Sub. code 1021
NEB — GRADE X
SET 5
Model Question
Accounting Question Paper SET 5 (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 5 (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
Very short Question Answer
What are the types of resolution?
What is remittance?
Write the full form of PAN.
How do you adjust closing stock at the end of the year in the balance sheet?
Mention any two bases of Government Accounting.
Write any two names of forms of Government revenue accounting.
What is store accounting?
Show the retention journal voucher at the time of receipt of cash.
Write the AGF form number of purchase order.
Write any two functions of the Office of Auditor General.
What is data entry or input?
Group B
Give Short Answer to The Following Questions
Introduce the memo. Write any four aspects to be considered while preparing memo or tippani.
Write any five importance of financial accounting.
The following information is available from B and B Company as on 30th Ashwin:
(i) The cash book showed a balance of Rs. 125,000/-.
(ii) A cheque of Rs. 1,000/- was drawn but not presented for payment in the bank.
(iii) Interest on overdraft Rs. 5,000/- was debited only in the passbook.
(iv) Cheque of Rs. 12,000/- deposited into bank but not collected by the bank.
(v) Dividend received Rs. 15,000/- credited in passbook but not recorded in cash book.
Required: Bank reconciliation statement
Rectify the following errors located after preparation of trial balance.
(i) Purchased machinery of Rs. 50,000/- has been wrongly debited to purchase account.
(ii) Salary Rs. 20,000/- paid to Ram was wrongly debited to his account.
(iii) Computer purchased of Rs. 15,000/- was wrongly debited to purchase account.
(iv) Purchase goods of Rs. 5,000/- from Hari on credit was wrongly recorded in the sales book.
Required: Rectify the errors
What is numerical filing? Mention any four advantages and disadvantages of it
What is the government accounting system? Mention any four areas of the government accounting system.
The details of expenses of District Health Office, Dhanusha are provided.
B.H.NO | NAME OF BUDGET SUB-HEADS | Annual Budget (Rs.) | Expenditure up to previous month (Magh) (Rs.) | Expenditure for current month (Falgun) (Rs.) | Expenditure up to current month (Falgun) (Rs.) | |||
|---|---|---|---|---|---|---|---|---|
21111 | Salary | 2,40,000/- | 40,000/- | 20,000/- | 60,000/- | |||
22311 | Office related expenses | 24,000/- | 4,000/- | 3,000/- | 7,000/- | |||
22612 | Travelling expenses | 12,000/- | 3,000/- | 2,000/- | 5,000/- | - | ||
28142 | House rent | 36,000/- | 6,000/- | 3,000/- | 9,000/- | - | ||
31123 | Furniture and fixtures | 50,000/- | 15,000/- | 10,000/- | 25,000/- | |||
Total |
Additional information ;
a)houde rent advance of rs 3000
Required: Statement of expenditure
What is a database? Mention any four advantages of ICT use in office procedure and accounting.
Group C
Give Long Answer to the Following Question
What is a banking instrument? Explain any five banking instruments.
The following is the trial balance of XYZ Company as on 31st Ashad 2081:
Trial Balance of XYZ Company
As on 31st Ashad
Particulars | Debit Rs. | Particulars | Credit Rs. |
Opening stock | 10,000/- | Creditors | 27,500/- |
Purchase | 98,500/- | Capital | 70,000/- |
Cash | 10,500/- | Interest received | 8,000/- |
Debtors | 30,000/- | Sales | 1,60,000/- |
Insurance | 4,500/- | ||
Furniture | 80,000/- | ||
Salary | 25,000/- | ||
Wages | 7,000/- | ||
Total | 2,65,500/- | Total | 2,65,500/- |
Additional information:
(i) Closing stock of Rs. 40,000/-
(ii) Depreciation on furniture Rs. 8,000/-
Required: (a) Trading account (b) Profit and loss account (c) Balance sheet
The following transactions are given from District Irrigation Office, Chitwan. The office has submitted a payment order to DTCO for paying the following expenditure:
(a) On 2081/07/01, Issued payment order of Rs. 50,000/- to 'Sharma and Company' for the purchase of a photocopy machine.
(b) On 2081/07/05, Issued payment order of Rs. 50,000/- as advance to Section Officer, Khanal for purchasing office materials.
(c) On 2081/07/18, Issued payment order for Employee remuneration for the month of Kartik of Rs. 1,32,000/- after deducting provident fund of Rs. 24,000/- and income tax Rs. 2,000/-.
(d) On 2081/07/24, the office materials advance of Section Officer Khanal Rs. 50,000/- was cleared after submitting the bill for office materials.
(e) On 2081/07/30, the deducted amount of provident fund and income tax was deposited into the related office account.
Required: Journal vouchers
The following transactions are taken from District Irrigation Office, Gulmi. The office has submitted a payment order to DTCO and DTCO paid the expenditure at the end of the same month:
2081/05/15 (Bhadra 15): Issued a payment order of Rs. 20,000/- for purchased of furniture.
2081/05/18 (Bhadra 18): Advance paid for uniform purchase to section officer, Rajthala of Rs. 1,00,000.
2081/05/28 (Bhadra 28): Rajthala's uniform advance of Rs 1,00,000/- has been cleared as he submitted the uniform purchased bill of Rs. 1,18,000/-.
2081/05/30 (Bhadra 30): Salary payment order for the month of Bhadra was issued after deducting provident fund Rs. 18,000/- and income tax Rs. 2,000/- out of total salary Rs. 99,000/-.
2081/05/30 (Bhadra 30): Received payment release through DTCO for the different expenditure made for the month of Bhadra.
Required: Bank Cash Book-AGF No. 209
Paper Overview & Analysis
SET 5
Year
Model Question
Type
75
Full Marks
32
Pass Marks
3 Hours
Duration
21
Question Items
Question Type Breakdown
Group Breakdown