(Download) CBSE Class-10 Sample Paper And Marking Scheme 2020-21 : Elements of Book Keeping and Accountancy

Sample Question Paper (Term-1) 2021-22

Class : Xth

Subject: Elements of Book Keeping and Accountancy

Subject Code: 254

1 An amount of 20,000 was spent on repairs of building. This expense will be categorised under ______ .

(a) Capital Expenditure

(b) Revenue Expenditure

(c) Deferred Revenue Expenditure

(d) Both Capital and Deferred Revenue Expenditure

2 Which of the following will be a Capital Expenditure for a business?

(a) Routine Advertisement Expenditure

(b) Advertisement for launching a new product

(c) Delivery Van purchased

(d) Salary to Employees

3 On 1st July, 2020 Aqua Ltd purchased Machinery of 4,00,000. Depreciation is to be charged @10% p.a by diminishing balance method. What amount of depreciation will be charged for the year ending March 31, 2021?

(a) 40,000

(b) 20,000

(c) 30,000

(d) 70,000 

4 Bank Reconciliation Statement is prepared to reconcile _________ and ________ balances.

(a) Cash Book and Ledger Accounts

(b) Pass Book and Ledger Accounts

(c) Cash Book and Pass Book

(d) Cash Book and Vouchers

5 Which of the following is deferred Revenue Expenditure?

(a) Salary for previous year paid in current year

(b) Advertisement for launching a new product

(c) Repayment of Loan

(d) Building purchased

6 Assertion (A) :- Capital Expenditure are recurring in nature Reason (R) :- Capital Expenditure are incurred to increase the earning capacity.

(a) Both A and R are correct and R is the correct explanation of A,

(b) Both A and R are correct but R is not the correct explanation of A.

(c) A is correct but R is incorrect.

(d) A is incorrect but R is correct.

7 In straight line method ________

(a) Depreciation is charged on remaining book value every year.

(b) Depreciation is charged only for half of the year.

(c) Depreciation is charged on cost price of asset every year.

(d) Book value of Asset will never be zero

8 Which of the following is not a Capital Receipt?

(a) Sale of old Newspaper

(b) Sale of Machinery

(c) Loan taken from Bank

(d) Capital introduced by proprietor

9 If Depreciation is not charged in a particular year, then what will be the effect on the books of Accounts?

(a) Profits will be higher

(b) Profits will be lesser

(c) Assets can’t be shown in books of the firm

(d) Accounts can’t be prepared

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