CBSE Academic X Elements Of Book Keeping & Accountancy Sample Question Paper 2016-17
Name of the Board : CBSE Academic
Class : X STD
Document Type : Sample Question Paper
Subject : Elements Of Book Keeping And Accountancy
Year : 2016 – 2017
Website : http://cbseacademic.in/SQP_CLASSX_2016_17.html
Download Sample Question Paper : https://www.pdfquestion.in/uploads/10172-AccountancyX17.pdf
Elements Of Book Keeping & Accountancy Sample Question Paper :
Q1. The purpose of preparing final accounts is to ascertain 1
a) Profit or loss
b) Capital
Update : CBSE X STD Elements of Book Keeping & Accountancy Sample Question Paper 2019-20 : www.pdfquestion.in/34653.html
c) The value of assets
d) Profit or loss and financial position
Q2. Trading Account shows 1
a) Financial position of the concern
b) Gross profit
c) Net profit
d) Net profit and financial position
Q3. Balance sheet shows 1
a) Profit or loss
b) Financial position
c) Errors of accounts
d) Total debtors
Q4. Trading and Profit & Loss Account is prepared 1
a) At the end of calendar year
b) At the beginning of the accounting year
c) On every Diwali
d) At the end of accounting year
Q5. Balance Sheet is prepared 1
a) For a particular period
b) On a particular date
c) For the whole year
d) For a decade
Q6. Balance sheet shows 1
a) Assets only
b) Liabilities only
c) Both assets & Liabilities
d) Neither assets nor liabilities
Q7. Excess of credit in Profit and Loss account is called 1
a) Net profit
b) Net loss
c) Gross profit
d) Gross loss
Q8. Wages and Salaries appearing in Trial Balance is shown 1
a) On the debit side of Trading A/c
b) On the debit side of Profit and Loss Account
c) On the Asset Side of the Balance Sheet
d) On the liabilities side of Balance Sheet
Q9. Land is 1
a) Current Asset
b) Fixed asset
c) A liability
d) Capital
Q10. Identify the current asset from the following 1
a) Plant
b) Cash at bank
c) Creditors
d) Capital
Q11. Generally accounts under single entry system are maintained by 1
a) Sole Trader
b) Company
c) Society
d) Partnership Firms
Q12. Single entry system of book keeping is 1
a) Accurate
b) Systematic
c) Unscientific
d) Rationale
Q13. When closing capital is more than the opening capital, it denotes 1
a) Drawings
b) Loss
c) No profit no loss
d) Profit, if there is no introduction of fresh capital
Q14. When closing capital is less than the opening capital, it denotes 1
a) Profit
b) Loss
c) Loss, if there is no drawing
d) Expenses
Q15. 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
Q16. Single Entry System is a 1
a) Complete System
b) Incomplete System
c) Hybrid System
d) None of the above
Q17. Drawer in bill of exchange is a person 1
a) Who draws a bill
b) Who accepts the bill
c) Who makes the payment
d) Who receives the payment
Q18. Endorsing the bill means 1
a) Giving the bill on charity
b) Depositing the bill with the government treasury
c) Transferring the bill to another person by the holder
d) Receiving the bill from creditors
Q19. Give three differences between Trading Account and Profit and Loss Account. 3
Q20. Calculate Closing Capital 3
Opening capital 1,70,000: Profit for the year 1,20,000: Drawings 70,000. During the year proprietor sold ornaments of his wife for 20,000 and invested the same in business.
Q21. What is meant by “Accounting from Incomplete Records”? State any two characteristics of incomplete records. 3
Q22. Give any three differences between Balance Sheet and Statements of Affairs. 3
Q23. What is meant by a Bill of Exchange? State any two of its characteristics. 3
Q24. Explain any three terms: 3
a) Dishonour Of a Bill
b) Noting Charges
c) Discounting of a bill
d) Endorsement of a bill
Q25. Give any four objectives of preparing financial statements. 4