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Download CBSE Class 10 Elements Book Keeping Accountancy 2021 Sample Paper

Download Central Board of Secondary Education (CBSE) Class 10th (10th Board Exam) Elements Book Keeping Accountancy 2021 Sample Paper

This post was last modified on 07 March 2021

Tags:CBSE Class 102021Model Question PaperSample PaperBoard ExamsElements Book KeepingAccountancyPDFDownload
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CBSE Class 10 2021 Model Question Paper || CBSE Board Exams 2021 Sample Paper


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ELEMENTS OF BOOK-KEEPING AND ACCOUNTANCY (254)

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SAMPLE QUESTION PAPER 2020-21

CLASS X MM -170 TIME: 3 HOURS

General Instructions:

  1. This question paper contains 30 questions.
  2. Marks are indicated against each question.

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  3. There are two Case Based Questions (CBQ’s).
  4. Answers should be brief and to the point.
  5. Workings to the answers should be given clearly.
QNo QUESTIONS Marks
1 Heavy expenditure undertaken on the advertisement for brand building at the time of launch of a product by a company is . (Choose the correct alternative)
  1. Revenue Expenditure
  2. Capital Expenditure

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  3. Deferred Revenue Expenditure
  4. Statement of financial position
 1
2 A new machine was imported by Nishtha Ltd. from South Korea for ¥7,00,000 and 20% p.a. depreciation is charged as per reducing balance method. The book value of the machine at the end of the second year would be (Choose the correct alternative)
  1. 34,84,000
  2. ¥4,48,000
  3. 34,64,000

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  4. %4,72,000
 1
3 is not a negotiable instrument. (Choose the correct alternative)
  1. Bills of exchange
  2. Promissory Note
  3. Bearer cheque
  4. Crossed cheque

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OR

Maker of the bill is also known as (Choose the correct alternative)

  1. Bill Receivable
  2. Drawer
  3. Drawee

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  4. Reserve
 1
4 Depreciation is charged on which of the following? (Choose the correct alternative)
  1. Land
  2. Sales
  3. Plant and Machinery
  4. Capital

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OR

is not a cause of depreciation! (Choose the correct alternative)

  1. Wear and Tear
  2. Obsolescence
  3. Fluctuation in prices

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  4. Efflux of time
 1
5 Bank Reconciliation Statement is the comparison of the bank statement with: (Choose the correct alternative)
  1. Trading Account
  2. Cash Book
  3. Statement of Affairs
  4. Sales Book

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 1
6 Credit balance as Cash book as on 31¥March, 2020 is 30,750. The bank has debited X 700 as bank charges and has credited % 7,775 on account of interest. Balance as per pass book should be (Choose the correct alternative)
  1. 326,475
  2. 324,475
  3. 323,675
  4. 216,500
 1
7 Cost of goods sold is equal to . (Choose the correct alternative)
  1. Sales — Gross Profit

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  2. Sales + Gross Profit
  3. Sales + Net Profit
  4. Sales — Net profit
 1
Read the following text and answer question (8-10) on the basis of the same: Gopi Chand started with the manufacturing unit of Solar Charkha in February 2018 and was nominated by the ruling government under Make in India awards. Gopi Chand wants to set up another unit in a nearby.village and purchase land for premises there too. Given below is Trial Balance of Gopi Chand as at 31st March 2020. Trial Balance as at 31st March 2020
Debit Balance Amount (%) Credit Balance Amount (%)
Opening Stock 50,000 Capital 1,70,000
Purchases 80,000 Sundry Creditors 44,000
Office furniture 35,000 Bank Loan 1,00,000
Depreciation on furniture 7,000 Sales 1,04,000
Advertisement Expenses 10,000
Salary 14,000
Telephone Expenses 4,000
Cash at Bank 18,000
Land and Building 2,00,000
418,000 418,000
Additional Information: 1. Closing stock at the end of year 2020 is % 75,000.
8 Which of the following is not a financial statement prepared by a sole trader? (Choose the correct alternative)
  1. Profit and Loss Account
  2. Trading Account

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  3. Bank Book
  4. Balance Sheet
 1
9 Trading profit for Gopi Chand will be (Choose the correct alternative)
  1. 339,000
  2. (324,000)
  3. 399,000

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  4. 49,000
 1
10 Total of Liabilities side for Gopi Chand’s business will be (Choose the correct alternative)
  1. 33,32,000
  2. 4,18,000
  3. 3,28,000
  4. 3,10,000

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 1
11 On 12thJuly,2019 a bill of exchange was drawn by Mr X on Mr Y for one month. The date of its maturity of the will be (Choose the correct alternative)
  1. 13" August,2019
  2. 16™ August,2019
  3. 15® August,2019
  4. 14™ August,2019
 1
12 As on 31% March 2020, debit balance as per cash book of Mr. Singh stood at ¥ 20,000. Cheques worth X 2,600 deposited in bank, could not get cleared due to public holidays and issued cheques could also not be presented by creditors I 7500.In the light of the given conditions, which of the following would be the correct balance as per pass book? (Choose the correct alternative)
  1. 322,600

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  2. 322,750
  3. 322,940
  4. 324,900
 1
Read the following text and answer question (13-16) on the basis of the same: Henry used to run a plumbing business, due to Covid 19 he could not afford to pay rent for his shop hence he now operates the same from his home. He has extracted the following information from his books
Particulars Amount (%)
Capital in the beginning of the year (April 1, 2019) 2,00,000
Capital at the end of the year ( March 31, 2020) 2,20,000
Drawings made during the year 50,000
Loose tools 20,000
Sundry Debtors 30,000
13 The capital at the end of accounting-year is ascertained by preparing: - (Choose the correct alternative
  1. Total debtors account
  2. Profit and lossiaccount

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  3. Total creditors account
  4. Closing statement of Affairs
 1
14 From incomplete records it is not possible to prepare: (Choose the correct alternative)
  1. Statement of affairs
  2. Trial Balance
  3. Statement of profit and loss

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  4. Bank Reconciliation Statement
 1
15 Profit for Henry for the Financial Year 2019-20 will be (Choose the correct alternative)
  1. 370,000
  2. 350,000
  3. 320,000
  4. %2,20,000

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 1
16 Total of Statement of Affairs as on 31st March 2020 for Henry will be (Choose the correct alternative)
  1. 32,00,000
  2. 2,20,000
  3. 350,000
  4. %2,70,000
 1
17 Depreciation is a because it does not involve any cash outflow. (Choose the correct alternative)
  1. Cash expenditure

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  2. Non-cash expenditure
  3. Capital expenditure
  4. Deferred revenue expenditure
 1
18 Freight Inward is shown in . (Choose the correct alternative)
  1. Profit and Loss Account
  2. Profit and Loss Appropriation Account

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  3. Trading Account
  4. Balance Sheet
 1
19 Explain the term Deferred Revenue Expenditure with the help of an example.

OR

Give any three examples of Capital expenditure.

 3
20 State any three causes of difference in balance as per Cash book as per Pass book. 3
21 Samarth sold goods for % 10,000 to Hemant on 25 March, 2019. On the same date, Hemant sent his promissory note for the amount payable, after 2 months. On the due date, the bill was met. Give journal entries in the books of Hemant.

OR

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State any three advantages of bill of exchange.

 3
22 State any two limitations of Incomplete Record System. 3
23 Suraj received from Kartik an acceptance for 60,000 on 1st july,2019 at 3months. Suraj got this acceptance discounted @12% p.a.at his bank. On the due date, Kartik paid the required amount. Give the Journal entries in the books of Suraj and Kartik. 3
24 State any four points of distinction between Capital and Revenue Expenditure. 3
25 Distinguish between Straight line method and Diminishing Balance method.

Or

State any four merits of Written down value method.

 3
26 Prepare Bank Reconciliation Statement-of Misha Ice Cream Parlours as on 31"March, 2019:
S.No. Particulars Amount (in X)
(a) Debit balance asper Cash Book 40,000
(b) Cheques deposited but not cleared 10,000
(c) Cheques issued but not cleared 700
5
27 From the following information extracted from the books of M/s Sherya, prepare a Balance sheet as on 31-03-2020. During the year ended 31-03-2020 M/s Sherya earned a net profit of ¥1,00,000. The Position of assets and liabilities on 31-03-2020 was as follows : Cash in hand 22,00,000 | Investment X1,20,000 | Cash at bank X 4,00,000 Land and Building %4,80,000 Debtors X 1,00,000 Capital %16,50,000 Stock % 7,00,000 Bankoverdraft 22,50,000; 5
28 From the following particulars of Vansh Brothers, prepare a bank reconciliation statement on March 31,2019
Particulars Amount (in )
Overdraft as per passbook 25,200
Insurance premium paid by the bank 2,500
Interest on overdraft 1,500
Cheque deposited but not yet cleared 8,100
Amount wrongly debited by bank 2,000
5
29 Netra enterprises purchased a Machinery on 1* January,2010 for ¥ 1,50,000 and spent X 10,000 on its erection . Show the Machinery account for three years, if the accounts are closed on 31% December every year. The depreciation is to be charged @10% p.a. on original cost method. 5
30 Following is the position statement of Md Irfan (who maintains his accounts in incomplete system) as on 31-03-2019 and 31-03-2020.
Particulars 31-03-2019- Amountin X 31-03-2020 Amount in I
Cash 20,000 18,000
Sundry Debtors 78,000 90,000
Stock 68,000 64,000
Machinery 1,40,000 1,30,000
Sundry Creditors 29,000 29,000
Bills Payable 5,000 10,000
During 2019-20, he introduced 15,000 as new capital and withdrew X 4,000 per month for his personal use. Ascertain his profit for the year ending 31-03-2020.

OR

Distinguish between Double entry and Single Entry system of accounting.

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 5
31 Prepare Trading and Profit and Loss account for M/s Solar Charkha Makers from the following information for the year ending 31-03-2019 when Closing stock is valued at 20,000.
Trial Balance as on 31.3. 2018
Name of Account Debit Balance ) Credit Balance )
Opening Inventory 50,000 -
Purchase and Sales 8,15,000 12,03,700
Returns 700 5,000
Rent Received 13,400
Debtors and Creditors 1,28,000 3,44,800
Capitals 2,40,000
Salaries and Wages 35000
Bad Debts 7800
Patents 35,000
Machinery 4,50,000
Bank Loan 2,00,000
Cash at Bank 485400
20,06,900 20,06,900
5

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This post was last modified on 07 March 2021