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

CENTRAL BOARD OF SECONDARY EDUCATION

SAMPLE PAPER
CLASS 10
2025

Solutions

ELEMENTS OF BOOK-KEEPING AND ACCOUNTANCY (254)
CLASS X (2024-25)
MARKING SCHEME

S.No. Question Marks

1. (A) B. Only ii and iii 1
OR
1. (B) B. a-iv; b-i; c-ii; d-iii 1
2. (A) D. Subtracted ₹ 31,500 1
OR
2. (B) B. Subtracted ₹ 36,000 1
3. B. Both the Statements are false. 1
4. B. ₹ 1,00,000 1
5. B. Both the Statements are false. 1
6. A. Both Assertion (A) and Reason (R) are true and Reason (R) is the 1
correct explanation of Assertion (A).
7. (A) C. ₹ 6,00,000 1
OR
7. (B) B. ₹ 7,29,000 1
8. (A) C. True and Fair Financial position 1
OR
8. (B) C. Assertion (A) is true, but Reason (R) is false. 1
9. C. Debit Balance as per Cash Book ₹ 57,000 1
10. D. Book Value of Equipments in Hitman Ltd. will be ₹ 10,000 less than 1
Cheeku Ltd
11.(A) C. Cash Book and Pass Book 1
OR
11.(B) D. Account Holder 1
12. C. Cheque issued but not yet presented for payment 1
13. A. Both Assertion (A) and Reason (R) are true and Reason (R) is the 1
correct explanation of Assertion (A).
14. B. Discount the Bills on Exchange 1
15.(A) D. 14 August, 2022 1
OR
15.(B) B. Doremon 1
16.(A) A. Debit side of Trading Account 1
OR
16.(B) A. Debit side of Profit and Loss Account 1
17. A. Both the Statement are true 1
18.(A) B. Capital 1
OR
18.(B) C. Statement of Affairs 1
19. (1) Combined Cost of Depreciation and Repairs remain more or 1
less same.
(2) Fixed rate of depreciation is charged every year. 1
(3) Asset will never become zero. 1
20. Bank Reconciliation Statement
As on May 31, 2024
Particulars Plus Minus
Balance as per Cash Book 25,000 ½

1

Cheques issued but not yet presented for 4,000
payment 1
Bank Charges entered twice in Cash Book 2,000
31,000 0 1
Balance as per Pass Book 31,000
31,000 31,000 ½
21. Journal in the books of Rancho
(A) Date Particulars L.F Debit Credit
(₹ (₹)
Feb.18 PK Dr. 25,000
To Sales A/c 25,000 1
(Being goods sold to PK)
Feb.18 Bills Receivable A/c Dr. 25,000
To PK 2 ,000
(Bill issued and accepted by 1
PK)
May Cash A/c Dr. 25,000
21 To Bills Receivable A/c 25,000
(Being bill amount received on 1
due date)
OR
21. Journal in the books of Ram
(B) Date Particulars L.F Debit Credit
(₹ (₹)
May Purchase A/c Dr. 15,000
15 To Bharat’s A/c 15,000 1
(Being goods purchased fro
Bharat)
May Bharat’s A/c Dr. 15,000
15 To Bills Payable A/c 15,000 1
(Bill accepted in favour of
Bharat)
Sep. Bills Payable A/c Dr. 15,000
18 To Cash A/c 15,000 1
(Being bill amount paid on due
date)
22. (I) Yes above situation is possible 1
(II) When Indirect Expenses are more that sum of Gross Profit and 1
Indirect Incomes.
(III) Gross Profit is transferred to Credit side of Profit and Loss A/c. 1
Net Loss is subtracted from Capital in the Balance Sheet.
23. (I) Revenue Expenditure = Salaries + Goods Purchased = 60,000 1
+ 70,000 = ₹ 1,30,000
(II) Capital Expenditure = Furniture + Office Space = 50,000 + 1
70,000 = ₹ 1,20,000
(III) Deferred Revenue Expenditure = Advertisement = ₹ 40,000 1
(IV) Revenue Receipts = Sales = ₹ 1,20,000 1
24. Journal in the books of Bobby
Date Particulars L.F Debit Credit
(₹) (₹)
Oct. Sunny’s A/c Dr. 40,000
01 To Bills Payable A/c 40,000 1
(Bill accepted in favour of

2

Sunny)

Feb. Bills Payable A/c Dr. 40,000 1
03 To Cash A/c 40,000
(Being ill amount paid on due
date)
Books of Sunny
Bobby Account
Date Particulars JF (₹) Date Particulars JF (₹)
01/10 Balance 50,000 01/10 Bills 40,000 2
b/d Receivable
01/10 Balance 10,000
c/d
50,000 50,000
25. Basis Trading Account Profit and Loss
(A) Account
Meaning Trading account is used to Profit and loss account is
find the gross profit/loss of used to find the net 1
the business. profit/loss of the
business.
Stage It is the first stage in the It is the second stage in 1
creation of the final the creation of the final
account. account.
Transfer The balance in the form of The balance in the form
of Balance Gross loss or Gross Profit of Net loss or Net Profit of
of the trading account will the profit and loss 1
be transferred to the Profit account will be
and Loss Account transferred to the Balance
Sheet
Items Trading Account shows all Profit and Loss Account
disclosed the direct expenses of the shows the indirect 1
firm. expenses of the firm.
OR
25. Basis Direct Expenses Indirect Expenses
(B) Meaning These Expenses are These expenses are
incurred before or during incurred after production 1
the production. for sale of goods
Disclosure These Expenses are These Expenses are
shown on debit side of shown on debit side of 1
Trading Account. Profit and Loss Account.
Purpose These Expenses are These Expenses are
subtracted from Sales to subtracted from Gross
calculate Gross profit. Profit to calculate Net 1
profit.
Examples Wages, Carriage Inwards, Salaries, Carriage
Fuel and Power Outward, Rent 1

26. Statement of Profit and Loss
for the year ended March 31, 2024
Particulars Amount (₹)
Closing Capital Balance 3,20,000 ½
Add:- Drawings during the year (5,000 x 9 + 20,000) 65,000 1
Less :- Additional Capital introduced (50,000) 1
Less:- Closing Capital Balance (2,00,000) 1
3

Profit for the year 1,35,000 ½

27. Machinery Account
Date Particulars (₹) Date Particulars (₹)
01/10 Bank A/c 16,00,000 31/03 Depreciation 80,000
/2021 /2022 A/c 15,20,000 2
Balance c/d
16,00,000 16,00,000
01/04 Balance 15,20,000 31/03 Depreciation 1,52,000
/2022 b/d /2023 A/c 13, 8,000 2
Balance c/d
15,20,000 15,20,000
01/04 Balance 13,68,000 31/03 Depreciation 1,36,800
/2023 b/d /2024 A/c 12,31,200 2
Balance c/d
13,68,000 13,68,000
28. (I) Bank Reconciliation Statement. 1
(II) ₹ 8,000 will be added. 1
(III) ₹ 6,000 will be added. 1
(IV) ₹ 1,000 will be subtracted. 1
(V) ₹ 2,000 will be subtracted. 1
(VI) ₹ 10,000 will be added. 1
29. Statement of Affairs as at March 31, 2023
(A) Liabilities Amount (₹) Assets Amount (₹)
Creditors 16,000 Cash 20,000
Bills P yable 6,000 Debtors 40,000
Mrs. Manan Loan 10,000 Fixtures 80,000 2
Capital 1,23,000 Bills Receivable 10,000
Bank 5,000
1,55,000 1,55,000

Statement of Affairs as at March 31, 2024
Liabilities Amount (₹) Assets Amount (₹)
Creditors 12,000 Cash 24,000
Bills Payable 8,000 Debtors 50,000
Mrs. Manan Loan 6,000 Fixtures 1,00,000
2
Capital 1,72,000 Bills Receivable 12,000
Bank 12,000
1,98,000 1,98,000

Statement of Profit and Loss
for the year ended March 31, 2024
Particulars Amount (₹)
Closing Capital Balance 1,72,000 2
Add:- Drawings during the year (5,000 x 12) 60,000
Less :- Additional Capital introduced (50,000)
Less:- Closing Capital Balance (1,23,000)
Profit for the year 59,000
OR
29. (I) Accounting records, which are not strictly kept according to 2
(B) double entry system are known as incomplete records.

4

(II)
Basis Statement of affairs Balance Sheet
Reliability It is less reliable as it isIt is more reliable as it is
prepared from incomplete prepared from double 1
records. entry records
Objective The objective of preparing - The objective of
statement of affairs is to preparing balance sheet is
estimate the balance in to show the true financial 1
capital account on a position of an entity on a
particular date. particular date.
Omission Omission of assets or Omissions of assets or
liabilities cannot be liabilities. can be 1
discovered easily discovered easily and can
be traced from accounting
records
Purpose It is prepared to determine It is prepared to determine
Capital Balance financial position of the 1
business.
30. Trading Account
for the year ended March 31, 2024
Particulars Amount Particulars Amount
(₹) (₹)
To Opening Stock 40,000
To Purchase1,50,000 By Sales 2,70,000
(-) Returns (10,000) 1,40,000 (-)Returns (20,000) 2,50,000 2
To Gross Profit (b/f) 1,20,000 By Closing Stock 50,000
3,00,000 3,00,000

Profit and loss Account
for the year ended March 31, 2024
Particulars Amount (₹) Particulars Amount (₹)
To Rent 10,000 By Gross Profit 1,20,000
To Interest 5,000 Commission 10,000
To Discount 6,000 By Discount 4,000 2
To Net Profit (b/f) 1,13,000
1,34,000 1,34,000

Balance Sheet as at March 31, 2024
Liabilities Amount Assets Amount
(₹) (₹)
Creditors 50,000 Land and Building 5,00,000
Bank Loan 50,000 Plant and 3,00,000
Machinery
Bills Payable 16,000 Equipments 1,20,000
Capital 8,51,000 Debtors 60,000 2
(-) Drawings (10,000) Cash in Hand 30,000
+ Net Profit 1,13,000 9,54,000 Bank Balance 10,000
Closing Stock 50,000
10,70,000 10,70,000

5

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