CBSE Class 10 Elements of Bookkeeping And Accountancy Sample Paper 2024-25 FREE PDF Download: The Central Board of Secondary has made available the latest sample paper for class 10 Elements of Bookkeeping And Accountancy. Students can download the Elements Of Bookkeeping and Accountancy sample paper PDF for free from this article. Elements of Bookkeeping and Accountancy is a subject that covers the recording and analysis of financial transactions in a business.
CBSE Class 10 Elements of Bookkeeping And Accountancy Sample Paper 2024-25
CBSE Class 10 Elements of Bookkeeping And Accountancy Sample 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
OR
Match the following:
| Column I | Column II |
| a) Goods Purchased | i. Revenue Receipt |
| b) Rent Received | ii. Capital Receipt |
| c) Sale of Investment | iii. Capital Expenditure |
| d) Furniture purchased | iv. Revenue Expenditure |
2 (A). If the Bank Reconciliation Statement is prepared with a favourable passbook Balance, it was noticed that Cash was deposited in the bank for ₹ 35,000 but recorded as ₹ 3,500 in the Cash Book. How it will be shown in the Bank Reconciliation Statement?
A. Added ₹ 35,000
B. Subtracted ₹ 35,000
C. Added ₹ 31,500
D. ₹ Subtracted ₹ 31,500
OR
2 (B). If the Bank Reconciliation Statement is prepared with a favourable Cash Book Balance, it was noticed that Cash was withdrawn from the bank ₹ 40,000 but recorded as ₹ 4,000 in the Cash Book. How it will be shown in the 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 benefits to the business only for five years.
Statement II: Revenue Expenditure is shown as Assets in the Balance Sheet. 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, and Statement II is false.
D. Statement II is true, and Statement I is false.
4. During the year ended March 31, 2024, the Salary paid was ₹80,000 out of the 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 the Bank Reconciliation Statement is prepared with a Debit balance as per the Cash Book; the Balance derived will be only the Credit Balance as per the Cash Book.
Statement II: The 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, and Statement II is false.
D. Statement II is true, and 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 is incurred in the 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). A firm purchased a 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
7 (B). A firm purchased a Building of ₹ 10,00,000 on 1st April 2021. Depreciation was to be charged @10% p.a by the 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 needs 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
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CHECK: CBSE Class 10 Elements of Bookkeeping And Accountancy Sample Paper 2024-25 Free PDF Download
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CHECK: CBSE Class 10 Elements of Bookkeeping And Accountancy Sample Paper Marking Scheme 2024-25
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