cbseacademic.nic.in X STD Elements of Book Keeping & Accountancy Sample Question Paper 2019-20 : CBSE Academic

Name of the Board : CBSE Academic
Class : X STD
Document Type : Sample Question Paper
Subject : Elements of Book Keeping & Accountancy
Year : 2019-20
Website : http://cbseacademic.nic.in/SQP_CLASSX_2019_20.html

CBSE X Elements of Book Keeping & Accountancy SQP

Download Question Paper of Class X Elements of Book Keeping & Accountancy 2019-20 is now available in the official website of CBSE Academic.

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Question Paper

1 M/s Singh and Bros. purchased a machine costing Rs. 10,000 on April 1, 2018. Calculate its book value on March 31, 2019 if it is depreciated at 20% per annum on Straight Line Basis.

2 The amount by which the credit side of Profit and Loss Account exceeds the debit side is called
a) Net loss
b) Gross Profit
c) Gross Loss
d) Net Profit

3 In a firm which follows single entry system, ascertains, Capital in the beginning of accounting year by preparing
a) Creditor’s Account
b) Cash Account
c) Opening statement of affairs
d) Profit and Loss Account

4 Out of the following which is not the cause of Depreciation
a) Normal wear and tear
b) Decrease or increase in market price.
c) Use of asset
d) Rate of obsolescence

5 Which of the following is not shown in trading account?
a) Returns inward
b) Wages
c) Salaries
d) Closing Stock

6 What is Depreciation?
7 Copy of customer‘s account with the bank is called
a) Pass book
b) Cash book
c) Bank account
d) Petty cash book

8 Statement of financial position produced from incomplete accounting record is commonly known as ________________ ((fill in the blank )

9 Classify the Following as Capital Expense and Revenue Expense
i) Repair of building
ii) Construction of cycle shed for workers

10 Purchase of machinery for production
a) Capital Expenditure.
b) Revenue Expenditure
c) Deferred Revenue Expenditure.
d) None of the above.

11 Which of following transactions increases the balance as per pass book?
a) Bank charges charged by bank.
b) Payment made by bank as per standing instructions of customer.
c) Interest on overdraft charged by bank.
d) Interest on investment collected by bank

12 Three days added for ascertaining the date of maturity of a bill is known as days of _______________.

13 Single Entry System is a _______________
a) Hybrid System
b) Complete system
c) Incomplete system
d) Difficult system

14 The acceptor of bill of exchange is known as _________
a) Drawer
b) Drawee
c) Endorsee
d) Bank

15 Which among the following asset is never depreciated
a) Building
b) Land
c) Furniture
d) Machinery

16 A 3 month bill drawn on 1st January,2019 will mature for payment on
a) 3rd April,2019
b) 4th April, 2019
c) 5th April,2019
d) 10th April,2019

17 Complete the table below to indicate where the following will appear in Trial Balance Debit or Credit

18 Differentiate between the Capital and Revenue Receipts.
Or
Write any three examples of Revenue Expenditure

19 Anand sold goods worth ?.20,000 to Gursimar and drew a bill for two months which was duly accepted by Anand give journal entries (on maturity) in the books of Anand, when the bill duly met on maturity.
Or
Ravi sold goods worth ?.45,000 to Raman paid 20,000 and accepted a bill for forty five days for the balance. Give journal entries (on maturity) in the books of Ravi, When the bill got dishonoured on maturity..

20 Even when it’s is not compulsory to prepare Bank Reconciliation Statement; It is prepared on any date decided by firm to check that all transactions relating to money deposited with and withdrawn from bank are properly recorded by the firm’s personnel. What purpose does Bank Reconciliation Statement solve?

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21 Distinguish between Straight line and Diminishing Balance Method of charging Depreciation on the basis of
(a) Depreciation Charge
(b) Amount of Depreciation
(c) Suitability

22 What is deferred revenue expenditure? Give one example. 3
23 Discuss any two causes of difference in the balances of cash book and pass book. 4

24 Anita drew a bill on Kavita for Rs. 15,000 on 15th July 2019 for two months. Anita endorsed the bill to Sunita in full settlement of her dues of Rs. 16,000. The bill was met on maturity. Journalize in books of Anita and Kavita
Or
On March 15, 2018 Shiv sold goods for Rs. 16,000 to Himank on credit. Himank accepted a bill of exchange drawn upon him by Shiv payable after three months. On April, 15 Shiv endorsed the bill in favour of his creditor Priya in full settlement of her debt of Rs. 16,500. On May 15, Priya discounted the bill with her bank @ 12% p.a. On the due date Himank met the bill. Record the necessary journal entries in the books of Shiv.

25 The following Legder Balances were extracted from the books of Aakash Deep on 31-03- 2019. Prepare Profit and Loss account for him.

26 Differentiate between Double entry and Single entry system, any four. (Incomplete Records)
Or
Discuss any four limitations of Single entry system of bookkeeping.

27 Starwars Toys Pvt Ltd. purchased a machinery for Rs. 5,00,000 on 1st July 2017 and spent Rs.20,000 on its installation and insurance and also spent Rs.30,000 on its transportation. It is to be depreciated @10% p.a. on straight Line Basis method. If the accounts are closed on 31st march each year give journal entry on the date of purchase and prepare Machinery account for two years ending 31-03-2019.
Or
On 1st April, 2016, a company purchased a machinery for Rs. 1,80,000. It spent Rs 20,000 on its erection. On 1st Oct, 2017 it purchased second machinery for Rs. 40,000. The company writes off Depreciation at 10% p.a. on Diminishing balance method. Prepare machinery account for three years ending 31st March, 2019.

28 Debit balance shown by the cashbook of M/s. Rattan Lal Dealers is Rs. 75,000. Prepare Bank Reconciliation statement on September 31, 2019.
a) Bank charges debited as per pass book Rs. 1,000, no entry regarding same has been there in Cash Book.
b) Interest collected by bank but not recorded in Cash Book Rs. 8,000
c) Insurance premium of Mr Rattan Lal Rs. 5,000 paid by bank directly as per standing instructions, accountant has not made any entry in Cash book for same.
d) Cheque recorded in Cash Book but not sent for collection Rs.9,000

29 Following is the position of M/s Kabir and Sons (who maintains his accounts in incomplete system) as on 31-03-2018 and 31-03-2019.

30 Prepare Trading and Profit and Loss account for M/s Green Electricals and Sons from the following information for the year ending 31-03-2019 when Closing stock is valued at 20,000.