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