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