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