CBSE Class-10 Exam 2019 : All India Scheme
Question Paper-Elements of Book Keeping and Accountancy

• Subject :Elements of Book Keeping and Accountancy
• Time allowed : 3 hours
• Maximum Marks : 80
• Year : 2019

General Instructions :

(i) All questions are compulsory.
(ii) Questions from serial number 1 to 16 are Multiple Choice Questions carrying one mark each. You have to write the correct option in your answer-book.
(iii) Marks allotted to other questions are indicated against each of them.

Questions :

1. < 7,00,000 spent on increasing the seating capacity of a cinema hall is
(a) Capital expenditure
(b) Revenue expenditure
(c) Deferred revenue expenditure
(d) Capital receipt

2. Sale of goods is a
(a) Revenue receipt
(b) Capital receipt
(c) Deferred revenue expenditure
(d) Revenue expenditure
 OR
Sale of land < 10,00,000, book value < 6,000 is
(a) Capital receipt
(b) Capital expenditure
(c) Revenue receipt
(d) Revenue expenditure

3. In case of straight line method of charging depreciation, the amount of depreciation every year
(a) increases
(b) remains same
(c) decreases
(d) may increase or decrease

4. Under diminishing value method, depreciation is charged on
(a) cost of the asset
(b) book value of the asset
(c) cost of the asset less installation charges
(d) cost of the asset plus installation charges

5. Which of the following is a limitation of the straight line method of charging depreciation ?
(a) It is very simple.
(b) Asset can be depreciated up to scrap value.
(c) It is based on the assumption of equal usage of the asset over its entire useful life.
(d) Every year same amount is charged as depreciation.

6. Depreciation charged on an asset is
(a) debited to Trading Account.
(b) debited to Profit and Loss Account.
(c) debited to Capital Account.
(d) debited to Asset Account.
 OR
For charging depreciation on an asset
(a) installation charges and scrap value are added to its cost.
(b) installation charges and scrap value are deducted from its cost.
(c) installation charges are added and scrap value is deducted from the cost.
(d) installation charges are deducted and scrap value is added to the cost.  

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Courtesy: CBSE