CBSE Academic Class X Elements Of Book Keeping And Accountancy Sample Question Paper 2022-23
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
Year : 2022-23
Website : https://cbseacademic.nic.in/SQP_CLASSX_2022-23.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 for the year 2022-23 from the website of CBSE Academic.
Related / Similar Question Paper : CBSE Academic Class X Elements of Business Sample Question Paper 2022-23
CBSE Elements Of Book Keeping And Accountancy Sample Question Paper
1. Which of the following is a Capital Receipt?
a) Sale of Goods
b) Amount received from rendering of services
c) Sale of Fixed Assets
d) Rent Received
Or
Which of the following is Revenue Expenditure?
a) Building purchased
b) Goodwill purchased
c) Loan Repayment
d) Salary Paid
2. Deferred Revenue Expenditure are the one which
a) Gives benefit for one year only
b) Gives no benefit to the firm
c) Provides very long term benefit to the firm
d) Likely to give benefit for more than one accounting period
3. A firm purchased Machinery of ₹ 4,00,000 on 1st October, 2020. Depreciation was to be charged @10% p.a by Straight line method. What will be the book value of Machinery on 31 March, 2022?
a) ₹ 3,60,000
b) ₹ 3,40,000
c) ₹ 3,80,000
d) ₹ 3,20,000
A firm purchased Building of ₹ 6,00,000 on 1st April, 2020. Depreciation was to be charged @10% p.a by Written Down Value Method. What will be the book value of Machinery on 31 March, 2022?
a) ₹ 4,80,000
b) ₹ 5,40,000
c) ₹ 4,86,000
d) ₹ 6,00,000
4. On 1st April, 2020 Aqua Ltd. purchased Equipments of ₹ 10,00,000. Depreciation was to be charged @ 10% p.a by fixed instalment system. On the same day, Batman Ltd also purchased Equipments of the same amount and charged depreciation @ 10% p.a by reducing instalment system. On 31 March, 2022 which of the following statement holds true?
a) Book Value of Equipments
b) Book Value of Equipmentsin both the firm will be same. in Aqua Ltd. will be ₹ 1,00,000 more than Batman Ltd.
c) Book Value of Equipments in Aqua Ltd. will be ₹ 10,000 more than Batman Ltd.
d) Book Value of Equipments in Aqua Ltd. will be ₹ 10,000 less than Batman Ltd.
5. If depreciation on assets is not provided for, then the assets will be over- valued in the balance sheet. Which of the following need for charging depreciation is highlighted in the above statement?
a) Matching of cost and revenue
b) Consideration of Tax
c) True and Fair Financial position
d) Compliance with Law
Or
Assertion (A) :- In written down value method, the book value of asset will never become zero.
Reason (R) :- Depreciation is charged on the book value at the same percentage every year.
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.
6. Bank Reconciliation Statement is prepared to reconcile _________ and ________ balances.
a) Ledger Accounts and Cash Book
b) Trial Balance and Pass Book
c) Cash Book and Pass Book
d) Vouchers and Pass Book
Or
Bank Reconciliation statement is prepared in the books of
a) Bank
b) Lender
c) Government
d) Account Holder
7. Statement I: – When Bank Reconciliation Statement is prepared with Debit balance as per Pass Book; the Balance derived will be only Credit Balance as per Pass Book.
Statement II :- Bank Reconciliation Statement is prepared by Bank.
a) Both the Statement are False
b) Both the Statement are True.
c) Only Statement I is true.
d) Only Statement II is true.
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