CBSE Class X Elements of Book Keeping and Accountancy Sample Questions
Which of the following is a Capital Expenditure? i. Purchase of Goods ii. Purchase of Securities as Investments iii. Purchase of Fixed Assets iv. Depreciation on Assets
A. Only i B. Only ii and iii C. Only ii, iii and iv D. Only iii and iv
If Bank Reconciliation Statement is prepared with favourable Pass book Balance, it was noticed that Cash deposited in bank for ₹ 35,000 but recorded as ₹ 3,500 in Cash Book. How it will be shown in Bank Reconciliation Statement? A. Added ₹ 35,000 B. Subtracted ₹ 35,000 C. Added ₹ 31,500 D. ₹ Subtracted ₹ 31,500
If Bank Reconciliation Statement is prepared with favourable Cash book Balance, it was noticed that Cash withdrawn from bank of ₹ 40,000 but recorded as ₹ 4,000 in Cash Book. How it will be shown in Bank Reconciliation Statement? A. Added ₹ 36,000 B. Subtracted ₹ 36,000 C. Added ₹ 44,000 D. Subtracted ₹ 44,000
Read the following statements carefully: Statement I: Capital Expenditure will provide benefit to the business only for five years. Statement II: Revenue Expenditure are shown as Assets in the Balance Sheet.
In light of the given statements, choose the correct option from the following: A. Both the statements are true. B. Both the statements are false. C. Statement I is true, Statement II is false. D. Statement II is true, Statement I is false
During the year ended March 31, 2024, Salary paid were ₹ 80,000 out of total salary due of ₹ 1,00,000. Determine the amount of Revenue Expenditure. A. ₹ 80,000 B. ₹ 1,00,000 C.₹ 20,000 D. ₹ 1,80,000
Read the following statements carefully: Statement I: When Bank Reconciliation Statement is prepared with Debit balance as per Cash Book; the Balance derived will be only Credit Balance as per Cash Book. Statement II: Bank Reconciliation Statement is prepared by Income Tax authorities on 31 March every year.
In light of the given statements, choose the correct option from the following: A. Both the statements are true. B. Both the statements are false. C. Statement I is true, Statement II is false. D. Statement II is true, Statement I is false
Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below: Assertion (A): Revenue Expenditure will decrease the profits of the firm. Reason (R): Revenue Expenditure are incurred in normal routine of the business to generate revenue.
A. Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). B. Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A). C. Assertion (A) is true, but Reason (R) is false. D. Assertion (A) is false, but Reason (R) is true.
A firm purchased Machinery of ₹ 8,00,000 on 1st October, 2021. Depreciation was to be charged @10% p.a by Straight line method. What will be the book value of Machinery on 31 March, 2024? A. ₹ 5,60,000 B. ₹ 6,80,000 C. ₹ 6,00,000 D. ₹ 6,15,600
A firm purchased Building of ₹ 10,00,000 on 1st April, 2021. Depreciation was to be charged @10% p.a by Written Down Value Method. What will be the book value of Machinery on 31 March, 2024? A. ₹ 7,00,000 B. ₹ 7,29,000 C. ₹ 8,00,000 D. ₹ 8,10,000
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