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