UP Board Class 10 Model Paper 2022 Commerce

Model Question Paper 2021-22
Class-10
Commerce
Time: 3 hours 15 minutes Maximum marks-70
Note: First 15 minutes are allotted for the candidates to read the question paper.
Instruction:
(i) Answer all the questions compulsorily.
(ii) Allotted marks of all the questions are indicated against them.
1. Write the correct alternatives of the following questions in your answer-
book:
(i) Which of the following account is opened in a bank? 1
a) Capital Account
b) Current Account
c) Cash Account
d) Accountancy
(ii) The 14 major commercial banks were nationalised on- 1
a) 17 July 1970
b) 1 April 1960
c) 19 July 1969
d) 15 Feb 1980
(iii) Part of income invested in product is called- 1
a) Expenses
b) Hoarding
c) Saving
d) All of these
(iv) Trade Expenses are written in- 1
a) Trading Account
b) Profit and Loss Account
c) Balance sheet
d) None of these
(v) Indigenous Bankers (Deshi-Bankers) are – 1
a) Money lenders
b) Cooperative Banks
c) Land development Banks
d) Industrial Banks
2. (i) When was the States Bank of India established? 1
(ii) In which account is office rent mentioned? 1
(iii) Consumption of an item increases/decreases its utility? 1
(iv) How many parties are there in a promissory note? 1
(v) Who issues a one rupee note? 1

3.(i) What do you understand by Hoarding? 2
(ii) Why is a balance sheet made? 2
(iii) What are the two main functions of the Reserve Bank of India (R.B.I)? 2
(iv) What are the advantages of filing? 2
(v) Write down any two characteristics of ‘retail trading’. 2
(vi) What do you mean by ‘Bill of Exchange’? 2

4. On 1st January, 2016 Ram sold goods worth Rs. 2000 to Rahim and received a bill
for the period of two months, which was accepted by Rahim and returned to
Ram. The bill was paid on the due date. Pass necessary journal entries in the
books of Ram and Rahim. 4
5. Differentiate between ‘Trading Account’ and ‘Profit and Loss Account’. 4

6. A (i) Write the name of any four machine that save time and labour. 2
(ii) What do you understand by ‘Proforma Invoice’ ? 2
B. (i) What is ‘Wholesale trading’ ? 2
(ii)What is a ‘Quotation’? Who writes it? 2

7. Prepare a trading account, profit and loss account and balance sheet of the
financial year ending on 31 March 2018 on the basis of the given trial balance.
8

Particulars Amount Amount
Dr. Cr.
Capital 40,000
Creditors 11,000
Sale 74,000
Opening Stock 11,000
Purchase 49,700
Debtors 11,400
Building 16,500
Machinery 11,500
Furniture 11,300
Salary 5,400
Bad Debts 2,000
Wages 3,800
Bank balance 2,400
Total 1,25,000 1,25,000

Adjustments- (i) Value of closing stock is Rs. 4000.

(ii) Depreciation on furniture @ 5%.
(iii)Outstanding wages Rs. 500.
OR
What do you understand by Final Account? Which accounts are prepared under
it? Describe briefly. 8

8. M/s Shiv Pustak Bhawan, Rambagh, Prayagraj, sold the following itmes to Santosh
and Brothers, Aminabad Lucknow- 8
100 Units of Accountancy @ Rs. 50/unit.
100 Units Business Organization @ Rs 40/unit.
100 Units Money & Banking @ Rs. 50/Unit

Terms and Conditions- The purchaser will be given 20% Trade Discount A cash
discount of 2 % will be given if the payment is made within a month.
Expenses- The following expenses are made by the seller-
Packaging expenses Rs. 50, Carriage- Rs. 20, Railway Freight –Rs. 35. The items
were sent by train.
Bilty No. -7576
Prepare an ‘Invoice’ accordingly.
OR
What is ‘Credit Note’ and ‘Debit Note’? When is it prepared? 8

9. What is ‘Super-Market’? Describe the advantages and disadvantage of a ‘Super-
Market’. 2+6
OR
Describe different types of accounts opened in a commercial bank. 8

10. Describe the ‘Law of Depreciation’ with the help of a suitable example and a
diagram. 4+4
OR
What do you understand by ‘expenses’ and ‘saving’? Point out the purpose and
importance of saving. 2+2+2+2