CBSE Class 10 Question Paper 2024 Elements of Book Keeping and Accountancy

CBSE

Series #CDBA SET-4

Q.P. Code 135
 -   - 
Roll No. -    
Candidates must write the Q.P. Code
on the title page of the answer-book.

=       -    15  
=       -  30   
= -        -    -  -   
=

=  -     15        -     10.15 
   10.15   10.30     -        
-      
= Please check that this question paper contains 15 printed pages.
= Please check that this question paper contains 30 questions.
= Q.P. Code given on the right hand side of the question paper should be written
on the title page of the answer-book by the candidate.
= Please write down the serial number of the question in the answer-book
before attempting it.
= 15 minutes time has been allotted to read this question paper. The question
paper will be distributed at 10.15 a.m. From 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.

ELEMENTS OF BOOK-KEEPING AND
ACCOUNTANCY (Commerce)
{ZYm©[aV g‘¶ : 3 KÊQo A{YH V‘ A§H : 70
Time allowed : 3 hours Maximum Marks : 70

2135 134 Page 1 P.T.O.

:

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

1. (A)              ? 1
(a)       
(b)           
(c)               
(d)       

(B)         ` 20,000           
 :
(a)   (b)  
(c)   (d)  

2.         _______     1
(a)  (b) 
(c)   (d)  

3. (A)         ? 1
(a)   (b) 
(c)   (d)  

(B)               
(a)   (b)  
(c)   (d)    
2135 Page 2

General Instructions :
(i) This question paper contains 30 questions.

(ii) Question 1 to 18 are of one mark each.

(iii) Question 19 to 22 are of three marks each.

(iv) Question 23 to 26 are of four marks each.

(v) Question 27 to 30 are of six marks each.

1. (A) Which of the following is not true about Capital Expenditure ? 1
(a) Creates future benefits
(b) Incurred to acquire fixed assets
(c) Incurred to increase the economic life of existing fixed assets.
(d) Reduces the profit of the concern.
OR
(B) A company spent ` 20,000 on painting of its building. It should be
recorded as :
(a) Revenue Expenditure (b) Capital Expenditure
(c) Personal Expenditure (d) Deferred Expenditure

2. Cost incurred for the maintenance of shop is considered as 1
(a) Loss (b) Gain
(c) Capital Expenditure (d) Revenue Expenditure

3. (A) Depreciation will be charged on which of the following ? 1
(a) Fixed assets (b) Capital
(c) Current assets (d) Liquid assets
OR
(B) The value of a fixed asset after deducting depreciation from the
historical cost is called ______.
(a) Fair value (b) Book value
(c) Market value (d) Net realisable value
2135 Page 3 P.T.O.

4. (A) 1 , 2022  .     ` 16,00,000        
   12%          31 , 2023  
     ? 1
(a) ` 14,08,000 (b) ` 12,00,000
(c) ` 15,00,000 (d) ` 8,00,000

(B) 1 , 2022     ` 8,00,000        
     15%          31 ,
2023            ?
(a) ` 80,000 (b) ` 70,000
(c) ` 60,000 (d) ` 90,000

5. (A)       _______         1
(a)   (b)  
(c)   (d)  

(B)                
(a)   (b)  () 
(c)   (d)  

6. (A) -I :                
        1
-II :              
(a)      (b)     
(c)  -II    (d)  -I   

(B)      -         
       ?
(a)                
(b)              
(c)           
(d)         

7. 1 , 2023           ,      : 1
(a) 4 , 2023 (b) 10 , 2023
(c) 8 , 2023 (d) 11 , 2023
2135 Page 4

4. (A) On 1st April, 2022 S. Ltd. purchased a Truck costing ` 16,00,000.
Depreciation was to be charged @ 12% p.a. by written down value
method. What will be the book value of Truck on 31 st March 2023 ? 1
(a) ` 14,08,000 (b) ` 12,00,000
(c) ` 15,00,000 (d) ` 8,00,000
OR
(B) On 1 September 2022 A Ltd. purchased a machine costing
st

` 8,00,000. Depreciation was to be charged @ 15% p.a. by straight
line method. What amount of depreciation will be charged for the
year ending on March 31, 2023 ?
(a) ` 80,000 (b) ` 70,000
(c) ` 60,000 (d) ` 90,000

5. (A) Depreciation is provided in S.L.M. on cost of 1
(a) Current Assets (b) Liquid Assets
(c) Fixed Assets (d) Fictitious Assets
OR
(B) Estimated sale value of an asset after its working life is called –
(a) Original value (b) Scrap value
(c) Market value (d) Book value
6. (A) Statement-I : Bank Reconciliation Statement is prepared annually
to reconcile balance as per Cash Book with balance as per bank
Statement. 1
Statement-II : Bank Reconciliation statement is prepared by the
bank and also the account holder.
(a) Both the statements are false.
(b) Both the statements are true.
(c) Only statement-II is true.
(d) Only statement-I is true.
OR
(B) Which of the following transaction will be added while preparing
Bank Reconciliation statement when debit balance as per Cash Book
is given ?
(a) cheque issued but not yet presented for payment
(b) cheque issued but omitted to be recorded in the Cash Book.
(c) Any wrong debit given by bank in the Pass Book.
(d) Bank charges and commission charged by bank.

7. A bill dated 1st February, 2023 is payable two months after date. The
maturity date of the bill will be : 1
(a) 4th April, 2023 (b) 10th April, 2023
(c) 8th April, 2023 (d) 11th April, 2023
2135 Page 5 P.T.O.

8.     1
(a)   (b)  
(c)   (d)  

9.       ` 30,000   ` 5,000         
        ` 7,000           
            ? 1
(a) ` 42,000 (b) ` 28,000
(c) ` 27,000 (d) ` 32,000

10. (A)      1
(a)     
(b)     
(c)       
(d)       

(B)     
(a)     
(b)      
(c)      
(d)   

11. (A)     ` 1,20,000      ` 50,000     
` 40,000     _______   1
(a) ` 2,10,000 (b) ` 1,10,000
(c) ` 90,000 (d) ` 1,30,000

(B)     ` 5,00,000          
  ?
(a)  (b) 
(c)    (d) 

12.                    : 1
(a)       (b)     
(c)       (d) (a)  (b)      

2135 Page 6

8. The Bill receivable account is a/an 1
(a) Personal Account (b) Asset Account
(c) Real Account (d) Nominal Account

9. Credit balance as per Cash Book was ` 30,000, cheque deposited ` 5,000
were not credited by bank and cheque issued ` 7,000 were not presented
for payment. What will be the resulting balance as per Bank Statement ? 1
(a) ` 42,000 (b) ` 28,000
(c) ` 27,000 (d) ` 32,000

10. (A) A bank reconciliation statement is – 1
(a) A part of Cash Book
(b) A part of Bank Pass Book
(c) A statement prepared by the bank
(d) A statement prepared by a customer
OR
(B) A Pass Book is a copy of
(a) A customer’s account in the bank’s books
(b) Cash book relating to bank column
(c) Cash book relating to cash column
(d) Firm’s receipts

11. (A) Gross profit of the firm was ` 1,20,000. There were salary of staff
` 50,000 and interest received ` 40,000. Net Profit will be _______. 1
(a) ` 2,10,000 (b) ` 1,10,000
(c) ` 90,000 (d) ` 1,30,000
OR
(B) Gross Profit of the firm was ` 5,00,000. Which of the following will
result in increase of Net Profit ?
(a) Advertisement (b) Rent
(c) Commission received (d) Repairs

12. When Bank Reconciliation statement is prepared with credit balance as
per Pass Book, the balance derived will be : 1
(a) Debit Balance as per Cash Book
(b) Debit Balance as per Pass Book
(c) Credit Balance as per Cash Book
(d) Either (a) or (b) is possible

2135 Page 7 P.T.O.

13.      1
(a)    (b)    
(c)     (d)     

14. (A) :     ________      1
(a)  (b) 
(c)  (d) 

(B)      ` 40,000  ,       ` 30,000 
  ` 20,000   ` 60,000    ,       
(a) ` 90,000 (b) ` 80,000
(c) ` 70,000 (d) ` 10,000

15.     1
(a)    (b)  
(c)    (d)  

16.          ______     1
(a)   (b)  
(c)   (d)  

17. (A)       1
(a)      
(b) -     
(c) -     
(d)      

(B)       
(a)      
(b) -     
(c)      
(d)      
2135 Page 8

13. A bill of exchange consists of 1
(a) An order to pay (b) A request to pay
(c) A promise to pay (d) Acceptance by the drawer

14. (A) Generally, incomplete records are maintained by ________. 1
(a) Trader (b) Society
(c) Company (d) Government
OR
(B) If capital at the end of the year is ` 40,000; Additional Capital
introduced during the year ` 30,000; drawing for the year ` 20,000
and loss for the year is ` 60,000, then capital at the beginning of the
year was :
(a) ` 90,000 (b) ` 80,000
(c) ` 70,000 (d) ` 10,000

15. Balance Sheet shows 1
(a) Profit or Loss (b) Financial Position
(c) Errors of Accounts (d) Total Debtors

16. Excess of debit in Profit and Loss Account is called : 1
(a) Net profit (b) Net loss
(c) Gross profit (d) Gross loss

17. (A) Closing Stock is shown on the ________. 1
(a) Debit side of trading account
(b) Debit side of Profit & Loss account
(c) Credit side of Profit & Loss account
(d) Credit side of trading account
OR
(B) Rent from Tenant is shown on the _________.
(a) Debit side of trading account
(b) Credit side of Profit & Loss account
(c) Liabilities side of balance sheet
(d) Assets side of balance sheet

2135 Page 9 P.T.O.

18.     ________       1
(a)  
(b)  
(c)      
(d)  

19.         3

20. 31 , 2023                 /
   3
(a)       ` 25,000     
(b)    ` 5,000     
(c) -    -   

21.                 
        ?         3

22. (A) 1 , 2023  ‘X’  ‘Y’  ` 50,000        ‘X’  ‘Y’ 
   ` 50,000     ‘Y’      ‘X’  
   ‘X’                 
   ‘X’           3

(B) 1 , 2023      ` 35,000     2    
                  
      

23. 15 , 2023  ‘X’  ‘Y’  4    ` 10,000      ‘X’  
  15 , 2023     18%           
 ‘Y’        ‘X’  ‘Y’        4

2135 Page 10

18. In single entry system ________ are recorded. 1
(a) cash receipts
(b) cash payments
(c) Both cash receipts and cash payments
(d) Credit transactions

19. Give any three examples of Capital expenditure. 3

20. Rita incurred the following expenditure on various items during the year
ended 31st March, 2023. Identify the name/type of expenditure. 3
(a) ` 25,000 paid for the installation of a new machine.
(b) Repairs of ` 5,000 necessitated by negligence.
(c) Cost of air-conditioning of the office of the General Manager.

21. Under which method of charging depreciation more amount is charged in
the initial years as compared to the later years of its life ? Give any two
merits of this method. 3

22. (A) On 1st January, 2023 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. X retained the bill till the due
date and Y met the bill on due date. Pass journal entries for the
above transactions in the books of X. 3
OR
(B) On 1st December, 2023 Z purchased goods from R ` 35,000 and
accepted a bill for two months. The bill was met on due date. Pass
Journal entries for the above transactions in the books of Z.

23. On 15th March, 2023 Y accepted a bill drawn upon him by X for four
months for ` 10,000. X discounted the bill on 15th April, 2023 at 18% p.a.
from his bank and Y met the bill on maturity. Give the Journal Entries in
the books of X and Y. 4

2135 Page 11 P.T.O.

24. (A)    31 , 2023         : 4
(a)       ` 3,72,000.
(b) ` 72,000              
(c)   ` 5,000             
(d) ` 1,250         

(B) 31 , 2023         :
(a)       ` 15,000   
(b) ` 4,800              
(c)         ` 150  
(d) ` 25              

25. 1 , 2023    ` 4,00,000      ,  ` 75,000 
        ` 8,000   ,  31 , 2023 
  ` 4,50,000   31 , 2023          
  4

26. (A)        ?         
        4

(B)     ?        

27.               ,  
31 , 2022  31 , 2023   : 6

31 2022 ( ) 31 2023 ( )
 16,000 16,000
 4,000 4,000
 14,000 10,000
  8,000 9,000
 400 3,600
  10,000 7,000
 2022-23         ` 600        
   ` 4,100     31 , 2023         
2135 Page 12

24. (A) From the following information, prepare Bank Reconciliation
Statement of Sohan as on 31st March, 2023 : 4
(a) Cash Book showed a debit balance of ` 3,72,000.
(b) Cheque issued but not yet presented for payment amounted to
` 72,000.
(c) Dividend received by the bank, but not entered in the Cash
Book ` 5,000.
(d) Interest allowed by the Bank ` 1,250.
OR
(B) Prepare Bank Reconciliation statement of Kumar as on 31st March, 2024 :
(a) Pass Book showed a credit balance as on the date ` 15,000.
(b) Cheques issued but not presented for payment ` 4,800.
(c) Interest credited by bank amounted to ` 150.
(d) Bank charges amounted to ` 25 were not entered in the Cash
Book.

25. Manu started business with a capital of ` 4,00,000 on 1st June, 2023. He
introduced additional capital of ` 75,000. He withdrew ` 8,000 per month
during this period. If the closing capital as on 31st December, 2023 was
` 4,50,000, calculate profit & loss for the year ended 31st December, 2023. 4

26. (A) Why is Trading Account prepared ? Name any two items that are
transferred to the credit of Trading Account. 4
OR
(B) What are Direct Expenses ? Give any two examples of Direct Expenses.

27. Following is the position statement of Rakesh who maintains his accounts
in incomplete system as on 31st March, 2022 and 31st March, 2023 : 6
Particulars 31st March, 2022 ( ) 31st March, 2023 ( )
Machinery 16,000 16,000
Furniture 4,000 4,000
Stock 14,000 10,000
Sundry Debtors 8,000 9,000
Bank 400 3,600
Sundry Creditors 10,000 7,000
During the year 2022-23 he introduced ` 600 as fresh capital and
withdrew ` 4,100 during the year for his personal use. Ascertain his profit
for the year ending 31st March, 2023.

2135 Page 13 P.T.O.

28.       ` 3,92,000       6
(a) ` 92,000            
(b)     ` 5,000         
(c)       ` 1,250             
(d) ` 200      
(e) ` 320            
     

29.    1 , 2020      ` 80,000      
    ` 30,000         10%     
           31      , 3   
     6

30.       , -       
  31 , 2023           ` 20,000  : 6
31-3-2023
( ) ( )
  19,400 –
   6,50,000 7,80,000
 20,000 20,000
   38,000 87,200
  – 25,200
 1,00,000 –
 2,50,000 –
 1,00,000 –
 40,000 –
 40,000 –
 15,000 –
 – 3,60,000
12,72,400 12,72,400
_______________

2135 Page 14

28. Debit balance shown by the Cash Book of Shyam Limited was ` 3,92,000. 6
(a) Cheques issued for ` 92,000 was not presented for payment.
(b) Dividend received by the bank, ` 5,000 not entered in the Cash Book.
(c) Bank had credited ` 1,250 as Interest which was not recorded in
Cash Book.
(d) Bank charges debited ` 200.
(e) Cheque deposited into bank ` 320 but it is dishonoured.
Prepare Bank Reconciliation statement.

29. Chandra Ltd. purchased a second hand machine for ` 80,000 on 1st July,
2020 and spent ` 30,000 on its overhaul and installation. Depreciation
was to be provided @ 10% p.a. by written down value method. Prepare
machinery account for 3 years assuming the books are closed on
31st March every year. 6

30. Prepare Trading Account, Profit and Loss Account and Balance Sheet of
M/s Sharma and Sons from the following information for the year ending
31st March, 2023 when closing stock was valued at ` 20,000. 6
Trial Balance as on 31-3-2023
Debit Credit
Name of Account
Balance ( ) Balance ( )
Opening Stock 19,400 –
Purchase and Sale 6,50,000 7,80,000
Returns 20,000 20,000
Debtors and Creditors 38,000 87,200
Bills Payable – 25,200
Machinery 1,00,000 –
Building 2,50,000 –
Bank 1,00,000 –
Wages 40,000 –
Salaries 40,000 –
Interest 15,000 –
Capital – 3,60,000
12,72,400 12,72,400
_______________

2135 Page 15 P.T.O.

2135 134 Page 16

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