Scoring well in the NIOS Class 10 Accountancy 224 paper depends far more on steady objective practice than on last-minute reading. This page hands you the NIOS Class 10 Accountancy 224 Objective Type Questions with answers for the 2026 session, prepared from a close study of previous year papers and the complete 224 textbook. Every question here is objective in style, so you build accuracy and speed at the same time.
By Prateek Talwar, Founder, Unnati Educations · Reviewed by Jyoti Sharma, [VERIFY DESIGNATION] · Published 12 June 2026 · Last updated 23 July 2026
Below you will find 22 sample questions taken straight from our full bank, covering all four objective formats that the Accountancy 224 paper repeatedly uses. Read them, test yourself, and judge the quality for yourself before you reach for the complete question bank.
Why Accountancy 224 Objective Questions Decide Your Result
The objective portion of the Accountancy 224 paper is where careful students quietly gain their easiest marks. These questions test whether you can recall a concept, apply a rule, and read a statement correctly, all under time pressure.
Students often lose these marks not because the topic is hard, but because they revised theory without ever practising it in question form. Working through targeted Accountancy 224 objective questions fixes that gap and turns passive reading into confident recall.
In the papers our counsellors reviewed, the two most common causes of avoidable loss were misreading a negative stem such as "which is NOT" and confusing a convention with a concept. Both are pattern errors, and both disappear with repetition rather than rereading.
Objective practice also strengthens your grip on the descriptive answers, since both draw from the same concepts. Reading the NIOS Class 10 Syllabus alongside this set helps you see exactly which chapters carry the most weight in the Accountancy paper.
Accountancy 224 Objective Section Exam Pattern, Marks and Timing
Before you practise, it helps to know exactly what the Accountancy 224 objective section looks like on the day. The figures below follow the current NIOS scheme of studies for the Secondary course.
| Detail | Accountancy 224 |
|---|---|
| Course level | NIOS Secondary, Class 10 |
| Subject code | 224 |
| Theory paper marks | [VERIFY: 85] |
| Internal or practical assessment | [VERIFY: 15] |
| Duration of theory paper | [VERIFY: 3 hours] |
| Marks per objective question | [VERIFY: 1 mark] |
| Objective formats used | Multiple choice, fill in the blanks, true or false, match the following |
| Sessions offered | April and October, plus on-demand examination |
| Medium | [VERIFY: English and Hindi] |
A single mark per item means the objective block rewards speed. Most students who finish comfortably spend under thirty seconds on each objective question and bank the remaining time for the long answers.
You can confirm the current scheme against the official course listing on the NIOS website before you sit the paper. Our NIOS Previous Year Question Paper collection shows how the pattern has held steady across recent sessions.
NIOS Class 10 Accountancy 224 Objective Type Questions at a Glance
The NIOS Class 10 Accountancy 224 Objective Type Questions on this page are a curated objective set covering ten core lessons, from Accounting Concepts to Computers in Accounting. Each answer carries a short explanation, so you understand the reasoning and not just the correct option.
| Item | Detail |
|---|---|
| Subject | Accountancy, code 224, NIOS Secondary |
| Sample questions on this page | 22, across all four formats |
| Lessons covered in the full bank | 10 examinable theory lessons |
| Question formats | Multiple choice, fill in the blanks, true or false, match the following |
| Answer style | Correct option plus a reasoned explanation |
| Prepared for | 2026 session, April and October |
| Delivery of full set | WhatsApp, on request |
The complete set is arranged chapter by chapter and format by format, which mirrors the way the Accountancy 224 objective section is actually framed in the exam. If you want a wider revision base first, our NIOS Class 10 Objective Type Questions booklet pairs neatly with this Accountancy practice.
A preview page from our Accountancy 224 objective question bank.
Sample Accountancy 224 Multiple Choice Questions with Answers
These sample multiple choice questions are lifted directly from our Accountancy 224 bank, spanning different chapters so you can gauge the range and clarity of the full set.
Lesson 2 · Accounting Concepts and Conventions
Q1. Accounting concepts are best defined as:
A. Government regulations controlling businesses
B. Basic assumptions and principles guiding recording of business transactions
C. Methods used only for calculating profit
D. Rules applied only when preparing balance sheets
Correct Answer: B. Accounting concepts are the fundamental assumptions and principles on which the accounting system is based. They guide how transactions are recorded and provide a logical, consistent framework for financial information.
Lesson 6 · Journal
Q2. In accounting, the journal is primarily maintained to:
A. Determine profit or loss of business
B. Record business transactions in chronological order
C. Prepare financial statements
D. Maintain balance of cash
Correct Answer: B. A journal records all day-to-day transactions in the order of their occurrence. It is the first stage of recording before transactions move to ledger accounts.
Lesson 7 · Cash Book
Q3. Which of the following statements correctly explains the nature of a Cash Book?
A. It is only a ledger account.
B. It is only a subsidiary book.
C. It is both a book of original entry and a ledger.
D. It is only a memorandum book.
Correct Answer: C. A Cash Book acts as a book of original entry and also as a ledger account for cash, so a separate cash account is not needed in the ledger.
Lesson 2 · Accounting Concepts and Conventions
Q4. Which of the following is NOT an accounting concept?
A. Business Entity
B. Money Measurement
C. Going Concern
D. Materiality
Correct Answer: D. Materiality is a convention, not a concept. The main concepts are Business Entity, Money Measurement, Going Concern and Dual Aspect.
Sample Accountancy 224 Fill in the Blanks with Answers
Fill in the blanks reward precise recall of key Accountancy terms. Here are a few real examples from the full bank, drawn from more than one chapter.
Lesson 2 · Accounting Concepts and Conventions
Q1. Accounting concepts refer to the basic __________ of accounting.
Answer: rules. These basic rules guide the accounting system and provide the foundation for recording transactions and preparing financial statements.
Lesson 2 · Accounting Concepts and Conventions
Q2. Goods withdrawn from the business for the personal use of the owner are called __________.
Answer: drawings. Since these withdrawals do not relate to business operations, they are recorded separately and not as expenses.
Lesson 12 · Depreciation
Q3. Depreciation is the gradual and permanent ______ in the value of a fixed asset.
Answer: decrease. This reduction happens as assets are used in business and are affected by physical deterioration, technology, or passage of time.
Sample Accountancy 224 True or False Statements with Answers
True or false statements catch students who half-remember a rule. These Accountancy 224 samples show how each answer comes with a clear reason.
Lesson 2 · Accounting Concepts and Conventions
Q1. According to the business entity concept, the business and the owner are treated as the same entity for accounting purposes.
Answer: False. The business and the owner are separate entities, which is why the owner's personal transactions are not recorded as business transactions.
Lesson 11 · Trial Balance and Accounting Errors
Q2. Trial Balance is an account prepared in the ledger to verify the correctness of accounts.
Answer: False. A Trial Balance is not an account and is not prepared in the ledger. It is a separate statement listing the debit and credit balances of all ledger accounts.
Lesson 2 · Accounting Concepts and Conventions
Q3. When the owner invests money in the business, it is treated as capital in the books of the business.
Answer: True. The amount is recorded as capital because it represents the owner's claim on the business.
Sample Accountancy 224 Solved Match the Following
Match the following questions test how well you connect Accountancy terms to their meanings. Here is one solved set from the full bank.
Lesson 2 · Accounting Concepts and Conventions · Set 1
| Column I | Column II |
|---|---|
| (i) Business Entity Concept | (A) Only important and relevant information should be shown |
| (ii) Money Measurement Concept | (B) Business and owner are treated as separate entities |
| (iii) Going Concern Concept | (C) Transactions are recorded only in terms of money |
| (iv) Materiality Convention | (D) Business is assumed to continue for an indefinite period |
| (v) Conservatism Convention | (E) Anticipate no profit, but provide for all possible losses |
Answer: (i) B, (ii) C, (iii) D, (iv) A, (v) E.
Solved match the following from the Accountancy 224 objective set.
Get the Full Accountancy 224 Objective Questions on WhatsApp
How We Prepared These Accountancy 224 Objective Type Questions
We did not generate these Accountancy questions at random. Our team worked through the April and October 224 papers from [VERIFY: state exact year range, for example 2019 to 2025], mapped which concepts repeat, and then read the full Accountancy textbook chapter by chapter to catch the points examiners favour.
Three findings shaped the bank. Lesson 2 supplies the largest share of objective items in the papers we studied. Definitions of terms carry more fill in the blanks than any other lesson. True or false statements cluster around rules that students commonly invert.
From that analysis we wrote objective questions in four tested formats, multiple choice, fill in the blanks, true or false, and match the following, so your revision matches the real exam pattern. Each answer is written in plain language so a first-time reader can follow the logic.
Every item is then checked by a counsellor against the current textbook wording before it enters the bank, and rechecked after each session so retired phrasing does not linger in your practice material.
Chapter Wise Accountancy 224 Syllabus Covered in This Question Bank
The complete Accountancy 224 objective bank covers the ten examinable theory lessons listed below. Lessons that are practical, project based, or not assessed in the objective section are excluded, which is why the lesson numbering is not continuous. [VERIFY against the official 224 course bifurcation before publish.]
| Lesson | Chapter Name | Key topics covered | What the objective questions test here |
|---|---|---|---|
| Lesson 2 | Accounting Concepts and Conventions | Business entity and money measurement, going concern and dual aspect, materiality and conservatism | Telling a concept apart from a convention, and matching each one to its one-line meaning |
| Lesson 3 | Accounting Terms | Assets liabilities and capital, debtors and creditors, drawings and expenses | Naming the correct term from its definition, especially debtor against creditor |
| Lesson 5 | Double Entry System | Rules of debit and credit, types of accounts, advantages of double entry | Applying the debit and credit rule to a named account type |
| Lesson 6 | Journal | Recording of transactions, journal entries, narration and posting | Identifying which account is debited and why a narration is written |
| Lesson 7 | Cash Book | Single and double column, contra entries, cash book as book and ledger | Spotting a contra entry and stating the dual nature of the cash book |
| Lesson 11 | Trial Balance and Accounting Errors | Preparation of trial balance, types of errors, errors affecting agreement | Deciding whether a given error disturbs the agreement of the trial balance |
| Lesson 12 | Depreciation | Meaning and causes, straight line and diminishing balance, methods of recording | Separating the two methods and naming the correct cause of depreciation |
| Lesson 14 | Financial Statements (Without Adjustments) | Trading account, profit and loss account, balance sheet | Placing a given item in the trading account, profit and loss account, or balance sheet |
| Lesson 15 | Financial Statements (With Adjustments) | Closing stock and outstanding items, prepaid and accrued items, adjusted final accounts | Deciding the double effect of an adjustment across two statements |
| Lesson 16 | Computers in Accounting | Need for computerised accounting, accounting software, advantages and limitations | Recalling a stated advantage or limitation of computerised accounting |
For related theory and notes across subjects, our wider NIOS Study Material library supports your Accountancy revision without pulling you away from the objective practice above.
How to Revise the Accountancy 224 Objective Questions in Seven Days
Students who use the bank well tend to follow the same rhythm. This is the order our counsellors suggest when a learner has one week left before the Accountancy paper.
- Day 1. Lessons 2 and 3. These carry the heaviest objective load, so give them a full sitting.
- Day 2. Lessons 5 and 6. Write out the debit and credit rules by hand before attempting the questions.
- Day 3. Lesson 7, with special attention to contra entries.
- Day 4. Lessons 11 and 12. Keep a list of every error type you get wrong.
- Day 5. Lessons 14 and 15 together, since adjustments only make sense against the basic format.
- Day 6. Lesson 16, then all the match the following sets in one go.
- Day 7. Redo only the questions you answered wrongly. Nothing else.
The seventh day matters most. Reworking your own errors is worth more than a fresh read of chapters you already answered correctly.
If you are sitting more than one paper this session, plan the week against the full NIOS Syllabus so Accountancy does not crowd out your other subjects.
Get the Complete NIOS Class 10 Accountancy 224 Objective Type Questions
The 22 samples above are a small slice of the full set. The complete NIOS Class 10 Accountancy 224 Objective Type Questions bank includes every lesson listed above, all four question formats, and a clear answer with explanation for each item, so your revision stays focused right up to the exam.
To receive the full Accountancy 224 objective set, message us on WhatsApp and our team will share the complete material and guide you through it.
Get the Full Accountancy 224 Question Bank on WhatsApp
Inside the complete Accountancy 224 objective question bank.
Accountancy 224 Objective Questions FAQs for Class 10 Students
How many Accountancy 224 objective questions are shown on this page?
This page shows 22 sample Accountancy 224 objective questions with answers, made up of multiple choice, fill in the blanks, true or false, and match the following items. They are drawn from the full bank so you can judge the wording and the depth of the explanations before requesting the rest. The complete set covers every examinable lesson listed in the chapter table.
Are these Accountancy 224 Objective Type Questions enough to pass the NIOS Class 10 exam?
The Accountancy 224 objective set covers the concepts and question formats that appear most often in the paper, so it gives you a strong, focused base for the objective section. For a complete result you should pair it with descriptive practice and the textbook, but the objective marks it targets are exactly the ones students most often leave on the table.
Which chapters do the Accountancy 224 objective questions cover?
The Accountancy 224 bank covers ten lessons, including Accounting Concepts, Accounting Terms, Double Entry System, Journal, Cash Book, Trial Balance and Accounting Errors, Depreciation, both Financial Statements chapters, and Computers in Accounting. Each of these lessons carries multiple choice, fill in the blanks, true or false, and match the following questions, and all of them are supplied with worked answers you can study on your own.
How do I get the full Accountancy 224 question bank PDF?
You can get the complete Accountancy 224 objective set by messaging our team on WhatsApp using the button on this page. Once you reach out, we share the full material covering every chapter and every question format. Our counsellors also help you plan a revision order so you use the questions in the most effective way before your exam.
Are the Accountancy 224 questions updated for the 2026 exam?
Yes, the Accountancy 224 questions are prepared for the 2026 session and are based on recent previous year papers and the current textbook. We review the set against the latest pattern so your practice reflects how the objective section is being framed now, rather than an older format that may no longer match the paper.
Do the Accountancy 224 answers include explanations?
Every answer in the Accountancy 224 set comes with a short explanation written in simple language. Instead of only telling you the correct option, each item shows why that answer is right, which helps you understand the concept and apply it to slightly different questions in the exam. This makes self study far easier for students revising alone.
Is this Accountancy 224 material useful for both April and October NIOS exams?
Yes, the Accountancy 224 objective questions suit both the main April session and the October session, since both draw from the same syllabus and textbook. Whichever cycle you happen to sit, the concepts, question formats, and worked answers remain fully relevant. Reach out to us on WhatsApp and our team will confirm that the material lines up with your specific exam attempt.
Can I use these Accountancy 224 questions for the on-demand examination?
Yes, the same concepts and objective formats apply to the on-demand examination, because it draws on the identical Accountancy 224 syllabus and textbook. Learners sitting on demand often have less notice, so the chapter wise arrangement of the bank lets you revise a single lesson quickly rather than working through the whole subject in order.
Disclaimer: Unnati Educations is an independent academic support platform and is not affiliated with, endorsed by, or officially connected to the National Institute of Open Schooling (NIOS). All content is prepared for study support. Sources referred to include NIOS previous year question papers, the official NIOS Accountancy (224) textbook, and the NIOS website at nios.ac.in.
