Accountancy Nios plus two I Welcome to your Accountancy Nios plus two I Total Questions: 50 Name Mobile No: 1. What does the computerised accounting system primarily use? Calculators and registers Typewriters Database and software Manual journals None Hint 2. What is the main purpose of classifying transactions in the ledger? To increase cash flow To verify customer details To help prepare financial statements To record payroll only None Hint 3. Which of the following is NOT a characteristic of a computer? Speed Laziness Diligence Accuracy None Hint 4. What feature of CAS allows handling changes in data volume as per business size? Reliability Accuracy Scalability Transparency None Hint 5. CAS is primarily designed to: Cook food Teach computer programming Automate and integrate business operations Record personal diary entries None Hint 6. Error of recording repairs as building expense is an example of: One-sided error Error of commission Error of omission Error of principle None Hint 7. The preparation of Profit and Loss Account and Balance Sheet is based on: Physical cash registers The user’s handwriting Data from trial balance Online videos None Hint 8. Which of the following is NOT a characteristic of a computer? Diligence Speed Accuracy Laziness None Hint 9. The ledger is also known as: Subsidiary book Principal book Journal book Cash book None Hint 10. When is a Suspense Account used in accounting? To maintain records of capital expenditures To temporarily record the difference in Trial Balance totals To calculate profits and losses To record cash transactions only None Hint 11. What are accounting errors? Errors made while preparing salary sheets Mistakes made during the accounting process Errors in typing invoices Mistakes in GST filing None Hint 12. Posting a transaction twice in the same account is an example of: Error of commission Error of omission Error of principle Compensating error None Hint 13. Which account will record income earned by the business? Nominal Account Expense Account Personal Account Real Account None Hint 14. What is the process of finding the difference between the total of debits and total of credits in a ledger account called? Closing Journalizing Balancing Posting None Hint 15. Ledger is also known as the: Trial Book Balance Book Principal Book of Accounts Expense Register None Hint 16. Which of the following accounts is not maintained in the ledger? Expense Account Memorandum Account Asset Account Capital Account None Hint 17. Which type of error affects only one side of the ledger? Two-sided error One-sided error Compensating error Error of principle None Hint 18. What is a computer primarily used for? Fast data processing Driving vehicles Physical exercise Cooking food None Hint 19. Which of the following is a cost involved in using computers? File printing cost Tax deduction Cost of installation and training Cooling costs None Hint 20. An example of a real account is: Cash Account Rent Account Ram’s Account Salary Account None Hint 21. Which of the following errors does NOT affect the Trial Balance? Overcasting the Purchases Book Recording a cash sale as a credit sale Recording repairs as building expense Posting to the wrong side of ledger None Hint 22. What is the main objective of rectifying errors before preparing final accounts? To hide fraud To ensure true and fair view of financial position To increase capital To balance the ledger None Hint 23. Why is the ledger called the ‘book of final entry’? Because it contains only cash records Because transactions are finally posted here from the journal Because transactions are recorded here first Because it is used for preparing invoices None Hint 24. One major limitation of using computers in accounting is: High fuel consumption Absence of monitor Limited screen size Decision-making capability None Hint 25. An error where an amount is wrongly posted to another account but on the correct side is called: Error of principle Error of commission Error of omission Clerical error None Hint 26. If the debit side of the Trial Balance is more than the credit side, the difference is: Debited to Suspense A/c Treated as an income Ignored Credited to Suspense A/c None Hint 27. Errors that do not affect the trial balance include: Omission of recording a transaction in the journal Totalling error in ledger Posting an amount on the wrong side Writing debit balance in credit column None Hint 28. If Sohan’s A/c is short-debited by ₹1000 and Mohan’s A/c is excess- debited by ₹1000, what kind of error is it? Clerical error Error of omission Compensating error One-sided error None Hint 29. What kind of errors are rectified through a Suspense Account? Errors of omission only Errors of principle One-sided errors Two-sided errors None Hint 30. Which of the following is an example of an accounting error? Sending an email to a customer Omitting to post a transaction to the ledger Making a profit Depositing money in a bank None Hint 31. The process of transferring entries from the journal to the ledger is called: Posting Balancing Summarizing Journalizing None Hint 32. Which of the following is NOT a component of computerised accounting software? Invoices Cooking menus Ledger Trial Balance None Hint 33. Which of the following is NOT a function of CAS? Payroll Analysis Cooking Recipes Online Input of Data Printing Vouchers None Hint 34. What is a computer primarily used for? Cooking food Driving vehicles Fast data processing Physical exercise None Hint 35. If the debit side of an account is greater than the credit side, it shows a: Zero balance Negative balance Debit balance Credit balance None Hint 36. Which of the following is an example of a two-sided error? Overcasting Sales Book Wrong carry forward of balance Amount received posted only to cash Machinery purchased recorded in Purchases Book None Hint 37. Ledger is a: Temporary record of transactions Permanent record of classified transactions Book of first entry Store of purchase bills None Hint 38. Compensating errors are errors which: Do not affect the accounts at all Affect only the credit side Are detected through invoices Cancel each other out in debit and credit None Hint 39. Rectification of accounting errors is important because: It ensures accuracy of financial statements It reduces tax liability It helps in faster data entry It increases cash in hand None Hint 40. The Arithmetic Logic Unit (ALU) is responsible for: Sending emails Performing calculations and logical comparisons Typing words Displaying pictures None Hint 41. When is a Suspense Account used in accounting? To temporarily record the difference in Trial Balance totals To maintain records of capital expenditures To record cash transactions only To calculate profits and losses None Hint 42. “Balance c/d” stands for: Balance carried down Balance capital debit Balance credit debit Balance cash down None Hint 43. Which of the following is NOT a type of ledger account? Capital Account Nominal Account Personal Account Real Account None Hint 44. Which of the following should NOT be done while correcting an error? Neatly cross out wrong entry Use initials while correcting Overwrite with correction Pass a rectifying journal entry None Hint 45. An error where a transaction is completely left out from the books is called: Compensating error Error of principle Error of commission Error of omission None Hint 46. Which of the following is a feature of the ledger? Records final results of all journal entries Is optional in accounting Does not help in preparing financial statements Records only cash transactions None Hint 47. What is the first step in computerised accounting? Drawing charts Recording transactions in vouchers Entering passwords Preparing bills manually None Hint 48. What is the primary purpose of a Ledger in accounting? To calculate tax liability To record classified and summarized data To analyze financial ratios To record initial transactions None Hint 49. The Arithmetic Logic Unit (ALU) is responsible for: Typing words Displaying pictures Performing calculations and logical comparisons Sending emails None Hint 50. What types of accounts are maintained in the ledger? Only real accounts Only nominal accounts Only personal accounts All types – assets, liabilities, capital, revenue, and expenses None Hint Time's up Share: admin Previous post Business Studies Nios plus two PQ VII September 25, 2025 Next post Accountancy Nios plus two II September 26, 2025
