CBSE Class 10 Sample Paper 2025 for Elements of Book Keeping and Accountancy

CENTRAL BOARD OF SECONDARY EDUCATION

SAMPLE PAPER
CLASS 10
2025

ELEMENTS OF BOOK-KEEPING AND ACCOUNTANCY (254)
CLASS X (2024–25)
SAMPLE QUESTION PAPER

TIME: 3 HOURS M.M. – 70
General Instructions
1. This question paper contains 30 questions.
2. Question 1 to 18 carries one mark each;
3. Question 19 to 22 carries 3 marks each;
4. Question 23 to 26 carries 4 marks each and
5. Question 27 to 30 carries 6 marks each.
6. All questions are compulsory. However an internal choice has been provided
in 8 questions of one mark, 1 question each of three marks, four marks and
six marks.

S.No. Question Marks
1. Which of the following is a Capital Expenditure? 1
(A) 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
1. Match the following
(B) 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
A. a-iii, b-i; c-ii; d-iv B. a-iv; b-i; c-ii; d-iii
C. a-iv; b-ii; c-i; d-iii D. a-iii; b-ii; c-i; d-iv
2. If Bank Reconciliation Statement is prepared with favourable Pass 1
(A) book Balance, it was noticed that Cash deposited in bank for ₹
35,000 but recorded as ₹ 3,500 in Cash Book. How it will be shown
in Bank Reconciliation Statement?
A. Added ₹ 35,000 B. Subtracted ₹ 35,000
C. Added ₹ 31,500 D. ₹ Subtracted ₹ 31,500
OR
2. If Bank Reconciliation Statement is prepared with favourable Cash 1
(B) book Balance, it was noticed that Cash withdrawn from bank of ₹
40,000 but recorded as ₹ 4,000 in Cash Book. How it will be shown
in 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: 1
Statement I: Capital Expenditure will provide benefit to the
business only for five years.
Statement II: Revenue Expenditure are shown as Assets in the
1

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, Statement II is false.
D. Statement II is true, Statement I is false.
4. During the year ended March 31, 2024, Salary paid were ₹ 80,000 1
out of 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: 1
Statement I: When Bank Reconciliation Statement is prepared with
Debit balance as per Cash Book; the Balance derived will be only
Credit Balance as per Cash Book.
Statement II: 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, Statement II is false.
D. Statement II is true, Statement I is false.
6. Read the following statements: Assertion (A) and Reason (R). 1
Choose the correct alternative from those given below:
Assertion (A): Revenue Expenditure will decrease the profits of the
firm.
Reason (R): Revenue Expenditure are incurred in 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 firm purchased Machinery of ₹ 8,00,000 on 1 st October, 2021. 1
(A) 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. A firm purchased Building of ₹ 10,00,000 on 1 st April, 2021. 1
(B) Depreciation was to be charged @10% p.a by 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 1
(A) over-valued in the balance sheet. Which of the following need for
charging depreciation is highlighted in the above statement?
A. Matching of cost and revenue B. Consideration of Tax
2

C. True and Fair Financial position D. Compliance with Law
OR
8. Read the following statements: Assertion (A) and Reason (R). 1
(B) Choose the correct alternative from those given below:
Assertion (A): In straight line method, the book value of asset will
become zero after certain period of time.
Reason (R): Depreciation is charged on the book value at the
same percentage every year.
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.
9. Credit balance as per Pass book is ₹ 50,000. Cheques deposited 1
but not yet collected were ₹ 12,000 and cheques issued not yet
presented were ₹ 5,000. What will be resulting balance after
preparing Bank Reconciliation Statement?
A. Credit Balance as per Cash Book ₹ 57,000
B. Credit Balance as per Cash Book ₹ 43,000
C. Debit Balance as per Cash Book ₹ 57,000
D. Debit Balance as per Cash Book ₹ 43,000
10. On 1st April, 2022 Hitman Ltd. purchased Equipments of ₹ 1
10,00,000. Depreciation was to be charged @ 10% p.a by fixed
instalment system. On the same day, Cheeku Ltd also purchased
Equipments of the same amount and charged depreciation @ 10%
p.a by reducing instalment system. On 31 March, 2024 which of the
following statement holds true?
A. Book Value of Equipments in both the firm will be same.
B. Book Value of Equipments in Hitman Ltd. will be ₹ 10,000 more
than Cheeku Ltd.
C. Book Value of Equipments in Hitman Ltd. will be ₹ 1,00,000
more than Cheeku Ltd.
D. Book Value of Equipments in Hitman Ltd. will be ₹ 10,000 less
than Cheeku Ltd.
11. Bank Reconciliation Statement is prepared to reconcile _________ 1
(A) and ________ balances.
A. Ledger Accounts and Cash Book
B. Trial Balance and Pass Book
C. Cash Book and Pass Book
D. Vouchers and Pass Book
OR
11. Bank Reconciliation statement is prepared in the books of: 1
(B) A. Bank B. Lender
C. Government D. Account Holder
12. On March 31, 2024 Cash Book Balance was ₹ 45,000 whereas 1
Pass Book Balance on the same date was ₹ 54,000. Which of the
following holds true for this difference in balances of the two books?
A. Cheque issued but omitted to be entered in Cash Book
B. Cheque deposIted but not yet credited
C. Cheque issued but not yet presented for payment
D. Bills paid by bank understanding instructions.
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13. Read the following statements: Assertion (A) and Reason (R). 1
Choose the correct alternative from those given below:
Assertion (A): A bill of exchange must be in writing.
Reason (R): A bill of exchange must be signed by the maker and
accepted by the drawee.
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.
14. A bill of exchange enables the buyer to buy the goods on credit and 1
pay after the period of credit. However, the seller of goods even
after extension of credit can get payment immediately by
A. Retaining the bill till maturity.
B. Discount the Bills on Exchange
C. Sending Bills for collection
D. Both B. and C.
15. On 12th April, 2023, Anthony issued a bill of ₹ 20,000 on Bikram for 1
(A) 4 months. What will be the maturity date of bill?
A. 12 August,2022 B. 15 August,2022
C. 16 August, 2022 D. 14 August, 2022
OR
15. On 22nd July, 2023, Doremon accepted a bill of ₹ 25,000 in favour 1
(B) of Nobita. Nobita endorsed the bill to her creditor, Shinchan and
Shinchan further got the bill discounted with Bank on 22 nd August,
2023. Who is the Drawee of the bill in the above situation.
A. Nobita B. Doremon
C. Shinchan D. Bank
16. Carriage Inward is shown in 1
(A) A. Debit side of Trading Account
B. Credit side of Profit and Loss Account
C. Credit side of Trading Account
D. Debit side of Profit and Loss Account
OR
16. Bank Charges are shown in 1
(B) A. Debit side of Profit and Loss Account
B. Credit side of Profit and Loss Account
C. Asset side of Balance Sheet
D. Debit side of Trading Account
From the following hypothetical situation, answer the Q. 17 and 18
Ramesh started a business of vegetable vendor and couldn’t
prepare proper accounting records due to lack of accounting
knowledge as well as unavailability of funds to hire professional
services of accountant.
17. Read the following statements carefully: 1
Statement I: Statement of Profit and Loss is prepared to determine
Profit or Loss in case of Accounts from Incomplete Records.
Statement II: Balance Sheet can be prepared with Accounts from
Incomplete Records.
A. Both the statements are true.
B. Both the statements are false.
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C. Statement I is true, Statement II is false.
D. Statement II is true, Statement I is false.
18. While preparing statement of Affairs, total of assets side was ₹ 1
(A) 5,40,000 and Creditors amounted to ₹ 1,00,000. Here the balancing
figure of ₹ 4,40,000 will be known as ________
A. Profit B. Capital
C. Loss D. Deficiency
OR
18. Capital amount in case of Accounts from Incomplete Records is 1
(B) calculated by preparing _________
A. Balance Sheet B. Statement of Profit and Loss
C. Statement of Affairs D. Profit and Loss Account
19. Give three advantages of charging depreciation through Written 3
down value method as compare to Straight Line Method.
20. On 31 May, 2024 Cash Book of Sultan showed debit balance of ₹ 3
25,000. On comparing it with the Pass book, the following points
came into consideration.
(a) Cheques issued but not yet presented for payment amounted
to ₹ 4,000.
(b) Bank Charges amounted to ₹ 2,000 entered twice in Cash
Book.
You are required to prepare Bank Reconciliation Statement on May
31, 2024.
21. On 18th February, 2023, Rancho sold goods to PK of ₹ 25,000 and 3
(A) issued upon him a bill for three months. PK accepted the bill and
returned it to Rancho. The bill was met on due date. Pass entries in
the books of Rancho.
OR
21. On 15th May 2023, Ram purchased goods from Bharat of ₹ 15,000 3
(B) and accepted a bill for four months. The bill was met on due date.
Pass entries in the books of Ram.
22. For the year ended March 31, 2024 Gross Profit of the firm was ₹ 3
2,40,000 whereas Net Loss was of ₹ 1,00,000.
(I) Is the above situation possible?
(II) Give reason in support of answer for (I).
(III) How Gross Profit and Net Loss will be treated while
preparing Final Accounts of a business.
23. Gaurav started business with Capital of ₹ 5,00,000. He opened a 4
bank account with ₹ 1,50,000. He bought Furniture of ₹ 50,000; and
purchased office space for ₹ 70,000. During the year 2023-24, he
paid Salaries of ₹ 60,000. He also spent ₹ 40,000 on advertisement
for launching the products, which is assumed to provide benefit to
the business for more than one accounting year. His Cash
Purchases were ₹ 30,000 and Credit Purchases were ₹ 40,000. He
sold goods for ₹ 1,20,000 (out of which only ₹ 70,000 was received
in cash till March 31, 2024)
On the basis of above information, answer the following questions.
(I) What is the total Revenue Expenditure?
(II) What is the total Capital Expenditure?
(III) What is the total Deferred Revenue Expenditure?
(IV) What is the amount of Revenue Receipts?

5

24. Bobby accepted a bill of ₹ 40,000 in favour of Sunny against the 4
dues of ₹ 50,000 as part payment on 1st October, 2023 for 4
months. On 1st November, 2023 Sunny got the bill discounted
@12% p.a. from his bank. The bill was met on due date. Give
journal entries in the books of Bobby and prepare ledger account of
Bobby in the books of Sunny.
25. Differentiate between Trading Account and Profit and Loss 4
(A) Account.
OR
25.(B) Differentiate between Direct Expenses and Indirect Expenses. 4
26. Jethalal started business on 1st July, 2023 with Capital of ₹ 4
2,00,000. He introduced additional capital on 1st October of ₹
50,000. He also withdrew ₹ 5,000 per month for his household
expenses. He also spent ₹ 20,000 from the business to buy mobile
phone for his wife. His Capital was valued as ₹ 3,70,000 as on
March 31, 2024. You are required to calculate profit or loss made
by him for the year ended March 31, 2024 by preparing Statement
of Profit and Loss.
27. Batman purchased Machinery on 1st October, 2021 for ₹ 15,80,000 6
and spent ₹ 20,000 on its installation. Depreciation was to be
provided @ 10% p.a by written down value method. Prepare
Machinery Account for three years assuming the books are closed
on March 31 every year.
28. Munish was running the business of readymade garments as was 6
having bank account with SBI, Delhi Branch. His accountant,
Gaurav went on leave for a month and when he came back he
found that Cash Book balance was not tallying with Pass Book
balance as on September 30, 2022.
Gaurav approached to Munish to discuss the problem but Munish
said that you please do it on your own by making necessary
statement. Gaurav found out the following points due to which
balances of both the books were not being tallied.
(i) During the month, cheques totalling ₹ 20,000 were issued out
of which only ₹ 12,000 were presented for payment.
(ii) During the month, cheques totalling ₹ 30,000 were deposited
in bank out of which only ₹ 24,000 were credited by bank.
(iii) Bank charged ₹ 1,000 during the month for various reasons
(iv) Interest allowed by Bank for period of three months was ₹
2,000 which was not recorded in Cash Book.
(v) A customer has directly deposited ₹ 10,000 in Bank Account
but intimation was not received.
From the above hypothetical Case study, answer the following
questions.
I. Name the Statement to be prepared by Gaurav for above
difference between Cash Book and Pass Book balances.
II. If balance as per Cash Book is starting balance, then how
will you treat point (i)
III. If balance as per Pass Book is starting balance, then how
will you treat point (ii)
IV. If balance as per Cash Book is starting balance, then how
will you treat point (iii)
V. If balance as per Pass Book is starting balance, then how
6

will you treat point (iv)
VI. If balance as per Cash Book is starting balance, then how
will you treat point (v)
29. Following is the position statement of Mr. Manan (who maintains his 6
(A) accounts in incomplete system) as on 31 March 2023 and 31 March
2024.
Particulars 31 March 2023 31 March 2024
Amount in ₹ Amount in ₹
Cash 20,000 24,000
Debtors 40,000 50,000
Creditors 16,000 12,000
Fixtures 80,000 1,00,000
Bills Receivable 10,000 12,000
Bills Payable 6,000 8,000
Bank 5,000 12,000
Loan from Mrs. Manan 10,000 6,000
During the year 2023-24, he introduced additional capital of ₹
50,000 and withdrew ₹ 5,000 per month for his personal use.
Ascertain his profit for the year ending March 31, 2024.
OR
29. Answer the following.
(B) (I) What is meant by Accounts from Incomplete records? 2
(II) Differentiate between Balance Sheet and Statement of Affairs. 4
30. Following is the Trial Balance of M/s SRS Enterprises for the year 6
ended March 31, 2024
Name of Account Debit Balance Credit Balance
(₹) (₹)
Land and Building 5,00,000
Plant and Machinery 3,00,000
Equipments 1,20,000
Stock as on April,01 40,000
2023
Debtors and Creditors 60,000 50,000
Purchase and Sales 1,50,000 2,70,000
Returns 20,000 10,000
Rent 10,000
Drawings 10,000
Commission 10,000
Interest 5,000
Discount 6,000 4,000
Capital 8,51,000
Cash in Hand 30,000
Bank Balance 10,000
Bank Loan 50,000
Bills Payable 16,000
12,61,000 12,61,000
Stock in Hand as on March 31, 2024 was ₹ 50,000.
Prepare Trading Account, Profit and Loss for the year ended March
31, 2024 and Balance Sheet as at March 31, 2024.

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