Name of the Board : Central Board of Secondary Education (CBSE)
Class : X STD
Document Type : Sample Question Paper
Subject : Elements of Book Keeping and Accountancy
Term : 1 and 2
Year : 2021-22
Website : https://cbseacademic.nic.in/SQP_CLASSX_2021-22.html
CBSE X Elements of Book Keeping and Accountancy Question Paper
CBSE Students can download the Elements of Book Keeping and Accountancy Sample Question Paper Term 1 and 2 for the year 2021-22 from the website of CBSE Academic.
Related / Similar Question Paper : CBSE Academic Class X National Cadet Corps Sample Question Paper 2021-22
Sample Question Paper For CBSE X Elements of Book Keeping and Accountancy
Section A :
1. An amount of ₹20,000 was spent on repairs of building. This expense will be categorised under ______ .
(a) Capital Expenditure
(b) Revenue Expenditure
(c) Deferred Revenue Expenditure
(d) Both Capital and Deferred Revenue Expenditure
2. Which of the following will be a Capital Expenditure for a business?
(a) Routine Advertisement Expenditure
(b) Advertisement for launching a new product
(c) Delivery Van purchased
(d) Salary to Employees
3. On 1st July, 2020 Aqua Ltd purchased Machinery of ₹4,00,000. Depreciation is to be charged @10% p.a by diminishing balance method. What amount of depreciation will be charged for the year ending March 31, 2021?
(a) ₹40,000
(b) ₹20,000
(c) ₹30,000
(d) ₹70,000
4. Bank Reconciliation Statement is prepared to reconcile _________ and ________balances.
(a) Cash Book and Ledger Accounts
(b) Pass Book and Ledger Accounts
(c) Cash Book and Pass Book
(d) Cash Book and Vouchers
5. Which of the following is deferred Revenue Expenditure?
(a) Salary for previous year paid in current year
(b) Advertisement for launching a new product
(c) Repayment of Loan
(d) Building purchased
6. Assertion (A) :- Capital Expenditure are recurring in nature Reason (R) :- Capital Expenditure are incurred to increase the earning capacity.
(a) Both A and R are correct and R is the correct explanation of A,
(b) Both A and R are correct but R is not the correct explanation of A.
(c) A is correct but R is incorrect.
(d) A is incorrect but R is correct.
7. In straight line method ________
(a) Depreciation is charged on remaining book value every year.
(b) Depreciation is charged only for half of the year.
(c) Depreciation is charged on cost price of asset every year.
(d) Book value of Asset will never be zero
8. Which of the following is not a Capital Receipt?
(a) Sale of old Newspaper
(b) Sale of Machinery
(c) Loan taken from Bank
(d) Capital introduced by proprietor
9. If Depreciation is not charged in a particular year, then what will be the effect on the books of Accounts?
(a) Profits will be higher
(b) Profits will be lesser
(c) Assets can’t be shown in books of the firm
(d) Accounts can’t be prepared
10. By charging depreciation
(a) Only Market value is affected
(b) Only Book Value is affected
(c) Both market value and book value is affected
(d) Neither market value nor book value is affected
11. When money is withdrawn from the bank, it is _____ in the pass book.
(a) Debited
(b) Credited
(c) Not shown
(d) Added
12. Depreciation causes
(a) Outflow of Cash
(b) Sale of Assets
(c) Decrease in book value of Assets
(d) Increase in market value of Assets
13. Depreciation is charged on
(a) Only Tangible Assets
(b) Only Intangible Assets
(c) Both Tangible and Intangible Assets
(d) Only Current Assets
14. Assertion (A) :- Annual amount of depreciation under Straight line method remains the same.
Reason (R) :- Depreciation is charged on original cost of Asset every year under straight line method.
(a) Both A and R are correct and R is the correct explanation of A,
(b) Both A and R are correct but R is not the correct explanation of A.
(c) A is correct but R is incorrect.
(d) Both A and R are incorrect.
15. Statement that explains the causes of difference between bank balance of the cash-book and bank statement is called
(a) Bank Statement
(b) Pass Book
(c) Expenses Statement
(d) Bank Reconciliation Statement
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