CBSE Sample Question Papers for Class 10 Elements of Book Keeping and Accountancy 2020
Sample Question Paper (2019-20)
Elements of Book Keeping And Accountancy
Class – X
Max. Marks: 70 Duration: 3 hrs.
Question 1.
M/s Singh and Bros. purchased a machine costing ₹ 10,000 on April 1, 2018. Calculate its book value on March 31, 2019 if it is depreciated at 20% per annum on Straight Line Basis. [1]
Question 2.
The amount by which the credit side of Profit and Loss Account exceeds the debit side is called: [1]
(a) Net loss
(b) Gross Profit
(c) Gross Loss
(d) Net Profit
Question 3.
In a firm which follows single entry system, ascertains, Capital in the beginning of accounting year by preparing [1]
(a) Creditor’s Account
(b) Cash Account
(c) Opening statement of affairs
(d) Profit and Loss Account
Question 4.
Out of the following which is not the cause of Depreciation: [1]
(a) Normal wear and tear
(b) Decrease or increase in market price.
(c) Use of asset
(d) Rate of obsolescence
Question 5.
Which of the following is not shown in trading account? [1]
(a) Returns inward
(b) Wages
(c) Salaries
(d) Closing Stock
Question 6.
What is Depreciation? [1]
Question 7.
Copy of customers account with the bank is called [1]
(a) Pass book
(b) Cash book
(c) Bank account
(d) Petty cash book
Question 8.
Statement of financial position produced from incomplete accounting record is commonly known as _________ ((fill in the blank ) [1]
Question 9.
Classify the Following as Capital Expense and Revenue Expense [1]
i) Repair of building
ii) Construction of cycle shed for workers
Question 10.
Purchase of machinery for production: [1]
(a) Capital Expenditure.
(b) Revenue Expenditure
(c) Deferred Revenue Expenditure.
(d) None of the above. 1
Question 11.
Which of following transactions increases the balance as per pass book? [1]
(a) Bank charges charged by bank.
(b) Payment made by bank as per standing instructions of customer.
(c) Interest on overdraft charged by bank.
(d) Interest on investment collected by bank
Question 12.
Three days added for ascertaining the date of maturity of a bill is known as days of _________. [1]
Question 13.
Single Entry System is a __________. [1]
(a) Hybrid System
(b) Complete system
(c) Incomplete system
(d) Difficult system
Question 14.
The acceptor of bill of exchange is known as _________. [1]
(a) Drawer
(b) Drawee
(c) Endorsee
(d) Bank
Question 15.
Which among the following asset is never depreciated :- [1]
(a) Building
(b) Land
(c) Furniture
(d) Machinery
Question 16.
A 3 month bill drawn on 1st January,2019 will mature for payment on [1]
(a) 3rd April,2019
(b) 4th April, 2019
(c) 5th April,2019
(d) 10th April,2019
Question 17.
Complete the table below to indicate where the following will appear in Trial Balance Debit or Credit [3]
| Account | Trial Balance Debit or Credit |
| Capital Account | |
| Furniture and Fixtures Account | |
| Sales Expenses Account | |
| Sales Returns Account | |
| Bills Payable Account | |
| Bank Loan |
Question 18.
Differentiate between the Capital and Revenue Receipts. [3]
Or
Write any three examples of Revenue Expenditure.
Question 19.
Anand sold goods worth ₹ 20,000 to Gursimar and drew a bill for two months which was duly accepted by Anand give journal entries (on maturity) in the books of Anand, when the bill duly met on maturity. [3]
Or
Ravi sold goods worth ₹ 45,000 to Raman paid 20,000 and accepted a bill for forty five days for the balance. Give journal entries (on maturity) in the books of Ravi, When the bill got dishonoured on maturity.
Question 20.
Even when it’s is not compulsory to prepare Bank Reconciliation Statement; It is prepared on any date decided by firm to check that all transactions relating to money deposited with and withdrawn from bank are properly recorded by the firm’s personnel. What purpose does Bank Reconciliation Statement solve? [3]
Question 21.
Distinguish between Straight line and Diminishing Balance Method of charging Depreciation on the basis of: [3]
((a) Depreciation Charge
((b) Amount of Depreciation
((c) Suitability
Question 22.
What is deferred revenue expenditure? Give one example. [3]
Question 23.
Discuss any two causes of difference in the balance of cash and pass book. [4]
Question 24.
Anita drew a bill on Kavita for ₹ 15,000 on 15th July 2019 for two months. Anita endorsed the bill to Sunita in full settlement of her dues of ₹ 16,000. The bill was met on maturity. Journalize in books of Anita and Kavita [4]
Or
On March 15, 2018 Shiv sold goods for ₹ 16,000 to Himank on credit. Himank accepted a bill of exchange drawn upon him by Shiv payable after three months. On April, 15 Shiv endorsed the bill in favour of his creditor Priya in full settlement of her debt of ₹ 16,500. On May 15, Priya discounted the bill with her bank @ 12% p.a. On the due date Himank met the bill. Record the necessary journal entries in the books of Shiv.
Question 25.
The following Legder Balances were extracted from the books of Aakash Deep on 31-03-2019. Prepare Profit and Loss account for him. [4]
| Gross Loss | 6,000 |
| Interest Received | 30,000 |
| Rent (paid) | 5,000 |
| Discount Allowed | 3,000 |
| Telephone expenses | 2,000 |
| Depreciation on machinery | 4,000 |
Question 26.
Differentiate between Double entry and Single entry system, any four. (Incomplete Records) [4]
Or
Discuss any four limitations of Single entry system of bookkeeping.
Question 27.
Starwars Toys Pvt Ltd. purchased a machinery for ₹ 5,00,000 on 1st July 2017 and spent ₹ 20,000 on its installation and insurance and also spent ₹ 30,000 on its transportation. It is to be depreciated @10% p.a. on straight Line Basis method. If the accounts are closed on 31st march each year give journal entry on the date of purchase and prepare Machinery account for two years ending 31-03-2019. [5]
Or
On 1st April, 2016, a company purchased a machinery for ₹ 1,80,000. It spent ₹ 20,000 on its erection. On 1st Oct, 2017 it purchased second machinery for ₹ 40,000. The company writes off Depreciation at 10% p.a. on Diminishing balance method. Prepare machinery account for three years ending 31st March, 2019.
Question 28.
Debit balance shown by the cashbook of M/s. Rattan Lal Dealers is ₹ 75,000. Prepare Bank Reconciliation statement on September 31, 2019. [5]
(a) Bank charges debited as per pass book ₹ 1,000, no entry regarding same has been there in Cash Book.
(b) Interest collected by bank but not recorded in Cash Book ₹ 8,000
(c) Insurance premium of Mr Rattan Lal ₹ 5,000 paid by bank directly as per standing instructions, accountant has not made any entry in Cash book for same.
(d) Cheque recorded in Cash Book but not sent for collection ₹ 9,000
Question 29.
Following is the position of M/s Kabir and Sons (who maintains his accounts in incomplete system) as on 31-03-2018 and 31-03-2019. [5]
| 31-03-2018 (in ₹ ) | 31-03-2019 (in ₹ ) | |
| Cash in hand | 2,000 | 5,000 |
| Cash at Bank | 5,000 | 5,800 |
| Sundry Debtors | 75,000 | 90,000 |
| Inventory | 65,000 | 50,000 |
| Land and Building | 1,50,000 | 2,50,000 |
| Sundry Creditors | 30,000 | 25,000 |
| Bills Receivables | 5,000 | 10,000 |
During 2018-19 he introduced ₹ 30,000 as new capital and withdrew ₹ 20,00 per quarter for personal expenses. Ascertain his profit for the year ending 31-03-2019.
Question 30.
Prepare Trading and Profit and Loss account for M/s Green Electricals and Sons from the following information for the year ending 31-03-2019 when Closing stock is valued at 20,000. [5]
| Name of account | Debit Balance (₹) | Credit Balance (₹) |
| Opening Stock | 10,000 | |
| Purchase and Sales | 5,05,000 | 8,00,800 |
| Returns | 800 | 5,000 |
| Misc Income | 10,400 | |
| Debtors and Creditors | 88,000 | 54,800 |
| Capitals | 13,00,000 | |
| Wages | 35,000 | |
| Telephone Expenses | 7,200 | |
| Patents | 25,000 | |
| Land and Machinery | 15,00,000 | |
| 21,71,000 | 21,71,000 |
Or
Calculate Cost of goods sold for the year 2017 with the of the following information:
| Sales | ₹ 40,00,000 |
| Purchases | ₹ 30,00,000 |
| Wages | ₹ 4,00,000 |
| Stock( April 01,2016) | ₹ 6,00,000 |
| Stock (March 31,2017) | ₹ 8,00,000 |
| Freight Inward | ₹ 1,00,000 |
| Carriage Inward | ₹ 2,00,000 |
CBSE Sample Papers For Class 10 2019 -2020
CBSE Sample Papers for Class 10 for the academic year of 2019-2020 is tabulated below:
| SUBJECT | SAMPLE QUESTION PAPER | MARKING SCHEME |
|---|---|---|
| Class 10 Science | SQP | MS |
| Class 10 Elements of Book Keeping and Accountancy | SQP | MS |
| Class 10 Elements of Business | SQP | MS |
| Class 10 English (Language & Literature) | SQP | MS |
| Class 10 Hindi A | SQP | MS |
| Class 10 Hindi B | SQP | MS |
| Class 10 Home Science | SQP | MS |
| Class 10 Computer Application | SQP | MS |
| Class 10 Mathematics (Basic) | SQP | MS |
| Class 10 Mathematics (Standard) | SQP | MS |
| Class 10 Social Science | SQP | MS |
| Class 10 NCC | SQP | MS |
| Class 10 Hindustani Music (Melodic) | SQP | MS |
| Class 10 Hindustani Music (Percussion) | SQP | MS |
| Class 10 Hindustani Music (Vocal) | SQP | MS |
| Class 10 Carnatic Music-Melodic Instruments | SQP | MS |
| Class 10 Carnatic Music-Percussion Instruments | SQP | MS |
| Class 10 Carnatic Music-Vocal | SQP | MS |
| Class 10 Painting | SQP | MS |
| Class 10 Arabic | SQP | MS |
| Class 10 Bengali | SQP | MS |
| Class 10 Assamese | SQP | MS |
| Class 10 Bahasa Melayu | SQP | MS |
| Class 10 Bhutia | SQP | MS |
| Class 10 Bodo | SQP | MS |
| Class 10 French | SQP | MS |
| Class 10 German | SQP | MS |
| Class 10 Gujarati | SQP | MS |
| Class 10 Gurung | SQP | MS |
| Class 10 Japanese | SQP | MS |
| Class 10 Kannada | SQP | MS |
| Class 10 Lepcha | SQP | MS |
| Class 10 Limboo | SQP | MS |
| Class 10 Malayalam | SQP | MS |
| Class 10 Manipuri | SQP | MS |
| Class 10 Mizo | SQP | MS |
| Class 10 Marathi | SQP | MS |
| Class 10 Nepali | SQP | MS |
| Class 10 Odia | SQP | MS |
| Class 10 Persian | SQP | MS |
| Class 10 Punjabi | SQP | MS |
| Class 10 Rai Language | SQP | MS |
| Class 10 Russian | SQP | MS |
| Class 10 Sanskrit | SQP | MS |
| Class 10 Sherpa | SQP | MS |
| Class 10 Sindhi | SQP | MS |
| Class 10 Spanish | SQP | MS |
| Class 10 Tamil | SQP | MS |
| Class 10 Tamang | SQP | |
| Class 10 Tangkhul | SQP | MS |
| Class 10 Telugu AP | SQP | MS |
| Class 10 Telugu Telangana | SQP | MS |
| Class 10 Thai | SQP | MS |
| Class 10 Tibetan | SQP | MS |
| Class 10 Urdu A | SQP | MS |
| Class 10 Urdu B | SQP | MS |