Read and download PDF of CBSE Class 10 Elements of Book Keeping and Accountancy Sample Paper Set B designed as per the latest curriculum and examination pattern for Class 10 issued by CBSE, NCERT and KVS. The latest Class 10 Accountancy Sample Papers have been provided with solutions so that the students can solve these practice papers and then compare their answers. This will help them to identify mistakes and improvement areas in Accountancy Class 10 which they need to study more to get better marks in Class 10 exams. After solving these guess papers also refer to solved Class 10 Accountancy Question Papers available on our website to build strong understanding of the subject
Sample Paper for Class 10 Accountancy Pdf
Students can refer to the below Class 10 Accountancy Sample Paper designed to help students understand the pattern of questions that will be asked in Class 10 exams. Please download CBSE Class 10 Elements of Book Keeping and Accountancy Sample Paper Set B
Accountancy Class 10 Sample Paper
Q1. The purpose of preparing final accounts is to ascertain:
a) Profit or loss
b) Capital
c) The value of assets
d) Profit or loss and financial position
Q2. Trading Account shows:
a) Financial position of the concern
b) Gross profit
c) Net profit
d) Net profit and financial position
Q3. Balance sheet shows:
a) Profit or loss
b) Financial position
c) Errors of accounts
d) Total debtors
Q4. Trading and Profit & Loss Account is prepared:
a) At the end of calendar year
b) At the beginning of the accounting year
c) On every Diwali
d) At the end of accounting year
Q5. Balance Sheet is prepared:
a) For a particular period
b) On a particular date
c) For the whole year
d) For a decade
Q6. Balance sheet shows:
a) Assets only
b) Liabilities only
c) Both assets & Liabilities
d) Neither assets nor liabilities
Q7. Excess of credit in Profit and Loss account is called:
a) Net profit
b) Net loss
c) Gross profit
d) Gross loss
Q8. Wages and Salaries appearing in Trial Balance is shown:
a) On the debit side of Trading A/c
b) On the debit side of Profit and Loss Account
c) On the Asset Side of the Balance Sheet
d) On the liabilities side of Balance Sheet
Q9. Land is:
a) Current Asset
b) Fixed asset
c) A liability
d) Capital
Q10. Identify the current asset from the following:
a) Plant
b) Cash at bank
c) Creditors
d) Capital
Q11. Generally accounts under single entry system are maintained by:
a) Sole Trader
b) Company
c) Society
d) Partnership Firms
Q12. Single entry system of book keeping is:
a) Accurate
b) Systematic
c) Unscientific
d) Rationale
Q13. When closing capital is more than the opening capital, it denotes:
a) Drawings
b) Loss
c) No profit no loss
d) Profit, if there is no introduction of fresh capital
Q14. When closing capital is less than the opening capital, it denotes:
a) Profit
b) Loss
c) Loss, if there is no drawing
d) Expenses
Q15. Which of the following is correct about Single Entry System:
a) Simple Method
b) Difficult Method
c) Expensive Method
d) Both difficult and expensive method
Q16. Single Entry System is a:
a) Complete System
b) Incomplete System
c) Hybrid System
d) None of the above
Q17. Drawer in bill of exchange is a person:
a) Who draws a bill
b) Who accepts the bill
c) Who makes the payment
d) Who receives the payment
Q18. Endorsing the bill means:
a) Giving the bill on charity
b) Depositing the bill with the government treasury
c) Transferring the bill to another person by the holder
d) Receiving the bill from creditors
Q19. Give three differences between Trading Account and Profit and Loss Account.
Q20. Calculate Closing Capital:
Opening capital Rs.1,70,000: Profit for the year Rs.1,20,000: Drawings Rs.70,000. During the year proprietor sold ornaments of his wife
for Rs.20,000 and invested the same in business.
Q21. What is meant by “Accounting from Incomplete Records”? State any two characteristics of incomplete records.
Q22. Give any three differences between Balance Sheet and Statements of Affairs.
Q23. From the Balance Sheet given below, calculate:
1) Total Fixed Assets
2) Total Current Assets
3) Total Current Liabilities
Q24. Surya maintains books on Single Entry System. He gives you the following information:
Capital on 1st April,2014 Rs.30,000
Capital on 1st April, 2015 Rs.32,800
Drawings made during the period: April, 2014 to March, 2015- Rs.10,800.
Capital introduced on 1st August, 2012 Rs.5,000
You are required to calculate the profit or loss made by Mohan.
Q25. What is meant by a Bill of Exchange? State any two of its characteristics.
Q26. Explain any three terms:
a) Dishonour Of a Bill
b) Noting Charges
c) Discounting of a bill
d) Endorsement of a bill
Q27. Give any four objectives of preparing financial statements.
Q28. Calculate net sales and net purchases from the following information:
Sales Rs 1,00,000 , Purchases Rs 50,000
Sales Return Rs 5,000 , Purchase Return Rs 8,000
Q29. Explain any four advantages of Bills of Exchange.
Q30. State any four advantages of Single Entry System.
Q31. State any four limitations of Single Entry System.
Q32. If ‘Adjusted Purchases’ and ‘Closing Stock’ are given in the Trial Balance, will you transfer ‘Closing Stock’ to the trading account? Explain briefly.
Please click the link below to download CBSE Class 10 Elements of Book Keeping and Accountancy Sample Paper Set B
CBSE Class 10 Elements of Book Keeping and Accountancy Sample Paper Set B
We hope you liked the above provided CBSE Class 10 Elements of Book Keeping and Accountancy Sample Paper Set B. To get an understanding of the type of questions which were asked in exams, it is important for Class 10 students to understand the way sample Paper are set by teachers. Students can download the Sample Paper for Class 10 Accountancy which will be coming in the exams so that you can practise them and solve all types of questions that can be asked in exams. By doing CBSE Class 10 Elements of Book Keeping and Accountancy Sample Paper Set B you will understand the regular questions and MCQ questions for Class 10 Accountancy which are always asked. You can download CBSE Class 10 Accountancy Sample Paper and Class 10 Accountancy Question Papers in PDF. You should attempt all the last year question paper for Class 10 and Class 10 Accountancy MCQ Test in examination conditions at home and then compare their answers with the solutions provided by our teachers.
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