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