CBSE Class 10 Sample Paper 2026 for Elements Book Keeping Accountancy

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SAMPLE
PAPER
2026

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ELEMENTS OF BOOK-KEEPING AND ACCOUNTANCY (254)
SAMPLE QUESTION PAPER
CLASS X (2025–26)
MM – 70 TIME: 3 HOURS
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.

S.No. Question Marks
1. Which of the following is not a Capital Receipt? 1
a) Sale of Investments b) Sale of Building
c) Loan taken from Bank d) Rent Received
Or
Which of the following is not a Revenue Expenditure?
a) Building purchased b) Rent Paid
c) Repairs of Machinery d) Salary Paid
2. Deferred Revenue Expenditure is likely to give the benefit for _____ 1
a) One year only b) Two Years only
c) Less than a year d) More than one year
3. A firm purchased Machinery of ₹ 4,00,000 on 1st July, 2023. Depreciation 1
was to be charged @10% p.a by written down value method. What will be
the book value of Machinery on 31 March, 2025?
a) ₹ 3,33,000 b) ₹ 3,30,000
c) ₹ 3,24,000 d) ₹ 3,20,000
Or
A firm purchased Building of ₹ 6,00,000 on 1st April, 2022. Depreciation was
to be charged @10% p.a by Straight Line method. What will be the total
depreciation charged till March 31, 2025?
a) ₹ 60,000 b) ₹ 1,80,000
c) ₹ 1,20,000 d) ₹ 1,62,600
4. st
On 1 April, 2023 Mario Ltd. purchased Equipments of ₹ 10,00,000. 1
Depreciation was to be charged @ 10% p.a by fixed instalment system. On
the same day, Frontier Ltd also purchased Equipments of the same amount
and charged depreciation @ 10% p.a by reducing instalment system. On 31
March, 2025 which of the following statement holds true?
a) Total Depreciation b) Total Depreciation charged by
charged of both the Mario Ltd. will be more than
firms will be same for Frontier Ltd. for two years
two years
c) Total Depreciation d) Depreciation amount for the
charged by Mario Ltd. year ending March 31, 2025
will be less than Frontier will be same for both the firms.
Ltd. for two years

5. Bank Reconciliation Statement is prepared ______ . 1
a) Every month b) Every Quarter
c) Every Year d) When Cash Book and Pass Book balance
are not same
Or
Bank Reconciliation statement is prepared by:
a) Bank b) Lender
c) Government d) Account Holder
6. Statement I: - When Bank Reconciliation Statement is prepared with Debit 1
balance as per Cash Book; the Balance derived will be only Credit Balance as
per Pass Book.
Statement II :- Bank Reconciliation Statement is prepared with only Cash
Book balance as starting balance.
a) Both the Statement are b) Both the Statement are
False True.
c) Only Statement I is true. d) Only Statement II is true.
7. Debit balance as per Cash book is ₹ 40,000. Cheques issued but not 1
presented were ₹ 8,000 and cheques deposited but not cleared were ₹
12,000. What will be resulting balance after preparing Bank Reconciliation
Statement?
a) Credit Balance as per Pass b) Credit Balance as per Pass
Book ₹ 36,000 Book ₹ 44,000
c) Debit Balance as per Pass d) Debit Balance as per Pass
Book ₹ 36,000 Book ₹ 44,000
8. Depreciation is not to be charged on? 1
a) Building b) Machinery
c) Investments d) Fixtures
Or
Out of the following which is not considered while calculating Depreciation
by straight line method.
a) Market Value b) Cost
c) Scrap Value d) Estimated Life
9. If Bank Reconciliation Statement is prepared with Pass book Balance, it was 1
noticed that a customer has deposited ₹ 21,000 directly in bank, which was
recorded as ₹ 11,000 in Cash Book. How it will be shown in Bank
Reconciliation Statement?
a) Added ₹ 10,000 b) Subtracted ₹ 10,000
c) Subtracted ₹ 21,000 d) Added ₹ 11,000
10. Assertion (A) :- A bill of exchange must be in unconditional. 1
Reason (R) :- A bill of exchange must be issued by drawer and accepted by
the drawee.
a) Both A and R are correct b) Both A and R are correct but
and R is the correct R is not the correct
explanation of A explanation of A.
c) A is correct but R is d) A is incorrect but R is
incorrect. correct.
11. Bills accepted by Rancho in favour of Sultan will be _____ . 1
a) Assets for Rancho and b) Assets for Sultan and
Liability for Sultan Liability for Rancho

c) Assets for both Sultan and d) Liability for both Sultan and
Rancho Rancho
12. th
On 25 July, 2024, Deepika issued a bill of ₹ 10,000 on Ranveer for 3 1
months. What will be the maturity date of bill?
a) 28 October, 2024 b) 25 October, 2024
c) 27 October, 2024 d) 29 October, 2024
Or
On 15 October, 2024, Ram issued a bill on Laxman of ₹ 15,000. Laxman
accepted the bill. Ram transferred to bill to Bharat and Bharat further
transferred to bill to Shatrughan. Who will received the amount on due date
of the bill?
a) Ram b) Laxman
c) Bharat d) Shatrughan
13. Freight Inward is shown in 1
a) Debit side of Trading b) Credit side of Profit and Loss
Account Account
c) Credit side of Trading d) Debit side of Profit and Loss
Account Account
Or
Interest charged by bank is shown in
a) Credit side of Profit and b) Debit side of Profit and Loss
Loss Account Account
c) Asset side of Balance Sheet d) Liabilities side of Balance
Sheet
14. Net Profit of firm was ₹ 4,50,000. There were indirect Income of ₹ 40,000 1
and indirect expenses of ₹ 70,000. What was the amount of Gross Profit?
a) Gross Profit ₹ 4,20,000 b) Gross Profit ₹ 5,60,000
c) Gross Profit ₹ 3,40,000 d) Gross Profit ₹ 4,80,000
Or
Gross Loss of the firm was ₹ 1,50,000. Which of the following will result in
Net Profit?
a) Interest Paid ₹ 2,10,000 b) Commission Received ₹ 1,40,000
c) Discount Received ₹ 1,60,000 d) Discount allowed ₹ 2,00,000
15. Which of the following is a part of Financial Statements of a sole trader? 1
a) Journal b) Ledger
c) Cash Book d) Balance Sheet
16. Which of the following will be shown on the assets side of the Balance 1
Sheet?
a) Rent Outstanding b) Unearned Commission
c) Accrued Interest d) Net Profit
17. Statement of financial position produced from incomplete accounting 1
record is commonly known as ____
a) Balance Sheet b) Profit and Loss account
c) Statement of Affairs. d) Statement of financial position
Or
Capital amount in case of Accounts from Incomplete Records is calculated
by preparing _________
a) Balance Sheet b) Statement of Profit and Loss
c) Statement of Affairs d) Profit and Loss Account

18. While preparing statement of Affairs, total of assets side was ₹ 8,50,000 and 1
Creditors amounted to ₹ 2,00,000. Here the balancing figure of ₹ 6,50,000
will be known as ________
a) Profit or Loss b) Capital
c) Net Assets d) Deficiency
19. Kanchan started business with Cash ₹ 1,50,000 and Bank Balance ₹ 3
2,50,000. She purchased Furniture of ₹ 80,000 and Equipments of ₹20,000.
She spent ₹ 30,000 for advertisement and paid rent of ₹ 40,000.
On the basis of above information, answer the following questions.
(a) What was the amount of Capital invested in business by Kanchan?
(b) What is the total Capital Expenditure?
(c) What is the total Revenue Expenditure?
20. Differentiate between the Capital and Revenue Expenditure on the basis of 3
purpose, earning capacity and placement in financial statements.
21. Under which method of charging depreciation more amount is charged in 3
the initial years as compared to later years? Give any two merits of this
method.
22. Ricky sold goods worth ₹ 30,000 to Vicky and issued a bill for three months. 3
The bill was duly accepted. Name the person who would have accepted the
bill?
Also pass journal entries (on maturity) in the books of Ricky in the following
cases:
I. When the bill was retained till maturity.
II. When the bill was sent to bank for collection.
Or
On March 15, 2024 Balwinder sold goods for ₹ 25,000 to Saurabh on credit.
Saurabh accepted a bill for three months drawn on him by Balwinder. Ten
days later, Balwinder endorsed the bill to his creditor Arpit in settlement of
his dues of ₹ 26,000. The bill was met on due date. Record the necessary
journal entries in the books of Balwinder.
23. Fill in the blanks with suitable word/words : 4
(a) The cheques deposited are entered on the .................... side of the
bank column of cash book.
(b) Bank Reconciliation statement is prepared to .................... the bank
balance as shown by the cash book and the bank statement.
(c) Cheques issued are posted on the .................... side of the bank
column of Cash Book.
(d) The credit column of pass book should be equal to ....................
column of cash book and debit column of pass book should equal to
...................column of cash book, if there are no differences.
Or
On 31 October, 2024 Cash Book of M/s Raghwendra and Sons showed debit
balance of ₹ 45,000. On comparing it with the Pass book, the following
points came into consideration.
(a) Cheques issued but not yet presented for payment amounted to ₹
10,000.
(b) Cheques deposited in bank and cleared but omitted to be entered in
Cash Book amounted to ₹ 12,000.
(c) Interest allowed by Bank amounted to ₹ 3,000.
Prepare Bank Reconciliation Statement.

24. On 25 November, 2024, Doremon issued a bill on Nobita for ₹ 30,000 and 4
on the same date drew a bill for 4 months. The bill was accepted by Nobita.
Doremon discounted the bill from his bank @ 9%pa. The bill was duly met
on due date. Give necessary journal entries in the books of Doremon and
Nobita.
25. The following Ledger Balances were extracted from the books of Ram 4
Kishore on 31-03-2025. Give journal entries to transfer these balances for
preparation of profit and loss account and for transfer of profit to capital.
Gross Profit 5,40,000
Salaries Paid 80,000
Commission Received 30,000
26. Jethalal started business on 1st October, 2024 with Capital of ₹ 1,50,000. He 4
introduced additional capital on 31st December, 2024 of ₹ 40,000. He also
withdrew ₹ 10,000 per month for his household expenses. He also spent ₹
30,000 from the business to buy mobile phone for his wife. His Capital was
valued as ₹ 4,70,000 as on March 31, 2025. You are required to calculate
profit or loss made by him for the year ended March 31, 2025 by preparing
Statement of Profit and Loss.
27. Startup India Ltd. purchased a machinery for ₹ 9,50,000 on 1st July 2023 6
and spent ₹ 20,000 on its installation and ₹ 30,000 on its transportation. It is
to be depreciated @10%pa on written down value. If the books are closed
on 31st march each year give journal entry on the date of purchase and
depreciation charged for the year ended March 31, 2024 and March 31,
2025. Also determine the books value of Machinery to be shown in the
Balance Sheet as at March 31, 2025.
28. Alok was running the Stationery and was having bank account with SBI, 6
Jodhpur Branch. He prepared Cash Book on his own but he found that Cash
Book balance was not tallying with Pass Book balance as on February 28,
2025.
Alok approached his friend Gaurav, an accountant to discuss the problem
Gaurav found out the following points due to which balances of both the
books were not being tallied. He made a statement to tally the balances of
Cash Book and Pass Book.
(i) A customer has directly deposited ₹ 10,000 in Bank Account but
intimation was not received
(ii) Bank charged ₹ 1,000 during the month for various reasons
(iii) During the month, cheques totalling ₹ 20,000 were issued out of
which only ₹ 12,000 were presented for payment.
(iv) Interest allowed by Bank for period of three months was ₹ 2,000
which was not recorded in Cash Book.
(v) During the month, cheques totalling ₹ 30,000 were deposited in
bank out of which only ₹ 24,000 were credited by bank.

From the above hypothetical Case study, answer the following questions.
(a) Name the Statement to be prepared by Gaurav for above difference
between Cash Book and Pass Book balances.
(b) If balance as per Pass Book is starting balance, then how will you
treat point (i)
(c) If balance as per Cash Book is starting balance, then how will you
treat point (ii)

(d) If balance as per Pass Book is starting balance, then how will you
treat point (iii)
(e) If balance as per Cash Book is starting balance, then how will you
treat point (iv)
(f) If balance as per Pass Book is starting balance, then how will you
treat point (v)
29. Following is the position statement of Mr. Manthan (who maintains his 6
accounts in incomplete system) as on 31 March 2024 and 31 March 2025.
Particulars 31 March 2024 31 March 2025
Amount in ₹ Amount in ₹
Cash 20,000 35,000
Bank 10,000 (Cr.) 15,000
Debtors 40,000 30,000
Creditors 15,000 20,000
Furniture 60,000 80,000
Bills Receivable 6,000 8,000
Bills Payable 5,000 4,000
During the year 2024-25, 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, 2025.
Or
(a) What is meant by Accounts from Incomplete records?
(b) Differentiate between Balance Sheet and Statement of Affairs.
30. Following is the Trial Balance of Dhwani, an entrepreneur from Delhi for the 6
year ended March 31, 2025.
Name of Account Debit Balance (₹) Credit Balance (₹)
Furniture and Fixtures 4,00,000
Plant and Machinery 3,00,000
Goodwill 80,000
Stock as on April,01 2024 40,000
Debtors and Creditors 60,000 40,000
Purchase and Sales 1,80,000 3,40,000
Returns 20,000 10,000
Rent 50,000
Commission 40,000
Wages 20,000
Discount 10,000 20,000
Capital 8,00,000
Cash in Hand 70,000
Bank Balance 60,000
Bank Loan 60,000
Drawings 20,000
13,10,000 13,10,000
Stock in Hand as on March 31, 2025 was ₹ 60,000.
Prepare Trading Account, Profit and Loss for the year ended March 31, 2025
and Balance Sheet as at March 31, 2025.

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