Sub. code 1021
NEB — GRADE X
SET 4
Model Question
Accounting Question Paper SET 4 (Model Question)
The candidates are required to give their answers in their own words as far as practicable. The figures in the margin indicate full marks.
Pass Marks : 32
सबै प्रश्नको उत्तर दिनुहोस् । (Attempt All Questions)
This model question question paper is for Class 10 Accounting, SET 4 (subject code 1021), carrying full marks of 75 with a pass mark of 32, to be completed within 3 Hours. Answers with step-by-step solutions are available for every question below.
Group A
Answer the Following Question in one Sentence
What is numerical filing?
Which is the first bank of Nepal? Write in B.S.
Write the full form of NFRS.
In which side of the balance sheet is adjusted for net profit?
Write any two names of government office that use in central level accounting.
What is revenue accounting system?
Why is store accounting prepared in an office?
Show the retention journal voucher at the time of retention cash deposited into bank.
What is general fund?
Write any two objectives of internal control.
Write any two names of operating system used in computer.
Group B
Give Short Answer to The Following Question
Describe any five types of report.
Describe any five canons of taxation.
The following information is available from C and C Company as on 30th Jestha.
i. The cash book showed a balance of Rs. 80,000.
ii. A debtor directly deposited into bank of Rs. 5,000 but not recorded in cash book.
iii. Bank charge of Rs. 2,000 charged by bank but not entered in cash book,
iv. Cheque of Rs. 6,000 issued to seller for payment but not recorded in cash book.
v. Bank provided interest of Rs. 4,000 but not recorded in cash book.
Required: Bank reconciliation statement
Rectify the following errors located after preparation of trial balance.
i. Wages paid to installation of machine of Rs. 2,000 was wrongly debited to wages account.
ii. Salary paid to Hari of Rs. 15,000 was wrongly debited to Hari's account.
iii. Purchase book was over recorded by Rs. 3,000.
iv. Purchase goods of Rs. 4,500 from Kala on credit was wrongly recorded in sales book.
Required: Rectify the errors.
What is alphabetical filing? Mention any four advantages and disadvantages of it.
Mention any five bases of government accounting in Nepal.
The detail of expenses of District Police Office, Baglung is provided.
B. H. No. | Name of Budget Sub-heads | Annual appropriation (Rs.) | Expenditure up to Poush (Rs.) | Expenditure of Magh (Rs.) |
21111 | Salary | 2,50,000 | 50,000 | 30,000 |
22612 | Travelling expenses | 18,000 | 8,000 | 4,000 |
22711 | Miscellaneous expenses | 20,000 | 5,000 | 1,500 |
28142 | House rent | 26,000 | 5,000 | 14,000 |
22211 | Fuel expenses | 20,000 | 5,000 | 4,000 |
Additional Information: Uncleared house rent advance of Rs. 5,000
Required: Statement of expenditure
Write any five functions of Ministry of Finance.
Introduce consolidated fund. Write its any four necessities in brief.
Explain any five ICT systems used in Nepal's government accounting.
Group C
Give long Answer To The Following Qestion
What is commercial Bank? Describe its any five functions.
The following is the trial balance of Subidha Company as on 31st Ashad 2082.
Trial balance of Subidha Company
As on 31st Ashadh
Particulars | Debit Rs. | Particulars | Credit Rs. |
Opening stock | 45,000 | Loan | 22,000 |
Purchase | 27,000 | Capital | 40,000 |
Furniture | 2,70,000 | Purchase return | 4,000 |
Debtors | 40,000 | Sales | 3,80,000 |
Rent | 18,000 | ||
Wages | 29,000 | ||
General expenses | 7,000 | ||
Bank | 10,000 | ||
Total | 4,46,000 | Total | 4,46,000 |
Additional Information:
i. Closing stock of Rs. 49,000
ii. Wages outstanding of Rs. 2,000
Required:
Trading account
Profit and loss account
Balance sheet
The following transactions are given from District Coordination Committee, Palpa. The office has submitted a payment order to DTCO for paying the following expenditure.
(a) On 2082/03/01, Issued payment order of Rs. 20,000/- for the payment of office materials.
(b) On 2082/03/06, Issued payment order of Rs. 75,000/- as advance to Section Officer, Ram Prasad for purchasing furniture.
(c) On 2082/03/20, Issued payment order for employee remuneration for the month of Chaitra of Rs. 220,000 after deducting provident fund of Rs. 40,000/- and income tax Rs. 5,000/-.
(d) On 2082/03/24, the furniture advance of Section Officer Ram Prasad Rs. 75,000/- was cleared after submitted furniture with bill.
(e) On 2082/03/30, the deducted amount of provident fund and income tax was deposited into related office account.
Required: Journal voucher
Following transactions are taken from District Post Office, Sundhara, Kathmandu. The office has submitted payment order to DTCO and DTCO paid the expenditure at the end of the same month
.
(a) Issued a payment order of Rs. 15,000 for house rent.
(b) Advance paid for Furniture purchase to Section Officer, Kharel of Rs. 40,000.
(c) Section Officer, Kharel's furniture advance of Rs. 40,000 has been cleared as he submitted the furniture purchased bill of Rs. 40,000.
(d) Salary payment order for the month of Shrawan was issued after deducting provident fund Rs. 60,000 and income tax Rs. 10,000 out of total salary Rs. 330,000.
(e) Received payment release order through Treasure and Comptroller Office for the different expenditure made for the month of Shrawan.
Required: Bank cash book
Paper Overview & Analysis
SET 4
Year
Model Question
Type
75
Full Marks
32
Pass Marks
3 Hours
Duration
22
Question Items
Question Type Breakdown
Group Breakdown