Class 10 Account Model Question Model Question (With Solution)

1.

Name any two office procedures related to decision making.

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2.

When was Nepal Rastra Bank established?

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3.

What is indirect tax?

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4.

How do you record outstanding salary expenses at the end of a year in the final accounts?

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5.

State any two names of government offices that use central level accounting.

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6.

What is revenue accounting system?

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7.

Write any two important points of store accounting.

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8.

Prepare the retention journal voucher at the time of receipt on cash.

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9.

What is fund?

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10.

Which is the apex auditing body in Nepal?

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11.

How does the use of computer in accounting help in cost control?

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12.

Mention the aspects to be considered while preparing a report.

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13.

Why do business organizations use accounting? Explain.

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14.

A passbook of a business firm showed a bank balance of Rs. 65,000. While making comparison with cash book, the following discrepancies were found:
(a) Cheque issued but not presented for payment of Rs. 12,000.
(b) Cheque deposited but not collected by bank of Rs. 8,000.
(c) Bank charge debited only in passbook of Rs. 1,500.
(d) Interest on investment recorded only in passbook of Rs. 6,000.
(e) A customer directly deposited amount of Rs. 9,000 into the bank but not recorded in cash book.

Required: Bank reconciliation statement

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15.

Following errors were detected before preparation of trial balance:
(a) House rent paid of Rs. 5,000 was wrongly debited to wages paid account.
(b) Salary paid to Ram of Rs. 7,000 was wrongly debited to Ram’s account.
(c) Purchase of machinery of Rs. 20,000 was debited as Rs. 2,000 in machinery account.
(d) Sales book under recorded by Rs. 5,000.

Required: Entries for rectification

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16.

Introduce the alphabetical filing and mention any four advantages and disadvantages.

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17.

Explain any five bases of government accounting in Nepal.

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18.

Prepare statement of expenditure of District Police Office, Sindhuli for the month of Poush 2080.

Budget head no.	Budget head	Annual appropriation Rs.	Expenditure up to Magh in Rs.	Expenditure of Poush in Rs.
21111	Remuneration	3,70,000	1,39,000	24,000
22111	Uniform	43,000	6,600	1,200
22711	Miscellaneous expenses	33,500	10,400	2,100
22311	Office materials	18,000	8,000	1,500
22612	Travelling expenses	70,000	28,000	6,000

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19.

Write any five functions of Ministry of Finance.

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20.

Introduce retention accounting. Mention any three conditions in which retention should be kept.

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21.

Write in brief about information technology systems used in Nepal’s government accounting.

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22.

Introduce the financial institutions. Describe any five of its functions.

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23.

Following are the particulars extracted from the trader for the year ended 30 Chaitra 2080.

Particulars	Debit Rs.	Credit Rs.
Opening stock	20,000
Carriage	30,000
Furniture	50,000
Purchase	2,00,000
Debtors	1,20,000
Capital		2,60,000
Creditors		50,000
Wages	60,000
General expenses	20,000
Salary	30,000
Insurance	70,000
General reserve		25,000
Bank loans		40,000
Sales		2,25,000
Total	6,00,000	6,00,000

Additional information:

(a) Closing stock Rs. 35,000
(b) Outstanding salary Rs. 5,000
(c) Depreciation on furniture @ 10%

Required: Trading account, Profit and loss account, Balance sheet

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24.

Following are the transactions of District Coordination Unit, Gorkha:
(a) 2080/04/05: Issued payment order of Rs. 30,000 for purchasing office materials.
(b) 2080/04/12: Issued payment order of Rs. 50,000 for payment of house rent to house owner Mr. Chitrakar.
(c) 2080/04/14: Advance given to Section Officer Mrs. Rajani Silwal Rs. 25,000 for the purpose of travelling expenses.
(d) 2080/04/25: Issued payment order for employees’ remuneration of Rs. 4,40,000 (including provident fund) as per rule after deducting income tax Rs. 3,000 and Citizen Investment Trust Rs. 10,000 for the month Shrawan.
(e) 2080/04/26: The amount deducted from employee salary for the month Shrawan was deposited in concerned office.

Required: Journal voucher

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25.

Prepare bank cash book from the following transactions of District Administration Office, Rasuwa.

(a) 2080/09/01: Issued payment order of Rs. 10,000 for house rent.
(b) 2080/09/05: Advance for office furniture purchase provided to Kharidar Mr. Rai of Rs. 50,000.
(c) 2080/09/15: The advance of Kharidar Mr. Rai has been cleared on the basis of furniture purchase bill of Rs. 45,000.
(d) 2080/09/15: Salary payment order for the month was issued after deducting provident fund as per government rule and tax of Rs. 2,000 out of total salary Rs. 2,20,000.
(e) 2080/09/29: Received payment release through Treasury and Comptroller Office for the different expenditures made for the month of Poush.

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