CBSE Class X Elements of Book Keeping & Accountancy Sample Question Paper 2024-25

Organisation : Central Board of Secondary Education (CBSE)
Class Name : SSLC (Class X)
Subject : Elements of Book Keeping and Accountancy
Download : Sample Question Paper 2024-25
Website : https://cbseacademic.nic.in//SQP_CLASSX_2024-25.html

CBSE Class X Elements of Book Keeping Sample Question Paper

Elements of Book-Keeping And Accountancy (254) Class X (2024–25) Sample Question Paper

Related / Similar Question Paper : CBSE Class X Science Sample Question Paper 2024-25

1. Which of the following is a Capital Expenditure?

i. Purchase of Goods
ii. Purchase of Securities as Investments
iii. Purchase of Fixed Assets
iv. Depreciation on Assets

A. Only i
B. Only ii and iii
C. Only ii, iii and iv
D. Only iii and iv

2. If Bank Reconciliation Statement is prepared with favourable Pass book Balance, it was noticed that Cash deposited in bank for ₹ 35,000 but recorded as ₹ 3,500 in Cash Book. How it will be shown in Bank Reconciliation Statement?

A. Added ₹ 35,000
B. Subtracted ₹ 35,000
C. Added ₹ 31,500
D. ₹ Subtracted ₹ 31,500

(OR)

If Bank Reconciliation Statement is prepared with favourable Cash book Balance, it was noticed that Cash withdrawn from bank of ₹ 40,000 but recorded as ₹ 4,000 in Cash Book. How it will be shown in Bank Reconciliation Statement?

A. Added ₹ 36,000
B. Subtracted ₹ 36,000
C. Added ₹ 44,000
D. Subtracted ₹ 44,000

3. Read the following statements carefully:
Statement I: Capital Expenditure will provide benefit to the business only for five years.
Statement II: Revenue Expenditure are shown as Assets in the Balance Sheet.

In light of the given statements, choose the correct option from thefollowing:
A. Both the statements are true.
B. Both the statements are false.
C. Statement I is true, Statement II is false.
D. Statement II is true, Statement I is false.

4. During the year ended March 31, 2024, Salary paid were ₹ 80,000 out of total salary due of ₹ 1,00,000. Determine the amount of Revenue Expenditure.

A. ₹ 80,000
B. ₹ 1,00,000
C.₹ 20,000
D. ₹ 1,80,000

5. Read the following statements carefully:
Statement I: When Bank Reconciliation Statement is prepared with Debit balance as per Cash Book; the Balance derived will be only Credit Balance as per Cash Book.
Statement II: Bank Reconciliation Statement is prepared by Income Tax authorities on 31 March every year.

In light of the given statements, choose the correct option from the following:
A. Both the statements are true.
B. Both the statements are false.
C. Statement I is true, Statement II is false.
D. Statement II is true, Statement I is false.

6. Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below:
Assertion (A): Revenue Expenditure will decrease the profits of the firm.
Reason (R): Revenue Expenditure are incurred in normal routine of the business to generate revenue.
A. Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B. Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
C. Assertion (A) is true, but Reason (R) is false.
D. Assertion (A) is false, but Reason (R) is true.

7. A firm purchased Machinery of ₹ 8,00,000 on 1st October, 2021. Depreciation was to be charged @10% p.a by Straight line method. What will be the book value of Machinery on 31 March, 2024?

A. ₹ 5,60,000
B. ₹ 6,80,000
C. ₹ 6,00,000
D. ₹ 6,15,600

(or)

A firm purchased Building of ₹ 10,00,000 on 1st April, 2021. Depreciation was to be charged @10% p.a by Written Down Value Method. What will be the book value of Machinery on 31 March, 2024?

A. ₹ 7,00,000
B. ₹ 7,29,000
C. ₹ 8,00,000
D. ₹ 8,10,000

8. 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)

Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below:
Assertion (A): In straight line method, the book value of asset will become zero after certain period of time.
Reason (R): Depreciation is charged on the book value at the same percentage every year.

A. Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B. Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
C. Assertion (A) is true, but Reason (R) is false.
D. Assertion (A) is false, but Reason (R) is true.

9. Credit balance as per Pass book is ₹ 50,000. Cheques deposited but not yet collected were ₹ 12,000 and cheques issued not yet presented were ₹ 5,000. What will be resulting balance after preparing Bank Reconciliation Statement?

A. Credit Balance as per Cash Book ₹ 57,000
B. Credit Balance as per Cash Book ₹ 43,000
C. Debit Balance as per Cash Book ₹ 57,000
D. Debit Balance as per Cash Book ₹ 43,000

10. On 1st April, 2022 Hitman Ltd. purchased Equipments of ₹ 10,00,000. Depreciation was to be charged @ 10% p.a by fixed instalment system. On the same day, Cheeku Ltd also purchased Equipments of the same amount and charged depreciation @ 10% p.a by reducing instalment system. On 31 March, 2024 which of the following statement holds true?

A. Book Value of Equipments in both the firm will be same.
B. Book Value of Equipments in Hitman Ltd. will be ₹ 10,000 more than Cheeku Ltd.
C. Book Value of Equipments in Hitman Ltd. will be ₹ 1,00,000 more than Cheeku Ltd.
D. Book Value of Equipments in Hitman Ltd. will be ₹ 10,000 less than Cheeku Ltd.

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