1/4/2013 to 14/5/2013
A 9.00 B 5.00 C 8.00 D None of These
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What is the Maximum Amount of Stock of Television (Philips)32" 1x1 held in the
Q21 month of April
A 375,20,184.53 B 375,20,184.51 C 375,20,184.50 D None of These

What is the Profit or Loss as on 28/4/2013

Q22
A 1,66,196.87 B 1,66,196.89 C 1,66,196.86 D None of These
What number of ERRORS are found in JOURNAL ENTRIES posted from
Q23 TRANSACTIONS
A 5.00 B 2.00 C 6.00 D None of These
What is the total net Purchases (Less Returns) of Electronic Items during the period
Q24 3/4/2013 to 27/5/2013
A 677,11,593.25 B 677,11,593.28 C 677,11,593.24 D None of These
What is the total amount of cash withdrawn from City Bank (Lombard Street Branch)
Q25 A/cin the month ofMay
A 80,000.00 B 50,000.00 C 90,000.00 D None of These
What is the total quantity (Net) of Television (Philips)32" 1x1 Sold during the period
Q26 12/4/2013 to 20/5/2013
A 132.00 B 135.00 C 136.00 D None of These
What is the amount paid to Suppliers through Bank Accounts during the period
Q27 16/4/2013 to 5/5/2013
A 192,59,696.42 B 192,59,696.39 C 192,59,696.40 D None of These

What was the Average Bank balance held during the period 6/4/2013 to 11/5/2013
Q28
A 1286,70,957.20 B 1286,70,957.22 C 1286,70,957.21 D None of These

What is the total Gross Purchase of Stationery Items as on 29/4/2013

Q29
A 5,00,070.23 B 5,00,070.26 C 5,00,070.24 D None of These

What was the Stock value of Television (Philips)32" 1x1 as on 8/5/2013

Q30
A 376,48,082.72 B 376,48,082.70 C 376,48,082.74 D None of These
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What is the Debt-Equity Ratio as on 13/4/2013

Q31
A 0.52 B 0.54 C 0.51 D None of These

What is the total Gross sale of Electronic Items as on 3/5/2013

Q32
A 41,26,853.00 B 41,26,849.00 C 41,26,851.00 D None of These
What is the total amount of cash withdrawn from banks during the period 15/4/2013 to
Q33 28/5/2013
A 41,50,000.00 B 41,90,000.00 C 41,80,000.00 D None of These
What is the Average Quantity of Stock of Punching Machine (Kores) 1x4x12 held
Q34 during the period 5/4/2013 to 9/5/2013
A 12,465.00 B 12,464.00 C 12,463.00 D None of These
What is the total amount of cash deposited in banks during the period 19/4/2013 to
Q35 21/5/2013
A 5,90,000.00 B 5,50,000.00 C 5,80,000.00 D None of These
What is the total Cash Purchase (Net) of Electronic Items during the period 7/4/2013 to
Q36 25/5/2013
A 38,52,600.00 B 38,52,500.00 C 38,52,700.00 D None of These
What is the Average Daily Expense of the company during the period 17/4/2013 to
Q37 19/5/2013
A 19,461.12 B 19,461.10 C 19,461.14 D None of These

What is the total Cheques collected from Traford Super Market in May
Q38
A 1,50,246.00 B 1,50,247.00 C 1,50,244.00 D None of These
What is the lowest Rate at which Punching Machine (Kores) 1x4x12 purchased during
Q39 the period 11/4/2013 to 16/5/2013
A 21.50 B 21.48 C 21.52 D None of These

What is balance payable to Camel Stationery Shop A/cas on 29/5/2013

Q40
A 0.00 B 52,189.00 C 24,217.00 D None of These
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What was the balance in Bank of London A/c (Churchil Way Branch) as on 12/4/2013
Q41
A 489,44,000.00 B 489,45,000.00 C 489,41,000.00 D None of These
What is the total value of fixed assets purchased during the period 11/4/2013 to
Q42 15/5/2013
A 77,07,800.00 B 77,07,900.00 C 77,07,600.00 D None of These
What is the lowest Quantity of Lipton Brue Coffee 250gm 1x2x8 purchased during the
Q43 period 20/4/2013 to 20/5/2013
A 180.00 B 160.00 C 190.00 D None of These

what is the minimum cash balance held during the period 5/4/2013 to 29/5/2013
Q44
A 9,99,131.00 B 9,99,130.00 C 9,99,127.00 D None of These

What is the total amount payable to Creditors as on 27/5/2013

Q45
A 331,41,226.19 B 331,41,226.17 C 331,41,226.20 D None of These

What is the total expense of Printing & Stationery as on 26/5/2013

Q46
A 53,556.00 B 53,553.00 C 53,557.00 D None of These
What is the Amount (Gross) of Happy Tomato Sauce 250gm 1x8x4x2 purchased during
Q47 the period 16/4/2013 to 28/5/2013
A 93,820.16 B 93,820.18 C 93,820.14 D None of These

What is the total expense incurred during the period 9/4/2013 to 17/5/2013
Q48
A 6,63,709.00 B 6,63,711.00 C 6,63,713.00 D None of These

What is the total amount receivable from Debtors as on 12/5/2013

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

What is the total Net Credit Sale (Less Returns) as on 14/5/2013

Q50
A 52,44,099.00 B 52,44,097.00 C 52,44,100.00 D None of These
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What is the Gross COST OF SALE of Nido Milk Powder 500gm 1x4x2x6sold during
Q51 the period 15/4/2013 to 24/5/2013
A 4,01,448.26 B 4,01,448.27 C 4,01,448.29 D None of These

What is the total value of Computer as on 28/5/2013

Q52
A 31,000.00 B 32,000.00 C 33,000.00 D None of These

What is the Maximum Quantity of Stock of Refrigerator (Kelvinator) 1x1 in business

Q53
A 1,517.00 B 1,514.00 C 1,518.00 D None of These

What is the total expense incurred as upto 28/5/2013

Q54
A 6,94,705.00 B 6,94,706.00 C 6,94,707.00 D None of These
What is the total payment made to Sanford Electrics Ltd during the period 7/4/2013 to
Q55 15/5/2013
A 41,220.00 B 0.00 C 78,840.00 D None of These
What is the highest Rate at which Television (Onida) 21" 1x1 sold during the period
Q56 6/4/2013 to 20/5/2013
A 9,000.00 B 8,997.00 C 9,001.00 D None of These

What is the total Cash payment made to Penmark Stationery Mall

Q57
A 79,000.00 B 78,000.00 C 81,000.00 D None of These

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

Q58
A 6,86,563.00 B 6,86,561.00 C 6,86,559.00 D None of These
What is the total amount paid to Suppliers through City Bank (Lombard Street Branch)
Q59 A/c as on 9/5/2013
A 81,74,525.12 B 81,74,525.14 C 81,74,525.10 D None of These
What is the total payment received from Debtors during the period 19/4/2013 to
Q60 25/5/2013
A 36,65,141.00 B 36,65,140.00 C 36,65,142.00 D None of These
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What is the total Net Cash Purchase (Less Returns) as on 11/5/2013

Q61
A 3,64,289.00 B 3,64,291.00 C 3,64,293.00 D None of These
What is the collection from customers through Bank Accounts during the period
Q62 2/4/2013 to 20/5/2013
A 30,75,782.00 B 30,75,781.00 C 30,75,778.00 D None of These
What is the total amount of Purchase return of Stationery Items during the period
Q63 16/4/2013 to 9/5/2013
A 169.56 B 169.58 C 169.60 D None of These
What is the total Credit Purchase (Net) of Stationery Items during the period 10/4/2013
Q64 to 16/5/2013
A 1,28,150.04 B 1,28,150.02 C 1,28,150.01 D None of These

What is the Total Net Sale of Food Items during the period 14/4/2013 to 14/5/2013
Q65
A 5,58,599.00 B 5,58,602.00 C 5,58,600.00 D None of These

What is the total collection from customers through Bank accounts as on 30/5/2013
Q66
A 39,14,139.00 B 39,14,141.00 C 39,14,143.00 D None of These
What is the Minimum Amount of Stock of Punching Machine (Kores) 1x4x12 held in
Q67 the month of May
A 3,35,431.09 B 3,35,431.08 C 3,35,431.12 D None of These

What is the total amount paid to Suppliers through Bank accounts as on 7/5/2013
Q68
A 275,11,696.42 B 275,11,696.39 C 275,11,696.40 D None of These
What is the total net sales (Less Returns) of Electronic Items during the period
Q69 16/4/2013 to 14/5/2013
A 23,51,712.00 B 23,51,714.00 C 23,51,716.00 D None of These

What is the total Expense Paid by cash during the period 2/4/2013 to 14/5/2013
Q70
A 2,97,409.00 B 2,97,405.00 C 2,97,408.00 D None of These
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What is the highest Rate at which Stapler Pin (Camel) 1x8x6 purchased during the
Q71 period 10/4/2013 to 24/5/2013
A 5.81 B 5.83 C 5.85 D None of These

How much Cash is paid to Suppliers during the Period 13/4/2013 to 19/5/2013
Q72
A 4,77,000.00 B 4,79,000.00 C 4,81,000.00 D None of These
How much Cash is received (Gross) from Customers during the period 5/4/2013 to
Q73 6/5/2013
A 3,79,000.00 B 3,80,000.00 C 3,76,000.00 D None of These

What is balance payable to Lincroft Electronics Ltd as on 9/5/2013

Q74
A 331,54,658.25 B 331,54,658.21 C 331,54,658.23 D None of These
What is the total amount collected from customers through City Bank (Lombard Street
Q75 Branch) A/c in April
A 6,43,779.00 B 6,43,776.00 C 6,43,778.00 D None of These
what was the highest amount of cash balance held during the period 11/4/2013 to
Q76 29/5/2013
A 63,21,719.52 B 63,21,719.50 C 63,21,719.48 D None of These
What is the total quantity (Net) of Refrigerator (Kelvinator) 1x1 Purchased during the
Q77 period 30/4/2013 to 27/5/2013
A 270.00 B 272.00 C 271.00 D None of These
What is the amount paid to suppliers through Bank of London A/c (Churchil Way
Q78 Branch) during the period 14/4/2013 to 8/5/2013
A 41,85,403.62 B 41,85,403.59 C 41,85,403.58 D None of These
What is the total Credit sale (Net) of Electronic Items during the period 20/4/2013 to
Q79 9/5/2013
A 8,41,700.00 B 8,41,500.00 C 8,41,300.00 D None of These

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

Q80
A 575,19,249.86 B 575,19,249.84 C 575,19,249.88 D None of These
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What is the total amount payable to Suppliers as on 24/5/2013

Q81
A 240,87,945.31 B 240,87,945.32 C 240,87,945.33 D None of These
What is the highest Quantity of Gum (Fevicol) 1x10x12 purchased during the period
Q82 10/4/2013 to 15/5/2013
A 2,060.00 B 2,070.00 C 2,080.00 D None of These
What is the total collection from customers through Bank of London A/c (Churchil
Q83 Way Branch) as on 21/5/2013
A 12,69,862.00 B 12,69,859.00 C 12,69,861.00 D None of These

What is the total Salary expense in the month of April

Q84
A 4,85,000.00 B 4,89,000.00 C 4,88,000.00 D None of These

What is the total amount Paid to Suppliers through Bank Accounts in April
Q85
A 235,11,696.40 B 235,11,696.39 C 235,11,696.38 D None of These

What is the total Net Credit Purchase (Less Returns) as on 8/5/2013

Q86
A 653,98,150.76 B 653,98,150.80 C 653,98,150.78 D None of These
What is the Average Amount of Stock of Television (Philips)32" 1x1 held during the
Q87 period 20/4/2013 to 25/5/2013
A 383,19,924.38 B 383,19,924.40 C 383,19,924.37 D None of These

What is the total amount payable to Creditors other than suppliers as upto 5/5/2013
Q88
A 293,72,488.00 B 293,72,490.00 C 293,72,491.00 D None of These
What is the Total Net Sale of Gum (Fevicol) 1x10x12 during the period 10/4/2013 to
Q89 17/5/2013
A 4,130.00 B 4,128.00 C 4,126.00 D None of These
What is the Quantity of Television (Onida) 21" 1x1 returned by customers during the
Q90 period 14/4/2013 to 10/5/2013
A 10.00 B 40.00 C 30.00 D None of These
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What Amount of Cash was utilised for payment of Expenses during the period 6/4/2013
Q91 to 16/5/2013
A 2,97,239.00 B 2,97,238.00 C 2,97,241.00 D None of These
What is the highest Quantity of Punching Machine (Kores) 1x4x12 sold during the
Q92 period 7/4/2013 to 24/5/2013
A 792.00 B 796.00 C 795.00 D None of These

What is balance receivable from Pinchin Johnson & Playfter Ltdas on 29/5/2013
Q93
A 98,525.00 B 98,529.00 C 98,528.00 D None of These
What is the total Cash inflow (Including Cash Withdrawal) during the period 2/4/2013
Q94 to 29/5/2013
A 89,70,063.75 B 89,70,063.73 C 89,70,063.77 D None of These
What is the lowest Quantity of Happy Tomato Sauce 250gm 1x8x4x2 sold during the
Q95 period 20/4/2013 to 27/5/2013
A 88.00 B 86.00 C 90.00 D None of These

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

Q96
A 88,92,730.00 B 88,92,770.00 C 88,92,760.00 D None of These

What is the total payment made to Creditors during the period 10/4/2013 to 20/5/2013
Q97
A 544,49,097.92 B 544,49,097.94 C 544,49,097.91 D None of These

What was the Cash Balance as on 3/4/2013

Q98
A 4,99,944.00 B 4,99,942.00 C 4,99,945.00 D None of These
What is the total payment received from Hamilton Rose Hyper Market during the period
Q99 4/4/2013 to 18/5/2013
A 37,109.00 B 2,432.00 C 0.00 D None of These

What was the Average Cash balance held during the period 22/4/2013 to 10/5/2013
Q100
A 21,03,493.62 B 21,03,493.63 C 21,03,493.65 D None of These