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