International Institute of Certified Accountants

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What is the total amount of cash deposited in City Bank (Lombard Street Branch) A/c in
Q1 the month of May
A 4,00,000.00 B 2,00,000.00 C 5,00,000.00 D None of These
What is the total Credit sale (Net) of Electronic Items during the period 9/4/2013 to
Q2 21/5/2013
A 38,14,578.00 B 38,14,580.00 C 38,14,576.00 D None of These
What number of ERRORS are found in JOURNAL ENTRIES posted from
Q3 TRANSACTIONS
A 2.00 B 6.00 C 4.00 D None of These

what is the minimum cash balance held during the period 8/4/2013 to 12/5/2013
Q4
A 9,99,127.00 B 9,99,129.00 C 9,99,131.00 D None of These

What was the Cash Balance as on 24/5/2013

Q5
A 36,61,931.48 B 36,61,931.49 C 36,61,931.50 D None of These

What is the total expense incurred during the period 16/4/2013 to 21/5/2013
Q6
A 6,42,852.00 B 6,42,855.00 C 6,42,856.00 D None of These
What is the total Cash Purchase (Net) of Electronic Items during the period 10/4/2013
Q7 to 30/4/2013
A 81,607.00 B 0.00 C 15,930.00 D None of These
What is the total Cash sale (Net) of Stationery Items during the period 10/4/2013 to
Q8 11/5/2013
A 29,873.00 B 29,876.00 C 29,875.00 D None of These

What is the Gross Profit Ratio as on 17/5/2013

Q9
A 0.06 B 0.05 C 0.04 D None of These
What is the total amount paid to Suppliers through Bank of London A/c (Churchil Way
Q10 Branch) as on 15/5/2013
A 123,74,455.00 B 123,74,457.00 C 123,74,458.00 D None of These
 International Institute of Certified Accountants
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What is balance payable to Pentas Computer World A/cas on 17/5/2013

Q11
A 25,015.00 B 15,721.00 C 0.00 D None of These
What is the lowest Rate at which Refrigerator (Kelvinator) 1x1 purchased during the
Q12 period 1/4/2013 to 20/5/2013
A 6,113.94 B 6,113.90 C 6,113.91 D None of These

What is the total expense of Printing & Stationery as on 13/5/2013

Q13
A 47,383.00 B 47,379.00 C 47,382.00 D None of These
What Amount of Cash was utilised for payment of Expenses during the period
Q14 18/4/2013 to 18/5/2013
A 2,96,574.00 B 2,96,575.00 C 2,96,573.00 D None of These
What is the Maximum Amount of Stock of Gum (Fevicol) 1x10x12 held in the month of
Q15 May
A 45,465.31 B 45,465.29 C 45,465.27 D None of These

What is the total collection from customers through Bank accounts as on 23/5/2013
Q16
A 34,45,110.00 B 34,45,150.00 C 34,45,140.00 D None of These

What is the total gross amount of Cash received from Adiison Lee Fancy Shop in May
Q17
A 40,000.00 B 10,000.00 C 30,000.00 D None of These
What is the total Credit Purchase (Net) of Food Items during the period 5/4/2013 to
Q18 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 Quantity of Television (Onida) 21" 1x1 returned by customers during the
Q19 period 1/4/2013 to 20/5/2013
A 40.00 B 50.00 C 10.00 D None of These

What is the total Gross Purchase of Stationery Items as on 20/5/2013

Q20
A 6,15,773.74 B 6,15,773.78 C 6,15,773.76 D None of These
 International Institute of Certified Accountants
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What is the Quantity of Happy Tomato Sauce 250gm 1x8x4x2 returned to suppliers
Q21 during the period 13/4/2013 to 10/5/2013
A 10.00 B 11.00 C 8.00 D None of These

What is the total amount payable to Creditors other than suppliers as upto 31/5/2013
Q22
A 92,66,000.00 B 92,70,000.00 C 92,69,000.00 D None of These

What is the total Net Credit Sale (Less Returns) as on 26/4/2013

Q23
A 39,14,180.00 B 39,14,170.00 C 39,14,150.00 D None of These
What is the collection from customers through Bank of London A/c (Churchil Way
Q24 Branch) during the period 13/4/2013 to 4/5/2013
A 8,69,617.00 B 8,69,618.00 C 8,69,615.00 D None of These
What is the Maximum Quantity of Stock of Gum (Fevicol) 1x10x12 held in the month
Q25 of April
A 14,402.00 B 14,398.00 C 14,401.00 D None of These

What is the total payment made to Creditors during the period 9/4/2013 to 29/5/2013
Q26
A 706,27,029.66 B 706,27,029.68 C 706,27,029.70 D None of These
What is the total amount of sales return of Electronic Items during the period 15/4/2013
Q27 to 13/5/2013
A 4,57,920.00 B 4,57,918.00 C 4,57,922.00 D None of These
What is the amount paid to Suppliers through Bank Accounts during the period
Q28 7/4/2013 to 16/5/2013
A 357,20,337.53 B 357,20,337.54 C 357,20,337.50 D None of These

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

Q29
A 46,15,638.00 B 46,15,637.00 C 46,15,634.00 D None of These
What is the total quantity (Net) of Gum (Fevicol) 1x10x12 Purchased during the period
Q30 26/4/2013 to 26/5/2013
A 3,477.00 B 3,478.00 C 3,474.00 D None of These
 International Institute of Certified Accountants
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What is the total amount collected from customers through Bank Accounts in April
Q31
A 20,95,983.00 B 20,95,985.00 C 20,95,986.00 D None of These

What was the Average Bank balance held during the period 2/4/2013 to 24/5/2013
Q32
A 1213,42,101.08 B 1213,42,101.09 C 1213,42,101.10 D None of These

What is the Minimum Amount of Stock of Refrigerator (Kelvinator) 1x1 in business

Q33
A 74,68,932.51 B 74,68,932.53 C 74,68,932.50 D None of These
What is the total Cash Out Flow (Including Cash Deposit in Bank) during the period
Q34 12/4/2013 to 14/5/2013
A 15,53,661.00 B 15,53,665.00 C 15,53,664.00 D None of These
What is the total quantity (Net) of Happy Tomato Sauce 250gm 1x8x4x2 Sold during
Q35 the period 21/4/2013 to 15/5/2013
A 655.00 B 652.00 C 656.00 D None of These

What is the Profit or Loss as on 6/5/2013

Q36
A -3,22,439.42 B -3,22,439.44 C -3,22,439.43 D None of These

What is the Minimum Quantity of Stock of Television (Onida) 21" 1x1 in business
Q37
A 1,260.00 B 1,270.00 C 1,240.00 D None of These

What is the total Cash payment made to Penmart Stationery Mall

Q38
A 60,000.00 B 50,000.00 C 30,000.00 D None of These
What is the total payment received from Debtors during the period 6/4/2013 to
Q39 16/5/2013
A 36,01,536.00 B 36,01,534.00 C 36,01,537.00 D None of These
What is the Average Daily Expense of the company during the period 12/4/2013 to
Q40 23/5/2013
A 16,049.88 B 16,049.84 C 16,049.86 D None of These
 International Institute of Certified Accountants
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What is the total expense incurred as upto 22/5/2013

Q41
A 6,93,889.00 B 6,93,887.00 C 6,93,885.00 D None of These

What is the total Net Cash Purchase (Less Returns) as on 25/4/2013

Q42
A 3,07,000.00 B 3,06,960.00 C 3,06,990.00 D None of These

What was the Total Bank balance as on 13/4/2013

Q43
A 1388,82,000.00 B 1388,86,000.00 C 1388,85,000.00 D None of These

What is the total amount receivable from Debtors as on 28/5/2013

Q44
A 18,97,528.00 B 18,97,530.00 C 18,97,529.00 D None of These
What is the total collection from customers through Bank of London A/c (Lombard
Q45 Street Branch) as on 17/5/2013
A 9,82,592.00 B 9,82,595.00 C 9,82,596.00 D None of These
What is the total Cash inflow (Including Cash Withdrawal) during the period 20/4/2013
Q46 to 27/5/2013
A 66,77,651.77 B 66,77,651.73 C 66,77,651.75 D None of These
What is the total amount collected from customers through Bank of London A/c
Q47 (Lombard Street Branch) in May
A 5,18,786.00 B 5,18,787.00 C 5,18,789.00 D None of These

What is balance receivable from Hamilton Rose Hyper Marketas on 20/5/2013

Q48
A 2,02,129.00 B 2,02,131.00 C 2,02,130.00 D None of These
What is the lowest Quantity of Television (Philips)32" 1x1 sold during the period
Q49 10/4/2013 to 23/5/2013
A 8.00 B 6.00 C 10.00 D None of These

What is the Currrent Ratio as on 26/5/2013

Q50
A 4.25 B 4.21 C 4.23 D None of These
 International Institute of Certified Accountants
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What is the total amount of cash withdrawn from City Bank (Lombard Street Branch)
Q51 A/cin the month ofApril
A 3,00,000.00 B 7,00,000.00 C 6,00,000.00 D None of These
What is the amount paid to suppliers through Bank of London A/c (Lombard Street
Q52 Branch) during the period 2/4/2013 to 23/5/2013
A 191,67,631.03 B 191,67,631.04 C 191,67,631.02 D None of These
What is the total amount of cash withdrawn from banks during the period 18/4/2013 to
Q53 15/5/2013
A 41,50,000.00 B 41,90,000.00 C 41,70,000.00 D None of These

What is the total Net Credit Purchase (Less Returns) as on 20/5/2013

Q54
A 675,36,802.48 B 675,36,802.50 C 675,36,802.46 D None of These

What is the total Cheques collected from Adiison Lee Fancy Shop in May
Q55
A 98,338.00 B 98,339.00 C 98,336.00 D None of These
What is the total value of fixed assets purchased during the period 10/4/2013 to
Q56 16/5/2013
A 77,08,000.00 B 77,07,800.00 C 77,07,900.00 D None of These

What is the total Telephone expense in the month of May

Q57
A 1,075.00 B 1,077.00 C 1,073.00 D None of These

What is the total amount paid to Suppliers through Bank accounts as on 30/4/2013
Q58
A 235,11,696.40 B 235,11,696.39 C 235,11,696.42 D None of These

How much Cash is paid to Suppliers during the Period 9/4/2013 to 13/5/2013
Q59
A 3,70,000.00 B 3,71,000.00 C 3,67,000.00 D None of These

What is the total amount payable to Suppliers as on 31/5/2013

Q60
A 178,11,433.97 B 178,11,434.00 C 178,11,433.98 D None of These
 International Institute of Certified Accountants
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What is the total amount Paid to Suppliers through Bank Accounts in May
Q61
A 264,69,415.46 B 264,69,415.48 C 264,69,415.50 D None of These

What is balance payable to Sanford Electrics Ltd as on 1/5/2013

Q62
A 17,01,118.60 B 17,01,118.63 C 17,01,118.62 D None of These

What is the total Expense Paid by cash during the period 5/4/2013 to 7/5/2013
Q63
A 2,96,456.00 B 2,96,457.00 C 2,96,453.00 D None of These
What is the Gross COST OF SALE of Television (Onida) 21" 1x1sold during the period
Q64 11/4/2013 to 17/5/2013
A 8,87,280.00 B 8,87,279.98 C 8,87,279.96 D None of These

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

Q65
A 21,85,067.00 B 21,85,068.00 C 21,85,065.00 D None of These

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

Q66
A 73,41,615.00 B 73,41,618.00 C 73,41,617.00 D None of These
What is the highest Rate at which Refrigerator (Kelvinator) 1x1 sold during the period
Q67 9/4/2013 to 22/5/2013
A 6,980.00 B 6,979.00 C 6,978.00 D None of These

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

Q68
A 641,51,419.56 B 641,51,419.53 C 641,51,419.54 D None of These
What is the total net Purchases (Less Returns) of Electronic Items during the period
Q69 13/4/2013 to 18/5/2013
A 100,19,571.39 B 100,19,571.37 C 100,19,571.38 D None of These

What is the total amount of cheque paid to Penmart Stationery Mall in April
Q70
A 17,403.60 B 17,403.62 C 17,403.58 D None of These
 International Institute of Certified Accountants
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What was the Quantity of Stock of Punching Machine (Kores) 1x4x12 as on 4/5/2013
Q71
A 13,580.00 B 13,578.00 C 13,582.00 D None of These

What is the value of Total Stock as on 4/5/2013

Q72
A 616,85,814.61 B 616,85,814.64 C 616,85,814.62 D None of These

What was the balance in City Bank (Lombard Street Branch) A/c as on 2/5/2013
Q73
A 422,50,027.87 B 422,50,027.88 C 422,50,027.86 D None of These
What was the Rate of Stock balance of Punching Machine (Kores) 1x4x12 as on
Q74 11/5/2013
A 23.34 B 23.35 C 23.36 D None of These
What is the Amount (Gross) of Television (Philips)32" 1x1 purchased during the period
Q75 18/4/2013 to 28/5/2013
A 53,82,181.71 B 53,82,181.74 C 53,82,181.72 D None of These

What is the Profit or Loss as on 16/5/2013

Q76
A -3,42,856.26 B -3,42,856.27 C -3,42,856.24 D None of These

What is the Total Amount of cash paid to customers by way of Sales Return
Q77
A 87,787.00 B 87,785.00 C 87,786.00 D None of These
What is the Average Quantity of Stock of Refrigerator (Kelvinator) 1x1 held during the
Q78 period 12/4/2013 to 11/5/2013
A 1,287.00 B 1,288.00 C 1,284.00 D None of These
What is the Average Amount of Stock of Punching Machine (Kores) 1x4x12 held
Q79 during the period 9/4/2013 to 27/5/2013
A 3,31,954.89 B 3,31,954.87 C 3,31,954.86 D None of These

What is the Total Net Sale of Food Items during the period 1/4/2013 to 10/5/2013
Q80
A 7,55,321.00 B 7,55,319.00 C 7,55,322.00 D None of These
 International Institute of Certified Accountants
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What is the total amount of Purchase return of Electronic Items during the period
Q81 8/4/2013 to 4/5/2013
A 3,92,568.38 B 3,92,568.36 C 3,92,568.39 D None of These

What is the total amount payable to Creditors as on 11/5/2013

Q82
A 566,14,581.06 B 566,14,581.05 C 566,14,581.08 D None of These
How much Cash is received (Gross) from Customers during the period 18/4/2013 to
Q83 15/5/2013
A 6,80,000.00 B 6,76,000.00 C 6,79,000.00 D None of These
What is the total net sales (Less Returns) of Electronic Items during the period
Q84 19/4/2013 to 2/5/2013
A 88,725.00 B 88,724.00 C 88,722.00 D None of These
What is the Total Net Sale of Punching Machine (Kores) 1x4x12 during the period
Q85 20/4/2013 to 24/5/2013
A 67,758.00 B 67,761.00 C 67,762.00 D None of These

What is the total value of Vehicles as on 2/5/2013

Q86
A 4,06,000.00 B 4,07,000.00 C 4,08,000.00 D None of These
What is the highest Quantity of Gum (Fevicol) 1x10x12 purchased during the period
Q87 20/4/2013 to 21/5/2013
A 2,200.00 B 1,800.00 C 2,100.00 D None of These
What is the total amount of cash deposited in banks during the period 4/4/2013 to
Q88 30/5/2013
A 10,00,000.00 B 7,00,000.00 C 11,00,000.00 D None of These

What is the Profit or Loss as on 14/4/2013

Q89
A 1,05,733.16 B 1,05,733.15 C 1,05,733.18 D None of These
what was the highest amount of cash balance held during the period 18/4/2013 to
Q90 31/5/2013
A 63,21,719.50 B 63,21,719.52 C 63,21,719.48 D None of These
 International Institute of Certified Accountants
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What was the Average Cash balance held during the period 11/4/2013 to 26/5/2013
Q91
A 24,53,451.01 B 24,53,451.00 C 24,53,451.03 D None of These
What is the total payment made to Penmark Stationery Mall during the period 1/4/2013
Q92 to 17/5/2013
A 3,38,590.74 B 3,38,590.72 C 3,38,590.70 D None of These
What is the lowest Rate at which Nido Milk Powder 500gm 1x4x2x6 sold during the
Q93 period 7/4/2013 to 18/5/2013
A 326.00 B 323.00 C 327.00 D None of These
What is the total amount paid to suppliers through City Bank (Lombard Street Branch)
Q94 A/c in April
A 41,74,525.14 B 41,74,525.12 C 41,74,525.10 D None of These
What is the highest Rate at which Stapler Pin (Camel) 1x8x6 purchased during the
Q95 period 16/4/2013 to 16/5/2013
A 5.49 B 5.52 C 5.50 D None of These
What is the lowest Quantity of Punching Machine (Kores) 1x4x12 purchased during the
Q96 period 8/4/2013 to 18/5/2013
A 866.00 B 864.00 C 868.00 D None of These

What was the Stock value of Refrigerator (Kelvinator) 1x1 as on 26/4/2013

Q97
A 81,42,087.55 B 81,42,087.51 C 81,42,087.53 D None of These
What is the total payment received from Lamson Grocery Shop during the period
Q98 4/4/2013 to 29/5/2013
A 29,50,000.00 B 29,70,000.00 C 29,90,000.00 D None of These
What is the highest Quantity of Television (Onida) 21" 1x1 sold during the period
Q99 20/4/2013 to 29/5/2013
A 35.00 B 38.00 C 37.00 D None of These
What is the collection from customers through Bank Accounts during the period
Q100 19/4/2013 to 8/5/2013
A 16,60,983.00 B 16,60,985.00 C 16,60,986.00 D None of These