Name of the Board : CBSE Academic
Class : X STD
Document Type : Sample Question Paper
Subject : Elements of Book Keeping & Accountancy
Year : 2017-18
Website : http://cbseacademic.nic.in/SQP_CLASSX_2017_18.html
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Elements of Book Keeping & Accountancy :
1. Capital Expenditure……………………………. 1
Update : CBSE X STD Elements of Book Keeping & Accountancy Sample Question Paper 2019-20 : www.pdfquestion.in/34653.html
(a) maintains the earning capacity.
(b) helps in running day to day business.
(c) increases the earning capacity of business.
(d) benefits in only one accounting period.
2. Decline in the value of fixed intangible assets is called……….. 1
(a) Amortisation
(b) Depletion
(c) Depreciation
(d) Obsolescence
3. Amortisation is writing off………………. 1
(a) Patents and Copyrights
(b) Patents and Machinery
(c) Patents and Stock
(d) Copyrights and Furniture
4. Bank Reconciliation Statement is prepared by the ……….. 1
(a) Creditor
(b) Businessman
(c) Bank
(d) Debtor
5. Debit balance of Cash Book means…………….. 1
(a) Favourable balance
(b) Unfavourable balance
(c) Overdraft
(d) Negative balance
6. Drawer in a bill of exchange is a person…………… 1
(a) who draws a bill
(b) who accepts a bill
(c) who makes the payment
(d) who receives the payment
7. Balance Sheet shows…………… 1
(a) Profit or Loss
(b) Financial Position
(c) Errors of Accounts
(d) Total Debtors
8. Trading and Profit & Loss Account is prepared……………….. 1
(a) at the end of the calendar year
(b) at the beginning of the accounting year
(c) on every Diwali
(d) at the end of the accounting year
9. Which of the following is correct about Single Entry System : 1
(a) Simple Method
(b) Difficult Method
(c) Expensive Method
(d) Both difficult and expensive method
10. Single Entry System is a…………….. 1
(a) Complete System
(b) Incomplete System
(c) Hybrid System
(d) Difficult System
11. What is meant by a bill of exchange? 2
12. R & Company purchased a machine for Rs. 80,000 and spends Rs. 20,000 for its installation. For the first year, the firm charges depreciation Rs. 10,000 on it. Record the necessary Journal entries. 2
13. What is meant by Bank Reconciliation Statement? 2
14. What does the credit balance of Cash Book imply? 2
15. Calculate Cost of Goods sold from the following information : 2
Sales 1,25,000
Purchases 75,000
Wages 8,000
Gross Profit 42,000
16. State any two limitations of incomplete records. 2
17. Give any three examples of Revenue Expenditure. 3
18. Explain the ‘Fixed Installment Method’ of charging depreciation. 3
19. What is meant by Deferred Revenue Expenditure? Give one example. 3
20. Give any two differences between ‘Trading Account’ and ‘Profit & Loss Account’. 3
21. Calculate Closing Capital :
Opening Capital 3,40,000
Profit for the year 2,40,000
Drawings 1,40,000
During the year proprietor sold ornaments of his wife for Rs. 40,000 and invested the same in the business. 3
22. Give any three differences between ‘Statement of Affairs’ and ‘Balance Sheet’. 3
23. Dutta & Sons acquired a machine for Rs. 90,000 on October 1, 2014. Rs. 10,000 was spent on its installation. The firm charges depreciation @ 10 % on original cost every year. Calculate the amount of depreciation to be charged every year and prepare Machine Account for the first three years. The firm closes its books on March 31 every year. 4
24. State any four causes of difference of bank balance as shown by Cash Book and Pass Book. 4
25. State any four uses of incomplete records to businessmen. 4
26. Bank balance as per Cash Book is given as Rs. 50,000. State how you will show the following transactions while preparing Bank Reconciliation Statement :
(i) Cheques issued but not encashed
(ii) Bank charges
(iii) Collection of Dividend by the bank
(iv) Cheques deposited but not cleared
(v) Insurance premium paid by bank on behalf of the customer 5
27. State any five items to be shown on debit side of ‘Trading Account’ and any five items to be shown on debit side of ‘Profit & Loss Account’. 5
28. What is the need of ‘Bill of Exchange’ in business? State three parties involved in ‘Bill of Exchange’. 5
29. What is Revenue Expenditure? Give any four points of differences between Capital Expenditure and Revenue Expenditure. 5