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Re SA B43 MAS Final PB Exam - Questions, Answers &

Solutions
Accounting (Zamboanga State College of Marine Sciences and Technology)

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ReSA - THE REVIEW SCHOOL OF ACCOUNTANCY

CPA Review Batch 43  May 2022 CPALE  22 Apr 2022  8:00 – 11:00 AM

MANAGEMENT ADVISORY SERVICES FINAL PRE-BOARD EXAMINATION

INSTRUCTIONS: Select the correct answer for each of the questions. Mark only one
answer for each item by shading the box corresponding to the letter of your choice on
the answer sheet provided. STRICTLY NO ERASURES ALLOWED. Use pencil no. 2 only.

Set A

1. In capital budgeting, the cost of capital must be known ahead to compute for
B a. Payback period
b. Net present value
c. Internal rate of return
d. Accounting rate of return

Items 2 to 5 are based on the following information

CHEL-D COMPANY
Balance Sheet
December 31, 2022
Cash P 4,500 Accounts Payable P 10,000
Accounts Receivable ??? Notes Payable ???
Inventory ??? Accruals P 1,000
Total Current Assets ??? Total Current Liabilities ???
Net Fixed Assets ??? Long-Term Debt ???
Total Assets ??? Stockholder’s Equity ???
Total Liabilities & S.E. ???

Information (2022 values)

1. Sales totaled P 110,000
2. The gross profit margin was 25 percent.
3 Inventory turnover was 3.0.
4. There are 360 days in the year.
5. The average collection period was 65 days.
6. The current ratio was 2.40.
7. The total asset turnover was 1.13.
8. The debt ratio was 53.8 percent.

2. Inventory for CHEL-D in 2022 was _____________.

C a. P 36,667
b. P 32,448
c. P 27,500
d. P 9,167

3. Accounts receivable for CHEL-D in 2022 was _______________.

D a. P 14,056
b. P 14,895
c. P 18,333
d. P 19,861

4. Notes payable for CHEL-D in 2022 was ____________.

D a. P 113,466
b. P 52,372
c. P 41,372
d. P 10,609

5. Long-term debt for CHEL-D in 2022 was _______________.

B a. P 10,608
b. P 30,763
c. P 41,372
d. P 52,371

6. Immaterial unfavorable material price variances are normally

B a. Ignored
b. Added to cost of goods sold
c. Deducted from cost of goods sold
d. Deducted from operating profit before tax

7. Marginal propensity to spend + marginal propensity to save = ______

C a. 0%
b. 50%
c. 100%
d. No meaningful amount

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MANAGEMENT ADVISORY SERVICES

ReSA Batch 43 - May 2022 CPALE Batch
22 April 2022  8:00 AM to 11:00 AM MAS Final Pre-Board Exam
8. If a company has a policy of maintaining an inventory of finished goods at a
specified percentage of the next month’s budgeted sales, budgeted production for
April will exceed budgeted sales for April when budgeted
A a. May sales exceed budgeted April sales
b. April sales exceed budgeted March sales
c. April sales exceed budgeted May sales
d. March sales exceed budgeted April sales

9. Dick G. Cleaning Products manufactures home cleaning products. The company has
two divisions, Red and Cross. Because of different accounting methods and
inflation rates, the company is considering multiple evaluation measures. The
following information is provided for 2022:

Assets Income
Book Value Current Value Book Value Current Value
Red P 225,000 P 300,000 P 150,000 P 155,000
Cross 450,000 250,000 100,000 105,000
The company is currently using a required rate of return of 15 percent.

What are Red and Cross return on investment based on book values, respectively?
D a. 0.22,0.67
b. 0.42,0.52
c. 0.52,0.42
d. 0.67,0.22

10. In linear programming, the goals of management are expressed in

A a. An objective function
b. Operating policies
c. Business functions
d. Constraints

11. Luke E. Company employs a standard absorption system for product costing. The
standard cost of its product is as follows:
Direct materials P 14.50
Direct labor (2 direct labor hours x P 8) 16.00
Manufacturing overhead (2 direct labor hours x P 11) 22.00
Total standard cost P 52.50

The manufacturing overhead rate is based upon a normal activity level of 600,000
direct labor hours. Richard planned to produce 25,000 units each month during
the year. The budgeted annual manufacturing overhead is:
Variable P 3,600,000
Fixed 3,000,000
P 6,600,000

During November, Luke produced 26,000 units. Luke used 53,500 direct labor hours
in November at a cost of P 433,350. Actual manufacturing overhead for the month
was P 250,000 fixed and P 325,000 variable.

The manufacturing overhead volume variance for November is

C a. P 12,000 unfavorable
b. P 10,000 unfavorable
c. P 10,000 favorable
d. P 9,000 favorable

12. The purpose of managing current assets and current liabilities is to

D a. Achieve as low a level of current assets as possible
b. Achieve as low a level of current liabilities as possible
c. Achieve as high a level of current liabilities as possible
d. Achieve a balance between profitability and risk that contributes to
the firm’s value

13. Determine the least accurate statement.

D a. Management advisory services are not limited to CPAs.
b. NOCLAR requirements emphasize integrity over confidentiality.
c. A feasibility study is mostly based on assumptions and projections.
d. In financial management, the goal of the firm is to maximize profit.

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MANAGEMENT ADVISORY SERVICES

ReSA Batch 43 - May 2022 CPALE Batch
22 April 2022  8:00 AM to 11:00 AM MAS Final Pre-Board Exam
14. The number of variables used in simple regression analysis is:
B a. One
b. Two
c. Two or more
d. Three or more

15. Joel V. Corporation provided the following information:

Actual input 9,750 gallons
Budgeted input 8,950 gallons
Actual production 10,000 units
Budgeted production 9,500 units

What is the partial productivity ratio?

B a. 0.97 units per gallon
b. 1.03 units per gallon
c. 1.06 units per gallon
d. 1.12 units per gallon

16. Which of the following is true about budgets?

D a. Budgets are used to express only the operational plans and not the
strategic plans of a company.
b. Budgets are most useful when they are planned independent of the
company’s strategic plans.
c. Budgets do not account for nonfinancial aspects of the upcoming
period.
d. Budgets help managers to revise their plans and strategies.

17. A firm with unlimited funds must evaluate five projects. Projects 1 and 2 are
independent and Projects 3, 4, and 5 are mutually exclusive. The projects are
listed with their returns.
Project Status Return(%)
1 Independent 14
2 Independent 12
3 Mutually exclusive 10
4 Mutually exclusive 15
5 Mutually exclusive 12

A ranking of the projects on the basis of their returns from the best to the
worst according to their acceptability to the firm would be
B a. 4,1,2 or 5 and 3
b. 4,1 and 2
c. 3,2 or 5, 1 and 4
d. 4,1,5, and 3

18. Grace P. Company makes 40,000 motors to be used in the production of its sewing
machines. The average cost per motor at this level of activity is:
Direct materials P 5.50
Direct labor P 5.60
Variable factory overhead P 4.75
Fixed factory overhead P 4.45

An outside supplier recently began producing a comparable motor that could be

used in the sewing machine. The price offered to Grace Company for this motor is
P18. If Grace Company decides not to make the motors, there would be no other
use for the production facilities and total fixed factory overhead costs would
not change. If Grace Company decides to continue making the motor, how much
higher or lower would net income be than if the motors are purchased from the
outside supplier? Assume that direct labor is a variable cost in this company.
D a. P 276,000 higher
b. P 178,000 higher
c. P 92,000 lower
d. P 86,000 higher

19. The financial manager may be responsible for any of the following, except:
A a. Keeping track for quarterly tax payments
b. Analyzing quarterly budget and performance reports
c. Determining whether to accept or reject a capital asset acquisition
d. Analyzing the effects of more debt on the firm’s capital structure

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MANAGEMENT ADVISORY SERVICES

ReSA Batch 43 - May 2022 CPALE Batch
22 April 2022  8:00 AM to 11:00 AM MAS Final Pre-Board Exam
20. Find the present value of the following stream of cash flows, assuming that the
firm’s opportunity cost is 25 percent.
Year Amount
1 P 5,000
2 25,000
3 14,000
A a. P 27,168
b. P 32,500
c. P 34,000
d. P 35,200

21. The three major influences on pricing decisions are

A a. Competition, costs, and customers
b. Variable costs, fixed costs, and mixed costs
c. Competition, demand, and production efficiency
d. Continuous improvement, customer satisfaction, and a dual
internal/external focus

22. The following information pertains to JV Co.:

Sales (50,000 units) P 1,000,000
Direct materials and direct labor 300,000
Factory overhead:
Variable 40,000
Fixed 70,000
Selling and general expenses:
Variable 10,000
Fixed 60,000

How much was JV’s break-even point in number of units?

C a. 26,000
b. 18,571
c. 10,000
d. 9,848

23. In microeconomics, an increase in price causes a (an)

D a. Increase in demand due to income effect
b. Decrease in demand due to substitution effect
c. Increase in quantity demanded due to income effect
d. Decrease in quantity demanded due to substitution effect

24. The effect of discontinuing a department with a contribution to overhead of

P30,000 and allocated overhead of P 48,000, of which P 26,000 cannot be
eliminated, would be to:
C a. Increase profit by P 8,000
b. Decrease profit by P 26,000
c. Decrease profit by P 8,000
d. Decrease profit by P 22,000

25. Some firms use the payback period as a decision criterion or as a supplement to
sophisticated decision techniques, because
A a. It can be viewed as a measure of risk exposure
b. It explicitly considers the time value of money
c. It can take the place of the net present value approach
d. It is based on accounting net income determined under accrual basis

26. A firm has fixed operating costs of P 175,000, sales revenue of P 3,000,000 and
total variable costs of P 2,250,000. The firm’s degree of operating leverage is:
B a. 0.77
b. 1.30
c. 0.81
d. 4.29

27. A corporation raises P 500,000 in long-term debt to acquire additional plant

capacity. This is considered:
D a. A financing cash flow
b. An investment cash flow
c. A financing cash flow and operating cash flow, respectively
d. A financing cash flow and investment cash flow, respectively

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ReSA Batch 43 - May 2022 CPALE Batch
22 April 2022  8:00 AM to 11:00 AM MAS Final Pre-Board Exam
28. Initial cash flows and subsequent operating cash flows for a capital investment
project are sometimes referred to as
B a. Ordinary cash flows
b. Relevant cash flows
c. Necessary cash flows
d. Consistent cash flows

29. Nancy, Inc. invested in a machine with a useful life of six years and no salvage
value. The machine is expected to produce annual cash flows from operations, net
of income tax, of P 2,000. If the estimated internal rate of return is 10%, the
amount of the original investment was:
C a. P 11,280
b. P 9,000
c. P 8,710
d. P 5,640

30. An increase in the average payment period will result in (A) ___________ in the
operating cycle and (B) ____________ in the cash conversion cycle.
D a. (A) An increase (B) a decrease
b. (A) A decrease (B) a decrease
c. (A) A decrease (B) no change
d. (A) No change (B) a decrease

31. Budget slack is a condition in which

D a. Demand is low at various time of the year.
b. Managers grant favored employees extra time off.
c. Excess machine capacity exists in some areas of the plant.
d. There is an intentional overestimate of expenses or an underestimate
of revenues.

32. Panfilo Products currently sells small boats for P 360. It has costs of P 280.
A competitor is bringing a new small boat to market that will sell for P 300.
Management believes it must lower the price to P 300 to compete in the market
for small boats. Marketing believes that the new price will cause sales to
increase by 10 percent, even with a new competitor in the market. Panfilo’s sales
are currently 100,000 per year. What is the target cost if the company wants to
maintain its same income level, and marketing is correct?
B a. P 225.00
b. P 227.27
c. P 246.67
d. P 280.00

33. An increase in non-diversifiable risk

C a. Would cause an increase in beta & would lower required rate of return
b. Would cause a decrease in both beta & required rate of return
c. Would cause an increase in both beta & required rate of return
d. Would have no effect on both beta & required rate of return

34. A firm is evaluating two independent projects utilizing the internal rate of
return technique. Project A1 has an initial investment of P 80,000 and cash
inflows at the end of each of the next five years of P 25,000. Project B2 has an
initial investment of P 120,000 and cash inflows at the end of each of the next
four years of P 40,000. The firm should
C a. Accept both if their cost of capital is 15 percent at the maximum
b. Accept only B2 if their cost of capital is 15 percent at the maximum
c. Accept only A1 if their cost of capital is 15 percent at the maximum
d. Reject both if their cost of capital is 12 percent at the maximum

35. The measures in a balanced scorecard’s learning and growth perspective attempt to
report on:
A a. Three kinds of intangible resources: human capital, information, and
the alignment of incentives
b. The organization’s most important work - work in which the organization
must excel in order to successful
c. The extent to which the organization is creating and sustaining
desirable customer relationships
d. The finals results that are most important to the owners of the
organization, and the rates of improvement in those results

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MANAGEMENT ADVISORY SERVICES

ReSA Batch 43 - May 2022 CPALE Batch
22 April 2022  8:00 AM to 11:00 AM MAS Final Pre-Board Exam
Items 36 to 38 are based on the following information
Source of Capital Target Market Proportions
Long-term debt 20%
Preferred stock 10%
Common stock equity 70%
Debt: The firm can sell a 12-year, P 1,000 par value, 7 percent bond for P 960.
A flotation cost of 2 percent of the face value would be required in addition to
the discount of P 40. Tax rate is 40%.
Preferred Stock: The firm has determined it can issue preferred stock at P 75
per share par value. The stock will pay a P 10 annual dividend. The cost of
issuing and selling the stock is P 3 per share.

36. The firm’s after-tax cost of debt is

B a. 3.25 percent
b. 4.6 percent
c. 8 percent
d. 8.13 percent

37. The firm’s cost of preferred stock is

D a. 7.2 percent
b. 8.3 percent
c. 13.3 percent
d. 13.9 percent

38. Assuming that the cost of new common stock is 13.2%, what is the weighted average
cost of capital assuming all retained earnings are exhausted?
B a. 13.6 percent
b. 11.55 percent
c. 11.0 percent
d. 10.4 percent

Items 39 and 40 are based on the following information

Senado buys tennis balls at P 25 per dozen from its wholesaler. Senado will
sell 35,000 dozens of tennis balls evenly throughout the year. Senado desires
a 12% percent return on investment (cost of capital) on its inventory investment.
In addition, rent, insurance and related taxes for each dozen tennis balls in
inventory amounts to P 0.50. The cost per order is P 8. Senado uses a 350-day
year.
39. What is the average number of tennis balls does Senado maintain?
C a. 200 tennis balls
b. 400 tennis balls
c. 2,400 tennis balls
d. 4,800 tennis balls
40. How often shall Senado place the orders within a year?
A a. Every 4 days
b. Every 5 days
c. Every 6 days
d. Every week

41. In Year 3, gross profit margin remained unchanged from Year 2. But, in Year 3,
the company’s net profit margin declined from the level reached in Year 2. This
could have happened because, in Year 3,
A a. Corporate tax rates increased
b. Common share dividends increased
c. Cost of goods sold increased relative to sales
d. Sales increased at a faster rate than operating expenses

42. Activity-based management (ABM) is:

C a. A costing system in which multiple overhead cost pools are allocated
using bases that include one or more nonvolume related factors
b. A base used to allocate the cost of a resource to the different
activities using it
c. The use of information obtained from Activity-Based Costing to make
improvements in the firm
d. A base used to allocate the cost of an activity to products or customers

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ReSA Batch 43 - May 2022 CPALE Batch
22 April 2022  8:00 AM to 11:00 AM MAS Final Pre-Board Exam

43. In a Program Evaluation and Review Technique system (PERT), reducing total time
can be accomplished only by:
A a. Shortening the critical path
b. Shortening a slack path
c. Adding another shift
d. Working overtime

44. Frank D. Company uses 150,000 gallons of hydrochloric acid per month. The cost
of carrying the chemical in inventory is 50 cents per gallon per year, and the
cost of ordering the chemical is P 150 per order. The firm uses the chemical at
a constant rate throughout the year. It takes 18 days to receive an order once
it is placed. The reorder point is
C a. 7,500 gallons
b. 25,000 gallons
c. 90,000 gallons
d. 105,000 gallons

45. The conservative financing strategy results in financing all projected funds
requirements with ___________ funds and use of __________ funds in the event of
an unexpected cash outflow.
A a. Long-term; short-term
b. Short-term; long-term
c. Permanent; seasonal
d. Seasonal; permanent

46. Francis E. uses a predetermined factory overhead rate based on direct labor
hours. For the month of October, budgeted overhead was P 300,000 based on a
budgeted volume of 100,000 direct labor hours. Actual overhead amounted to
P325,000 with actual direct labor hours totaling 110,000. How much was the
overapplied or underapplied overhead?
A a. P 5,000 overapplied
b. P 5,000 underapplied
c. P 30,000 overapplied
d. P 30,000 underapplied

47. In an attempt to resolve an ethical conflict when the immediate superior is

involved, an accountant should first:
A a. Go to the next higher level of management
b. Report the problem to the SEC
c. Go to the company president
d. Resign

48. A firm is analyzing two possible capital structures: 30% and 50% debt ratios.
The firm has total assets of P 5,000,000 and common stock valued at P 50 per
share. The firm has a marginal tax rate of 40 percent on ordinary income. The
number of common shares outstanding for each of the capital structures would be
D a. 30% debt ratio: 30,000 shares and 50% debt ratio: 50,000 shares
b. 30% debt ratio: 50,000 shares and 50% debt ratio: 70,000 shares
c. 30% debt ratio: 70,000 shares and 50% debt ratio: 100,000 shares
d. 30% debt ratio: 70,000 shares and 50% debt ratio: 50,000 shares.

49. The coefficient of determination is important in explaining variances in

estimating equations. For a certain estimating equation, the unexplained
variation was given as 26,505. The total variation was given as 46,500. What was
the coefficient of determination for the equation?
B a. 0.34
b. 0.43
c. 0.57
d. 0.66

50. The amount by which the required discount rate exceeds risk-free rate is called
C a. The opportunity cost
b. The risk equivalent
c. The risk premium
d. The excess risk

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MANAGEMENT ADVISORY SERVICES

ReSA Batch 43 - May 2022 CPALE Batch
22 April 2022  8:00 AM to 11:00 AM MAS Final Pre-Board Exam

51. A firm arranges a discount loan at a 12% interest rate and borrows P 100,000 for
one year. Determine the (A) stated interest rate and (B) effective interest rate.
C a. (A) 12.00% (B) 12.00%
b. (A) 13.64% (B) 12.00%
c. (A) 12.00% (B) 13.64%
d. (A) 12.00% (B) 10.71%
52. Which is an effective fiscal or monetary policy against inflation?
B a. Lower interest rate
b. Higher consumer taxes
c. Higher government spending
d. Buy open-market securities
53. A firm has EBIT of P 375,000, interest expense of P 75,000, preferred dividends
of P 6,000 and a tax rate of 40 percent. The firm’s degree of financial leverage
at a base EBIT level of P 375,000 is __________.
B a. 0.97
b. 1.29
c. 1.27
d. 1.09
54. The ______________ uses no, or very little, safety stock.
C a. Materials requirement planning system
b. Economic order quantity system
c. Just-in-time system
d. Du Pont system

55. R. Recto Company has a beginning inventory of direct materials on March 1 of

P30,000 and an ending inventory on March 31 of P 36,000. The following additional
manufacturing cost data were available for the month of March:
Direct materials purchased P 84,000
Direct labor 60,000
Factory overhead 80,000

During March, prime cost added to production was:

B a. P 140,000
b. P 138,000
c. P 144,000
d. P 150,000

56. The organizational group that advises or performs technical functions of an

enterprise is the:
C a. Line
b. Team
c. Staff
d. Executive management
Items 57 and 58 are based on the following information
Expected Return (%)
Year Asset X Asset Y Asset Z
1 6 8 6
2 7 7 7
3 8 6 8

57. The correlation of returns between Asset X and Asset Y can be characterized as
B a. Perfectly positively correlated
b. Perfectly negatively correlated
c. Uncorrelated
d. Cannot be determined

58. If you were to create a portfolio designed to reduce risk by investing equal
proportions in each of two different assets, which portfolio would you recommend?
A a. Assets X and Y
b. Assets X and Z
c. None of the available combinations
d. Cannot be determined

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ReSA Batch 43 - May 2022 CPALE Batch
22 April 2022  8:00 AM to 11:00 AM MAS Final Pre-Board Exam
59. The quality costs that are associated with materials and products that fail to
meet quality standards and result in manufacturing losses are known as:
A a. Internal failure costs
b. External failure costs
c. Prevention cots
d. Appraisal costs

60. The following information regarding a capital project was given for
consideration:
Estimated life 10 years
Cost of capital 20%
Initial investment P 6,500
Cash inflows per year P 1,000
Straight-line depreciation P 325
What is the unadjusted accounting rate of return (ARR) of the capital project?
B a. 15.38%
b. 20.77%
c. 30.77%
d. Cannot be determined from the given information

61. Internal reports prepared under the responsibility accounting approach should
highlight:
C a. Variable cost of production
b. Fixed cost of production
c. Controllable cost
d. Conversion cost

62. Risa H. Company’s current capital structure is optimal, and the company wishes
to maintain it.
Debt 25%
Preferred equity 5%
Common equity 70%
Management plans to build a P 75,000,000 facility that will be financed according
to this desired capital structure. Currently, P 15 million of cash is available
for capital expansion. The percentage of the P 75 million that will come from a
new issue of common stock is
C a. 50.00%
b. 52.50%
c. 56.00%
d. 70.00%

63. An increase in the current asset to total asset ratio has the effects of _______
on profits and _________ on risk.
C a. An increase, an increase
b. An increase, a decrease
c. A decrease, a decrease
d. A decrease, an increase

64. Win Company is concerned about the company’s account receivable turnover ratio.
The company currently offers customers terms of 3/10, net 30. Which of the
following strategies would most likely improve the company’s accounts receivable
turnover ratio?
D a. Changing customer terms to 1/10, net 30
b. Changing customer terms to 3/20, net 30
c. Pledging the accounts receivable to a finance company
d. Entering into a factoring agreement with a finance company

65. An 80% learning curve was in effect for a certain industry. The first time the
task was performed, it required a time of 800 minutes. When the task was performed
for the eighth time, the cumulative average time per task, rounded to the nearest
minute, equaled:
D a. 6,400 minutes
b. 800 minutes
c. 512 minutes
d. 410 minutes

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ReSA Batch 43 - May 2022 CPALE Batch
22 April 2022  8:00 AM to 11:00 AM MAS Final Pre-Board Exam
66. Balanced scorecards are called “balanced” because they report both:
A a. Leading and lagging measures
b. Original costs and book values
c. Balance sheet and income statements
d. Historical costs and replacements costs

67. For 2017 through 2022, Sonny Company had annual net income of P 20,000,
depreciation of P 40,000 each year, a 40 percent tax rate, a discount rate of 10
percent and annual cash sales of P 200,000. The depreciable assets of Sonny
Company have a salvage value of zero at the end of six years and were all bought
new at the beginning of 2017. The present value factors for 10 percent are:
Year PV of P1 PV of annuity of P1
1 0.91 0.91
2 0.83 1.74
3 0.75 2.49
4 0.68 3.17
5 0.62 3.79
6 0.56 4.35

What is the present value of the tax savings from depreciation?

B a. P 59,520
b. P 69,600
c. P 104,400
d. P 174,000

Items 68 to 70 are based on the following information

Tulfo & Co buys T-shirts in bulk, applies its own trendsetting silk-screen
designs, and then sells the T-shirts to a number of retailers. Tulfo wants to be
known for its trendsetting designs, and it wants every teenager to be seen in a
distinctive Tulfo T-shirt. Tulfo presents the following data for its first two
years of operations 2021 and 2022.
2021 2022
Number of T-Shirt purchased 215,000 245,000
Number of T-Shirt discarded 15,000 20,000
Number of T-Shirt sold 200,000 225,000
Average selling price P 30.00 P 31.00
Average cost per T-Shirt P 15.00 P 13.00
Administrative capacity (number of customers) 4,500 4,250
Administrative cost P 1,633,500 P 1,593,750
Administrative cost per customer P 363 P 375
Administrative costs depend on the number of customers Tulfo has created capacity
to support, not on the actual number of customers served. Tulfo had 3,600
customers in 2021 and 3,500 customers in 2022.

68. What strategy was most likely implemented to increase the company’s operating
income?
D a. Focus
b. Market niche
c. Cost leadership
d. Product differentiation

69. In the strategic analysis to operating income, what is the revenue effect of the
price-recovery component?
B a. P 225,000 U
b. P 225,000 F
c. P 200,000 U
d. P 200,000 F

70. In the strategic analysis to operating income, the cost effect of the growth
component shall be:
B a. P 403,125 F
b. P 403,125 U
c. P 450,000 F
d. P 450,000 U

- END –

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 lOMoARcPSD|46124491

MANAGEMENT ADVISORY SERVICES

ReSA Batch 43 - May 2022 CPALE Batch
22 April 2022  8:00 AM to 11:00 AM MAS Final Pre-Board Exam

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