(Download) CBSE Class-10 Sample Paper 2015-16 : Elements of Book Keeping And Accountancy
CBSE Class-10 Sample Paper 2015-16 : Elements of Book Keeping And Accountancy
SAMPLE PAPER – 1
ELEMENTS OF BOOK KEEPING AND ACCOUNTANCY
CLASS – X (2015-16)
SA-II (TERM –II)
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. The profit and loss 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. Final Accounts are prepared:
a) At the end of calender year
b) At the beginning of the accounting year
c) On every Diwali
d) At the end of accounting year
Q5. Trading and Profit and Loss Account is prepared:
a) For a particular period
b) On a particular date
c) For the whole year
d) For a decade
Q6.Balance sheet is prepared:
a) For a particular period
b) On a particular date
c) For the whole year
d) For a month
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. Choose the current assets from the following:
a) Plant
b) Inventories
c) Creditors
d) Capital
Q11. Generally accounts under single entry system are maintained by:
a) Sole Trader
b) Company
c) Society
d) Government
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) Profit
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 drawing
d) Expenses
Q15.If the due date of a bill falls on a public holiday then the bill is due on :
a) One day after the due date
b) Public holiday
c) One day before the due date
d) One month after due date
Q16.Bill of Exchange is also:
a) Order
b) Request
c) Promise
d) Invoice
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) Intelligent person/ none of the above
Q18.Endorsing the bill means:
a) Giving the bill on charity
b) Deposting the bill for 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”? Mention any two characteristics of it.
Q22. Give three differences between Balance Sheet and Statements of Affairs.
