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