International Institute of Certified Accountants

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What is the total expense incurred as upto 15/5/2013

Q1
A 6,83,715.00 B 6,83,714.00 C 6,83,711.00 D None of These
What is the total quantity (Net) of Stapler Pin (Camel) 1x8x6 Purchased during the
Q2 period 16/4/2013 to 15/5/2013
A 5,980.00 B 5,970.00 C 5,960.00 D None of These
What number of ERRORS are found in JOURNAL ENTRIES posted from
Q3 TRANSACTIONS
A 6.00 B 5.00 C 2.00 D None of These
What Amount of Cash was utilised for payment of Expenses during the period
Q4 12/4/2013 to 19/5/2013
A 2,99,854.00 B 2,99,853.00 C 2,99,855.00 D None of These
What is the lowest Quantity of Television (Philips)32" 1x1 sold during the period
Q5 14/4/2013 to 28/5/2013
A 9.00 B 6.00 C 10.00 D None of These
What is the total net sales (Less Returns) of Electronic Items during the period
Q6 15/4/2013 to 28/5/2013
A 47,33,806.00 B 47,33,804.00 C 47,33,807.00 D None of These

What is the total expense of Petrol & Diesel as on 31/5/2013

Q7
A 2,035.00 B 2,038.00 C 2,037.00 D None of These
What is the total amount collected from customers through City Bank (Lombard Street
Q8 Branch) A/c in April
A 6,43,780.00 B 6,43,779.00 C 6,43,776.00 D None of These

What is the total Net Cash Sale (Less Returns) as on 29/4/2013

Q9
A 7,20,996.00 B 7,20,994.00 C 7,20,997.00 D None of These
What is the Quantity of Happy Tomato Sauce 250gm 1x8x4x2 returned by customers
Q10 during the period 11/4/2013 to 27/5/2013
A 21.00 B 19.00 C 22.00 D None of These
International Institute of Certified Accountants
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What is the total amount paid to Suppliers through Bank accounts as on 27/5/2013
Q11
A 439,27,319.70 B 439,27,319.67 C 439,27,319.68 D None of These
What is the total Credit Purchase (Net) of Stationery Items during the period 4/4/2013
Q12 to 23/5/2013
A 5,63,411.16 B 5,63,411.12 C 5,63,411.14 D None of These

What is the total payment made to Creditors during the period 18/4/2013 to 20/5/2013
Q13
A 480,97,097.91 B 480,97,097.90 C 480,97,097.92 D None of These

What is the Quick Ratio as on 1/5/2013

Q14
A 2.00 B 2.02 C 2.01 D None of These
What is the amount paid to suppliers through City Bank (Lombard Street Branch) A/c
Q15 during the period 6/4/2013 to 18/5/2013
A 121,94,115.82 B 121,94,115.84 C 121,94,115.86 D None of These
What is the total collection from customers through Bank of London A/c (Churchil
Q16 Way Branch) as on 1/5/2013
A 8,69,615.00 B 8,69,618.00 C 8,69,617.00 D None of These

What is the total amount of cheque paid to Penmart Stationery Mall in April
Q17
A 17,403.60 B 17,403.58 C 17,403.62 D None of These

What was the Rate of Stock balance of Television (Philips)32" 1x1 as on 28/4/2013
Q18
A 28,092.40 B 28,092.44 C 28,092.42 D None of These
What is the Average Daily Expense of the company during the period 15/4/2013 to
Q19 29/5/2013
A 14,443.09 B 14,443.10 C 14,443.11 D None of These

What is the total Expense Paid by cash during the period 4/4/2013 to 17/5/2013
Q20
A 2,97,466.00 B 2,97,470.00 C 2,97,469.00 D None of These
International Institute of Certified Accountants
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What is the Average Quantity of Stock of Lipton Brue Coffee 250gm 1x2x8 held during
Q21 the period 20/4/2013 to 31/5/2013
A 5,426.00 B 5,425.00 C 5,424.00 D None of These

What was the balance in City Bank (Lombard Street Branch) A/c as on 1/5/2013
Q22
A 422,50,027.90 B 422,50,027.86 C 422,50,027.89 D None of These
What is the amount paid to Suppliers through Bank Accounts during the period
Q23 8/4/2013 to 11/5/2013
A 315,11,696.42 B 315,11,696.38 C 315,11,696.40 D None of These
What is the highest Rate at which Television (Philips)32" 1x1 sold during the period
Q24 2/4/2013 to 16/5/2013
A 29,897.00 B 29,901.00 C 29,900.00 D None of These
What is the total amount paid to suppliers through City Bank (Lombard Street Branch)
Q25 A/c in April
A 41,74,525.13 B 41,74,525.11 C 41,74,525.14 D None of These
What is the total amount of cash deposited in Bank of London A/c (Lombard Street
Q26 Branch) in the month of May
A 1,80,000.00 B 1,90,000.00 C 1,50,000.00 D None of These
What is the total amount paid to Suppliers through City Bank (Lombard Street Branch)
Q27 A/c as on 10/5/2013
A 81,74,525.11 B 81,74,525.14 C 81,74,525.12 D None of These

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

Q28
A 1,09,169.28 B 1,09,169.26 C 1,09,169.25 D None of These
What is the Average Amount of Stock of Happy Tomato Sauce 250gm 1x8x4x2 held
Q29 during the period 1/4/2013 to 29/5/2013
A 4,36,230.38 B 4,36,230.40 C 4,36,230.36 D None of These
What is the Minimum Amount of Stock of Nido Milk Powder 500gm 1x4x2x6 held in
Q30 the month of April
A 14,46,915.51 B 14,46,915.49 C 14,46,915.50 D None of These
International Institute of Certified Accountants
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What is the total Cash sale (Net) of Food Items during the period 18/4/2013 to
Q31 28/5/2013
A 2,36,448.00 B 2,36,449.00 C 2,36,445.00 D None of These

What is the total Purchase (Less Returns) as on 16/5/2013

Q32
A 715,18,141.47 B 715,18,141.49 C 715,18,141.51 D None of These
What is the highest Quantity of Television (Philips)32" 1x1 sold during the period
Q33 18/4/2013 to 20/5/2013
A 49.00 B 48.00 C 45.00 D None of These
What is the lowest Rate at which Television (Onida) 21" 1x1 purchased during the
Q34 period 3/4/2013 to 30/5/2013
A 8,200.00 B 8,600.00 C 8,500.00 D None of These
What is the Amount (Gross) of Happy Tomato Sauce 250gm 1x8x4x2 purchased during
Q35 the period 17/4/2013 to 22/5/2013
A 93,820.16 B 93,820.18 C 93,820.14 D None of These

What is the total amount payable to Suppliers as on 28/5/2013

Q36
A 198,75,226.16 B 198,75,226.18 C 198,75,226.17 D None of These
How much Cash is received (Gross) from Customers during the period 13/4/2013 to
Q37 23/5/2013
A 8,86,000.00 B 8,89,000.00 C 8,90,000.00 D None of These
What is the total Credit sale (Net) of Stationery Items during the period 14/4/2013 to
Q38 25/5/2013
A 73,624.00 B 73,621.00 C 73,625.00 D None of These

What is the total Gross sale of Electronic Items as on 21/4/2013

Q39
A 37,33,897.00 B 37,33,893.00 C 37,33,896.00 D None of These
What is the total amount of sales return of Electronic Items during the period 16/4/2013
Q40 to 29/5/2013
A 6,46,292.00 B 6,46,289.00 C 6,46,291.00 D None of These
International Institute of Certified Accountants
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What is the Total Net Sale of Happy Tomato Sauce 250gm 1x8x4x2 during the period
Q41 9/4/2013 to 10/5/2013
A 1,22,893.00 B 1,22,892.00 C 1,22,889.00 D None of These

What is the total Net Credit Sale (Less Returns) as on 16/5/2013

Q42
A 52,44,100.00 B 52,44,099.00 C 52,44,096.00 D None of These

What is the total collection from customers through Bank accounts as on 28/5/2013
Q43
A 39,14,142.00 B 39,14,139.00 C 39,14,143.00 D None of These

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

Q44
A 1,66,196.86 B 1,66,196.87 C 1,66,196.89 D None of These

What is the total value of Furniture as on 12/5/2013

Q45
A 2,600.00 B 2,900.00 C 3,000.00 D None of These

What is the total amount receivable from Debtors as on 21/4/2013

Q46
A 23,70,969.00 B 23,70,967.00 C 23,70,965.00 D None of These
What is the Minimum Quantity of Stock of Gum (Fevicol) 1x10x12 held in the month of
Q47 April
A 9,736.00 B 9,737.00 C 9,733.00 D None of These

What is the total amount payable to Creditors other than suppliers as upto 14/5/2013
Q48
A 214,30,489.00 B 214,30,490.00 C 214,30,491.00 D None of These

What is the total Sale (Less Returns) as on 20/5/2013

Q49
A 80,33,330.00 B 80,33,360.00 C 80,33,350.00 D None of These
What is the total payment made to Lincroft Electronics Ltd during the period 5/4/2013
Q50 to 30/5/2013
A 446,00,000.00 B 444,00,000.00 C 447,00,000.00 D None of These
International Institute of Certified Accountants
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What is the Total Amount of cash received from suppliers by way of Purchase Return
Q51
A 1,215.77 B 1,215.75 C 1,215.74 D None of These

What is the Debt-Equity Ratio as on 28/4/2013

Q52
A 0.45 B 0.42 C 0.43 D None of These

What is the value of Total Stock as on 12/5/2013

Q53
A 616,59,447.64 B 616,59,447.63 C 616,59,447.60 D None of These
what was the highest amount of cash balance held during the period 9/4/2013 to
Q54 23/5/2013
A 63,21,719.50 B 63,21,719.48 C 63,21,719.52 D None of These

What was the Stock value of Television (Philips)32" 1x1 as on 28/4/2013

Q55
A 371,94,368.85 B 371,94,368.83 C 371,94,368.81 D None of These

What is balance receivable from Pinchin Johnson & Playfter Ltdas on 24/5/2013
Q56
A 1,08,528.00 B 1,08,529.00 C 1,08,525.00 D None of These

What is the Total Net Sale of Stationery Items during the period 11/4/2013 to 23/5/2013
Q57
A 1,11,932.00 B 1,11,928.00 C 1,11,930.00 D None of These
What is the total amount of cash deposited in banks during the period 20/4/2013 to
Q58 31/5/2013
A 5,00,000.00 B 8,00,000.00 C 7,00,000.00 D None of These
What is the total Cash Purchase (Net) of Food Items during the period 9/4/2013 to
Q59 26/4/2013
A 2,05,470.00 B 2,05,440.00 C 2,05,480.00 D None of These

What is the total Salary expense in the month of May

Q60
A 4,87,000.00 B 4,88,000.00 C 4,85,000.00 D None of These
International Institute of Certified Accountants
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What was the Cash Balance as on 1/5/2013

Q61
A 19,26,590.00 B 19,26,550.00 C 19,26,570.00 D None of These
What is the total quantity (Net) of Nido Milk Powder 500gm 1x4x2x6 Sold during the
Q62 period 17/4/2013 to 27/5/2013
A 1,310.00 B 1,330.00 C 1,340.00 D None of These

What is the total amount payable to Creditors as on 30/5/2013

Q63
A 291,41,226.18 B 291,41,226.17 C 291,41,226.20 D None of These

what is the minimum cash balance held during the period 13/4/2013 to 7/5/2013
Q64
A 10,93,020.00 B 10,93,050.00 C 10,93,060.00 D None of These

What was the Average Cash balance held during the period 21/4/2013 to 22/5/2013
Q65
A 25,40,094.22 B 25,40,094.19 C 25,40,094.20 D None of These
What was the Quantity of Stock of Happy Tomato Sauce 250gm 1x8x4x2 as on
Q66 10/5/2013
A 5,179.00 B 5,178.00 C 5,177.00 D None of These

What is the total gross amount of Cash received from Adiison Lee Fancy Shop in April
Q67
A 79,000.00 B 78,000.00 C 76,000.00 D None of These

What is the total amount collected from customers through Bank Accounts in May
Q68
A 27,15,545.00 B 27,15,544.00 C 27,15,541.00 D None of These

What is the total Cheques collected from Lamson Grocery Shop in April
Q69
A 40,00,000.00 B 50,00,000.00 C 30,00,000.00 D None of These
What is the total value of fixed assets purchased during the period 6/4/2013 to
Q70 18/5/2013
A 237,08,000.00 B 237,07,900.00 C 237,07,600.00 D None of These
International Institute of Certified Accountants
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What was the Average Bank balance held during the period 17/4/2013 to 26/5/2013
Q71
A 1107,33,910.86 B 1107,33,910.87 C 1107,33,910.85 D None of These
What is the Gross COST OF SALE of Stapler Pin (Camel) 1x8x6sold during the period
Q72 10/4/2013 to 29/5/2013
A 18,496.13 B 18,496.10 C 18,496.12 D None of These
What is the total Cash Out Flow (Including Cash Deposit in Bank) during the period
Q73 10/4/2013 to 7/5/2013
A 15,13,001.00 B 15,13,000.00 C 15,12,997.00 D None of These

What is balance payable to Vibgyor Multi Color Printers A/cas on 17/5/2013

Q74
A 24,710.00 B 63,108.00 C 43,699.00 D None of These
What is the total payment received from Debtors during the period 16/4/2013 to
Q75 25/5/2013
A 41,55,141.00 B 41,55,139.00 C 41,55,142.00 D None of These
What is the Maximum Quantity of Stock of Stapler Pin (Camel) 1x8x6 held in the
Q76 month of April
A 15,192.00 B 15,193.00 C 15,189.00 D None of These

What is the total Gross Purchase of Food Items as on 27/4/2013

Q77
A 35,27,960.47 B 35,27,960.46 C 35,27,960.48 D None of These
What is the Quantity of Gum (Fevicol) 1x10x12 returned to suppliers during the period
Q78 9/4/2013 to 23/5/2013
A 14.00 B 11.00 C 13.00 D None of These

What is the total amount Paid to Suppliers through Bank Accounts in April
Q79
A 235,11,696.40 B 235,11,696.42 C 235,11,696.39 D None of These
What is the collection from customers through Bank of London A/c (Churchil Way
Q80 Branch) during the period 20/4/2013 to 11/5/2013
A 4,79,615.00 B 4,79,617.00 C 4,79,618.00 D None of These
International Institute of Certified Accountants
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What is the lowest Quantity of Refrigerator (Kelvinator) 1x1 purchased during the
Q81 period 6/4/2013 to 30/5/2013
A 43.00 B 39.00 C 42.00 D None of These
What is the total amount of cash withdrawn from Bank of London A/c (Lombard Street
Q82 Branch) in the month ofApril
A 6,00,000.00 B 9,00,000.00 C 8,00,000.00 D None of These

How much Cash is paid to Suppliers during the Period 4/4/2013 to 16/5/2013
Q83
A 4,79,000.00 B 4,77,000.00 C 4,81,000.00 D None of These

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

Q84
A -2,16,335.26 B -2,16,335.25 C -2,16,335.22 D None of These
What is the lowest Rate at which Refrigerator (Kelvinator) 1x1 sold during the period
Q85 20/4/2013 to 28/5/2013
A 6,534.00 B 6,535.00 C 6,532.00 D None of These
What is the highest Quantity of Refrigerator (Kelvinator) 1x1 purchased during the
Q86 period 10/4/2013 to 15/5/2013
A 79.00 B 82.00 C 81.00 D None of These
What is the total Cash inflow (Including Cash Withdrawal) during the period 6/4/2013
Q87 to 19/5/2013
A 84,59,964.49 B 84,59,964.50 C 84,59,964.48 D None of These
What is the Maximum Amount of Stock of Lipton Brue Coffee 250gm 1x2x8 in
Q88 business
A 11,35,420.77 B 11,35,420.78 C 11,35,420.76 D None of These
What is the collection from customers through Bank Accounts during the period
Q89 6/4/2013 to 4/5/2013
A 22,95,986.00 B 22,95,983.00 C 22,95,985.00 D None of These
What is the total amount of cash withdrawn from banks during the period 1/4/2013 to
Q90 23/5/2013
A 55,80,000.00 B 55,90,000.00 C 55,50,000.00 D None of These
International Institute of Certified Accountants
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What is the total amount of Purchase return of Food Items during the period 4/4/2013 to
Q91 6/5/2013
A 3,668.37 B 3,668.36 C 3,668.33 D None of These

What was the Total Bank balance as on 26/5/2013

Q92
A 797,05,538.33 B 797,05,538.31 C 797,05,538.30 D None of These
What is the total net Purchases (Less Returns) of Stationery Items during the period
Q93 18/4/2013 to 14/5/2013
A 1,25,253.95 B 1,25,253.93 C 1,25,253.92 D None of These

What is the total expense incurred during the period 4/4/2013 to 22/5/2013
Q94
A 6,74,607.00 B 6,74,606.00 C 6,74,605.00 D None of These

What is the total Cash payment made to Lincroft Electronics Ltd

Q95
A 6,00,000.00 B 7,00,000.00 C 4,00,000.00 D None of These

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

Q96
A 684,92,265.00 B 684,92,265.03 C 684,92,265.01 D None of These
What is the highest Rate at which Lipton Brue Coffee 250gm 1x2x8 purchased during
Q97 the period 13/4/2013 to 27/5/2013
A 207.55 B 207.59 C 207.57 D None of These

What is the total Net Cash Purchase (Less Returns) as on 20/4/2013

Q98
A 2,50,238.00 B 2,50,240.00 C 2,50,239.00 D None of These
What is the total payment received from Traford Super Market during the period
Q99 9/4/2013 to 30/5/2013
A 3,37,840.00 B 3,37,838.00 C 3,37,839.00 D None of These

What is balance payable to Sanford Electrics Ltd as on 16/5/2013

Q100
A 17,01,118.59 B 17,01,118.63 C 17,01,118.61 D None of These