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 NOT a characteristic of a computer? Diligence Laziness Speed Accuracy None Hint 2. Which of the following is a feature of the ledger? Is optional in accounting Records final results of all journal entries Records only cash transactions Does not help in preparing financial statements None Hint 3. One major limitation of using computers in accounting is: Absence of monitor High fuel consumption Limited screen size Decision-making capability None Hint 4. Which of the following is NOT a component of computerised accounting software? Trial Balance Invoices Ledger Cooking menus None Hint 5. The ledger is also known as: Principal book Cash book Journal book Subsidiary book None Hint 6. What is the main purpose of classifying transactions in the ledger? To record payroll only To verify customer details To help prepare financial statements To increase cash flow None Hint 7. Ledger is a: Book of first entry Permanent record of classified transactions Store of purchase bills Temporary record of transactions None Hint 8. Errors that do not affect the trial balance include: Writing debit balance in credit column Omission of recording a transaction in the journal Totalling error in ledger Posting an amount on the wrong side None Hint 9. CAS is primarily designed to: Cook food Teach computer programming Automate and integrate business operations Record personal diary entries None Hint 10. What are accounting errors? Errors made while preparing salary sheets Errors in typing invoices Mistakes in GST filing Mistakes made during the accounting process None Hint 11. Which of the following is a cost involved in using computers? Cooling costs File printing cost Tax deduction Cost of installation and training None Hint 12. 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 13. Which of the following is NOT a characteristic of a computer? Diligence Accuracy Speed Laziness None Hint 14. What is a computer primarily used for? Fast data processing Cooking food Driving vehicles Physical exercise None Hint 15. What is a computer primarily used for? Driving vehicles Fast data processing Cooking food Physical exercise None Hint 16. The Arithmetic Logic Unit (ALU) is responsible for: Typing words Performing calculations and logical comparisons Sending emails Displaying pictures None Hint 17. 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 Clerical error Compensating error None Hint 18. What kind of errors are rectified through a Suspense Account? Errors of principle Two-sided errors One-sided errors Errors of omission only None Hint 19. 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 20. What is the first step in computerised accounting? Preparing bills manually Entering passwords Drawing charts Recording transactions in vouchers None Hint 21. Which account will record income earned by the business? Nominal Account Personal Account Expense Account Real Account None Hint 22. An example of a real account is: Salary Account Ram’s Account Cash Account Rent Account None Hint 23. If the debit side of an account is greater than the credit side, it shows a: Debit balance Negative balance Zero balance Credit balance None Hint 24. Compensating errors are errors which: Do not affect the accounts at all Are detected through invoices Affect only the credit side Cancel each other out in debit and credit None Hint 25. Which of the following is NOT a type of ledger account? Real Account Personal Account Nominal Account Capital Account None Hint 26. Rectification of accounting errors is important because: It increases cash in hand It reduces tax liability It helps in faster data entry It ensures accuracy of financial statements None Hint 27. What types of accounts are maintained in the ledger? Only personal accounts Only nominal accounts All types – assets, liabilities, capital, revenue, and expenses Only real accounts None Hint 28. The preparation of Profit and Loss Account and Balance Sheet is based on: Physical cash registers Data from trial balance The user’s handwriting Online videos None Hint 29. What is the main objective of rectifying errors before preparing final accounts? To increase capital To ensure true and fair view of financial position To hide fraud To balance the ledger None Hint 30. 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 31. 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 32. Which of the following is NOT a function of CAS? Online Input of Data Payroll Analysis Cooking Recipes Printing Vouchers None Hint 33. 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 34. Posting a transaction twice in the same account is an example of: Error of omission Error of principle Error of commission Compensating error None Hint 35. Which of the following is an example of an accounting error? Omitting to post a transaction to the ledger Making a profit Depositing money in a bank Sending an email to a customer None Hint 36. Which of the following should NOT be done while correcting an error? Overwrite with correction Use initials while correcting Neatly cross out wrong entry Pass a rectifying journal entry None Hint 37. Which of the following errors does NOT affect the Trial Balance? Recording a cash sale as a credit sale Posting to the wrong side of ledger Overcasting the Purchases Book Recording repairs as building expense None Hint 38. Which of the following accounts is not maintained in the ledger? Memorandum Account Expense Account Asset Account Capital Account None Hint 39. What is the primary purpose of a Ledger in accounting? To record initial transactions To record classified and summarized data To analyze financial ratios To calculate tax liability None Hint 40. The Arithmetic Logic Unit (ALU) is responsible for: Typing words Displaying pictures Sending emails Performing calculations and logical comparisons None Hint 41. Which type of error affects only one side of the ledger? Error of principle One-sided error Two-sided error Compensating error None Hint 42. The process of transferring entries from the journal to the ledger is called: Summarizing Journalizing Balancing Posting None Hint 43. “Balance c/d” stands for: Balance credit debit Balance carried down Balance capital debit Balance cash down None Hint 44. When is a Suspense Account used in accounting? To record cash transactions only To maintain records of capital expenditures To temporarily record the difference in Trial Balance totals To calculate profits and losses None Hint 45. Error of recording repairs as building expense is an example of: One-sided error Error of principle Error of commission Error of omission None Hint 46. Ledger is also known as the: Principal Book of Accounts Expense Register Trial Book Balance Book None Hint 47. What does the computerised accounting system primarily use? Manual journals Database and software Calculators and registers Typewriters None Hint 48. Why is the ledger called the ‘book of final entry’? Because it contains only cash records Because it is used for preparing invoices Because transactions are finally posted here from the journal Because transactions are recorded here first None Hint 49. If the debit side of the Trial Balance is more than the credit side, the difference is: Treated as an income Debited to Suspense A/c Credited to Suspense A/c Ignored None Hint 50. What feature of CAS allows handling changes in data volume as per business size? Transparency Accuracy Scalability Reliability 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
