CBSE Class 10 Question Paper 2026 Element Book Keeping

FOR CBSE CLASS 10 EXAM PREPARATION

CBSE Class 10 2026
Question Paper ·
Element Book Keeping
EXAM YEAR TYPE SUBJECT

CBSE Class 10 2026 Question Paper Element Book Keeping

Notes · Sample Papers · Previous Year Papers · Mock Tests

m
m .co

m .co s e m
se g l a
Series : LKM4N a SET~4

135
- 
Q.P. Code
 .
Roll No.  -   - 
-    
Candidates must write the Q.P. Code
m
.co
on the title page of the answer-book.
m
c. o s e m
s em     () g l a
l a a
agELEMENTS OF BOOK-KEEPING AND
ACCOUNTANCY (Commerce)
  : 3    : 70
Time allowed : 3 hours Maximum Marks : 70

 : NOTE :

(I)       -    (I) Please check that this question
m
15  
c. o paper contains 15 printed pages.
(II) -        -em(II) Q.P. Code given on the right hand
 s
   -  -la side of the question paper should
  ag be written on the title page of the
answer-book by the candidate.
(III)       -  30  (III) Please check that this question
  paper contains 30 questions.

(IV)         , (IV) Please write down the serial
-        number of the question in the
answer-book at the given
  
place before attempting it.
m
m (V)
 -     15   
co     -    
(V)
m .co
15 minute time has been allotted
to read this question paper. The
. s e
s em 10.15     10.15   question paper
g l a will
distributed at 10.15 a.m. From
be

l a 10.30     -  a
ag
10.15 a.m. to 10.30 a.m., the
       - candidates will read the
      {} question paper only and will not
write any answer on the answer-
book during this period.
~135~ 1130 1  P.T.O.

m .
.co s e m
s em l a
g la ag
a For more Question Papers, Sample Papers, Notes & Syllabus visit Page 1 of 16

  :
(i)  -  30   
(ii)  1 – 18   1    
(iii)  19 – 22   3    
(iv)  23 – 26   4    
(v)  27 – 30   6    

1. (a)                  ? 1
(A)   (B)  
(C)   (D)    

(b) ` 5,000             _____ 
  
(A)   (B)  
(C)   (D)  

2. (a)     _____   1
(A)   (B)  
(C)   (D)  

(b)               ?
(A)  
(B)        
(C)    
(D)   

3.  I :                1
 II :     
     :
(A)  I    II   
(B)  I    II   
(C)     
(D)     
~135~ { } 2 

For more Question Papers, Sample Papers, Notes & Syllabus visit Page 2 of 16

m
m .co

m .co s e m
se g l a
a
General Instructions :
(i) This question paper contains 30 questions.
(ii) Question 1 to 18 are of 1 mark each.
(iii) Question 19 to 22 are of 3 marks each.
(iv) Question 23 to 26 are of 4 marks each.
(v) Question 27 to 30 are of 6 marks each.
m
m .co
.co
1. (a) Wages paid for erection of machinery are debited to 1
e m
em
(A) Wages Account (B) Machinery Account
l as
as
(C) Trading Account
l
(D) Profit & Loss Account
ag
ag OR
(b) ` 5,000 spent to remove a worn out part of a machine and replace it
with a new part is an example of
(A) Revenue Expenditure (B) Capital Receipt
(C) Deferred Expenditure (D) Capital Expenditure

2. (a) Purchase of a machine is a 1
(A) Revenue receipt (B) Capital receipt
m
(C) Capital expenditure
.co
(D) Deferred expenditure
m
OR
s e
(b) la
Which of the following is not a merit of reducing yearly instalment
g
method ? a
(A) Easy calculation
(B) Equal burden on Profit & Loss each year
(C) Approved by Tax Authorities
(D) Difficult to calculate

3. Statement I : Depreciation charged at the end of the year will be
credited to asset account. m
.co
1
m
.co
Statement II : Depreciation is a capital expenditure.
e m
e m Choose the correct option :
l as
las (A) Statement I is correct and Statement II is incorrect.
ag
ag (B) Statement I is incorrect and Statement II is correct.
(C) Both Statements are correct.
(D) Both Statements are incorrect.
~135~ { } 3  P.T.O.

m .
.co s e m
s em l a
g la ag
a For more Question Papers, Sample Papers, Notes & Syllabus visit Page 3 of 16

4. (a) 1 , 2024  ` 6,00,000            
10%         31       31 , 2025
    : 1
(A) ` 60,000 (B) ` 45,000
(C) ` 55,500 (D) ` 54,000

(b) 1 , 2024         ` 10,00,000 ,  
15%             31      
31 , 2026      :
(A) ` 1,27,500 (B) ` 1,44,375
(C) ` 69,375 (D) ` 1,38,750
5.  I :              
    1
 II :             
     :
(A)  I    II    (B)  I    II   
(C)      (D)     
6. (a)  I :         1
 II :            
     :
(A)      (B)     
(C)   II    (D)   I   

(b)    _________        
(A)       (B)      
(C)         (D)      

7. 31 , 2024      3             : 1
(A) 3 , 2024 (B) 29 , 2024
(C) 21 , 2024 (D) 13 , 2024

8. (a) - ,          _________ 
   1
(A)   (B)  
(C)   (D)  

~135~ { } 4 

For more Question Papers, Sample Papers, Notes & Syllabus visit Page 4 of 16

m
m .co

m .co s e m
se g l a
a
4. (a) On 1st July 2024, a machine is purchased for ` 6,00,000. Depreciation
is charged @ 10% p.a. on original cost method on 31st March each
year. Depreciation charged on 31st March, 2025 will be : 1
(A) ` 60,000 (B) ` 45,000
(C) ` 55,500 (D) ` 54,000
OR
(b) On 1st October 2024, a machine is purchased for ` 10,00,000.
Depreciation is charged @ 15% p.a. on diminishing balance method m
on 31st March each year. The amount of depreciation on 31st March,
m .co
.co m
2026 will be
(A) ` 1,27,500 (B) ` 1,44,375 s e
s em
(C) ` 69,375 (D) ` 1,38,750
g l a
l a a
5.
ag
Statement I : Estimated sale value
is called scrap value.
of an asset after its working life
1
Statement II : On sale of an asset, sales account is credited.
Choose the correct option :
(A) Statement I is true and Statement II is false.
(B) Statement I is false and Statement II is true.
(C) Both Statements are true.
(D) Both Statements are false.
6. (a) m
Statement I : Bank Reconciliation Statement is not an account. 1
c. o
Statement II : Bank Reconciliation Statement is prepared on a
certain date.
e m
Choose the correct option :
las
ag
(A) Both Statements are false. (B) Both Statements are true.
(C) Only Statement II is true. (D) Only Statement I is true.
OR
(b) Bank Reconciliation Statement is prepared with the help of _________.
(A) Balance as per Cash Book only
(B) Balance as per Pass Book only
(C) Balance as per Cash Book or Pass Book
(D) Balance as per Bank Account only
7. On 31st January 2024, Mahesh draws a bill on Rajesh for 3 months, the m
c. o
m due date will be _________.
(A) 3rd May, 2024 (B) 29th May, 2024 m.co 1

m (C) 21st July, 2024 (D) 13th May, 2024 s e
s e g l a
g la 8. (a) A bill of exchange is called a _________ by one who is liable to pay its
amount. a 1
a (A) Trade receivable
(C) Bills payable
(B) Bills receivable
(D) Trade payable
OR
~135~ { } 5  P.T.O.

m .
.co s e m
s em l a
g la ag
a For more Question Papers, Sample Papers, Notes & Syllabus visit Page 5 of 16

(b)  ,  (A)   (R)          
   :
 (A) :            
    
 (R) :         ,   
   
(A)   (A)   (R)   
(B)   (A)   (R)   
(C)  (A)    (R)   
(D)  (A)    (R)   

9.           : 1
(i)      – ` 5,000
(ii)           – ` 2,000
(A)    – ` 3,000 (B)  – ` 3,000
(C)    – ` 7,000 (D)  – ` 7,000

10. (a)       : 1
(A)      (B)     
(C)      (D)      

(b)     _____     
(A)  (B)   
(C)  (D)    
11. (a)             25%      
 ` 1,80,000   1
(A) ` 60,000 (B) ` 36,000
(C) ` 45,000 (D) ` 30,000

(b)      : ` 1,50,000;   : ` 40,000,   :
` 60,000;      _____  
(A) ` 1,30,000 (B) ` 1,70,000
(C) ` 50,000 (D) ` 1,000
12.         1
(A)   (B) 
(C)     (D)   
~135~ { } 6 

For more Question Papers, Sample Papers, Notes & Syllabus visit Page 6 of 16

m
m .co

m .co s e m
se g l a
a
(b) Read the following statements Assertion (A) and Reason (R). Choose
the correct alternative from the below given alternatives :
Assertion (A) : Under straight line method of charging
depreciation, the book value of an asset will never
become zero.
Reason (R) : Under straight line method of charging
depreciation, the depreciation is charged at book
value. m
m
(A) Both Assertion (A) and Reason (R) are incorrect. .co
.co
(B) Both Assertion (A) and Reason (R) are correct.
s e m
em
(C) Assertion (A) is correct but Reason (R) is incorrect.
s l a
g la
(D) Assertion (A) is incorrect but Reason (R) is correct.
ag
9. a out the Bank Balance as per Cash Book from the following
Find
particulars : 1
(i) Overdraft as per Pass Book – ` 5,000
(ii) Cheque deposited into the bank but not credited – ` 2,000
(A) Favourable balance – ` 3,000 (B) Overdraft – ` 3,000
(C) Favourable balance – ` 7,000 (D) Overdraft – ` 7,000
10. (a) Unfavourable bank balance means 1
(A) Credit balance in the cash book m
(B) Credit balance in the pass book
m .co
(C) Debit balance in the cash book
s e
(D) No balance in the cash book
OR g la
(b) a
A bank reconciliation statement is prepared by
(A) Bank (B) Customers of the bank
(C) Creditors (D) Auditor
11. (a) Calculate the gross profit if rate of gross profit is 25% on sale and
cost of goods sold is ` 1,80,000. 1
(A) ` 60,000 (B) ` 36,000
(C) ` 45,000 (D) ` 30,000
OR m
m
(b) Cost of goods sold : ` 1,50,000 ; Closing Stock : ` 40,000, Opening
.co
m .co Stock : ` 60,000. Amount of purchase will be
s e m
s e (A) ` 1,30,000
(C) ` 50,000
(B) ` 1,70,000
(D) ` 1,000 g l a
g la a
a 12. Debit balance in Pass Book means
(A) Bank charges (B) Overdraft
1

(C) Cheques issued (D) Commission charged

~135~ { } 7  P.T.O.

m .
.co s e m
s em l a
g la ag
a For more Question Papers, Sample Papers, Notes & Syllabus visit Page 7 of 16

13. (a)      ,      1
(A)   (B)  
(C)    (D)   

(b)    ,  (A)   (R)         
     :
 (A) : -             
 (R) : -             
(A)   (A)   (R)   
(B)   (A)   (R)   
(C)  (A)    (R)   
(D)  (A)    (R)   

14. (a)    ` 10,000    ` 15,000 ,      : 1
(A) ` 5,000   (B) ` 2,500  
(C) ` 5,000   (D) ` 10,000  

(b)              ?
(A)    (B)   
(C)   (D)  

15.           ? 1
(A)   ( ) (B)  
(C)     (D)  
16. (a)        ? 1
(A) 2 (B) 5
(C) 7 (D) 3

(b)    ,  (A)   (R)         
     :
 (A) :     , ‘’  ‘’   
 (R) :           
(A)   (A)   (R)   
(B)   (A)   (R)   
(C)  (A)    (R)   
(D)  (A)    (R)   
~135~ { } 8 

For more Question Papers, Sample Papers, Notes & Syllabus visit Page 8 of 16

m
m .co

m .co s e m
se g l a
a
13. (a) Days of grace are not allowed when the bill is payable _________. 1
(A) on order (B) on demand
(C) after four months (D) after five months
OR
(b) Read the following statements Assertion (A) and Reason (R) and
choose the correct option from the options given below :
Assertion (A) : Bill of Exchange is drawn by the buyer and
accepted by the seller. m
Reason (R) m
: Bill of Exchange is drawn by the debtor and is .co
m .co accepted by the creditor.
s e m
e
(A) Both Assertion (A) and Reason (R) are incorrect.
s l a
g l a
(B) Both Assertion (A) and Reason (R) are correct.
(C) Assertion (A) is correct and Reason (R) is incorrect. ag
a (D) Assertion (A) is incorrect and Reason (R) is correct.

14. (a) If opening capital is ` 10,000 and closing capital is ` 15,000, then
profit or loss is : 1
(A) Loss of ` 5,000 (B) Profit of ` 2,500
(C) Profit of ` 5,000 (D) Profit of ` 10,000
OR
(b) What should be added in closing capital for calculating opening
m
.co
capital ?
(A) Loss and drawings (B) Profit and drawings
(C) Profit only
s em (D) Loss only

g la of the Final Accounts ?
15. Which of these is not a component 1
(A) Balance Sheet a (B) Trading Account
(C) Profit & Loss Account (D) Transaction Receipt

16. (a) How many components do Final Accounts have ? 1
(A) 2 (B) 5
(C) 7 (D) 3
OR
(b) Read the following statements Assertion (A) and Reason (R) and
m
.co
choose the correct option from the options given below :
m
.co
Assertion (A) : Balance Sheet of a business shows ‘Assets’ and
‘Liabilities’. e m
e m Reason (R) : Balance Sheet is prepared on a particular date.
l as
las (A) Both Assertion (A) and Reason (R) are true.
ag
ag (B) Both Assertion (A) and Reason (R) are false.
(C) Assertion (A) is true and Reason (R) is false.
(D) Assertion (A) is false and Reason (R) is true.

~135~ { } 9  P.T.O.

m .
.co s e m
s em l a
g la ag
a For more Question Papers, Sample Papers, Notes & Syllabus visit Page 9 of 16

17. (a)       _____     1
(A)   (B)  
(C)  (D) 

(b)    _____      
(A)     (B)      ( )
(C)   (D)  
18. (a)  _____        1
(A)    (B) - 
(C)   (D)  

(b)        :
(A)   (B)  
(C)   (D)  
19.        ?     3
20.                 ,   
      : 3
(i)       
(ii)       ` 6,000     
(iii)         ` 50,000   
21.               3
22. (a) 1 , 2024  X  Y  ` 50,000       X  Y  ` 50,000
            Y        X
             X    
   3

(b) 1 , 2024      ` 8,000        
                
  
23. 15 , 2024  X  Z  ` 10,000     4        
15 , 2024  X  18%              X 
       4
~135~ { } 10 

For more Question Papers, Sample Papers, Notes & Syllabus visit Page 10 of 16

m
m .co

m .co s e m
se g l a
a
17. (a) The debit side of trading account records : 1
(A) Direct expenses (B) Indirect expenses
(C) Salary (D) Commission
OR
(b) Closing stock is recorded in the
(A) Profit & Loss Account
(B) Trading Account and Balance Sheet
(C) Cash Book m
m
(D) Machinery Account .co
m .co s e m
18. (a)
e
Trial Balance cannot be prepared in
s l1a
g l a
(A) Single entry system
(C) Accrual system
(B) Double entry system
(D) Mercantile system ag
a OR
(b) Debit balance in Trading Account indicates :
(A) Gross profit (B) Gross loss
(C) Net profit (D) Net loss

19. What are capital losses and revenue losses ? Give two examples. 3

20. A firm incurred the following expenditure on following items. Identify the
m
.co
items of Capital Expenditure, Revenue Expenditure and Deferred Revenue
Expenditure. 3
s
(i) Repairs to a second-hand motor car purchased. em
l a
(ii) Spent ` 6,000 as legal expenses for abuse of trade mark.
ag
(iii) A sum of ` 50,000 was spent on dismantling and removing plant and
machinery.

21. Define Depreciation. Give any two causes of Depreciation. 3

22. (a) On 1st January 2024, X sold goods to Y for ` 50,000. On the same
date X drew a bill on Y for ` 50,000 due after three months. Y
accepted the bill and returned it to X. The bill was met on due date.
Pass Journal Entries in the books of X. m 3
m OR c. o
c. o (b) On 1st January 2024, Shankar purchased goods from Parvati for
s e m
e m ` 8,000 and accepted a bill for three months. The bill was met on due
l a
las date. Pass Journal Entries in the books of Shankar.
ag
ag 23. X received from Z, an acceptance for ` 10,000 on 15th March, 2024 at 4
months. X discounted the bill on 15th April, 2024 at 18% p.a. at his bank.
Give the Journal Entries in the books of X. 4
~135~ { } 11  P.T.O.

m .
.co s e m
s em l a
g la ag
a For more Question Papers, Sample Papers, Notes & Syllabus visit Page 11 of 16

24. (a)    31 , 2024       : 4
(i)       ` 10,000
(ii)          ` 3,000
(iii) ` 295           
(iv)        ` 200    

(b)    31 , 2024       :
(i)      (Cr)  ` 6,920
(ii)           ` 4,000
(iii)       ` 600
(iv) ` 6,000             

25. A  1 , 2023  ` 30,000           
31 , 2024    ` 50,000    ` 10,000   
           4
26.            4
27. (a)            -    6

(b)   1 , 2023  ` 5,00,000         
   10%     ` 2,00,000   (    
 )       ` 1,30,000      
31 , 2024      :
`
  40,000
  1,20,000
 5,10,000
 4,50,000
 2,80,000
       ` 20,000         
      
28. 31 , 2024      ` 49,000      
31 , 2024         6
(i)     ` 8,000        
(ii)   ` 500   
(iii) ` 10,000                 
(iv)        ` 6,000   
(v)   ` 100        

~135~ { } 12 

For more Question Papers, Sample Papers, Notes & Syllabus visit Page 12 of 16

m
m .co

m .co s e m
se g l a
a
24. (a) From the following information, prepare Bank Reconciliation
Statement as on 31st March, 2024 : 4
(i) Debit balance as per Cash Book ` 10,000.
(ii) Cheque issued but not yet presented for payment amounted ` 3,000.
(iii) A cheque for ` 295 deposited in the bank has been dishonoured.
(iv) Payment side of Cash Book has been undercast by ` 200.
OR
(b) Prepare Bank Reconciliation Statement of Ram as on 31st March, 2024 : m
m
(i) Credit balance as per cash book ` 6,920 .co
.co
(ii) Cheque drawn but not presented for payment ` 4,000
s e m
em
(iii) Interest credited by bank ` 600
s l a
g la(iv) Cheques deposited into bank for payment but not cleared ` 6,000
ag
25. A a
commenced his cloth business on 1 April, 2023 with a capital of
st

` 30,000. On 31st March, 2024 his assets were ` 50,000 and liabilities were
` 10,000. Find out his closing capital and profits earned during the year. 4

26. Give any four differences between Current Liabilities and Fixed Assets. 4

27. (a) Differentiate between Tangible Assets and Intangible Assets. Give
two examples of each. 6
OR
m
(b)
.co
Alka started a business with a capital of ` 5,00,000 on 1st October,
m
2023. She borrowed from her husband a sum of ` 2,00,000 @ 10% p.a.
s e
(interest not yet paid) for business and brought a further amount of
` 1,30,000 as capital.
g la
a
On 31st March 2024, her position was following :
`
Cash in hand 40,000
Bank Balance 1,20,000
Stock 5,10,000
Debtors 4,50,000
Creditors 2,80,000
She withdrew ` 20,000 per month during this period. Calculate her
profit or loss for the period.
o m
m 31 March 2024, the Cash Book of Sanjay showed debitmbalance . c
c. o `On49,000.
28. st

Prepare Bank Reconciliation Statement as on 31 s e of

e m (i) Ramesh, l a March, 2024. st 6

l as a debtor, deposited a cheque of ` 8,000 g
directly
a
into the bank.

ag
(ii) Bank allowed an interest of ` 500.
(iii) Cheque for ` 10,000 issued to Ramesh was not presented for payment.
(iv) Bank debited ` 6,000 being insurance premium paid.
(v) Bank debited ` 100 as bank charges.
~135~ { } 13  P.T.O.

m .
.co s e m
s em l a
g la ag
a For more Question Papers, Sample Papers, Notes & Syllabus visit Page 13 of 16

29. 1 , 2024      ` 1,40,000        
  ` 10,000            10%    
        31       3    
    6

30.       , -       : 6
  (`)
  35,000
  50,000
   1,00,000
  16,000
   40,000
 30,000
 2,000
  5,000
 3,000
   15,000
 10,000
 8,000
 20,000
 20,000
 1,00,000
  25,000
   57,000
 
 2,50,000
 6,000
  1,10,000
 1,70,000
31 , 2024     ` 1,00,000  
_____________

~135~ { } 14 

For more Question Papers, Sample Papers, Notes & Syllabus visit Page 14 of 16

m
m .co

m .co s e m
se g l a
a
29. Sameer & Bros. purchased a machine on 1st October, 2024 at a cost of
` 1,40,000 and spent ` 10,000 on its installation. The firm writes off
depreciation @ 10% p.a. of the original cost every year. The books are
closed on 31st March every year. Prepare Machinery Account for 3 years. 6

30. Prepare Trading and Profit & Loss Account and Balance Sheet from the
following information : 6
m
Debit Balances
c o m (`)
m .co
.
Sundry Debtors
m 35,000
s e
e
OpeningsStock l a
ag
50,000
g
Land
a
l& Building 1,00,000
a
Cash in hand 16,000
Cash at bank 40,000
Wages 30,000
Interest 2,000
Bad debts 5,000
Repairs 3,000
m
Furniture and Fixtures 15,000
.co
Depreciation
s em10,000
Rent
g la 8,000
Salaries a 20,000
Drawings 20,000
Purchase 1,00,000
General Expenses 25,000
Plant & Machinery 57,000
Credit Balances
m
.co
Capital 2,50,000
m Interest
.co
6,000
e m
e m Sundry Creditors 1,10,000
l as
las Sales 1,70,000
ag
ag On 31 March, 2024 the stock was valued at ` 1,00,000.
st

_____________

~135~ { } 15  P.T.O.

m .
.co s e m
s em l a
g la ag
a For more Question Papers, Sample Papers, Notes & Syllabus visit Page 15 of 16

~135~ { } 1130 16 

For more Question Papers, Sample Papers, Notes & Syllabus visit Page 16 of 16