International Institute of Certified Accountants

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What is the total expense incurred as upto 23/5/2013

Q1
A 6,94,470.00 B 6,94,460.00 C 6,94,440.00 D None of These

What is the total collection from customers through Bank accounts as on 24/5/2013
Q2
A 36,14,143.00 B 36,14,139.00 C 36,14,142.00 D None of These

What was the Cash Balance as on 28/4/2013

Q3
A 23,15,044.00 B 23,15,042.00 C 23,15,045.00 D None of These
What is the Maximum Amount of Stock of Happy Tomato Sauce 250gm 1x8x4x2 held
Q4 in the month of April
A 4,64,674.58 B 4,64,674.62 C 4,64,674.60 D None of These
What is the collection from customers through City Bank (Lombard Street Branch) A/c
Q5 during the period 13/4/2013 to 22/5/2013
A 11,92,659.00 B 11,92,662.00 C 11,92,661.00 D None of These

What is the total Net Credit Purchase (Less Returns) as on 4/5/2013

Q6
A 655,69,422.63 B 655,69,422.66 C 655,69,422.64 D None of These

What is the total Rent expense in the month of April

Q7
A 27,000.00 B 28,000.00 C 25,000.00 D None of These

What is the total amount payable to Creditors as on 2/5/2013

Q8
A 694,38,250.13 B 694,38,250.12 C 694,38,250.15 D None of These

What is the Profit or Loss as on 22/5/2013

Q9
A -2,16,335.23 B -2,16,335.26 C -2,16,335.25 D None of These

what is the minimum cash balance held during the period 2/4/2013 to 6/5/2013
Q10
A 4,99,946.00 B 4,99,942.00 C 4,99,944.00 D None of These
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What was the Average Bank balance held during the period 23/4/2013 to 23/5/2013
Q11
A 1099,16,128.76 B 1099,16,128.74 C 1099,16,128.72 D None of These

What is the Gross Profit Ratio as on 28/4/2013

Q12
A 0.03 B 0.07 C 0.04 D None of These

What is the Profit or Loss as on 21/4/2013

Q13
A 1,34,077.22 B 1,34,077.20 C 1,34,077.24 D None of These

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

Q14
A 1.98 B 1.96 C 1.95 D None of These

What is the total Gross sale of Stationery Items as on 2/5/2013

Q15
A 79,167.00 B 79,165.00 C 79,169.00 D None of These
What is the lowest Rate at which Television (Onida) 21" 1x1 sold during the period
Q16 9/4/2013 to 23/5/2013
A 8,527.00 B 8,524.00 C 8,528.00 D None of These
How much Cash is received (Gross) from Customers during the period 2/4/2013 to
Q17 26/5/2013
A 8,89,000.00 B 8,86,000.00 C 8,90,000.00 D None of These

What is balance payable to Sanford Electrics Ltd as on 10/5/2013

Q18
A 17,01,118.60 B 17,01,118.61 C 17,01,118.63 D None of These
What is the amount paid to Suppliers through Bank Accounts during the period
Q19 14/4/2013 to 1/5/2013
A 154,27,696.42 B 154,27,696.40 C 154,27,696.39 D None of These

What is the Profit or Loss as on 2/4/2013

Q20
A -19,227.00 B -19,228.00 C -19,229.00 D None of These
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What is the total amount collected from customers through Bank of London A/c
Q21 (Churchil Way Branch) in April
A 6,69,615.00 B 6,69,618.00 C 6,69,619.00 D None of These

What is the total Cash sale (Net) of Food Items during the period 2/4/2013 to 28/5/2013
Q22
A 2,36,449.00 B 2,36,448.00 C 2,36,445.00 D None of These

What is balance receivable from Lamson Grocery Shopas on 29/4/2013

Q23
A 10,10,446.00 B 10,10,443.00 C 10,10,447.00 D None of These
What is the highest Quantity of Gum (Fevicol) 1x10x12 sold during the period 6/4/2013
Q24 to 17/5/2013
A 348.00 B 349.00 C 351.00 D None of These

What was the Average Cash balance held during the period 20/4/2013 to 27/5/2013
Q25
A 26,77,133.23 B 26,77,133.24 C 26,77,133.20 D None of These
What number of ERRORS are found in JOURNAL ENTRIES posted from
Q26 TRANSACTIONS
A 3.00 B 4.00 C 6.00 D None of These
What is the total amount paid to suppliers through City Bank (Lombard Street Branch)
Q27 A/c in May
A 100,75,451.30 B 100,75,451.32 C 100,75,451.31 D None of These
What is the collection from customers through Bank Accounts during the period
Q28 8/4/2013 to 15/5/2013
A 25,95,985.00 B 25,95,987.00 C 25,95,983.00 D None of These
What is the Quantity of Lipton Brue Coffee 250gm 1x2x8 returned to suppliers during
Q29 the period 8/4/2013 to 11/5/2013
A 9.00 B 10.00 C 6.00 D None of These

What was the balance in City Bank (Lombard Street Branch) A/c as on 10/4/2013
Q30
A 478,00,000.00 B 480,00,000.00 C 479,00,000.00 D None of These
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What is the Total Amount of cash received from suppliers by way of Purchase Return
Q31
A 1,215.74 B 1,215.73 C 1,215.75 D None of These
What is the total gross amount of Cash received from Pinchin Johnson & Playfter Ltd in
Q32 May
A 40,000.00 B 20,000.00 C 50,000.00 D None of These

What is the total payment made to Creditors during the period 4/4/2013 to 22/5/2013
Q33
A 646,01,166.30 B 646,01,166.34 C 646,01,166.32 D None of These

What is the total Cash payment made to Penmark Stationery Mall

Q34
A 81,000.00 B 77,000.00 C 80,000.00 D None of These
What is the total payment received from Debtors during the period 16/4/2013 to
Q35 20/5/2013
A 36,16,781.00 B 36,16,778.00 C 36,16,780.00 D None of These

What was the Rate of Stock balance of Gum (Fevicol) 1x10x12 as on 21/4/2013
Q36
A 2.70 B 2.68 C 2.69 D None of These
What is the Quantity of Happy Tomato Sauce 250gm 1x8x4x2 returned by customers
Q37 during the period 15/4/2013 to 24/5/2013
A 15.00 B 17.00 C 13.00 D None of These

What is the total Cheques collected from Brinxton Hyper Mall in May
Q38
A 1,50,244.00 B 1,50,247.00 C 1,50,248.00 D None of These
What is the lowest Quantity of Television (Philips)32" 1x1 sold during the period
Q39 3/4/2013 to 23/5/2013
A 10.00 B 7.00 C 8.00 D None of These
What is the highest Quantity of Happy Tomato Sauce 250gm 1x8x4x2 purchased
Q40 during the period 7/4/2013 to 22/5/2013
A 384.00 B 386.00 C 388.00 D None of These
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What is the lowest Quantity of Television (Onida) 21" 1x1 purchased during the period
Q41 6/4/2013 to 15/5/2013
A 17.00 B 15.00 C 16.00 D None of These
What is the Total Net Sale of Stapler Pin (Camel) 1x8x6 during the period 15/4/2013 to
Q42 15/5/2013
A 11,995.00 B 11,999.00 C 11,997.00 D None of These

What is balance payable to Eicher Machineries Ltd A/cas on 16/5/2013

Q43
A 70,00,000.00 B 30,00,000.00 C 60,00,000.00 D None of These
What is the highest Rate at which Gum (Fevicol) 1x10x12 purchased during the period
Q44 17/4/2013 to 19/5/2013
A 2.84 B 2.88 C 2.86 D None of These

What is the total Net Cash Sale (Less Returns) as on 30/5/2013

Q45
A 21,85,067.00 B 21,85,065.00 C 21,85,069.00 D None of These
What is the Average Quantity of Stock of Refrigerator (Kelvinator) 1x1 held during the
Q46 period 3/4/2013 to 9/5/2013
A 1,255.00 B 1,258.00 C 1,257.00 D None of These
What is the total amount of cash deposited in Bank of London A/c (Churchil Way
Q47 Branch) in the month of April
A 498,00,000.00 B 496,00,000.00 C 500,00,000.00 D None of These
What is the total amount of Purchase return of Food Items during the period 3/4/2013 to
Q48 4/5/2013
A 3,668.34 B 3,668.33 C 3,668.35 D None of These

What is the Total Net Sale of Electronic Items during the period 15/4/2013 to 11/5/2013
Q49
A 16,81,451.00 B 16,81,455.00 C 16,81,454.00 D None of These

What is the total value of Computer as on 3/5/2013

Q50
A 24,000.00 B 25,000.00 C 26,000.00 D None of These
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What is the total amount of sales return of Stationery Items during the period 12/4/2013
Q51 to 27/5/2013
A 300.00 B 700.00 C 600.00 D None of These

What is the total Expense Paid by cash during the period 9/4/2013 to 16/5/2013
Q52
A 2,96,601.00 B 2,96,599.00 C 2,96,597.00 D None of These
What is the total amount of cash deposited in banks during the period 13/4/2013 to
Q53 27/5/2013
A 6,50,000.00 B 6,80,000.00 C 6,90,000.00 D None of These

What was the Total Bank balance as on 30/5/2013

Q54
A 757,35,538.32 B 757,35,538.30 C 757,35,538.34 D None of These
What is the Maximum Quantity of Stock of Gum (Fevicol) 1x10x12 held in the month
Q55 of April
A 14,401.00 B 14,400.00 C 14,398.00 D None of These
What is the total Cash inflow (Including Cash Withdrawal) during the period 11/4/2013
Q56 to 9/5/2013
A 23,98,052.00 B 23,98,053.00 C 23,98,049.00 D None of These

What is the total amount collected from customers through Bank Accounts in April
Q57
A 20,95,983.00 B 20,95,986.00 C 20,95,987.00 D None of These

What is the total amount receivable from Debtors as on 23/4/2013

Q58
A 21,70,965.00 B 21,70,968.00 C 21,70,969.00 D None of These

What is the total Purchase (Less Returns) as on 1/5/2013

Q59
A 641,51,419.52 B 641,51,419.56 C 641,51,419.54 D None of These
What is the amount paid to suppliers through Bank of London A/c (Lombard Street
Q60 Branch) during the period 5/4/2013 to 7/5/2013
A 111,51,767.67 B 111,51,767.66 C 111,51,767.68 D None of These
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What is the highest Rate at which Stapler Pin (Camel) 1x8x6 sold during the period
Q61 3/4/2013 to 27/5/2013
A 9.00 B 11.00 C 13.00 D None of These
What is the total Credit sale (Net) of Electronic Items during the period 1/4/2013 to
Q62 29/5/2013
A 56,44,570.00 B 56,44,568.00 C 56,44,566.00 D None of These

What is the total expense of Food & Refreshment as on 30/5/2013

Q63
A 650.00 B 690.00 C 680.00 D None of These
What is the total net sales (Less Returns) of Food Items during the period 1/4/2013 to
Q64 28/5/2013
A 11,86,165.00 B 11,86,162.00 C 11,86,164.00 D None of These
What is the total Cash Out Flow (Including Cash Deposit in Bank) during the period
Q65 20/4/2013 to 25/5/2013
A 52,43,028.00 B 52,43,025.00 C 52,43,029.00 D None of These
What is the total payment made to Penmark Stationery Mall during the period 7/4/2013
Q66 to 30/5/2013
A 3,54,454.07 B 3,54,454.10 C 3,54,454.08 D None of These
What is the Minimum Amount of Stock of Refrigerator (Kelvinator) 1x1 held in the
Q67 month of April
A 74,68,932.53 B 74,68,932.51 C 74,68,932.50 D None of These
What is the Average Daily Expense of the company during the period 15/4/2013 to
Q68 8/5/2013
A 26,607.65 B 26,607.67 C 26,607.69 D None of These

What was the Quantity of Stock of Lipton Brue Coffee 250gm 1x2x8 as on 15/5/2013
Q69
A 5,547.00 B 5,550.00 C 5,551.00 D None of These

What is the total amount payable to Creditors other than suppliers as upto 22/4/2013
Q70
A 230,42,226.00 B 230,42,223.00 C 230,42,227.00 D None of These
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What was the Stock value of Punching Machine (Kores) 1x4x12 as on 7/5/2013
Q71
A 3,35,431.11 B 3,35,431.12 C 3,35,431.08 D None of These
What is the total quantity (Net) of Nido Milk Powder 500gm 1x4x2x6 Purchased during
Q72 the period 28/4/2013 to 18/5/2013
A 530.00 B 529.00 C 528.00 D None of These
what was the highest amount of cash balance held during the period 5/4/2013 to
Q73 12/5/2013
A 24,37,607.00 B 24,37,608.00 C 24,37,604.00 D None of These

What is the total amount of cheque paid to Yorkshare Food Products Ltd in May
Q74
A 1,89,050.38 B 1,89,050.40 C 1,89,050.39 D None of These
What is the total collection from customers through Bank of London A/c (Lombard
Q75 Street Branch) as on 29/4/2013
A 7,82,595.00 B 7,82,592.00 C 7,82,596.00 D None of These

How much Cash is paid to Suppliers during the Period 1/4/2013 to 31/5/2013
Q76
A 5,01,000.00 B 5,00,000.00 C 4,97,000.00 D None of These
What is the Average Amount of Stock of Gum (Fevicol) 1x10x12 held during the period
Q77 10/4/2013 to 31/5/2013
A 38,569.79 B 38,569.81 C 38,569.77 D None of These

What is the total Gross Purchase of Electronic Items as on 23/5/2013

Q78
A 685,02,267.83 B 685,02,267.84 C 685,02,267.86 D None of These
What is the total payment received from Brinxton Hyper Mall during the period
Q79 5/4/2013 to 25/5/2013
A 4,94,050.00 B 4,94,060.00 C 4,94,040.00 D None of These
What is the lowest Rate at which Refrigerator (Kelvinator) 1x1 purchased during the
Q80 period 16/4/2013 to 22/5/2013
A 6,010.72 B 6,010.70 C 6,010.71 D None of These
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What is the total Net Cash Purchase (Less Returns) as on 18/5/2013

Q81
A 42,16,627.50 B 42,16,627.48 C 42,16,627.52 D None of These
What is the total Cash Purchase (Net) of Stationery Items during the period 3/4/2013 to
Q82 25/4/2013
A 1,01,560.00 B 1,01,550.00 C 1,01,520.00 D None of These
What is the total amount of cash withdrawn from Bank of London A/c (Lombard Street
Q83 Branch) in the month ofApril
A 10,00,000.00 B 6,00,000.00 C 9,00,000.00 D None of These
What is the total quantity (Net) of Punching Machine (Kores) 1x4x12 Sold during the
Q84 period 15/4/2013 to 16/5/2013
A 1,433.00 B 1,436.00 C 1,437.00 D None of These
What is the total net Purchases (Less Returns) of Food Items during the period 6/4/2013
Q85 to 26/5/2013
A 10,42,359.76 B 10,42,359.75 C 10,42,359.73 D None of These
What is the total value of fixed assets purchased during the period 14/4/2013 to
Q86 26/5/2013
A 76,58,600.00 B 76,58,900.00 C 76,58,800.00 D None of These
What is the Amount (Gross) of Refrigerator (Kelvinator) 1x1 purchased during the
Q87 period 16/4/2013 to 31/5/2013
A 21,81,150.91 B 21,81,150.90 C 21,81,150.93 D None of These
What is the total Credit Purchase (Net) of Food Items during the period 5/4/2013 to
Q88 27/5/2013
A 7,79,590.72 B 7,79,590.76 C 7,79,590.74 D None of These
What is the Gross COST OF SALE of Nido Milk Powder 500gm 1x4x2x6sold during
Q89 the period 3/4/2013 to 23/5/2013
A 4,44,564.50 B 4,44,564.54 C 4,44,564.52 D None of These
What is the total amount paid to Suppliers through Bank of London A/c (Churchil Way
Q90 Branch) as on 9/5/2013
A 81,85,403.60 B 81,85,403.59 C 81,85,403.58 D None of These
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What is the total amount payable to Suppliers as on 31/5/2013

Q91
A 178,11,434.00 B 178,11,433.96 C 178,11,433.98 D None of These
What Amount of Cash was utilised for payment of Expenses during the period 8/4/2013
Q92 to 9/5/2013
A 2,96,493.00 B 2,96,496.00 C 2,96,497.00 D None of These

What is the total Sale (Less Returns) as on 22/5/2013

Q93
A 80,13,845.00 B 80,13,846.00 C 80,13,847.00 D None of These

What is the total amount Paid to Suppliers through Bank Accounts in April
Q94
A 235,11,696.39 B 235,11,696.41 C 235,11,696.38 D None of These

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

Q95
A 46,56,694.00 B 46,56,697.00 C 46,56,698.00 D None of These

What is the total expense incurred during the period 10/4/2013 to 22/5/2013
Q96
A 6,73,739.00 B 6,73,743.00 C 6,73,742.00 D None of These
What is the total amount of cash withdrawn from banks during the period 6/4/2013 to
Q97 22/5/2013
A 50,50,000.00 B 50,90,000.00 C 50,80,000.00 D None of These

What is the total amount paid to Suppliers through Bank accounts as on 23/5/2013
Q98
A 439,27,319.70 B 439,27,319.68 C 439,27,319.66 D None of These
What is the Minimum Quantity of Stock of Television (Onida) 21" 1x1 held in the
Q99 month of April
A 1,240.00 B 1,270.00 C 1,260.00 D None of These

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

Q100
A 577,24,689.84 B 577,24,689.86 C 577,24,689.88 D None of These