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