CBSE Class 10 Question Paper 2026 Solution Elements of Book Keeping & Accountancy

FOR CBSE CLASS 10 EXAM PREPARATION

CBSE Class 10 2026
Question Paper
Solution · Elements of
Book Keeping,
Accountancy
EXAM YEAR TYPE

CBSE Class 10 2026 Question Paper Solution
SUBJECT

Elements of Book Keeping, Accountancy

Notes · Sample Papers · Previous Year Papers · Mock Tests

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. c Marking Scheme
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Strictly Confidential
(For Internal and Restricted use only)
Secondary School Examination, 2026 (Xth) ag
SUBJECT NAME : Elements of Book-Keeping & Accountancy
(Q.P. CODE / Set No. 254/135) (REVISED)

General Instructions: -
1 You are aware that evaluation is the most important process in the actual and correct
assessment of the candidates. A small mistake in evaluation may lead to serious
problems which may affect the future of the candidates, education system and
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teaching profession. To avoid mistakes, it is requested that before starting evaluation,
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you must read and understand the spot evaluation guidelines carefully.
“Evaluation.policy is a confidential policy as it is related to the confidentiality e
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etompublic in conducted, evaluation done and several other aspects. Its a
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leakages
of the examinations
a any manner could lead to derailment of the examination
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g and affect the life and future of millions of candidates. Sharing this
asystem
policy/document to anyone, publishing in any magazine and printing in
Newspaper/Website, etc. may invite action under various rules of the Board
and IPC.”
3 Evaluation is to be done as per instructions provided in the Marking Scheme. It should
not be done according to one’s own interpretation or any other consideration. Marking
Scheme should be strictly adhered to and religiously followed. However, while
evaluating, answers which are based on latest information or knowledge and/or
are innovative, they may be assessed for their correctness otherwise and due

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marks be awarded to them. In Class-X, while evaluating two competency-based

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questions, please try to understand given answer and even if reply is not from
marking scheme but correct competency is enumerated by the candidate, due
marks should be awarded.
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The Marking scheme carries only suggested value points for the answers.

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These are in the nature of Guidelines only and do not constitute the complete answer.
The students can have their own expression and if the expression is correct, the due
marks should be awarded accordingly.
5 The Head-Examiner must go through the first five answer books evaluated by each
evaluator on the first day, to ensure that evaluation has been carried out as per the
instructions given in the Marking Scheme. If there is any variation, the same should
be zero after deliberation and discussion. The remaining answer books meant for
evaluation shall be given only after ensuring that there is no significant variation in
the marking of individual evaluators.
Evaluators will mark ( √ ) wherever answer is correct. For wrong answer CROSS ‘X’
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be marked. Evaluators will not put right (✓) while evaluating which gives an

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impression that answer is correct and no marks are awarded. This is most common

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mistake which evaluators are committing.
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If a question has parts, please award marks on the right-hand side for each part.
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Marks awarded for different parts of the question should then be totaled up and

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written in the left-hand margin and encircled. This may be followed strictly.
8 If a question does not have any parts, marks must be awarded in the left-hand margin
and encircled. This may also be followed strictly.
9 If a student has attempted an extra question, answer of the question deserving more
marks should be retained and the other answer scored out with a note “Extra
Question”.
10 No marks to be deducted for the cumulative effect of an error. It should be penalized
only once.
11 A full scale of marks (example 0 to 80/70/60/50/40/30 marks as given in
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Question Paper) has to be used. Please do not hesitate to award full marks if the
answer deserves it.
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12 Every examiner has to necessarily do evaluation work for full working hours i.e., 8
hours every day and evaluate 20 answer books per day in main subjects and 25
answer books per day in other subjects (Details are given in Spot Guidelines).This is
in view of the reduced syllabus and number of questions in question paper.
13 Ensure that you do not make the following common types of errors committed by the
Examiner in the past :-
● Leaving answer or part thereof unassessed in an answer book.
● Giving more marks for an answer than assigned to it.
● Wrong totaling of marks awarded on an answer.
● Wrong transfer of marks from the inside pages of the answer book to the title
page.
● Wrong question wise totaling on the title page.
● Wrong totaling of marks of the two columns on the title page.
● Wrong grand total.
● Marks in words and figures not tallying/not same.
● Wrong transfer of marks from the answer book to online award list.
● Answers marked as correct, but marks not awarded. (Ensure that the right tick
mark is correctly and clearly indicated. It should merely be a line. Same is with
the X for incorrect answer.)
● Half or a part of answer marked correct and the rest as wrong, but no marks
awarded.
14 While evaluating the answer books if the answer is found to be totally incorrect, it
should be marked as cross (X) and awarded zero (0) Marks.
15 Any unassessed portion, non-carrying over of marks to the title page, or totaling error
detected by the candidate shall damage the prestige of all the personnel engaged in
the evaluation work as also of the Board. Hence, in order to uphold the prestige of all
concerned, it is again reiterated that the instructions be followed meticulously and
judiciously.
16 The Examiners should acquaint themselves with the guidelines given in the
“Guidelines for Spot Evaluation” before starting the actual evaluation.
17 Every Examiner shall also ensure that all the answers are evaluated, marks carried
over to the title page, correctly totaled and written in figures and words.
18 The candidates are entitled to obtain photocopy of the Answer Book on request on
payment of the prescribed processing fee. All Examiners/Additional Head
Examiners/Head Examiners are once again reminded that they must ensure that
evaluation is carried out strictly as per value points for each answer as given in the
Marking Scheme.
19 If a candidate attempts both alternatives/options in a question where only one
option/alternative is required to be attempted, the Evaluator shall award marks
in both the options. The system will take the higher of two scores and disregard
the other response.
20 In a question having two options/alternatives, if a candidate has attempted only
one, then the evaluator shall mark “NA” (Not attempted) against the option that
has not been attempted by the candidate.

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MARKING SCHEME
Elements of Book-Keeping and Accountancy (Subject Code-254) ag
(PAPER CODE : 135) (M1350254)
Q.No. EXPECTED OUTCOMES/VALUE POINTS Marks
1. (b) Machinery Account 1
OR
(a) Revenue Expenditure
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2. (b) Capital Expenditure 1
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(d) Difficult to calculate
(a) asStatement (I) is correct and statement (II) is incorrect
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4. a(b) 45,000 1

OR
(d) 1,38,750
5. (a) Statement (I) is true and statement (II) is false. 1
6. (b) both the statements are true 1

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OR
(c) Balance as per cash book or pass book
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7. (a) 3rd May
s em 1
8. (A) (c) Bills payable
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a OR
(B) Both assertion (A) and reason (R) are incorrect
9. (b) Overdraft = ` 3000 1

10. (a) Credit balance in the Cash Book 1
OR
(b) Customers of the bank
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(a) 60,000
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OR
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13. (A) (b) on demand 1
OR
(B) (a) Both statements are incorrect

14. (c) Profit Rs. 5000 1
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OR
(a) Loss and Drawings
15. (d) Transaction receipts 1
16. (d) 3 1

OR

(a) Both assertion (A) and Reason (R ) are true
17. (a) Direct expenses 1
OR
(b) Trading Account and Balance Sheet
18. (a) Single entry system. 1
OR
(b) Gross Loss
19. Capital loss is a loss that occurs when a capital asset, like real estate or an 3
investment decrease in value, and sold for less that its original purchase price
Revenue loss is a loss that occurs when a business’s operations make less money
than expected.
Example 
1. Capital loss – loss on fixed assets
2. Loss an sale of fixed asset
Revenue loss – (1) loss by fire or theft
(2) Bad debt
20. (a) Capital expenditure 3
(b) Revenue expenditure
(c) Deferred Revenue expenditure
21. Depreciation may be defined as the permanent and continuing diminution in the 3
quality, quantity or the value of an asset.
Two cause :- (a) By constant use
(b) By expiry of time
22(a) Book of X 3
Date Particular LF Dr (`) Cr (`)

1/1/24 Y’s A/c Dr 50,000
To sale A/c 50,000
(Being goods sold to Y)
1/1/24 Bills receivable A/c Dr 50,000
To Y’s A/c 50,000

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(Being bill accepted by Y)
4/4/24 Cash/Bank A/c Dr a g
50,000
To Bills receivable A/c 50,000
Being Amt received undue
date

OR
22(b) Books of Shankar
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Date Particulars L.F Debit (`) Credit (`)
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1/3/24 Purchase A/c Dr 8,000
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To Parvati’s A/c 8,000
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a 1/3/24 Parvati’s A/c Dr 8,000
To B/P A/c 8,000
(Being bill accepted)
5/4/24 Bill Payable A/c Dr 8,000
To Bank/Cash 8,000
(Being bill met)

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23. Book of X 4

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Date Particular L.F Dr (`) Cr (`)

15/3/24 Bill receivable A/c la
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Dr 10,000
To Z 10,000
(Acceptance received)
15/4/24 Bank A/c Dr 9550
Discounting charges A/c Dr 450
To Bills Receivable A/c 10,000
(Bills discounted from Bank )
 
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 10 ,000    ` 450 

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100 12
 

c. o24. Bank Reconciliation statement as on 31st March 2024
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Plus items Mim us items
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ag (a) Debit balance as per - -
cash book ` 10,000 10,000

(b) Cheque issued but not - -
presented for payment 3000
-
(c) Cheque deposited but - -
dis honoured
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-
(d) Payment side of cash book -
undercast - 200
10,500 495
Cr. Balance as per pass Book
10,005
OR
Bank Reconciliation statement as on.

Particular Plus item Minus item
(`) (`)

(a) Cr Balance as per cash - -
Book 6,920

(b) Cheque drawn but not presented for - -
payment 4,000 -

(c) Interest credited by the - -
bank. 600 -

(d) Cheques paid into bank
not cleared 6,000

4,600 12,920

Debit balance as per pass Book 8,320

25. Total Assets = Capital + liabilities 4
`50,000 = Capital + 10,000 (2+2)

Closing Capital = 50,000 – 10,000
= ` 40,000
Profit = Closing Capital – opening Capital
= ` 40,000 - ` 30,000

= ` 10,000

26. Difference (Any four) 4

Fixed Assets Current Liabilities

(1) Long -term resources (1) These are short terms liabilities

(2) Used in operating the business (2) They are to be
discharged during the
current year.
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funds of the business
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(3) They arise
purchases
due to credit
or from
obtaining short-term loans.
(4) Assets usually do not change (4) These liabilities may
their form change their form over
time.
(5) Profit on sale of these assets is (5) The payment of these
capital profit liabilities is revenue
expenditure
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27.(a)
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Statement of affairs as at 31st March 2024
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a Liabilities Amt (`) Assets Amt (`)

Creditors 2,80,000 Cash in 40,000
hand
Husband loan Bank 1,20,000
2,00,000
+ Int O/s 10,000 2,10,000 Stock 5,10,000

Capital (Bal. 6,30,000 om
c. Debtors 4,50,000
Fig)
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11,20,000 11,20,000

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Statement of profit & loss.
Closing Capital 6,30,000
Add Drawings (20,000×6) 1,20,000
Less : further Capital introduced (1,30,000)
6,20,000
Less : opening Capital 5,00,000
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Profit 1,20,000

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OR

las Tangible F. Assets IntangiblegF. Assets
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ag (1) Tangible assets are assets (1) No physical existence
having a physical existence
(2) Assets are depreciated (2) Assets are amortised
(3) Assets may be lost in accident (3) Assets cannot be lost in an
accident
(4) Lenders accept such assets as (4) Do not accept these assets as

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security for providing loan security for providing loan
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(5) Ex :- Land & building (5) Ex ;- Goodwill, patents
Plant & Machinery Trademark’s

(Any Four)
28. 6

Particular Amt (`) Amt (`)

Balance as per Cash 49,000
Book (Dr)
Add : Cheque directly 8,000
deposited
interest allowed by bank 500
cheque issued but not
presented
10,000 18,500
67,500
Less : Insurance 6,000
premium paid by bank
Bank charges debited by 100 6,100
bank
61,400

29. Machinery Account 6

Date Particular Amt ` Date Particular Amt `

2024 To Bank a/c 1,40,000 2025 By Dep. A/c 7,500
 10
Oct 1 To Bank 31  1 , 50 , 0003 3 6 

100 12
(Installation) 10,000 March  

By Bal c/d
1,42,500
1,50,000 1,50,000

2025 To Bal b/d 1,42,500 2026 By Dep. A/c 15,000
1 April 31 By Bal c/d 1,27,500
March

1,42,500 1,42,500

2026 To Bal b/d 1,27,500 2027 By Dep. A/c 15,000
1/April 31 By Bal c/d 1,12,500
March

1,27,500 1,27,500

2027 To Bal b/d 1,12,500
April 1

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30. Trading and profit & loss A/c for the year ended 31 march 6

Particular Particular a
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To opening stock 50,000 By Sales 1,70,000
To purchase 1,00,000 By Closing stock 1,00,000
To wages 30,000
To gross profit c/d 90,000
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To interest. e
emdebts
2,000 By Gross profit b/d 90,000
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To Bad 5,000 By Interest 6,000
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To 3,000
10,000
To Rent 8,000
To Salaries 20,000
To office exp 25,000
To Net Profit 23,000

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96,000 96,000

Balance sheet as at 31st March 2024
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lAmt
Liabilities
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Sundry Creditors 1,10,000 Cash in Hand 16,000
Capital Cash at bank 40,000
Opening Balance 2,50,000 S. Debtors 35,000
Less Drawing 20,000 Closing stock 1,00,000
2,30,000
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1,91,000

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Add N. Profit 23,000 Furniture & fix. 15,000

e m 2,53,000 Plant & Mach. s
la 1,72,000
57,000

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Land & Building 1,00,000

ag 3,63,000 3,63,000

-oOo-

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